Cyprus Business News

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 ...

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 ...

Europe’s shipping industry will face its first financial bill under the European Union’s Emissions Trading System (EU ETS) on September 30, marking a watershed moment in efforts to curb ...

Bank of Cyprus (BoC) has become the first lender on the island to allow customers to apply for a mortgage loan entirely online, with responses provided within 24 hours. The new ...

A Europe-wide survey has ranked Cyprus fifth for expat entrepreneurs, citing its strong startup density and solid survival rates, though limited venture capital remains a challenge. According to research by ...

Here are the top business stories in Cyprus from the week starting August 18: Sports media platform Tribuna.com co-founder Dmitry Navosha has shared his story with the Cyprus Mail in ...

The Deputy Ministry of Tourism has launched a tender for hotel rooms in Nicosia to accommodate thousands of delegates expected during Cyprus’ presidency of the Council of Europe from January ...

The Cyprus Stock Exchange (CSE) on Friday announced the continuation of the suspension of trading of shares of ZREES Fraction Plc on the Emerging Companies Market for an additional two ...

Chief Scientist Demetris Skourides and Professor Konstantinos Zamboglou, Medical Director of the German Medical Institute (GMI), met in Limassol as part of the ongoing review of Agora 3.0, a strategic infrastructure ...

ASBISc Enterprises Plc has announced estimated consolidated revenues for July 2025, reporting a significant year-on-year increase. According to the company, which is more commonly referred to as ASBIS, estimated consolidated revenues ...

A report detailing the extent of the damage and the funds required to restore the Cyprus University of Technology (Tepak) farm in Lofou has already been submitted to the university’...

Andreas Neocleous has announced that he will step down as chief executive officer of Cypriot telecoms company Cyta at the end of August. In a message to staff, the company ...

The Deputy Ministry of Tourism has launched a tender for hotel rooms in Nicosia to accommodate thousands of delegates expected during Cyprus’ presidency of the Council of Europe from January ...

BrainRocket expected to stay in Cyprus after president intervenes Israeli-owned BrainRocket will not be leaving Cyprus after all, following direct intervention by President Nikos Christodoulides, who met company officials to ...

Greece continues to attract high demand for travel throughout the autumn, with TUI AG, the largest European tour operator, confirming the country remains a top choice for Europeans. The German ...

Eurobank has acquired 1,334,684 of its own shares between August 11-14, according to an announcement released this week. The bank reported that the average purchase price per share was €3.45, with a ...

Hotel bookings in Paphos have slowed sharply as recent wildfires have unsettled travellers, according to Evripides Loizides, president of the Paphos hoteliers association. Speaking to the Cyprus News Agency (CNA), ...

The Eratosthenes Centre of Excellence (CoE) this week announced the launch of Space BIC, a specialised business incubation centre to support space-based entrepreneurship in Cyprus. According to the announcement, the ...

Cypriots rated their satisfaction with their financial situation at 6.4 out of 10 in 2022, up from 5.2 in 2013 and 6.1 in 2018, according to figures from Eurostat released on Thursday. The figure leaves Cyprus just ...

The Cyprus Shipping Deputy Ministry  has announced the launch of the Cyprus Shipping 1-stop-shop Portal (CYSh1P), a new digital platform designed to centralise and streamline all maritime services offered ...

Hotel bookings in Paphos have slowed sharply as recent wildfires have unsettled travellers, according to Evripides Loizides, president of the Paphos hoteliers association. Speaking to the Cyprus News Agency (CNA), ...