Cyprus Business News

Here are the top business stories in Cyprus from the week starting December 15: Eurogate Limassol is preparing to expand storage capacity at its Container Terminal by demolishing one of two ...

By Ioannis Tirkides The Cypriot tax system, which was designed almost a quarter of a century ago, in 2002, is facing problems of ageing. Although it was originally designed to be ...

Alpha Bank S.A. announced on Friday that it has agreed key commercial and legal terms for a strategic combination of insurance activities in Cyprus, aiming to create one of ...

S&P Global Ratings on Thursday revised the outlook of the Bank of Cyprus to positive from stable in Cyprus, citing lower economic risk for banks operating in the ...

The Central Bank of Cyprus (CBC) has announced that all banks across the country will close on specific public holidays to mark the Christmas and New Year period. The announcement ...

Cyprus passport shines for mobility, tax and personal freedoms, outperforming the UK and US The Cyprus passport has been ranked fifth worldwide in the Nomad Passport Index 2026, highlighting the island’...

The Cyprus Securities and Exchange Commission (CySEC) on Friday launched a public consultation on a new directive setting out how crypto-asset service providers must submit prudential supervisory information. The aim ...

EU imports of petroleum oils fell sharply in the first nine months of 2025, while purchases of liquefied natural gas surged, reflecting a continued shift in the bloc’s energy mix, ...

Alpha Bank S.A. announced on Friday that it has agreed key commercial and legal terms for a strategic combination of insurance activities in Cyprus, aiming to create one of ...

Cyprus is no longer a quiet player in innovation. It is now ranked among the top 25 countries in the Global Innovation Index and sits within the world’s top 40 startup ...

Limassol businesses are finding it increasingly difficult to operate as labour shortages, administrative bottlenecks and mounting payment delays begin to reinforce one another, according to the Limassol Chamber of Commerce ...

The state statistical service (Cystat) has announced a revision of Cyprus’ quarterly house price index to improve accuracy and better reflect real estate market trends, releasing an accompanying analytical report ...

Cyprus’ Commission for the Protection of Competition (CPC) has unanimously approved, subject to binding conditions, the acquisition of ExxonMobil Cyprus Limited by Petrolina (Holdings) Public Limited through Med Energywise Ltd, ...

By Michael Ioannou The most devastating burglaries today don’t require a crowbar; they require patience. We often imagine hackers as frantic typists in dark hoodies, but the modern financial ...

Electricity tariffs remain a growing concern across Europe, with the European Commission now outlining seven targeted actions aimed at easing costs for households and businesses while strengthening the competitiveness of ...

Frederick University and Electi Consulting Ltd have successfully completed the technical implementation of the DYNAMO research project, a decentralised energy management platform designed to allow smart communities in Cyprus to ...

Construction material prices showed a modest year-on-year increase in November, according to a report by the Cyprus Statistical Service (Cystat). The Price Index of Construction Materials reached 118.63 units in November 2025, ...

Cyprus needs stronger coordination and closer, continuous monitoring of public projects to avoid delays and cost overruns by 2028, Fiscal Council president Michalis Persianis has warned, pointing to structural weaknesses in ...

The Enterprise Europe Network (EEN) Cyprus has launched a comprehensive survey to evaluate the satisfaction of small and medium-sized enterprises and to measure the positive impact of its support services ...

Innovate UK, in collaboration with the Enterprise Europe Network (EEN), is organising business-to-business (B2B) meetings during the Futurebuild 2026 Construction Sector Exhibition in London from March 3 to March 5, 2026. According to ...

The dry bulk freight market in 2025 delivered steadier, more restrained performance rather than the sharp peaks seen in previous cycles, reflecting a year of moderation rather than exuberance. Average daily ...

Eurobank on Thursday announced that its newly issued shares will begin trading on the Cyprus Stock Exchange (CSE) on December 19, 2025, marking a further step in the bank’s post-merger integration ...

Genikes Insurance was named the best general sector insurance company in Cyprus for the fifth consecutive year in 2025, after being recognised by two international awards bodies for its performance, customer ...

Cypriots top EU workers in average earnings Cypriot citizens earned more on average than EU nationals working on the island during 2022, according to an earning report released on Thursday by ...