Cyprus Business News

Alphamega hypermarkets signed an agreement to acquire Foody Market, the online supermarket service operating through the leading distribution platform Foody. The completion of the transaction, however, is subject to approval ...

The general house price index in Cyprus, which includes both houses and apartments, continued its upward trajectory on an annual basis during the first quarter of 2025, according to data published ...

Cyprus’ international investment position (IIP) deteriorated in the first quarter of 2025, recording a net liability of €31.01 billion compared to €29.18 billion in the fourth quarter of 2024. The figures are based on ...

Cyprus has formally approved the creation of a national mechanism for the control of foreign direct investments (FDI), following a cabinet decision on Wednesday. The move aims to strengthen the ...

Cyprus has formally approved the creation of a national mechanism for the control of foreign direct investments (FDI), following a cabinet decision on Wednesday. The move aims to strengthen the ...

Cyprus’ banking system liquidity fell by €4.5 billion in 2024 compared to the previous year, reaching €19.2 billion by year-end, according to data published on Wednesday by the Central Bank of Cyprus (CBC). ...

Unemployment in Cyprus stood at 3.6 per cent in May 2025, down from 3.7 per cent in April and 4.8 per cent in May 2024, according to data released by Eurostat on Wednesday. The number ...

The Central Bank of Cyprus this week released monetary financial institutions (MFIs) deposit and loan statistics for May 2025, revealing a marked slowdown in deposit growth and a modest rise in ...

Cyprus’ hotel industry continues to face labour shortages despite a record year for tourism in 2024, with hoteliers urging targeted reforms to address staffing gaps and housing constraints. Speaking this week ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced that it has awarded a total of €1,000 to two university students in Cyprus as part of its annual academic prize ...

Bird Aviation has signed a multi-year agreement with a leading European airline for the provision of heavy maintenance services on narrow-body aircraft, reinforcing Cyprus’ position as a regional hub for ...

Cypriot insurance providers CNP Cyprialife and CNP Asfalistiki have officially been renamed ERB Cyprialife and ERB Asfalistiki, according to an official statement released on Wednesday. The two companies said that ...

Rising prices in raw materials, fuel, energy and basic food items are only the beginning of a more difficult economic cycle that lies ahead, according to Costas Melas, president of ...

The Bank of Cyprus has received two major distinctions at the 2024 EMEA Finance Achievement Awards, recognising its €300 million green bond issued in April 2024. According to an announcement by the bank ...

Banks have overtaken the government as the most influential force in Cyprus’ real estate sector, according to EY Cyprus’ latest annual survey.   As mentioned in Philenews, the market continues to ...

Tourism revenue in Cyprus experienced a significant rise in April 2025, reaching €304.2 million according to the latest results from the passengers survey conducted by the state statistical service. This represents a 39.9 ...

The Turnover Value Index of Retail Trade in Cyprus increased by 8.4 per cent in May 2025, compared to the corresponding month of the previous year, according to the state statistical service. ...

Cyprus is striving to position itself as a credible, stable, and forward-looking economic partner within the region and the European Union, government officials affirmed at Bloomberg’s ‘Future of Markets’ ...

Eurobank on Tuesday announced the development of a day care centre for people with disabilities over the age of 21, along with two independent living residences for adults with autism. According ...

Tourism revenue in Cyprus experienced a significant rise in April 2025, reaching €304.2 million according to the latest results from the passengers survey conducted by the state statistical service. This represents a 39.9 ...

The global maritime community will once again converge in Limassol this October for the Maritime Cyprus Conference 2025, a flagship event for the international shipping industry, held under the theme ‘Unlocking ...

Cypriot services firm Logicom Public Ltd issued a profit warning on the Cyprus Stock Exchange (CSE) this week, notifying investors that its financial performance for the first half of the ...

The Bank of Cyprus (BoC) on Tuesday announced that, as of June 30, 2025, its total issued share capital stood at 440,828,633 ordinary shares. Of these, 5,142,602 shares are held as treasury shares following ...

Cypriot real estate analytics firm Ask Wire has secured third place at the 15th Innovation and Technology Competition of the NBG Business Seeds programme. Awarded for its real estate data ...