Cyprus Business News

The Bank of Cyprus on Tuesday announced its preliminary financial results for 2024, reporting a profit after tax of €508 million. This marks a 4 per cent increase compared to the previous year, ...

The Deputy Ministry of Tourism has warmly welcomed Qatar Airways’ decision to ramp up its flights from Qatar to Larnaca Airport. According to a recent post, starting June 24, 2025, the airline ...

Deputy Minister for Shipping, Marina Hadjimanolis, announced this week that the Deputy Ministry of Shipping has integrated gender equality promotion activities into its operations. This initiative aligns with the United ...

The mobile gaming industry is witnessing a surge in innovation and investment, with Cyprus’ role within it growing with every passing year. One of the key figures driving this momentum ...

Short-term rentals in Cyprus will come under the scrutiny of the House energy, trade, industry and tourism committee this week. The committee is set to discuss a number of issues ...

January 2025 marked a standout month for tourism in Cyprus, as the island welcomed 112,100 visitors, according to a report released on Monday by the state stastical service. According to the report, ...

The Cyprus Statistical Service (Cystat) on Monday announced the launch of its latest labour cost survey for the reference year 2024. This survey, conducted every four years, aims to collect important ...

Quarterly data from the Central Bank of Cyprus (CBC) on household assets and liabilities have shown a shift in financial asset distribution. This trend may have been influenced by the ...

The Bank of Cyprus’ board of directors is convening today, February 17, to review the preliminary financial results of the group. The bank will release the official announcement related to the ...

Short-term rentals in Cyprus will come under the scrutiny of the House energy, trade, industry and tourism committee this week. The committee is set to discuss a number of issues ...

Access to high-performance computing has long been a barrier for creative professionals, engineers, and businesses. LoLa Cloud PCs, founded by Cypriot entrepreneur Rogiros (Roger) Theophanous, is on a mission to ...

Here are the top business stories in Cyprus from the week starting February 10: Cypriot banks have lowered their key interest rates, with expectations of further reductions throughout 2025, in response to ...

Cyprus’ economy grew, albeit at a slower pace, during the fourth quarter of 2024, with GDP increasing by 2.6 per cent compared to the same quarter of the previous year. According to ...

The total weight of goods transported by road within Cyprus rose by 9.9 per cent in the third quarter of 2024, when compared to the same period in 2023, according to a report ...

Cyprus’ economy grew, albeit at a slower pace, during the fourth quarter of 2024, with GDP increasing by 2.6 per cent compared to the same quarter of the previous year. According to ...

Atlantic Insurance is expected to report a slight increase in its consolidated financial results for 2024, according to an announcement published on the Cyprus Stock Exchange (CSE). Based on currently available ...

President Nikos Christodoulides this week announced a €122 million initiative designed to significantly enhance infrastructure and public services throughout the Famagusta district. The president outlined the details of this plan, wihch ...

The latest reports from the three major credit rating agencies show a general improvement in the ratings of banks in both Cyprus and Greece. According to a report from local ...

Budget airline Wizz Air on Friday announced that it has exceeded 9 million passengers travelling to and from Larnaca international airport. The announcement of the milestone comes as the airline recently ...

The number of building permits issued in Cyprus in September 2024 recorded a year-on-year decline of 30.9 per cent, according to data released this week by the state statistical service. The decrease ...

The Bank of Cyprus this week presented its revamped branch network model, inaugurating its newly renovated branch on Archbishop Makarios III Avenue in Nicosia. Retail Banking Director Theodosis Theodosiou explained ...

INXY Payments, an EU-authorised payment platform bridging together traditional finance and the crypto economy, has successfully closed a $3 million investment round led by Flashpoint VC with participation from prominent angel ...

Hong Kong investor Balram Chanrai is steadily increasing his ownership of Agros Development Company ‘Proodos’ Public Ltd, which owns the Rodon hotel in Agros. Based on the announcements on the ...

The Bank of Cyprus this week presented its revamped branch network model, inaugurating its newly renovated branch on Archbishop Makarios III Avenue in Nicosia. The event, held on Wednesday afternoon, ...