Cyprus Business News

Ermes Department Stores Plc on Thursday announced the appointment of Grant Thornton Cyprus to prepare an independent opinion on a public takeover offer submitted by Cyprus Trading Corporation Plc (CTC), ...

The Cyprus Stock Exchange (CSE) on Thursday announced the upcoming suspension of trading in specific government Treasury Bills ahead of their formal delisting at the end of the month. The ...

Cyprus-based IT distributor Asbis on Thursday announced that its estimated consolidated revenues surged significantly in April, reflecting strong year-on-year growth. The company reported estimated revenues of approximately $444 million for April 2026, ...

Cyprus’ growing technology sector may be struggling to find skilled workers, but one of its largest untapped talent pools is already inside the system, speakers said during a panel discussion ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday announced that it completed the fifth cycle of its school financial literacy lectures, recording strong participation and growing interest from students ...

The European Commission on Thursday released a report forecasting a slowdown in Cyprus’ economic growth alongside rising inflation, as the Middle East conflict triggers a fresh energy shock. In its ...

Keith Witek, Chief Operating Officer of Tenstorrent, said sovereignty in the age of artificial intelligence is no longer only a political or regulatory question, but a practical question of which ...

Europe’s regulatory approach to technology came under scrutiny in Limassol this week, as policymakers and industry figures warned that the bloc risks falling further behind the United States and ...

Cyprus has moved beyond talking about becoming a technology hub, but its next challenge is harder: turning new AI infrastructure, global partnerships and university-led research into companies that can compete ...

KPMG Cyprus partner Christophoros Anayiotos said Cyprus’ technology sector has moved from the margins of the economy to one of its strongest engines of growth, contributing €5.9 billion, 16.2 per cent of ...

TechIsland chairman Valentinos Polykarpou said Cyprus’ transformation into a technology hub is no longer an aspiration but “a fact”, as he called for a broader investment in people to ensure ...

Cyprus-based entrepreneur Yannik Schmidt-Grimm, founder of dreamfactory Hospitality and guest automation platform Foyera, has outlined how building from Paphos shaped his company’s strategy, scaling approach and technological focus, as ...

Cyprus recorded a 51 per cent uptake of e-business applications in 2025, placing it close to the European Union average, according to a report from Eurostat. Across the EU, just over half ...

Cyprus recorded a year-on-year inflation rate of 3 per cent in April 2026, according to a report from Eurostat, as price pressures accelerated across the euro area and European Union. The figure ...

Cyprus’ housing market is showing renewed signs of pressure, with house prices and rents rising faster than the EU average, even though households on the island remain less burdened by ...

Global banking conglomerate HSBC this week released an investment report estimating that Greek banks remain among the primary beneficiaries of a more stringent monetary policy framework from the European Central ...

The Limassol regional tourism board (Etap Limassol) this week presented results from nine pilot actions under the HERIT ADAPT Interreg EURO-Med project, focusing on sustainable tourism and the impact of ...

The Cyprus Stock Exchange (CSE) has announced changes to the FTSE/CySE20 Index and broader CSE indices following a half-yearly review covering the period November 2025 to April 2026, according to an ...

Cyprus will host a major EU digital policy conference in Nicosia next month, bringing together government leaders, technology executives and academics to discuss the future of artificial intelligence and Europe’...

Cosmos Insurance Public Company Ltd on Wednesday issued a formal regulatory announcement confirming that its shareholders have officially approved a total dividend distribution of €1,000,000, following decisions made at its annual ...

Evripides Loizides has been re-elected as president of the Paphos Hoteliers Association, securing a renewed mandate for a new three-year term as the organisation looks to strengthen its role in ...

Greek lender Alpha Bank on Wednesday reported a strong operational performance in the first quarter of 2026, posting double-digit revenue growth and resilient profitability despite heightened geopolitical uncertainty, the bank announced. ...

Ten Bank of Cyprus (BoC) Visa cardholders, each accompanied by a guest of their choice, will travel to Athens this week to attend the EuroLeague Final Four 2026, one of Europe’...

Cyprus’ harmonised inflation rate rose in April 2026, according to a report from the Cyprus Statistical Service (Cystat), with energy and transport costs driving both annual and monthly increases. Specifically, the ...