Gaming CEO says Cyprus is ‘rocket fuel’ for global tech growth
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 ...
WISTA International engages at IMO Assembly as global maritime strategy reshaped
WISTA International marked its participation at the 34th International Maritime Organisation (IMO) Assembly, which concluded in London after 10 days of detailed discussions and planning for the next biennium.
The meeting, ...
Investment firm buys major real estate portfolio in Greece and Italy
Investment company Yoda PLC, listed on the Cyprus Stock Exchange’s New Market (NMD), has that certain of its subsidiaries finalised a series of transactions with Prodea Real Estate Investment ...
Cyprus calls time on outdated newsroom stereotypes
Cyprus advanced another action under its national strategy for gender equality this week, as the office of the Commissioner for Gender Equality hosted a two-day workshop for journalists on December 6 ...
Cyprus Business Now: weekly wrap-up
Here are the top business stories in Cyprus from the week starting December 1:
The International Maritime Organisation (IMO) has confirmed the composition of its next 40-member Council, electing countries across ...
Global fleet under pressure as seafarers leave in rising numbers, a concern for Cyprus’ maritime sector
The global shipping industry is facing an escalating human-resources crisis as more seafarers leave life at sea for work ashore, according to reporting by Paul Bartlett, who noted during a ...
Cyprus Business Now: fiscal, ICT, industrial turnover, employment, businesses
Cyprus’ government posted a €1.119 billion surplus for the January–October 2025 period, equivalent to 3.1 per cent of GDP, according to preliminary figures from the Statistical Service (Cystat).
This compares with a €1.3209...
Cyprus outlines decarbonisation priorities as EU ministers meet in Brussels
Cyprus called for sustainable, realistic and broadly supported global measures to accelerate the decarbonisation of shipping during the EU Council of Transport Ministers in Brussels, where Shipping Deputy Minister Marina ...
Cyprus businesses outperform EU as bloc’s profit share falls to 40%
The profit share of non-financial corporations in Cyprus reached 42.9 per cent in 2024, standing above the EU average of 40.1 per cent, according to Eurostat data published on Friday.
Across the bloc, ...
Employment in Cyprus rises by 1.4 per cent in the third quarter of 2025
Total employment in Cyprus reached 523,510 persons in the third quarter of 2025, according to provisional estimates released by the Statistical Service (Cystat).
Of this total, 470,755 were employees and 52,755 were self-employed.
Compared ...
Cyprus fiscal surplus reaches €1.119 billion in the first ten months of 2025
Cyprus’ government posted a €1.119 billion surplus for the January–October 2025 period, equivalent to 3.1 per cent of GDP, according to preliminary figures from the Statistical Service (Cystat).
This compares with a €1.3209...
Cyprus industrial turnover rises 5.6 per cent in September
The industrial turnover index in Cyprus reached 151.8 units in September 2025, marking an annual increase of 5.6 per cent compared with September 2024, according to figures released by the Statistical Service (Cystat).
For ...
Cyprus enterprises boost high-speed connectivity and expand use of AI and business software
Cyprus enterprises continued upgrading their digital capabilities in 2025, with faster internet connections, wider adoption of artificial intelligence technologies and increased use of business software, according to the Statistical Service (Cystat).
...
Cyprus Business Now: housing, gamification, basketball player investing, loans
TechIsland held its first Town Hall discussion in Limassol on Thursday, bringing together senior representatives from Ask Wire, PwC Cyprus, Leptos Estates, Neapolis University Paphos, Bank of Cyprus, Cybarco Development ...
Cyprus consumer inflation turns negative in November
Inflation in Cyprus turned negative in November, with the Consumer Price Index (CPI) falling by 0.5 per cent year on year, according to the state statistical service (Cystat).
The index decreased ...
Basketball star invests in Cyprus’ EMBIO Diagnostics and backs airbeld air-quality device
EMBIO Diagnostics has entered a strategic partnership with international basketball player Sasha Vezenkov, who joins the Cyprus-based deep-tech company as both an investor and brand ambassador for its airbeld indoor ...
Michalis Athanasiou takes over as Chief Business Officer at National Bank of Greece (Cyprus)
National Bank of Greece (Cyprus) has appointed Michalis Athanasiou as Chief Business Officer, in a move that strengthens its management team during a period of dynamic growth and strategic upgrading ...
New loans decline in October, offset by rising housing credit and higher rates
Net new loans in Cyprus fell by €18.5 million in October to €429.4 million, mainly due to a slowdown in lending to companies, while housing loans continued to rise, according to data ...
Housing pressures in focus at TechIsland’s first Town Hall
TechIsland held its first Town Hall discussion in Limassol on Thursday, bringing together senior representatives from Ask Wire, PwC Cyprus, Leptos Estates, Neapolis University Paphos, Bank of Cyprus, Cybarco Development ...
Where $20.7bn went: gamification breaks out of gaming
Gamification may have become one of the tech industry’s most overused buzzwords, yet very few have attempted to measure it as an investment category.
According to Diana Barsukova, who ...
Safe Bulkers approves buyback of up to 10 million shares
Safe Bulkers, which also maintains offices in Limassol and is led by owner and chief executive Polys Hajioannou, has authorised a new share repurchase programme of up to 10 million shares, ...
Cyprus Business Now: airports, Hadjimanolis, unemployment, services and transport
Cyprus strengthened its links with the EU institutional centre this week as Greek airline Aegean, in cooperation with Hermes Airports, launched a new direct Larnaca–Brussels route beginning of December, ...
Registered unemployment reaches 10,924 in November
The number of registered unemployed reached 10,924 persons at the end of November, according to figures released on Wednesday by the Statistical Service (Cystat).
This represents an annual decrease of 163 people, ...
Cyprus services and transport turnover rises in the third quarter
The turnover value index for services and transport in Cyprus recorded broad increases in the third quarter of 2025 compared to the same period of 2024, according to the statistical service (Cystat).
...