Cyprus Business News

The Cyprus Property Developers Association and Interior Minister Constantinos Ioannou met this week to discuss a number of issues impacting Cyprus’ housing sector. These include delays in planning permits and ...

Hellenic Bank is preparing to launch a new voluntary early retirement scheme aimed at reducing its workforce by a substantial number of employees, with completion targeted by the end of 2025, ...

The Cyprus Composite Leading Economic Index (CCLEI), compiled by the Economics Research Centre of the University of Cyprus (CypERC), recorded a year-on-year increase of 2.3 per cent in December 2024. This marks ...

To tackle traffic congestion and improve urban development, the municipalities of Limassol, Amathus, and Polemidia have teamed up on a collaborative spatial planning initiative, aimed at enhancing the city’s ...

Cypriot natural gas will be extracted from under the sea for the first time in 2027, Energy Minister George Papanastasiou said on Monday. Speaking to Politis radio, he said he expects ...

Fuel sales in Cyprus showed a slight increase in 2024, with petrol station sales rising 2.4 per cent to 682,790 tons compared to 2023, according to a report released by the state’s statistical ...

Environmental, social, and governance (ESG) criteria are important factors when shaping a company’s strategy and brand image, according to the results of survey by Action Global Communications. The study, ...

The number of entities supervised by the Cyprus Securities and Exchange Commission (CySEC) has grown by 11.8 per cent over the past five years, according to the commission’s chairman George ...

Investors are increasingly eyeing Nicosia’s centre, where developments in universities, hotels, and office spaces signal revitalisation of one of Cyprus’ most historic areas. Recent local initiatives and rising investor ...

Takeover bids for public companies listed on the Cyprus Stock Exchange (CSE) have proven major drivers for activity, often offering prices significantly higher than market value and revitalising investor interest. ...

The Cyprus Securities and Exchange Commission (CySEC) is projecting a €2 million budget deficit for 2025, as its proposed budget is set to be discussed during a meeting of the House finance ...

Bank employees’ union (Etyk) on Monday announced plans to distribute €25 million to former and current employees of the Bank of Cyprus who were union members in 2011. According to a report ...

The Limassol Chamber of Commerce and Industry (Evel) has called for a comprehensive and environmentally conscious approach to the redevelopment of the Lady’s Mile area. It also underlined the ...

At the helm of its marketing vision is Chief Marketing Officer, Alina Miroshnychenko, who has recently won the prestigious Women Tabloid Award for Best Emerging Woman CMO, and has played ...

Under the leadership of CEO Liudmila Marochkina and supporting her team of professionals, the company has built a reputation for delivering end-to-end digital solutions tailored to meet complex challenges. Beyond ...

Here are the top business stories in Cyprus from the week starting January 20: Limassol has the highest rental prices in Cyprus, averaging €4,492 for houses, while Famagusta has the lowest, with ...

The number of Management Companies and Undertakings of Collective Investments (UCIs) in Cyprus stood at 323 during the third quarter of 2024, according to the Cyprus Securities and Exchange Commission (CySEC). Total ...

Cyprus has seen significant rise in foreign property purchases in recent years, with more than 37,000 properties sold to foreign buyers between 2021 and the end of 2024.  Specifically, property sales to foreign ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday hosted an online event to Alternative Investments Funds Managers (AIFMs). The event focused on the technical and regulatory aspects of AIFMD ...

The number of Management Companies and Undertakings of Collective Investments (UCIs) in Cyprus stood at 323 during the third quarter of 2024, according to the Cyprus Securities and Exchange Commission (CySEC). In ...

Hellenic Bank on Friday issued a warning to its customers to remain vigilant against phishing scams, following a resurgence of fraudulent activities targeting its clients. The bank said that fraudsters ...

A proposed law aims to tackle the issue of unlicensed hotels and tourist accommodations in Cyprus by offering a temporary operating licence for up to six years. Currently, just 12.69 per ...

Building permits in Cyprus saw a significant drop in August 2024, with only 183 permits granted, compared to 450 in the same month in 2023, according to data from the Cyprus Statistical Service (Cystat). ...

The Cypriot real estate market remained stable in 2024, compared to the year before, reflecting the challenges faced by the sector, according to the Cyprus Real Estate Agents Registration Council. In ...