Cyprus Business News

Cyprus’ construction sector maintained strong growth momentum in the first half of 2026, supported by a robust pipeline of new projects, rising property demand and continued investment activity, according to a ...

Greek shipowner Semiramis Paliou has taken back OceanPal’s remaining fleet through an affiliated company, closing the shipping chapter of a business spun off from Diana Shipping less than five ...

Apollo Global has agreed to buy easyJet in a deal that values the European budget airline at about £5.70 billion ($7.7 billion), the companies said on Thursday, as rival suitor Castlelake abandoned ...

The gross domestic product (GDP) of Cyprus was valued at €36.48 billion in 2025, accounting for 0.2 per cent of the European Union’s total economic output, according to provisional figures published by ...

Cyprus sets up national business development body to drive SME growth The Cabinet on Wednesday brought into force the law establishing the Cyprus Business Development Organisation and appointed the new ...

Cyprus’ inflation rate eased to 2.9 per cent in July 2026, down from 3.1 per cent in June, as lower fuel prices and a sharp fall in clothing and footwear brought the consumer ...

Sainni bets on real-time AI to change the way businesses sell Artificial intelligence is reshaping the way businesses sell, but a Cyprus-based startup believes the next step is moving beyond ...

Retail trade volume in Cyprus contracted by 1 per cent in June 2026 compared with the previous month, according to a report released on Thursday by Eurostat. The monthly drop in Cyprus ...

Asbis delivers ‘best quarter in company history’ Cyprus-based IT distributor ASBISc Enterprises Plc, commonly known as Asbis, on Thursday reported its most profitable quarter on record after net profit more ...

Demetra Holdings Plc purchased 3,656 of its own shares on August 5, 2026, according to an official announcement published by the investment company on Thursday. The transaction was carried out in compliance with ...

The Finance Ministry announced on Thursday that the trading period for 13-week Treasury bills issued in May is nearing completion. The specific government debt securities, designated under issue code TB13...

Rising costs and worker shortages test resilience of Cyprus builders Cyprus’ construction sector maintained strong growth momentum in the first half of 2026, supported by a robust pipeline of new projects, ...

Morgan Stanley has updated its outlook for Greece’s major banks following their second-quarter results, raising price targets for Alpha Bank and the National Bank of Greece while maintaining a ...

Google parent Alphabet has overhauled the leadership of its artificial intelligence operations, moving Nobel laureate Demis Hassabis from the day-to-day running of Google DeepMind into a newly created group-wide science ...

Industrial producer prices in Cyprus rose by 0.3 per cent in June of this year, according to a report from Eurostat. The modest monthly increase in Cyprus followed a sharp gain ...

Cyprus has found its way onto National Geographic’s reading list, and this time the essential holiday packing begins with a novel. A seven-night escape to Larnaca inspired by Elif ...

Freedom24 announced on Wednesday a long-term strategic partnership with the Anorthosis Football Academy, becoming its principal strategic sponsor as part of a broader investment in youth football development in Cyprus. ...

Cyprus banks continued to offer deposit rates well below the eurozone average in June 2026, while significant differences in both savings and lending rates persisted across individual lenders, according to a ...

Cyprus and India should build a structured roadmap for cooperation in startups, research and technology, turning growing bilateral interest into measurable partnerships, Indian High Commissioner Manish Manish said.  In a ...

Cyprus hotel bookings have returned to a more normal pace, but August remains around 10 per cent behind, with operators relying on last-minute demand and discounts to support occupancy, the heads ...

Only 141 of the 728 hotels operating across Cyprus currently hold an operating licence, Paphos hoteliers association president Evripides Loizides said, warning that the problem requires immediate state intervention. Speaking to the ...

The Cyprus Stock Exchange (CSE) announced on Wednesday the outcome of its latest review of listed companies’ compliance with minimum market capitalisation requirements, confirming that one company will have its ...

Eight leading maritime associations, including the International Chamber of Shipping headed by Cypriot secretary-general Thomas Kazakos, have urged the United Nations and the International Maritime Organisation (IMO) to prevent the ...

Cyprus’ registered unemployed rose by 5.8 per cent in July, with the increase driven mainly by administrative and support services, accommodation and food services, public administration and education, according to a ...