Business & Finance

Saturday 07 November | 09:30

Euro area deposit rates rise as Cyprus savers remain among lowest paid

Cyprus’ depositors continued to receive some of the lowest savings returns in the eurozone in September 2026, while borrowing costs remained broadly comparable with European levels, according to figures published by ...

By Kyriacos Nicolaou

Saturday 07 November | 09:52

The eurozone must adapt or die

The euro area stands on the precipice of a compounding existential crisis driven by unsustainable debt trajectories, asymmetric structural adjustments, persistent supply-side inflation, escalating energy costs and an unyielding geopolitical ...

By Ioannis Tirkides

Saturday 07 November | 09:30

Euro area deposit rates rise as Cyprus savers remain among lowest paid

Cyprus’ depositors continued to receive some of the lowest savings returns in the eurozone in September 2026, while borrowing costs remained broadly comparable with European levels, according to figures published by ...

By Kyriacos Nicolaou

Saturday 07 November | 09:00

Cyprus Business Now: wages, Cyta, TechIsland, social spending, banking, foreign ties

Cyprus’ banking sector continued to demonstrate strong capitalisation and asset quality in the second quarter of 2026, with local credit institutions maintaining capital buffers well above European Union averages, according to ...

By Kyriacos Nicolaou

Saturday 07 November | 09:52

The eurozone must adapt or die

The euro area stands on the precipice of a compounding existential crisis driven by unsustainable debt trajectories, asymmetric structural adjustments, persistent supply-side inflation, escalating energy costs and an unyielding geopolitical ...

By Ioannis Tirkides

Saturday 07 November | 08:00

Still at school, already stealing the show at Europe’s start-up challenge

An 18-year-old German entrepreneur who is still at school has won the European Commission’s Youth Start-Up Challenge 2026 with an artificial intelligence tool designed to give care workers something they ...

By Souzana Psara

Saturday 07 November | 07:30

Non-performing loans and cyber threats put Greek banks on alert

Moody’s has identified four key risks that could test the resilience of Greek banks over the coming months, warning that a renewed increase in bad loans, capital quality concerns, ...

By Kyriacos Nicolaou

image Cyprus average salary reaches €29,547 but trails EU benchmark

Friday 06 November | 13:42

Wages

Cyprus average salary reaches €29,547 but trails EU benchmark

Cyprus recorded an average annual full-time adjusted salary of €29,547 in 2025, remaining substantially below the European Union average of €41,464, despite a stronger annual increase than the bloc as a whole, according ...

By Kyriacos Nicolaou

Cyprus Business News

Saturday 07 November | 09:30

Euro area deposit rates rise as Cyprus savers remain among lowest paid

Cyprus’ depositors continued to receive some of the lowest savings returns in the eurozone in September 2026, while borrowing costs remained broadly comparable with European levels, according to figures published by ...

By Kyriacos Nicolaou

Saturday 07 November | 09:00

Cyprus Business Now: wages, Cyta, TechIsland, social spending, banking, foreign ties

Cyprus’ banking sector continued to demonstrate strong capitalisation and asset quality in the second quarter of 2026, with local credit institutions maintaining capital buffers well above European Union averages, according to ...

By Kyriacos Nicolaou

Friday 06 November | 17:10

CBC suspends sales of 2025 and 2026 Cyprus euro coins

The Central Bank of Cyprus (CBC) has suspended sales of Cyprus euro circulation coins minted in 2025 and 2026 due to a technical issue, the central bank announced on Friday. The suspension, ...

By Kyriacos Nicolaou

Friday 06 November | 16:35

Cyprus showcases professional services in Austria

Cyprus promoted its professional services and business opportunities to Austrian investors and industry representatives at the annual GEWINN-Messe in Vienna, which took place on October 22 and 23, 2026, with an information stand ...

By Kyriacos Nicolaou

Friday 06 November | 16:03

Cyprus social protection spending rises to €6.59bn, equal to 18.07 per cent of GDP

Cyprus’ social protection expenditure rose by approximately 5.1 per cent year-on-year to an estimated €6.59 billion in 2025, up from €6.28 billion in 2024, while spending remained broadly unchanged as a share of the economy, ...

