Cyprus Business News

Cyprus is stepping up efforts to strengthen the overall quality of its tourism offering as the sector prepares for a new phase of development, Deputy Minister of Tourism Kostas Koumis ...

Cyprus’ property valuers association has recommended that investment funds, including the social insurance fund and other private schemes, participate in the construction of 500 new affordable housing units. The association argued ...

The Deputy Ministry of Tourism and the Deputy Ministry of Research, Innovation and Digital Policy are organising a conference to highlight the capabilities and prospects offered by artificial intelligence (AI) ...

Eurobank and National Bank of Greece are positioned at the top of the European banking ranking for return on equity, according to a pan-European report from UBS, which confirmed the ...

A total of 500 new housing units for rent or sale will be created in Nicosia, Larnaca, Limassol and Paphos, President Nikos Christodoulides said on Tuesday. “This is an important measure ...

Sales of property to foreign buyers surged in the third quarter of 2025, according to the Residential Property Price Index (RPPI) report published on Tuesday by the Central Bank of Cyprus (...

Demetra Holdings Plc informed investors on Tuesday that it completed a purchase of 7,800 of its own shares as part of a buyback programme. This follows previous authorisation from its annual ...

Cyprus air travel saw significant monthly passenger traffic throughout the summer of 2025, according to data on air transport published by Eurostat this week. The report showed that the total number ...

The Cypriot banking sector’s non-performing loan (NPL) ratio remained stable at 5.5 per cent at the end of August 2025, according to the Central Bank of Cyprus (CBC), confirming the financial ...

Cyprus’ business community urged the government this week to accelerate economic modernisation, as the Cyprus chamber of commerce and industry (Keve) outlined a wide set of proposals at its 98th ...

Cyprus is moving to strengthen infrastructure, regulation and environmental standards as part of a new strategy to turn diving tourism into a core pillar of its tourism offering, according to ...

Cyprus-based Columbia Shipmanagement has renewed its commitment to advancing gender diversity at sea, following a full day of dialogue and reflection at the She Beyond Conference in Manila, where female ...

Piraeus remains Europe’s fifth-largest container port, holding its position despite the severe disruption caused by attacks in the Red Sea and the extensive rerouting of vessels around Africa. Although ...

Greek retailer Jumbo Group maintained its growth trajectory in November 2025, even as it operated against last year’s exceptionally strong comparison base. Despite that, the company recorded a sales increase ...

GamesUp42 has grown from a young studio into one of the most dynamic gaming ecosystems operating out of Cyprus, and its story reflects the island’s rapid rise as a ...

Cyprus’ startup community will gather in Nicosia on December 16, for the second session of From Zero, an event designed to explore what it takes to grow, exit, and rebuild a ...

Eurobank and Petrolina were honoured by the Cyprus-Greece Business Association for investments that are helping expand business relations between the two countries. According to an announcement released on Monday, the ...

Cyprus set out its priorities for the upcoming EU Council Presidency as Deputy Minister of Research, Innovation and Digital Policy Deputy Minister Nicodemos Damianou joined his European counterparts at the ...

Cyprus saw a robust rise in electric and hybrid vehicles between January and November 2025, according to figures published on Monday by the state statistical service (Cystat). The report showed that ...

Eurobank on Monday announced that it has been named Bank of the Year 2025 by the internationally recognised magazine The Banker. According to the announcement, the award “reflects Eurobank’s solid ...

Cyprus’ commercial property market is becoming more defined this year, as Limassol continues to command premium prices while Nicosia records the most activity, according to a report released on Monday ...

The board of state-owned asset management company Kedipes on Monday announced that it has approved the appointment of Onisiforos Onisiforou as an independent non-executive member. The appointment came into effect ...

The Cyprus Research and Innovation Centre (CyRIC), as coordinator of the MultiLab project, which operates under the EU’s Horizon Europe programme, on Monday announced the successful delivery of its ...

Cyprus recorded one of the strongest performances in the European Union in the third quarter of 2025, with seasonally adjusted GDP rising by 0.9 per cent compared with the previous quarter, according ...