Cyprus Business News

The total weight of goods transported by road within Cyprus, as well as the weight of freight moved to and from the island, increased in 2024 compared to 2023, according to the ...

Freedom Holding Corp., the parent company of Freedom24, announced this week that it exceeded $10 billion in market capitalisation. According to the announcement, this achievement was driven by a new all-time ...

The government of Cyprus does not wish to stand in the way but rather be part of the journey of innovation and technology, according to president Nikos Christodoulides. The president ...

Studio 42, a Cyprus-based mobile game development studio founded by veterans of the global casual games industry, has announced that it has secured $3.6 million in seed funding. According to an announcement ...

Consulting and advisory firm PwC Cyprus has teamed up with CIM-Cyprus Business School to launch a joint work-study programme, according to an announcement released on Thursday. The programme aims to ...

Cyprus’ economic growth accelerated to 3 per cent in the first quarter of 2025, outperforming both the eurozone and EU averages, according to a preliminary estimate by the state statistical service. In ...

The only way for the tourism sector to continue its upward trajectory and its significant contribution to the Cypriot economy is through collective effort, according to Deputy Minister of Tourism ...

Cyprus has once again been recognised as the fastest-growing startup ecosystem in the European Union, following the release of the 2025 StartupBlink Global Startup Ecosystem Index. According to a report published ...

Cyprus is stepping up efforts to position itself as a gateway for Indian businesses expanding into Europe, a vision that is starting to take shape both strategically and on the ...

Cyprus has emerged as one of the standout performers in European tourism at the start of 2025, recording a 15.4 per cent increase in international arrivals compared to the same period last ...

Hellenic Bank on Wednesday announced a reduction in its base interest rate by 0.33 percentage points, from 1.75 per cent to 1.42 per cent, effective from May 16, 2025. “This move will benefit the majority ...

The Cyprus Securities and Exchange Commission (CySEC) this week issued two separate announcements relating to regulatory action and fund liquidation. In a decision made during its meeting on February 2025, the ...

The Cyprus Investment Funds Association (CIFA) on Wednesday welcomed the latest results from the Cyprus Securities and Exchange Commission’s (CySEC) quarterly bulletin for the country’s funds sector for ...

Transport Minister Alexis Vafeades on Wednesday said that the evaluation of bids for the deepening of the Larnaca marina is currently under way, with work expected to begin soon. He ...

Cyprus’ online betting sector has come together to create Cyprus Online Gaming Association (COGA), according to an announcement released on Wednesday. The announcement said that the new association marks an ...

Cyta marked World Telecommunications Day with a dedicated conference on women in science, technology, engineering, arts and mathematics (STEAM), aligning this year’s global theme — Gender Equality in Digital Transformation — ...

Plans are under consultation to rebuild a restaurant at Lady’s Mile beach, demolished in 2012, as part of broader updates to the planning framework for the British Bases. The proposal, ...

Cyprus’ environment department has rejected plans for a 33-turbine wind farm near two protected Natura 2000 zones, citing irreversible damage to wildlife habitats and increased threats to vulnerable species. The proposed 49.5...

The Nicosia tourism board (Etap) on Wednesday announced its participation in the IndusTour project under the Interreg Europe programme, a new European initiative aimed at promoting industrial tourism across six ...

Real estate is evolving fast, with blockchain at the centre of this transformation, as highlighted during a panel discussion at the recently-held REALTYon 2025 expo in Limassol. During the discussion, we ...

Ermes Department Stores Plc on Wednesday provided additional details regarding its strategic direction and ongoing operations, following the transfer of its ERA department store activity to Gencom Ltd. The company’...

Hellenic Bank on Wednesday announced a reduction in its base interest rate by 0.33 percentage points, from 1.75 per cent to 1.42 per cent, effective from May 16, 2025. “This move will benefit the majority ...

Hellenic Bank has received dual environmental certifications this year, according to an official announcemnet released this week. The announcement noted that this “affirms its ongoing commitment to environmental protection and ...

The Central Bank of Cyprus (CBC) has announced that it is accepting applications for the permanent posts of Officer Second Class. The vacancies are available in the Information Technology Department, ...