Cyprus Business News

IKEA Cyprus is joining a new wave of price cuts announced on Tuesday as the Swedish furniture retailer seeks to revive demand amid rising housing costs and squeezed household budgets. ...

Cyprus’ tourism revenue rose by 0.2 per cent in June 2026, despite tourist arrivals falling by 1.7 per cent, as higher spending per visitor offset the drop in visitor numbers. Specifically, tourism revenue ...

The Stelios Philanthropic Foundation announced up to €260,000 in direct financial support for the families of those killed in the ferry sinking off the northern coast of Cyprus. Eight people have ...

Cyprus industrial output prices rose by 4.4 per cent year-on-year in July 2026, according to figures released by the statistical service (Cystat) on Monday. The index reached 128.2 units, using 2021 as a base ...

Cyprus recorded a general government fiscal surplus of €770.6 million in the first seven months of 2026, equivalent to 2 per cent of GDP, according to preliminary figures released on Monday by the ...

Higher visitor spending offsets drop in UK and other European markets Cyprus’ tourism revenue rose by 0.2 per cent in June 2026, despite tourist arrivals falling by 1.7 per cent, as higher spending ...

Four ERA department stores in Cyprus changed hands for a nominal €1 after Gencom Ltd agreed to take over their leases, staff and outstanding supplier orders worth about €4 million. While the ...

The Corporate Cyprus Padel League will return for a second year with record participation and a new partnership with the Marcos Baghdatis Tennis Academy, according to an announcement from the ...

The Cyprus Treasury’s Power BI platform has attracted 537 unique users in the nearly five months since its launch, accountant-general Andreas Antoniades said. Speaking to the Cyprus News Agency (CNA), ...

Cyprus should focus not on being the biggest in artificial intelligence, but on being “the most agile”, while placing citizens and trust at the centre of its ambitions, according to ...

Eurobank announced on Monday that it spent €4.94 million repurchasing 1,077,536 of its own shares on Euronext Athens between August 24 and 28. The shares were acquired at an average price of €4.5820 each, according ...

Up to 400 ships carrying around 6,000 seafarers remain unable to leave the Persian Gulf safely, six months after the Middle East conflict began, according to the International Maritime Organisation (IMO). IMO ...

Greek systemic banks have been placed among the European banking sector’s strongest performers by UBS, which has issued a buy recommendation on all four major Greek banking groups and ...

EU industrial production rebounded in 2025 after two consecutive annual declines, with the value of sold manufactured goods rising by 2.9 per cent in inflation-adjusted terms, according to a report from Eurostat. ...

Cyprus data expert says high-value services can rival software exports Cyprus can become a base for exporting high-value data expertise to technology companies across Europe and the United States as ...

Euro area consumers became slightly more optimistic about inflation and economic growth in July, although the latest European Central Bank (ECB) survey comes as Cyprus continues to face significantly stronger ...

Here are the top business stories in Cyprus from the week starting August 24: Reviving Cyprus’ villages requires more than new infrastructure, with investment in social life, culture and opportunities for ...

Cyprus employers reported 13,905 job vacancies in the first quarter of 2026, but that figure tells jobseekers how many positions businesses say they intend to fill, not whether every advert still appearing ...

Safe Bulkers extended the application deadline for its 2026 – 2027 scholarship programme to September 7, 2026, with ten scholarships worth €10,000 each available to students seeking a career in the maritime industry. The sixth annual ...

Egypt’s gas sector is running short of domestic supplies just as Cyprus prepares to become a producer, with the recently approved Kronos project offering benefits to both countries and ...

Cyprus’ industrial production increased by 0.3 per cent year on year in June 2026, according to figures released by the statistical service (Cystat). The overall industrial production index reached 117.6 units, against a ...

Larnaca is advancing heritage projects, digital tourism and accessibility improvements under its 2026 tourism action plan, with proposals ranging from a marine education centre at Pervolia Lighthouse, also known as the ...

President Nikos Christodoulides’ official visit to Kazakhstan has given a fresh boost to economic and business cooperation between the two countries, the presidency said. Christodoulides travelled to Astana in early ...

The Cyprus Shipping Chamber (CSC) has backed the proposed national artificial intelligence (AI) strategy, following a meeting with Chief Scientist for Research, Innovation and Technology Demetris Skourides. During the visit ...