Cyprus Business News

The Mall of Cyprus (MC) Plc this week reported a strong financial performance for the year ended December 31, 2024, with net profit after tax reaching €10.46 million, up from €9.67 million in 2023. The ...

Cyprus recorded a positive economic growth rate of 3.4 per cent in real terms for 2024, with its gross domestic product (GDP) reaching €33.57 billion at current prices. In addition, according a report ...

Greek shipping executives continue to set the global benchmark for maritime expertise, a reputation that sees international organisations consistently turning to them for leadership. One of the latest examples is ...

Cyprus is set to slightly revise its growth forecast for the Medium-Term Fiscal Framework, Finance Minister Makis Keravnos said on Wednesday. Speaking to the Cyprus News Agency (CNA), Keravnos pointed ...

As Cypriots gear up for a record-breaking year of travel, the 26th Travel Expo Cyprus kicks off in Nicosia on Friday, April 25, bringing together airlines, tour operators and tourism bodies ...

Cyprus recorded a positive economic growth rate of 3.4 per cent in real terms for 2024, with its gross domestic product (GDP) reaching €33.57 billion at current prices. In addition, according a report ...

Cyprus Airways on Wednesday announced the addition of a fourth Airbus A220-300 aircraft to its fleet. In its announcement, the company said the aircraft reflects its commitment to sustainable ...

Alter Ego Media, through its venture capital arm Alter Ego Ventures, has acquired a 1 per cent stake in CH Game Development Software Limited, investing €110,000 in the Cyprus-based eGaming company. The ...

The Cyprus Stock Exchange (CSE) on Wednesday announced a number of changes to its major indices, following the suspension of trading in the shares of Salamis Tours (Holdings) Public Ltd. ...

Cyprus-based Aloha Browser on Wednesday announced the launch of Snips, a groundbreaking AI-powered feature. The new feature is designed to simplify web browsing by eliminating the chaos of excessive open ...

Chairman of the Cyprus Property Developers Association Υiannis Misirlis on Wednesday praised the contribution of the real estate sector to the economy, and defended it from sweeping allegations of bad ...

The International Monetary Fund (IMF) on Tuesday revised down its forecast for Cyprus’ economic growth, projecting a rate of 2.5 per cent of GDP in 2025. This is significantly lower than its ...

Limassol is entering the most demanding phase of its European Capital of Culture 2030 campaign, with a clear focus on delivering an ambitious yet realistic programme, according to Andreas Pittas, chairman ...

The International Monetary Fund (IMF) on Tuesday revised down its forecast for Cyprus’ economic growth, projecting a rate of 2.5 per cent of GDP in 2025. This is significantly lower than its ...

Cyprus recorded the second highest budget surplus among European Union member states in 2024, according to data released by Eurostat on Tuesday. The island tied with Ireland, with both countries reporting ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has warned that the United States’ decision to impose high tariffs on imports globally is exacerbating international economic uncertainty, with potential medium-term ...

Plum CEO and founder Victor Trokoudes has welcomed the European Central Bank’s (ECB) decision to cut interest rates, calling it a “strong signal” that the bank is delivering on ...

Cyprus is seeing a strong flow of tourist arrivals this spring, with Paphos enjoying robust bookings from key foreign markets and a noticeable uptick in domestic travel over Holy Week. ...

Workplace equality, support for vulnerable groups, and social enterprises are becoming key priorities under ESG’s social pillar, according to Andreas Alexi of the Cyprus Chamber of Commerce and Industry (...

The federation of employers and industrialists (Oev), marking 65 years of activity in Cyprus, has long prioritised internationalisation as a strategic pillar for strengthening the competitiveness of local businesses. Specifically, Oev ...

Here are the top business stories in Cyprus from the week starting April 14: Despite facing persistent structural challenges, the Cypriot manufacturing industry continues to demonstrate remarkable resilience in the face ...

The Paphos regional tourism board (Etap) this week said that its digital tourism campaign is exceeding expectations, with the organisation reporting that its goals have already been significantly surpassed. According ...

Cyprus’ planned accession to the Schengen zone is expected to ease red tape for shipping companies and offer a welcome boost to the sector, according to the Cyprus Shipping Chamber (...

Limassol municipality and Frederick University’s Department of Maritime Transport and Commerce will host the fifth Blue Limassol Forum on Thursday, May 15 at the Cruise Terminal (POD 5 – Departures) of the ...