Cyprus Business News

Cyprus recorded one of the strongest budget surpluses in the entire European Union in 2024, coming in second only to Denmark and defying the deficit trend seen across the euro area ...

Government debt, measured as a percentage of gross domestic product (GDP), increased across the euro area and the wider European Union (EU) at the end of the second quarter of 2025, ...

The Central Bank of Cyprus (CBC) on Tuesday reported total assets of €30.07 billion as of September 30, 2025, according to its most recent financial statement signed by governor Christodoulos Patsalides. The statement ...

Eurobank’s decision to reacquire full ownership of Eurolife FFH Life Insurance has been described as a credit-positive development for the Greek lender, according to a Moody’s assessment. In ...

Cyprus’ general government recorded a fiscal surplus of €1.44 billion in 2024, equivalent to 4.1 per cent of GDP, according to audited data verified under the European Commission’s Excessive Deficit Procedure. According ...

Demetra Holdings Plc announced that it has completed the repurchase of 6,370 own shares at a price of 1.64 cents per share on October 20, through the Cyprus Investment and Securities Corporation Ltd (...

Petrolina (Holdings) Public Ltd has announced the passing of its executive chairman of the board of directors Costakis N. Lefkaritis, who died on October 20, at the age of 82. The company ...

Cyprus’ next generation of roboticists took centre stage at this year’s Robotex MRC 2025 Awards Ceremony, organised by the Cyprus Computer Society (CCS) and hosted by the Bank of Cyprus (...

Cyprus recorded a GDP per inhabitant of €37,100 in purchasing power standards (PPS) in 2023, according to Eurostat data published this week. The figure stood just below the EU average of €38,100 PPS, ...

The International Chamber of Shipping (ICS) expressed disappointment following the conclusion of the International Maritime Organisation’s (IMO) Extraordinary Session of the Marine Environment Protection Committee (MEPC) in London, where ...

The Cyprus Chamber of Commerce and Industry (Keve), as coordinator of the Enterprise Europe Network Cyprus, this week released a statement on the upcoming brokerage event “HoReCa – ENOEXPO 2025”. The event ...

The Cyprus Statistical Service (Cystat) announced this week the launch of the European Statistics Competition 2025-2026. “Following another record-breaking year with approximately 27,000 participants, the European Statistics Competition will take place ...

Cyprus has officially introduced a new immigration framework that allows student pilots and aircraft mechanics to enter the country under student status, a move that brings it in line with ...

The Cyprus economy grew by 3.9 per cent in real terms in 2024, according to revised national accounts data released on Monday by the state statistical service (Cystat). At current prices, Gross ...

The Central Bank of Cyprus (CBC) marked European and World Statistics Day 2025 on Monday, joining institutions across Europe and beyond in celebrating the vital role of official statistics in modern ...

Construction material prices in Cyprus rose by 1.44 per cent in September 2025, compared with the same month last year, even as costs remained largely stable from August. Specifically, the Cyprus Statistical ...

Cyprus is stepping into the global spotlight as a new centre for Earth observation, driven by a €38 million European research project that combines cutting-edge satellite technology with scientific expertise.   Based ...

The Cyprus Property Developers Association is promoting the establishment and registration of the profession of Land Development Entrepreneur, having already submitted a formal proposal to the Ministry of Interior.  The ...

Two major investment-focused events are coming up in December and January, both organised by IMH, aiming to attract investment and high net worth individuals (HNWIs) to Cyprus.  The first, the ...

Low-cost carrier Wizz Air announced on Monday that it will launch a new direct route between Larnaca and Bratislava, beginning on January 12, 2026. The airline said flights will operate three times ...

The leadership of the Cyprus-Greece Business Association, which operates under the auspices of the Cyprus Chamber of Commerce and Industry (Keve), recently met with new ambassador of Greece to Cyprus, ...

Tototheo Global released a statement on Monday recapping its participation at the recently held Maritime Cyprus 2025 conference. The company stated that it “reaffirmed its position as a leading maritime technology ...

The International Chamber of Shipping (ICS) expressed disappointment following the conclusion of the International Maritime Organisation’s (IMO) Extraordinary Session of the Marine Environment Protection Committee (MEPC) in London, where ...

The financial world is undergoing a “radical transformation” driven by new technologies like artificial intelligence (AI), open finance, and Big Data analytics, according to Panikkos Vakkou, Vice Chairman of the ...