Cyprus Business News

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday welcomed the introduction of financial literacy in primary and secondary schools, calling it an essential step for the country’s ...

The Cyprus Development Bank (CDB bank) on Thursday issued a clarification regarding media reports suggesting that the company may be the subject of an acquisition. “There is nothing specific to ...

Non-profit organisation TechIsland on Thursday announced that it has distributed 615 air purifiers to households in wildfire-hit villages in Cyprus, as part of the collective programme announced in July in response ...

The Cyprus competition commission on Thursday confirmed reception of a notification that Alpha Bank S.A., either directly or through Alpha Finance Investment Services S.M.S.A., intends to ...

The Cyprus Securities and Exchange Commission (CySEC) announced the dissolution and liquidation of Wanterfell Investment AIFLNP V.C.I.C. Ltd following the total redemption of its units. The fund, ...

Retail trade volume in Cyprus rose strongly in July 2025, Eurostat data showed on Thursday, outperforming the broader euro area and European Union. In the euro area, the seasonally adjusted retail ...

The Consumer Price Index (CPI) in Cyprus increased by 0.39 points in August 2025, reaching 117.04 units compared with 116.65 units in July 2025, according to a report from the state statistical service. Despite this ...

Greek retailer Jumbo posted an 8 per cent year-on-year increase in sales for the January–August 2025 period, as August maintained the group’s upward across all markets despite inflationary pressures, higher ...

Cyprus is on track to surpass last year’s record tourism revenues and arrivals, after posting the strongest growth among its Euro-Mediterranean peers in the first half of 2025. The statistical ...

The Bank of Cyprus on Thursday announced that the European Bank for Reconstruction and Development (EBRD), its last remaining legacy shareholder, has sold its entire stake in the lender. The ...

Nicosia is pressing ahead with two major projects, the future of the old state fair grounds and the Sopaz redevelopment. According to a report from Philenews, the municipality is treating ...

The Cypriot government has approved an additional €12 million for an affordable housing project in Strovolos, the Interior Ministry said this week. The scheme, to be carried out by the Cyprus ...

Demetra Holdings Plc on Thursday announced that it proceeded with the repurchase of 3,000 of its own shares through the Cyprus Investment and Securities Corporation Ltd. The company stated that the ...

Consumer credit costs in Cyprus rose in July 2025 while overall new lending volumes fell sharply, according to the latest statistics released by the Central Bank of Cyprus. The figures, published ...

What it means for landlords and tenants By Pavlos Loizou, CEO of Ask Wire Interviewer: Andreas, whose house is this?  Andreas: Mine.  Interviewer: Who lives in it?  Maria: I do. ...

Bank employees’ union Etyk has issued a circular addressing growing speculation surrounding a potential takeover of the Cyprus Development Bank (CDB bank), stressing that it is monitoring developments closely. Etyk ...

The Cyprus Stock Exchange has announced that the shares of iDNA Genomics Public Ltd will continue to be presented with a special flag on the New Market due to significant ...

Cyprus’ Shipping Deputy Minister Marina Hadjimanolis took part in a ministerial panel at the 2nd Sustainable Maritime Industry Conference (SMIC) in Jeddah, Saudi Arabia, addressing global leaders on ‘Resilience, Cooperation, ...

The Cabinet on Wednesday approved new employment schemes aimed at strengthening the labour market and supporting citizens who remain outside the productive process. It was further announced that the schemes ...

The number of registered unemployed persons in Cyprus stood at 11,556 at the end of August 2025, according to data released on Wednesday by the Statistical Service (Cystat).  On a seasonally adjusted ...

Revenue from tourism in Cyprus rose by 9.6 per cent in June 2025, reaching €422.3 million compared with €385.2 million in the same month last year, according to the state statistical service (Cystat).  For ...

The Cyprus Stock Exchange (CSE) on Wednesday confirmed the suspension of trading in the shares of Louis Plc on the regulated market. According to the announcement, the decision was taken ...

The Cyprus Stock Exchange (CSE) on Wednesday released the members’ market shares for August 2025 and confirmed the suspension of trading for several listed companies on both the regulated and new ...

Cyprus will introduce financial literacy in primary schools from September 2025, using a children’s fairy tale to teach sixth graders the basics of money management.  The book, ‘70 Interest and a ...