By Kyriacos Nicolaou

Friday 06 November | 15:21

Cyprus and China explore ways to deepen economic cooperation

Cyprus and China consider updating double taxation agreement Finance Minister Makis Keravnos and China’s ambassador to Cyprus Yang Yundong discussed ways to expand economic cooperation between the two countries ...

By Kyriacos Nicolaou

image Cyprus banks among EU’s strongest for capital buffers

Friday 06 November | 14:47

Banking

Cyprus banks among EU’s strongest for capital buffers

Cyprus’ banking sector continued to demonstrate strong capitalisation and asset quality in the second quarter of 2026, with local credit institutions maintaining capital buffers well above European Union averages, according to ...

By Kyriacos Nicolaou

Friday 06 November | 14:11

CBC offers three graduate positions with salaries starting at €979

The Central Bank of Cyprus (CBC) on Friday announced three opportunities for recent graduates and postgraduate students through its internship and graduate programme, offering placements in its information technology and ...

By Kyriacos Nicolaou

Friday 06 November | 13:42 Wages

Cyprus average salary reaches €29,547 but trails EU benchmark

Cyprus recorded an average annual full-time adjusted salary of €29,547 in 2025, remaining substantially below the European Union average of €41,464, despite a stronger annual increase than the bloc as a whole, according ...

By Kyriacos Nicolaou

Friday 06 November | 13:22

Cyprus business consultants review work and set priorities for next year

The Cyprus association representing certified business consultants held its annual general meeting on November 5 at the premises of the Cyprus Chamber of Commerce and Industry (Keve) in Nicosia, reviewing its ...

By Kyriacos Nicolaou

Friday 06 November | 13:10

Cyprus and Vietnam seek closer trade and investment ties

Cyprus and Vietnam have explored opportunities to expand bilateral trade, investment and technological cooperation at a business forum held in Nicosia on Friday, with the Cyprus Chamber of Commerce and ...

By Kyriacos Nicolaou

Friday 06 November | 13:03

Cyprus records strongest EU retail growth in September

Cyprus recorded the strongest annual increase in retail trade across the European Union in September 2026, with sales volumes rising by 7.6 per cent as retail activity across the bloc edged down ...

By Kyriacos Nicolaou

image Cyprus’ external deficit deepens as services surplus comes under pressure

Friday 06 November | 11:48

Economy

Cyprus’ external deficit deepens as services surplus comes under pressure

Cyprus’ current account deficit widened in 2025 and increased further in the first half of 2026, with Eurobank Research warning that the latest figures point to mounting pressure on the economy’s ...

By Kyriacos Nicolaou

Banking and Finance

Saturday 07 November | 09:30

Euro area deposit rates rise as Cyprus savers remain among lowest paid

Cyprus’ depositors continued to receive some of the lowest savings returns in the eurozone in September 2026, while borrowing costs remained broadly comparable with European levels, according to figures published by ...

By Kyriacos Nicolaou

Saturday 07 November | 07:30

Non-performing loans and cyber threats put Greek banks on alert

Moody’s has identified four key risks that could test the resilience of Greek banks over the coming months, warning that a renewed increase in bad loans, capital quality concerns, ...

By Kyriacos Nicolaou

Friday 06 November | 17:10

CBC suspends sales of 2025 and 2026 Cyprus euro coins

The Central Bank of Cyprus (CBC) has suspended sales of Cyprus euro circulation coins minted in 2025 and 2026 due to a technical issue, the central bank announced on Friday. The suspension, ...

