Cyprus Business News

Cyprus’ wholesale trade sector recorded a slight increase of 0.4 per cent in the fourth quarter of 2024 compared to the same period in 2023, according to a report released by the Cyprus ...

Analysts covering the Bank of Cyprus have significantly raised their price targets following the release of the bank’s preliminary financial results for 2024. According to a report from Stockwatch, all ...

Cyprus’ newly proposed national hydrogen strategy has been put forward for consultation, aiming to align the country with the European Union’s broader hydrogen goals. However, according to energy professor ...

The professional services sector remains one of the key pillars of the Cypriot economy, significantly contributing to its growth. Limassol has emerged as the main hub for financial, legal, and ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday released a statement detailing its actions for this year’s Global Money Week 2025 (GMW 2025). According to the announcement, these include a ...

In the creatively charged atmosphere of Limassol-based Blackbook Agency’s headquarters, where each corner tells a story of innovation and bold vision, we caught up with founder and managing director ...

Tourism Deputy Minister Kostas Koumis this week announced a record-setting year for Cyprus’ tourism sector, with over 4 million visitors and revenues exceeding €3 billion. This growth has been fueled by a 6 ...

Alpha Bank’s senior leadership met with state officials and key business figures in Cyprus this week, in order to outline its growth strategy and expansion plans. According to an ...

Cyprus-based mobile gaming platform Skich has officially launched Skich Store, an alternative app marketplace designed to enhance game discovery and distribution for mobile gamers. Built specifically to cater to players’ ...

The total amount of loans held by credit acquisition companies in Cyprus stood at €20.3 billion at the end of 2024, down from €21 billion at the end of the first half of ...

What makes a business successful? Smart investments, the right partners, and knowing where the best opportunities are.   That’s exactly what InvestPro Cyprus Limassol 2025 is all about. Taking place in ...

A new issuance of Cyprus Treasury Bills (T-bills) will take place on Monday, March 17, 2025. The 13-week T-bills, maturing on June 20, 2025, are expected to attract strong demand once again, following recent ...

Cyprus’ real estate market continued its robust growth into February, with property sales increasing by 7 per cent year-on-year. Developments in Limassol and Larnaca were the primary driver behind this surge. ...

The Cyprus Hoteliers Association (Pasyxe) has expressed optimism about the upcoming tourism season, particularly due to an increase in bookings from Germany and Poland. Preliminary data from the association indicates ...

Cyprus’ trade deficit decreased by €213 million in 2024, reaching €8.25 billion, compared to €8.47 billion in 2023 and €7.12 billion in 2022. However, the trade deficit for January 2025 increased by €127.5 million, reaching €682.7 million, up from €555.2 million ...

The Cyprus Financial Literacy and Education Committee (CyFLEC) on Thursday announced that it is intensifying its efforts to promote financial literacy among young people and the broader society as part ...

Alpha Bank’s senior leadership met with state officials and key business figures in Cyprus this week, in order to outline its growth strategy and expansion plans. According to an ...

The number of building permits issued in Cyprus during October 2024 fell to 470, marking a 25.6 per cent decline compared to the 632 permits issued in October 2023, according to data released by the ...

Paphos and Famagusta have experienced the steepest increases in house prices in Cyprus, according to the Central Bank of Cyprus’ third-quarter report for 2024. In contrast, Limassol and Nicosia are experiencing ...

The Research and Innovation Foundation (RIF) on Wednesday announced that the submission process for two key funding programmes is currently underway. According to the announcement, the two programmes “aim at ...

Popular mobile strategy RPG Ludus: Merge Arena has surpassed five million players worldwide and is generating nearly $3 million in monthly revenue, according to an announcement released on Wednesday. The game ...

Cyprus has one of the lowest rates of online shopping complaints in the European Union, as only 14.7 per cent of its consumers reported issues, according to data released by Eurostat ...

The number of employees who chose to leave Hellenic Bank under its latest voluntary exit scheme fell significantly short of the target of 400 departures. The plan, introduced amid the bank’...

Cyprus’ tourism ministry this week launched the application process for a grant scheme aiming to enhance the qualitative and aesthetic appeal of Cyprus’ beaches. This initiative, according to the ministry, ...