Cyprus Business News

Business & economy wrap-up from the day before Eurobank Cyprus on Friday confirmed that its merger with Hellenic Bank is now fully underway, marking the creation of the new Eurobank ...

A team from Neapolis University Pafos was recently tanked in 79th place at the ICPC World Finals 2025, held in Baku, and also received the Honours distinction. The ICPC is a ...

Low-cost carrier Wizz Air on Friday announced that it will host two open day events for pilots and aspiring pilots in Larnaca this September. According to the announcement, both sessions ...

Limassol will host two major international trade union events in September, placing Cyprus at the centre of global maritime discussions. According to Omepege – Sek, which supports their organisation and represents ...

Bioland Promithia, part of Bioland Energy Group Ltd – one of the largest and fastest-growing renewable energy producers in Cyprus – has announced its participation in the Competitive Electricity Market (CEM), which ...

Telecommunications provider Cyta on Friday announced the departure of Andreas Neocleous from his role as chief executive officer, effective September 12, 2025. “During his tenure as CEO, Neocleous contributed decisively to Cyta’...

Rising construction costs and their knock-on effect on the housing shortage were at the centre of talks held in Brussels by Stephanos Pierides, secretary general of the Federation of Associations ...

The turnover value index for services and transport in Cyprus recorded mixed results in the second quarter of 2025 compared to the same period of 2024.  According to the state statistical service (...

Demetra Holdings Plc on Friday announced the buyback of 6,000 of its own shares, following a string of similar moves in recent weeks. The shares were purchased at a price of 1.68 ...

The European Central Bank (ECB) is under no pressure to cut interest rates further to achieve stable inflation, according to governing council member and Central Bank of Cyprus (CBC) governor ...

The IDEA Innovation Centre, which serves as a startup incubator and entrepreneurship hub, celebrated its tenth anniversary this week. According to an official announcement, the anniversary marks “a decade of ...

Alkis H. Hadjikyriacos (Frou-Frou Biscuits) Public Ltd posted a slight rise in first-half profit for 2025, with net earnings reaching €2 million compared with €1.95 million in the same period last year. Turnover ...

Eurobank Cyprus on Friday confirmed that its merger with Hellenic Bank is now fully underway, marking the creation of the new Eurobank Limited. In an official announcement, the new entity ...

Cyprus’ Chief Scientist Demetris Skourides has completed his first official visit to Saudi Arabia, according to a statement released this week. According to the announcement, the mission focused on strengthening ...

Louis plc held its 26th annual general meeting (AGM) on Thursday, discussing on a number of issues, including the company’s growth, future challenges, and reorganisation plans. In addition, shareholders ...

The Cyprus International Businesses’ Association (CIBA) on Thursday submitted its positions on the proposed tax reform bills as part of the government’s public consultation process. According to CIBA, its ...

Lordos United Public Ltd has announced that its board of directors will meet on September 23, 2025. The company said the meeting will include an examination of the report for the first ...

Demetra Holdings Plc on Thursday announced the repurchase of a further 2,351 of its own shares. According to a filing on the Cyprus Stock Exchange (CSE), the shares were purchased at ...

The Cyprus International Businesses’ Association (CIBA) on Thursday submitted its positions on the proposed tax reform bills as part of the government’s public consultation process. According to CIBA, its ...

Cyprus saw a continued rise in business activity in 2023, with the number of enterprises climbing by 4.5 per cent to 125,152 compared with 119,816 in 2022, according to the Statistical Service (Cystat). This increase ...

Total government employment in Cyprus reached 52,661 persons in August 2025, marking an increase of 209 individuals or 0.4 per cent compared with August 2024, according to the Statistical Service (Cystat).  Employment in the civil ...

Greece’s maritime employees’ pension fund, (NAT) presented its first study on ‘International good practices for the promotion of women’s maritime employment’ last week during the 89th Thessaloniki International ...

The Bank of Cyprus (BoC) on Thursday announced that on September 10, 2025, it successfully launched and priced an issue of €300 million unsecured and subordinated Tier 2 Capital Notes under its €4 billion Euro ...

Building applications received by the Larnaca district local government organisation (EOA) increased by 53 per cent in January-July 2025 compared to the same period last year. According to the organisation’s statistics, 1,295 ...