Cyprus Business News

Eurobank Cyprus on Friday announced that it posted a net profit after tax of €214 million in 2024, marking a €14.6 million increase from the previous year, corresponding to a rise of 7.3 per ...

The Deputy Ministry of Tourism has expressed satisfaction with its participation at the ITB Berlin tourism conference this week, where minister Kostas Koumis led the Cypriot delegation. According to an ...

US Ambassador to Cyprus Julie Davis this week highlighted the crucial role of American investments in Cyprus’ economic development. Speaking at an event at Neapolis University Paphos titled “USA – Cyprus: ...

The Cypriot real estate market saw significant activity in January 2025, with the 50 largest property transactions amounting to €30.1 million, according to real estate analytics firm Ask Wire. The company on Friday ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday issued a warning about a surge in fraudulent activities where individuals falsely claim to represent the regulatory body. These scammers, posing ...

The House on Thursday afternoon passed the National Betting Authority (NBA) and e-health authority budgets for the fiscal year 2025. The NBA’s budget, approved by 36 MPs, projects total expenditures to ...

The Bank of Cyprus on Thursday announced that it has received the Quality Recognition Award from global financial services firm JP Morgan Chase. The award, which the Bank of Cyprus ...

The turnover index for transport and storage in Cyprus increased by 1.6 per cent in 2024 compared to the previous year, according to a report released this week by the Cyprus Statistical ...

The industrial turnover index in Cyprus recorded a 1.6 per cent increase in 2024 compared to the previous year, according to a report released this week by the Cyprus Statistical Service. In ...

The value of bounced cheques remained at the same level as the previous month in February 2025, with an increase in the number of cheques issued, according to the Central Bank ...

Deputy Minister of Research Nicodemos Damianou has called for increased public funding and private investments in cybersecurity for small and medium enterprises (SMEs), during an informal EU telecommunications ministers’ meeting. ...

Non-performing loans (NPLs) in the Cyprus banking system remained stable in November 2024, standing at €1.61 billion, according to data released by the Central Bank of Cyprus (CBC) on Thursday. The total ...

Cyprus’ Consumer Price Index (CPI) saw an increase in February 2025, pushing the annual inflation rate to 1.9 per cent, according to the latest figures from the state statistical service. Specifically, the ...

Cyprus’ Larnaca and Paphos airports achieved a milestone in passenger traffic during February, surpassing half a million passengers, according to the Transport Ministry. Specifically, the two airports welcomed a total ...

The PwC Cyprus Foundation on Thursday announced the successful completion of its Scale Up 2 Programme, a global PwC initiative designed to accelerate the growth of promising startups. This year, for ...

The House is set to vote on Thursday afternoon on the National Betting Authority (NBA) budget law of 2025. The proposed budget aims to establish a surplus of approximately €514,000 by allocating €55,602,239 ...

The Cyprus Securities and Exchange Commission (CySEC) has approved Eurobank’s public offer document for the acquisition of up to 100 per cent of Hellenic Bank’s issued share capital. The ...

The Energy Ministry this week announced that Eni Cyprus Limited is offering scholarships for postgraduate studies in energy and environmental management. This initiative, the ministry explained, is part of the ...

The Bank of Cyprus on Thursday announced that it has received the Quality Recognition Award from global financial services firm JP Morgan Chase. The award, which the Bank of Cyprus ...

The Institute of Certified Public Accountants of Cyprus (ICPAC) has developed a structured process to draft an official document outlining its positions and recommendations on the preliminary tax reform framework ...

The turnover of most economic sectors in Cyprus recorded an increase in 2024, reflecting the country’s broader economic growth, which has been driven by key industries such as tourism and ...

Konstantin Zapolianski, Senior Investment Director at Zubr Capital, recently spoke to the Cyprus Mail about Cyprus’ growing potential as a destination for technology and digital industries. With the ICT sector ...

New loans in Cyprus saw a significant decline in January 2025, with total net new lending dropping to €318.7 million from €592 million in December, according to a report released by the Central ...

The outlook for tourism in the Famagusta district is highly promising, according to Ayia Napa Mayor Christos Zannettou, who is attending the ITB Berlin 2025 tourism exhibition. In a statement, the ...