Cyprus Business News

The turnover value index for services and transport in Cyprus recorded mixed results in the second quarter of 2025 compared to the same period of 2024.  According to the state statistical service (...

Demetra Holdings Plc on Friday announced the buyback of 6,000 of its own shares, following a string of similar moves in recent weeks. The shares were purchased at a price of 1.68 ...

The European Central Bank (ECB) is under no pressure to cut interest rates further to achieve stable inflation, according to governing council member and Central Bank of Cyprus (CBC) governor ...

The IDEA Innovation Centre, which serves as a startup incubator and entrepreneurship hub, celebrated its tenth anniversary this week. According to an official announcement, the anniversary marks “a decade of ...

Alkis H. Hadjikyriacos (Frou-Frou Biscuits) Public Ltd posted a slight rise in first-half profit for 2025, with net earnings reaching €2 million compared with €1.95 million in the same period last year. Turnover ...

Eurobank Cyprus on Friday confirmed that its merger with Hellenic Bank is now fully underway, marking the creation of the new Eurobank Limited. In an official announcement, the new entity ...

Cyprus’ Chief Scientist Demetris Skourides has completed his first official visit to Saudi Arabia, according to a statement released this week. According to the announcement, the mission focused on strengthening ...

Louis plc held its 26th annual general meeting (AGM) on Thursday, discussing on a number of issues, including the company’s growth, future challenges, and reorganisation plans. In addition, shareholders ...

The Cyprus International Businesses’ Association (CIBA) on Thursday submitted its positions on the proposed tax reform bills as part of the government’s public consultation process. According to CIBA, its ...

Lordos United Public Ltd has announced that its board of directors will meet on September 23, 2025. The company said the meeting will include an examination of the report for the first ...

Demetra Holdings Plc on Thursday announced the repurchase of a further 2,351 of its own shares. According to a filing on the Cyprus Stock Exchange (CSE), the shares were purchased at ...

The Cyprus International Businesses’ Association (CIBA) on Thursday submitted its positions on the proposed tax reform bills as part of the government’s public consultation process. According to CIBA, its ...

Cyprus saw a continued rise in business activity in 2023, with the number of enterprises climbing by 4.5 per cent to 125,152 compared with 119,816 in 2022, according to the Statistical Service (Cystat). This increase ...

Total government employment in Cyprus reached 52,661 persons in August 2025, marking an increase of 209 individuals or 0.4 per cent compared with August 2024, according to the Statistical Service (Cystat).  Employment in the civil ...

Greece’s maritime employees’ pension fund, (NAT) presented its first study on ‘International good practices for the promotion of women’s maritime employment’ last week during the 89th Thessaloniki International ...

The Bank of Cyprus (BoC) on Thursday announced that on September 10, 2025, it successfully launched and priced an issue of €300 million unsecured and subordinated Tier 2 Capital Notes under its €4 billion Euro ...

Building applications received by the Larnaca district local government organisation (EOA) increased by 53 per cent in January-July 2025 compared to the same period last year. According to the organisation’s statistics, 1,295 ...

The Cyprus Securities and Exchange Commission (CySEC) has announced two training initiatives for financial and business operators, both focusing on strengthening compliance with international sanctions and tackling risks linked to ...

The Cyprus Statistical Service (Cystat) this week published detailed data on sales of locally produced industrial commodities for 2023. Total sales of industrial commodities produced by local units reached €4.60 billion in 2023, ...

The number of bounced cheques recorded in Cyprus reached 16 in August 2025, with a total value of €52,891, according to data published on Wednesday by the Central Bank of Cyprus (CBC). These ...

By H.E. Manish, High Commissioner of India to Republic of Cyprus GST 2.0 Reforms: India’s Next Step Towards Simplicity and Growth  The Goods and Services Tax (GST), introduced in ...

The Bank of Cyprus (BoC) on Wednesday announced that investment manager Wellington Management Group LLP has increased its stake in the bank, crossing the 6 per cent threshold of voting rights, ...

The gap between deposit and lending rates in Cyprus remains significant compared with the eurozone, with borrowing rates considerably higher and deposit rates comparatively lower, the Central Bank of Cyprus (...

The board of directors of Lordos Hotels (Holdings) Public Ltd will review the company’s half-yearly results for 2025 at its upcoming meeting, the firm announced on Wednesday. The meeting is ...