Cyprus Business News

Cyprus aims to reduce conventional vehicle use from 97 per cent to 70 per cent by 2030, under its National Energy and Climate Plan (NECP), requiring the registration of 85,000 electric vehicles. However, with ...

Many hotels across Cyprus’ tourist areas have undertaken partial or extensive upgrades in recent years, despite challenges facing the tourism sector. Hotel industry representatives highlight that Cyprus relies on its ...

Two major investment funds, CarVal Investors and Caius Capital LLP, have significantly reduced their holdings in the Bank of Cyprus in recent months, marking a controlled divestment process, according to ...

The European Union (EU) is facing challenges that raise concerns about its competitiveness, according to Andreas Antoniades, Secretary-Director of the Nicosia Chamber of Commerce and Industry (Evel). Antoniades points to ...

A Troika delegation, consisting of representatives from the European Commission, the International Monetary Fund (IMF), and the European Central Bank (ECB), has arrived in Cyprus for a series of meetings ...

The Bank of Cyprus (BoC) on Monday announced that it has received the title of ‘Best Private Bank Cyprus 2025‘ by Global Banking & Finance Review magazine. The bank said that ...

The Cyprus International Businesses Association (CIBA) has sent a letter to Finance Minister Makis Keravnos, raising a series of questions regarding the proposed tax reform and its impact on foreign ...

That was the headline following the publication in December of a ‘Joint Employment Report (JER)’ by the European Commission (EC) that provides an annual overview of key employment and social ...

Here are the top business stories in Cyprus from the week starting March 10: Out of 741 tourist units preparing to reopen in Cyprus, only 100 have secured a licence, accounting for just 13.5 ...

Real estate agents and their assistants in Cyprus face uncertainty over their professional licences following a decision by the Cyprus Real Estate Agents Registration Council to revise the requirements for ...

Analysts covering the Bank of Cyprus have significantly raised their price targets following the release of the bank’s preliminary financial results for 2024. All recent revisions indicate a more optimistic ...

The highly anticipated InvestPro Cyprus Limassol 2025, organized by Bosco Conference, is set to take place on April 7, 2025, in the business hub of Limassol, Cyprus. This event will bring together top ...

Deputy Minister of Tourism Kostas Koumis has held consecutive meetings with the ambassadors of Egypt and Qatar in Cyprus to discuss strengthening tourism cooperation between the countries. According to a ...

The Cyprus Employers and Industrialists Federation (Oev) announced on Friday that George Pantelides, head partner at Deloitte and current deputy president of the federation, will assume the role of president ...

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 ...