By Kyriacos Nicolaou

Friday 06 November | 14:47 Banking

Cyprus banks among EU’s strongest for capital buffers

Friday 06 November | 14:11

CBC offers three graduate positions with salaries starting at €979

Friday 06 November | 08:42

National Bank of Greece buys back €19.79m worth of own shares

Shipping

Monday 02 November | 15:53

Shipping

Cyprus shipping sector adds 119 vessels, increases revenue over three years

By Kyriacos Nicolaou

Sunday 01 November | 15:17

Shipping

Cyprus steps up shipping ties across major Asian markets

By Kyriacos Nicolaou

Thursday 29 October | 14:44

WISTA surpasses 6,500 members as Petraki pushes for maritime diversity

By Souzana Psara

Wednesday 28 October | 13:30

Columbia Group shifts focus from recruiting to retaining women at sea

By Souzana Psara

Wednesday 28 October | 07:50

Pilides questions Europe’s energy strategy as costs remain high

By Souzana Psara

Tuesday 27 October | 10:11

CSC to host global shipping leaders for talks on geopolitics and fuel transition

By Souzana Psara

Startups and Innovation

Friday 06 November | 10:59

TechIsland backs Cyprus business reform with an eye on jobs and investment

TechIsland has welcomed the government’s decision to revise the registration framework for companies with foreign interests, saying the changes will help international businesses remain and expand in Cyprus, encourage ...

By Souzana Psara

image Cyprus seeks deeper Silicon Valley links as US investment interest grows

Thursday 05 November | 11:34

Startups

Cyprus seeks deeper Silicon Valley links as US investment interest grows

Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou has concluded two days of meetings at the Plug and Play Silicon Valley Winter Summit, seeking to strengthen Cyprus’ international ...

By Kyriacos Nicolaou

Thursday 05 November | 09:22

Startups

Ten startups to showcase innovation at Plug and Play Cyprus expo

Ten startups developing technologies ranging from artificial intelligence and energy management to hospitality, recruitment and environmental monitoring will showcase their businesses at Plug and Play Cyprus’ first acceleration programme expo ...

By Kyriacos Nicolaou

Wednesday 04 November | 11:59

Cyprus wants a startup boom. Where are all the women entrepreneurs?

Cyprus has spent years talking up entrepreneurship. One rather awkward detail remains. Women are only half as likely as men to be starting or running a young business, and when ...

By Souzana Psara

Tuesday 03 November | 16:19

Paphos students pitch AI ideas for the city’s future

Students and university teams presented technology-driven ideas for improving urban life in Paphos, as the municipality awarded the winners of its ‘Paphos 2.0 – Young people design the next version of the ...

By Kyriacos Nicolaou

Tourism

Wednesday 04 November | 14:08 Tourism

British tourists set to power Cyprus tourism rebound in 2027

UK airlines plan seat boost to Cyprus for 2027 season Cyprus’ tourism sector has proved more resilient than expected during the 2026 season, despite regional developments that created uncertainty in the market, ...

By Kyriacos Nicolaou

Wednesday 04 November | 12:30

Airlines signal strong interest in extending Cyprus winter season

Hermes sees positive outlook for Cyprus flights in 2027 Cyprus is expected to maintain a positive outlook for air connectivity in 2027 despite rising fuel costs and growing uncertainty in the aviation ...

By Kyriacos Nicolaou

Wednesday 04 November | 09:42

Limassol tourism board joins Dasoudi beach clean-up campaign

The Limassol regional tourism board (Etap Limassol) completed a beach clean-up campaign at Dasoudi on Tuesday, working with the Municipality of Amathounta and Oceanic to raise public awareness and encourage ...

By Kyriacos Nicolaou

Property

Wednesday 04 November | 15:25

Property profession retains appeal among newcomers, Cyprus real estate council says

The Cyprus Real Estate Agents Registration Council on Wednesday announced that 90 candidates sat its latest written examinations on October 30, reflecting what it described as strong interest among newcomers in entering ...

By Kyriacos Nicolaou

Wednesday 04 November | 14:50

Themis November auctions cover properties across all five districts

More than 100 properties across Cyprus, with reserve prices starting at just €1,000, are included in Themis’ November electronic auction programme, which will be held through the eauctions platform. The portfolio covers ...

By Kyriacos Nicolaou

Wednesday 04 November | 06:30

Cyprus estate agents seek correction of reports over occupied property claims

The Cyprus Real Estate Agents Association (Skek) has called on media organisations to publicise the closure of a police investigation into allegations linking estate agencies to illegal activities involving Greek ...

