Cyprus Business News

Ermes Department Stores Plc on Wednesday provided additional details regarding its strategic direction and ongoing operations, following the transfer of its ERA department store activity to Gencom Ltd. The company’...

Hellenic Bank on Wednesday announced a reduction in its base interest rate by 0.33 percentage points, from 1.75 per cent to 1.42 per cent, effective from May 16, 2025. “This move will benefit the majority ...

Hellenic Bank has received dual environmental certifications this year, according to an official announcemnet released this week. The announcement noted that this “affirms its ongoing commitment to environmental protection and ...

The Central Bank of Cyprus (CBC) has announced that it is accepting applications for the permanent posts of Officer Second Class. The vacancies are available in the Information Technology Department, ...

Global AI chipmaker Tenstorrent took its first concrete step toward establishing a presence in Cyprus during a strategic visit hosted by the office of the Chief Scientist for Research, Innovation ...

Achieving gender equality in science, technology, engineering, arts and mathematics (STEAM) is essential for the resilience and progress of society, Gender Equality Commissioner Josie Christodoulou said during Cyta’s ‘Women ...

The Cyprus Borrowers Association (Syprodat) has expressed concern over ongoing discussions in the House Internal Affairs Committee regarding the long-standing issue of trapped property buyers. In a statement released this ...

Companies in the ready-mix concrete sector in Cyprus met on Saturday, May 10, to formally re-register and relaunch its industry association. According to an announcement released this week by the Cyprus ...

Cocoa prices, which soared to historic highs last year due to crop failures in Cote d’Ivoire and Ghana, are now expected to fall sharply by the end of 2025, offering ...

A private education project worth over €50 million is advancing in Polemidia, Limassol, with construction preparations under way for a new school funded by the Yael Foundation. Work is expected to ...

Cyprus is projected to become one of the first countries in the world to go fully cashless, according to a new global study by Merchant Machine. In addition, the study ...

The Bank of Cyprus on Monday posted a profit after tax of €117 million for the first quarter of 2025, marking an increase of 9 per cent compared to the previous quarter. In ...

Hellenic Bank has received dual environmental certifications this year, according to an official announcemnet released this week. The announcement noted that this “affirms its ongoing commitment to environmental protection and ...

The value of bounced cheques in Cyprus dropped sharply in April 2025, with only €22,860 recorded from 23 dishonoured cheques, according to data released on Monday by the Central Bank of Cyprus (CBC). ...

European financial technology provider payabl. on Monday announced that it will return as a Platinum Partner at Reflect Festival 2025, Cyprus’ largest and most influential event focused on technology and entrepreneurship. ...

The highest average interest rate on new floating-rate housing loans reached 5.24 per cent in March, according to a report published on Monday by the Central Bank of Cyprus (CBC). This ...

Cyprus is stepping up scrutiny of influencers, YouTubers and other public figures, as tax and consumer protection authorities intensify efforts to tackle undeclared income and misleading advertising. Using advanced digital ...

Total government employment in Cyprus increased by 237 persons, a rise of 0.4 per cent, in April, compared to the same month in 2024, reaching a total of 55,490 employees, according to the state ...

Cyprus recorded a trade deficit of €1.85 billion in the period from January to March 2025, marking a rise from the €1.71 billion deficit registered during the same period in 2024. Total imports of ...

Larnaca has begun work on what is expected to become one of Cyprus’ most important cultural landmarks, a €30 million Art and Design Centre set to be completed by 2030. Designed by ...

The Cyprus Real Estate Agents Registration Council on Monday welcomed the court’s decision to convict two Hungarian nationals for their involvement in the illegal promotion and sale of Greek ...

The Central Bank of Cyprus (CBC) and its financial ombudsman service received 154 formal complaints from bank customers in 2024, according to the CBC’s annual report. The majority of these complaints, ...

Cyprus continues to lag behind most EU countries in gender equality, according to findings presented at a recent event co-organised by the Labour Ministry and the Cyprus Institute of Chartered ...

Deputy Shipping Minister Marina Hadjimanolis on Monday travelled to Szczecin, Poland, for a working visit. While there, she will attend the informal council of ministers responsible for shipping, held under ...