Cyprus Business News

Brussels has placed Temu under the spotlight, accusing the fast-growing e-commerce platform of breaching EU rules on illegal product listings, a charge the company has pledged to address in full ...

Bolsterup, a startup with Cypriot roots, announced that it has been accepted into the NVIDIA Inception Program, a global initiative that supports startups developing cutting-edge technologies across industries. “We’re ...

The average gross monthly earnings of employees in Cyprus reached €2,509 during the first quarter of 2025, according to a report from the state statistical service released on Tuesday. This reflects a 5.4 ...

The island’s number one real-estate platform, BuySell, in collaboration with AXIA Chartered Surveyors, has completed the largest and most comprehensive study of property sale prices ever conducted in Cyprus. ...

Price reductions were recorded in 37 product categories, of which 29 are included as categories in the “e-kalathi” platform, according to the new consumer product price observatory for June 2025, published by the ...

Rostro Group and Rostro Foundation have jointly pledged €100,000 to support humanitarian and environmental relief efforts following one of the most destructive wildfires Cyprus has seen in over 50 years. According to ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a warning about malicious websites falsely claiming to be associated with the regulator and offering to recover investment losses for investors. ...

Agros Development Company “Proodos” Public Ltd on Tuesday announced the payment of a dividend amounting to €338,148 to its shareholders. According to a filing on the Cyprus Stock Exchange (CSE), the ...

Atlantic Insurance Company Public Ltd on Tuesday issued a profit warning for the first half of 2025, informing shareholders and the broader investment community that its group results will be significantly ...

As part of its strategic renewal, Safe Bulkers, the Limassol-based shipping company led by Polys Hajioannou, has sold the ‘Pedhoulas Leader’ for $12.5 million, marking another step in its transition to ...

The Cyprus Chamber of Commerce and Industry (Keve) and the Cyprus Compliance Association (CCA) have signed a Memorandum of Understanding (MoU), according to an official announcement. Keve explained that the ...

Cypriot businesses that consistently violate tax laws may soon find their premises sealed for at least 48 hours under a new enforcement tool granted to the tax department, if parliament passes ...

Petroleum product sales in Cyprus rose by 10.4 per cent in June 2025 compared to the same month last year, reaching 140,669 tonnes, according to a report released by the state statistical service (...

GDEV, a global gaming and technology company headquartered in Cyprus, on Monday announced a €100,000 donation to support wildfire recovery efforts on the island. The company has also launched an AI-powered ...

The Bank of Cyprus (BoC) on Monday announced that its board of directors will meet on August 4, 2025, to examine the financial results for the Bank of Cyprus Group for the ...

Total deposits in Cyprus recorded a net increase of €654.7 million in June 2025, compared to a net increase of €20.8 million in May 2025, according to data released by the Central Bank of ...

The Cyprus Securities and Exchange Commission (CySEC) has released its annual statistical bulletin for 2024, providing a detailed overview of the performance of the regulated entities under its supervision. In its ...

MHV Mediterranean Hospitality Venture Plc, a leading player in the hospitality and real estate space, on Monday announced the approval of a new bond loan programme and subscription agreement amounting ...

Bank of Cyprus Holdings Public Limited Company (BOC Holdings) has announced the completion of its acquisition of 100 per cent of Ethniki Insurance Cyprus Ltd, following a binding agreement signed with ...

The Research and Innovation Foundation (RIF), in collaboration with the Deputy Ministry of Research, Innovation and Digital Policy, on Monday announced the launch of a new flagship funding programme titled ‘...

Cypriot businesses that consistently violate tax laws may soon find their premises sealed for at least 48 hours under a new enforcement tool granted to the tax department, if parliament passes ...

Limassol-based marine fuel trading firm Island Oil has opened a new international trading office in Dubai, marking its seventh trading desk globally and strengthening its presence across key marine fuel ...

The European Union’s extension of its Emissions Trading Scheme (ETS) to shipping has sent ripples across Mediterranean ports, and even Cyprus is feeling the undercurrents.  Starting January 1, 2024, any vessel ...

Here are the top business stories in Cyprus from the week starting July 21: Sek general secreatary Andreas Matsas on Monday issued a strong defence of the Cost of Living Allowance (...