Cyprus Business News

Cyprus’ Commission for the Protection of Competition (CPC) has unanimously approved, subject to binding conditions, the acquisition of ExxonMobil Cyprus Limited by Petrolina (Holdings) Public Limited through Med Energywise Ltd, ...

By Michael Ioannou The most devastating burglaries today don’t require a crowbar; they require patience. We often imagine hackers as frantic typists in dark hoodies, but the modern financial ...

Electricity tariffs remain a growing concern across Europe, with the European Commission now outlining seven targeted actions aimed at easing costs for households and businesses while strengthening the competitiveness of ...

Frederick University and Electi Consulting Ltd have successfully completed the technical implementation of the DYNAMO research project, a decentralised energy management platform designed to allow smart communities in Cyprus to ...

Construction material prices showed a modest year-on-year increase in November, according to a report by the Cyprus Statistical Service (Cystat). The Price Index of Construction Materials reached 118.63 units in November 2025, ...

Cyprus needs stronger coordination and closer, continuous monitoring of public projects to avoid delays and cost overruns by 2028, Fiscal Council president Michalis Persianis has warned, pointing to structural weaknesses in ...

The Enterprise Europe Network (EEN) Cyprus has launched a comprehensive survey to evaluate the satisfaction of small and medium-sized enterprises and to measure the positive impact of its support services ...

Innovate UK, in collaboration with the Enterprise Europe Network (EEN), is organising business-to-business (B2B) meetings during the Futurebuild 2026 Construction Sector Exhibition in London from March 3 to March 5, 2026. According to ...

The dry bulk freight market in 2025 delivered steadier, more restrained performance rather than the sharp peaks seen in previous cycles, reflecting a year of moderation rather than exuberance. Average daily ...

Eurobank on Thursday announced that its newly issued shares will begin trading on the Cyprus Stock Exchange (CSE) on December 19, 2025, marking a further step in the bank’s post-merger integration ...

Genikes Insurance was named the best general sector insurance company in Cyprus for the fifth consecutive year in 2025, after being recognised by two international awards bodies for its performance, customer ...

Cypriots top EU workers in average earnings Cypriot citizens earned more on average than EU nationals working on the island during 2022, according to an earning report released on Thursday by ...

Research and innovation are now central to Cyprus’ economic model, with the country’s ecosystem markedly strengthened over the past two years, according to the Chief Scientist and chairman of ...

Cyprus and the United States have strengthened cooperation on the oversight of the auditing profession, according to an announcement released on Thursday. This involves the signing of a protocol and ...

OPAP Cyprus on Thursday announced that it will rebrand as Allwyn from January 2026, a move aimed at strengthening its connection with customers and aligning the company more closely with its ...

Cyprus needs stronger coordination and closer, continuous monitoring of public projects to avoid delays and cost overruns by 2028, Fiscal Council president Michalis Persianis has warned, pointing to structural weaknesses in ...

Deputy Minister of Tourism Kostas Koumis and Nicosia mayor Charalambos Prountzos met at the premises of the Nicosia municipality to discuss an action plan aimed at promoting the capital as ...

The Alfa Reisen travel agent network recently held a tourism conference in Cyprus, drawing strong participation from the German tourism industry and reinforcing the island’s efforts to deepen its ...

Lordos Hotels expects an improvement in its financial performance in 2025 compared with the previous year, according to the Cyprus stock exchange (CSE) announcement on Thursday. The group reported profit attributable ...

It is with great sadness that the Schulte Group announced the death of Hamburg shipowner and entrepreneur Heinrich Schulte, its long-standing chairman and shareholder, who died this week in Hamburg, ...

Final decisions on two proposed shopping centre developments in eastern Limassol are expected to be taken early in the new year, once the Council for Deviation Studies (SYMEPA) completes its ...

By Pavlos Loizou Larnaca is having a moment. New projects are announced, cranes appear on the skyline, and investor interest — particularly from overseas — is visibly rising. Yet beneath the optimism ...

The Cyprus Borrower Protection Association (Syprodat) this week announced that a new European Commission initiative on affordable housing highlights the urgent need for substantive housing policies in Cyprus. Syprodat explained ...

Cyprus recorded the lowest annual inflation rate in the European Union in November 2025, according to figures published by Eurostat, highlighting easing price pressures on the island at a time when ...