Cyprus Business News

Deposits of Cypriot businesses reached a historic €12.5 billion in July 2025, up from €11.7 billion at the end of last year and €9.18 billion in December 2019, according to Central Bank of Cyprus (CBC) ...

The Industrial Production Index in Cyprus reached 115.9 units in June 2025, based on 2021 as the reference year, reflecting an annual increase of 0.8 per cent compared to June 2024, according to data released ...

Invest Cyprus and the Institute of Certified Public Accountants of Cyprus (Selk) have signed a Memorandum of Understanding (MoU) to enhance cooperation and further develop the Cyprus business ecosystem. The ...

Faced with acute labour shortages but also a growing economy, Cyprus is stepping up efforts to turn brain drain into brain gain, rolling out new tax breaks, family support schemes ...

Unemployment in Cyprus stood at 4.3 per cent in the second quarter of 2025, down from 4.6 per cent a year earlier, according to a report published by the Cyprus Statistical Service (Cystat) ...

More than three quarters of people in Cyprus used internet-connected devices in 2024, outpacing the EU average, official data showed on Thursday. Eurostat said 76.9 per cent of Cypriots aged 16–74 used such ...

Cyprus has moved to strengthen its role as a regional innovation hub with the signing of a Memorandum of Understanding (MoU) between Chief Scientist Demetris Skourides and Invest Cyprus chief ...

Faced with acute labour shortages but also a growing economy, Cyprus is stepping up efforts to turn brain drain into brain gain, rolling out new tax breaks, family support schemes ...

Payment fraud in Cyprus rose sharply in the second half of 2024, though the island still recorded fewer incidents than the eurozone average, according to the report of the Central Bank ...

Cyprus’ public debt is expected to fall close to 50 per cent of GDP by the end of 2025, well ahead of earlier targets that foresaw a drop below 60 per cent by ...

Cyprus’ public debt is expected to fall close to 50 per cent of GDP by the end of 2025, well ahead of earlier targets that foresaw a drop below 60 per cent by ...

Petroleum product sales in Cyprus rose by 7.7 per cent in July 2025 compared to the same month last year, reaching 144,790 tonnes, according to the statistical service (Cystat). The increase was largely ...

Cyprus’ tourism industry set a new record in 2024, surpassing four million visitors for the first time while posting revenues of more than €3.2 billion. The record came despite geopolitical instability in ...

The long-awaited call for investor interest in the Paphos marina at Potima is expected to be announced in late August or early September, according to Paphos Chamber of Commerce and ...

Columbia group Asia Region, headquartered in Limassol but with 33 management offices across the world, chief executive Demetris Chrysostomou has rejected claims that Asian shipowners are falling behind their European and ...

Cyprus Seeds collaborated with Conception X, which runs the UK’s leading PhD deep-tech venture programme, turning researchers into startup founders. The collaboration was described as a milestone in Cyprus ...

Cyprus and Saudi Arabia will sign a memorandum of cooperation (MoU) in tourism “in the immediate future” following a teleconference this week between Deputy Minister of Tourism Costas Koumis and ...

Shipowners are facing mounting scrutiny over scrubber technology, which while curbing sulphur oxides in the air, discharges harmful contaminants into the sea. Cyprus, like several other European countries, has already ...

FIBA EuroBasket 2025 will be staged at Limassol’s Spyros Kyprianou Sports Centre from August 28 to September 4, marking Cyprus’ debut in the tournament. Deputy Minister of Tourism Costas Koumis said the ...

Cyprus has ranked bottom among EU member states in the latest Sustainable Development Report (SDR), released by the Sustainable Development Solutions Network (SDSN). The island placed 56th globally out of 167 ...

Cyprus leisure centres enjoyed strong business during the August 15 holiday, but industry leaders warned that all-inclusive packages and the rapid growth of Airbnb rentals are putting increasing pressure on restaurants, ...

The Pavlakis family group has completed an extensive renovation programme at its three Ayia Napa hotels, Nissi Beach Resort, Nissi Park and Alion Beach, as part of a long-standing policy ...

Greek shipowners control 21 per cent of the world’s merchant fleet with 5,520 vessels, maintaining their lead as the largest shipping power globally. Fleet capacity has grown by 50 per cent over ...

Cyprus’ accession to the Schengen Zone is of “key importance,” the association of large investment projects said, arguing that it could strengthen the country’s image as a safe and ...