By Kyriacos Nicolaou

image Average Cypriot families see homeownership dream slip away

Monday 02 November | 14:25

Real estate

Average Cypriot families see homeownership dream slip away

Nicosia offers hope as Limassol property market shuts the door on average earners Only 1.8 per cent of two- and three-bedroom apartments advertised for sale in Limassol are priced within the ...

By Kyriacos Nicolaou

Energy

Friday 06 November | 15:01

Turkey says gas pipeline project with Turkish Cypriots can provide power to whole island

Turkish Energy Minister Alparslan Bayraktar said a planned natural gas pipeline linking Turkey and the breakaway Turkish Cypriot community could eventually provide power to the entire ethnically split island. Turkey ...

By Reuters News Service

Friday 06 November | 07:00

Business gas prices fall across EU, but tax share increases

Average gas prices for non-household consumers across the European Union rose slightly in the first half of 2026 compared with the previous six months, although they remained below levels recorded a ...

By Kyriacos Nicolaou

Thursday 05 November | 09:02

Energy

Cyprus needs long-term energy strategy beyond political cycles, expert says

Cyprus needs a comprehensive national energy strategy built around long-term planning, political consensus and a combination of technologies, rather than relying on individual solutions to address its energy challenges, according ...

By Kyriacos Nicolaou

image Cyprus businesses face crippling electricity costs amid EU price drop

Wednesday 04 November | 16:23

Energy

Cyprus businesses face crippling electricity costs amid EU price drop

Cyprus recorded the joint second-highest electricity prices for non-household consumers in the European Union during the first half of 2026, with businesses paying an average of €0.23 per kilowatt-hour, according to Eurostat. ...

By Kyriacos Nicolaou

Market spotlight

Friday 06 November | 11:07

Cyta expands digital training for older people across Cyprus

By Kyriacos Nicolaou

Thursday 05 November | 14:30

Alpha Bank unveils new brand identity while retaining historic symbol

By Kyriacos Nicolaou

Thursday 05 November | 14:29

Lidl Cyprus, JA Cyprus train mentors in green entrepreneurship for 6th ‘mind REset’ cycle

By Press Release

Thursday 05 November | 14:22

Emirates remains profitable despite Gulf conflict and soaring fuel costs

By Kyriacos Nicolaou

Thursday 05 November | 13:47

Cryos IVF Clinic supports European Fertility Week 2026

By Press Release

Cyprus 4.0

Saturday 31 October | 12:00

Beyond the pitch: How Cyprus supports its startup founders

For founders in Cyprus, turning an idea into a business involves more than developing a product. It means testing demand, protecting intellectual property and finding customers and funding. The island’...

By Panis Pieri

Saturday 31 October | 09:30 Startups

Inside Cyprus’ growing network of startup investors

Cyprus’ startup ecosystem is supported by a mix of venture capital funds, crowdfunding platforms, corporate investors and accelerators, each addressing different obstacles facing young businesses, from securing early funding to ...

By Kyriacos Nicolaou

Friday 30 October | 15:15

Spectrum Games: Bringing people together, one game at a time

What began in 2019 as an initiative to bring traditional games into the digital age has evolved into a Cyprus-based gaming company with ambitions extending well beyond the island. Founded by ...

By Freda Yannitsas

Friday 30 October | 12:00

GetOffers.com: Making business travel simpler

Before GetOffers.com, I worked in travel tech for several years. I started in customer support and later moved into sales. In both roles, I kept hearing the same complaints ...

By Panis Pieri

Friday 30 October | 10:40

How AI is changing the way lawyers work in Cyprus

Artificial intelligence is beginning to reshape the legal profession, with law firms increasingly exploring how emerging technologies can improve research, document analysis and other aspects of legal work without compromising ...

