Cyprus Business News

Telecommunications provider Cyta on Friday announced the appointment of George Metzakis as the organisation’s new chief executive officer, with immediate effect. The appointment marks a new phase for Cyta’...

Cyprus promoted its fresh fruit and vegetable exports at the international exhibition Freskon 2026 in Thessaloniki, as part of efforts to strengthen trade ties and open new opportunities in foreign markets, ...

Cyprus recorded the second-highest electricity prices for non-household consumers in the European Union during the second half of 2025, according to data released by Eurostat. The figures showed that electricity prices ...

Cyprus and India are stepping up discussions on direct air connectivity, with officials saying stronger links could support tourism, business travel and wider economic cooperation between the two countries. Hermes ...

Cyprus recorded a sharp rise in electric and hybrid vehicle registrations in the first four months of 2026, as new vehicle registrations increased by 15.1 per cent year-on-year, according to a report ...

Cyprus is among the European Union countries with the greatest fiscal space to respond to a new energy crisis linked to the war in Iran, according to a new report ...

Small and medium-sized businesses must be placed at the centre of Europe’s competitiveness agenda if the EU is to strengthen its resilience, strategic autonomy and industrial base, according to ...

Greek retail chain Jumbo said sales at its Cyprus stores fell by around 3 per cent year-on-year in April 2026, as the timing of Easter shifted part of seasonal demand into March ...

International Chamber of Shipping (ICS) Secretary General Thomas Kazakos met Panama’s President Jose Raul Mulino this week, as maritime leaders gathered in Panama for the Maritime Convention of the ...

Eurobank on Friday reported an adjusted net profit of €351 million for the first quarter of 2026, with the bank citing strong lending activity, resilient operating performance and continued growth across its ...

Young students from across Europe were recognised in Cyprus this week, as the winners of the European School Competition on the Ship of the Future were announced during the Informal ...

Cyprus’ maritime education sector turned its attention to artificial intelligence this week, as students, educators and industry representatives gathered for the annual Competition Award Ceremony of the Programme of Studies ...

ASBISc Enterprises Plc has reported a record net profit of $36.3 million and revenue of $1.27 billion in Q1 2026, significantly outpacing the broader eurozone ICT distribution trend as demand for AI infrastructure ...

Cyprus recorded a monthly increase in retail trade volume in March 2026, according to Eurostat, outperforming the euro area, where retail sales declined during the same period. According to the statistical ...

Cyprus continued to record some of the lowest deposit interest rates in the eurozone in March 2026, even as lending rates remained broadly aligned with euro area averages, according to figures ...

The Cyprus Stock Exchange (CSE) has announced market status changes across listed companies after multiple issuers failed to submit and publish their annual financial reports for the year ended December 31, 2025, ...

PwC Cyprus announced this week that it supported the Junior Achievement Cyprus Company Programme for the 12th consecutive year, continuing its investment in the development of young entrepreneurs and financial ...

KEO plc issued an official announcement on Thursday informing the investment community that its annual general meeting has been rescheduled following a specific board of directors decision. The company stated ...

Chief Scientist Demetris Skourides on Thursday said that Cyprus already has the foundations to become a strong regional innovation hub. Addressing participants at a forum in Limassol, he stated that ...

The Limassol regional tourism board (Etap Limassol) held a working meeting Wednesday with a number of hotel directors, Limassol hoteliers association president Christos Tsanos, and Limassol mayor Yannis Armeftis. The ...

Total beer deliveries in Cyprus fell by 8.9 per cent during April, compared to the same month last year, according to a report from the Cyprus Statistical Service (Cystat). Specifically, the ...

Cyprus continued to record some of the lowest deposit interest rates in the eurozone in March 2026, even as lending rates remained broadly aligned with euro area averages, according to figures ...

Eurobank announced on Thursday that it had entered into a definitive agreement to acquire an additional 80 per cent stake in Eurolife Life Insurance, strengthening its position in the insurance sector. ...

Cyprus’ inflation rate rose to 2.8 per cent in April 2026, according to figures released by the Cyprus Statistical Service (Cystat), with petroleum products and transport costs recording the sharpest increases. The ...