Cyprus Business News

Cyprus and Egypt have taken a decisive step toward deepening maritime cooperation, following the first meeting of the Joint Maritime Committee (JMC) held in Limassol, October 15-16. The meeting marked ...

Cyprus spent €213.6 million on research and development (R&D) in 2023, equivalent to 0.68 per cent of GDP, according to data released by the Statistical Service (Cystat) on Thursday. This marks ...

Invest Cyprus on Thursday welcomed US-based technology company TKI to Cyprus following the merger between Hybrid ConsulTech, now renamed TKI EMEA, and TKI, a leading provider of enterprise-grade artificial intelligence ...

The Tax Department has issued a new circular clarifying when VAT should be charged on entry to concerts, performances, exhibitions and other cultural events, particularly when admission is combined with ...

Group CEO of payabl. Ugne Buraciene has been appointed as a non-executive director to the board of the CYENS Centre of Excellence, Cyprus’ leading research and innovation hub for interactive ...

Freedom Holding Corp., a global financial services and technology group and the parent company of Freedom24, is celebrating six years since its listing on the Nasdaq exchange. “Since 2019, the company ...

The average interest rates for household deposits in Cyprus remained unchanged in August, compared with the previous month, while rates for business deposits decreased, according to the Central Bank of ...

The Cyprus Land Development Corporation (Koag) has announced the launch of applications for its affordable housing scheme, covering the districts of Nicosia, Limassol, and Larnaca.  The application period began on ...

Succession remains the biggest challenge for family businesses in Cyprus and around the world, according to Renos Ioannides, managing director and head of the family business group at KPMG Cyprus. ...

The upcoming Cyprus Presidency of the Council of the European Union, set for the first half of 2026, is expected to deliver tangible benefits for the country’s hotel and tourism ...

President Nikos Christodoulides on Thursday addressed the 91st HOTREC general assembly in Paphos, highlighting the vital role of tourism in Cyprus’ economy, the country’s sustainable development strategy, and upcoming ...

British expatriates with substantial UK pension funds face a major change in the coming years. From April 2027, UK pensions will become subject to inheritance tax (IHT), a reform that could ...

The Cyprus Union of Shipowners (CUS) has appealed to EU Member States, and in particular to the Government of the Republic of Cyprus, to vote against the proposed International Maritime ...

Industrial production in the euro area and the European Union (EU) rose by 1.1 per cent year on year in August 2025, while Cyprus outperformed that rate with an annual increase of 2.4 ...

Cyprus will host one of the most significant events in the European tourism and hospitality industry this year, as the 91st General Assembly of HOTREC is set to take place ...

GlobalWealth Group PLC, a company registered and headquartered Cyprus, has announced the signing of a final investment agreement with the London-based Wealthyhood Ltd. The deal was completed on September 14, 2025, following ...

Cyprus marked the 65th anniversary of its independence with a celebratory event in London earlier this week, where Deputy Minister of Shipping Marina Hadjimanolis spoke on a number of key ...

Cyprus and the United Arab Emirates reaffirmed their commitment to strengthening bilateral economic relations and investment cooperation during a meeting between Cyprus’ Minister of Energy, George Papanastasiou, and the UAE ...

The top 100 most valuable real estate transactions in Cyprus during July and August 2025 totalled €201.4 million, according to data released by property technology firm Ask Wire, which monitors real estate transactions, ...

Finance Minister Makis Keravnos welcomed the International Monetary Fund’s (IMF) latest forecasts on Wednesday, saying they confirm both government projections and the continued strong performance and resilience of the ...

Cypriot banks hold the highest levels of liquidity in the eurozone but maintain the lowest loan-to-deposit ratio, according to the Cyprus Borrowers Association (Syprodat). The association said that “to strike ...

Building permits in Cyprus fell sharply by 58.4 per cent in June 2025, according to the Statistical Service (Cystat), reflecting a sharp slowdown in construction activity following administrative changes to the licensing ...

The Research and Innovation Foundation (RIF) celebrated Cyprus’ young innovators and future scientists during a special award ceremony held at the State Fairgrounds in Nicosia, as part of the 19th ...

Demetra Holdings Plc on Wednesday announced the completion of an own shares buyback, purchasing 4,907 shares at a weighted average price of 1.662 cents. The transaction details, shared on the Cyprus Stock ...