Cyprus Business News

Invest Cyprus issued a statement on Monday underscoring the significance of five strategic Memoranda of Understanding (MoUs) signed on January 8 at the Egyptian presidential palace in Cairo. These agreements were ...

The number of government employees in Cyprus has experienced an increase over recent years, according to a report released on Monday by the state’s statistical service. Specifically, the total ...

The number of short-term rental properties has seen significant growth across Cyprus, according to data shared with the House of Representatives by the Deputy Ministry of Tourism. Deputy Tourism Minister ...

Hellenic Bank on Monday announced the launch of a new mortgage product offering fixed interest rates. This has been rolled out alongside a new rewards programme that the bank described ...

Kyndryl, the world’s largest IT infrastructure services provider and actively present in Cyprus, this week announced the launch of The Kyndryl Institute. According to the announcement, the institute aims ...

Vehicle registrations in Cyprus rose by 9.1 per cent in 2024, reaching 49,616 compared to 45,494 in 2023, according to the state’s statistical service. Electric vehicles accounted for 4.0 per cent of registrations, up from 2.7 ...

The need for enhanced collaboration between public authorities and private enterprises was emphasised during the recently held ‘Beyond Sea & Sun’ conference. The event, organised by Hermes Airports with the ...

Two leading airlines, Wizz Air and Emirates, are offering employment opportunities in Cyprus, with open recruitment events scheduled this January for cabin crew positions. Wizz Air announced its Cabin Crew ...

The Housing Price Index (HPI) in Cyprus rose by 2.7 per cent in the third quarter of 2024, compared to the same period in 2023, marking the eleventh consecutive quarter of annual growth. ...

There is a favourable investment landscape for 2025, with expectations of growth and stability, according to two local experts. Spyros Ierides, CFA and fund management director at CISCO, and George Charalambous, ...

Here are the top business stories in Cyprus from the week starting January 7: The Cypriot property market demonstrated resilience in 2024, despite facing numerous challenges that are expected to persist into 2025. ...

Demetra Holdings shareholders have approved a resolution to sell the company’s shares in Hellenic Bank to Eurobank, according to an official statement released on Friday. The statement, which was ...

The value of bounced cheques in Cyprus saw a significant decline in 2024, dropping by €1.15 billion to €617,873. This compares to €1.77 million in 2023, according to figures released on Friday by the Central ...

Hermes Airports CEO Eleni Kaloyirou on Friday said that Cyprus needs to adapt to evolving travel trends and transportation demands, particularly as climate change and shifting traveller preferences reshape the ...

Demetra Holdings shareholders have approved a resolution to sell the company’s shares in Hellenic Bank to Eurobank, according to an official statement released on Friday. The statement, which was ...

Alexandros Iosifidis, a seasoned engineer with 30 years at the Cyprus Shipping Chamber (CSC), has been appointed its new director general, effective from April 1, 2025. He succeeds Thomas Kazakos, who is slated ...

Cyprus’ two international airports experienced record-breaking passenger traffic in 2024, according to the Transport Ministry. The Larnaca and Paphos airports combined saw a 5.6 per cent increase in traffice when compared to 2023, ...

Cyprus recorded the highest monthly increase in retail turnover among EU member states in November 2024, according to preliminary data released on Thursday by Eurostat. Retail turnover in Cyprus grew by 2.3 ...

Cyprus’s trade deficit fell by €769 million in the first 11 months of 2024, reaching €7.14 billion compared to €7.91 billion in the same period of 2023, according to preliminary data from the statistical service. ...

The Central Bank of Cyprus (CBC) announced this week that it has started to accept instant payments on behalf of itself and its clients, including certain government departments and state ...

Limassol’s mayors and business leaders convened this week to discuss their demands for increased state funding and a “sharper strategic focus” from the government. They argued that Limassol, a ...

Beer deliveries in Cyprus grew by 1.8 per cent in 2024, reaching a total of 42.9 million litres, according to figures released on Thursday by the Cyprus Statistical Service (Cystat). Domestic beer deliveries ...

Cyprus surpassed other European countries like Croatia, Bulgaria, and Slovenia in short-term rental growth during 2024, according to Eurostat. The EU’s statistical office reported this week that short-term bookings in ...

The Cyprus Securities and Exchange Commission (CySEC) this week issued a warning to investors regarding ten websites that are not authorised to provide investment services or perform investment activities. The ...