By Kyriacos Nicolaou

image Michael Economou on building Exyde around AI teams

Thursday 29 October | 15:15

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About Us

Business & Finance

Euro area deposit rates rise as Cyprus savers remain among lowest paid

The eurozone must adapt or die

Euro area deposit rates rise as Cyprus savers remain among lowest paid

Cyprus Business Now: wages, Cyta, TechIsland, social spending, banking, foreign ties

The eurozone must adapt or die

Still at school, already stealing the show at Europe’s start-up challenge

Non-performing loans and cyber threats put Greek banks on alert

Cyprus average salary reaches €29,547 but trails EU benchmark

Cyprus Business News

Euro area deposit rates rise as Cyprus savers remain among lowest paid

Cyprus Business Now: wages, Cyta, TechIsland, social spending, banking, foreign ties

CBC suspends sales of 2025 and 2026 Cyprus euro coins

Cyprus showcases professional services in Austria

Cyprus social protection spending rises to €6.59bn, equal to 18.07 per cent of GDP

Cyprus and China explore ways to deepen economic cooperation

Cyprus banks among EU’s strongest for capital buffers

CBC offers three graduate positions with salaries starting at €979

Cyprus average salary reaches €29,547 but trails EU benchmark

Cyprus business consultants review work and set priorities for next year

Cyprus and Vietnam seek closer trade and investment ties

Cyprus records strongest EU retail growth in September

Cyprus’ external deficit deepens as services surplus comes under pressure

Banking and Finance

Euro area deposit rates rise as Cyprus savers remain among lowest paid

Non-performing loans and cyber threats put Greek banks on alert

CBC suspends sales of 2025 and 2026 Cyprus euro coins

Cyprus banks among EU’s strongest for capital buffers

CBC offers three graduate positions with salaries starting at €979

National Bank of Greece buys back €19.79m worth of own shares

Shipping

Cyprus shipping sector adds 119 vessels, increases revenue over three years

Cyprus steps up shipping ties across major Asian markets

WISTA surpasses 6,500 members as Petraki pushes for maritime diversity

Columbia Group shifts focus from recruiting to retaining women at sea

Pilides questions Europe’s energy strategy as costs remain high

CSC to host global shipping leaders for talks on geopolitics and fuel transition

Startups and Innovation

TechIsland backs Cyprus business reform with an eye on jobs and investment

Cyprus seeks deeper Silicon Valley links as US investment interest grows

Ten startups to showcase innovation at Plug and Play Cyprus expo

Cyprus wants a startup boom. Where are all the women entrepreneurs?

Paphos students pitch AI ideas for the city’s future

Tourism

British tourists set to power Cyprus tourism rebound in 2027

Airlines signal strong interest in extending Cyprus winter season

Limassol tourism board joins Dasoudi beach clean-up campaign

Property

Property profession retains appeal among newcomers, Cyprus real estate council says

Themis November auctions cover properties across all five districts

Cyprus estate agents seek correction of reports over occupied property claims

Average Cypriot families see homeownership dream slip away

Energy

Turkey says gas pipeline project with Turkish Cypriots can provide power to whole island

Business gas prices fall across EU, but tax share increases

Cyprus needs long-term energy strategy beyond political cycles, expert says

Cyprus businesses face crippling electricity costs amid EU price drop

Market spotlight

Cyta expands digital training for older people across Cyprus

Alpha Bank unveils new brand identity while retaining historic symbol

Lidl Cyprus, JA Cyprus train mentors in green entrepreneurship for 6th ‘mind REset’ cycle

Emirates remains profitable despite Gulf conflict and soaring fuel costs

Cryos IVF Clinic supports European Fertility Week 2026

Cyprus 4.0

Beyond the pitch: How Cyprus supports its startup founders

Inside Cyprus’ growing network of startup investors

Spectrum Games: Bringing people together, one game at a time

GetOffers.com: Making business travel simpler

How AI is changing the way lawyers work in Cyprus

Michael Economou on building Exyde around AI teams

Cryptocurrencies

What the EBA’s USDC decision means for stablecoin supervision in Europe

Binance $6.3bn hack explained: How it happened and where the money went

Cyprus promotes fintech and digital economy at US blockchain summit

7 ways to earn beyond Crypto Mining in 2026: How do the best AI infrastructure offer new opportunities?

Best RPC providers for Ethereum in 2026

Cloud mining alternatives in 2026: How to participate in AI infrastructure without buying hardware

How to convert Crypto to cash without disrupting business cash flow