Cyprus Business News

Cyprus’ Industrial Turnover Index rose by 3.5 per cent in May 2026, reaching 148 units, according to figures released on Wednesday by the statistical service (Cystat).  For the first five months of the ...

Cyprus integration boosts Eurobank profits to €738m in first half of 2026 Eurobank posted higher profitability for the first six months of 2026, with the banking group highlighting Cyprus as one of ...

Demetra Holdings Plc purchased 3,960 of its own shares on August 4, 2026, as part of an ongoing share buyback programme executed through the Cyprus Investment & Securities Corporation Ltd (CISCO). The company ...

A last-minute rush by distressed borrowers has pushed applications to Cyprus’ mortgage-to-rent scheme beyond 4,200, prompting the government to extend the deadline for another two months.  The state-owned asset management company ...

Public interest in acquiring shares in Cyprus’ proposed new cooperative bank has been encouraging despite the August holiday period, according to the president of the Pancyprian Cooperative Holding and Cooperative ...

The Cyprus Stock Exchange (CSE) Council this week announced its members’ market shares for July 2026, revealing that CISCO Ltd maintained its dominant lead in equity trading activity across the island’...

Cyprus’ Nissi Beach has been ranked the second best beach in Europe for 2026, offering another boost to the island’s tourism appeal as officials say the sector has returned to ...

The Bank of Cyprus (BoC) has updated its corporate financial calendar, setting key milestone dates for its forthcoming interim dividend distribution and future earnings announcements following a strong first-half financial ...

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 ...

Cyprus may have built one of Europe’s largest shipping centres, but its next competitive test will be decided by the number of young people willing to build a life ...

Cyprus Airways has signed a new agreement with Bird Aviation for the provision of heavy aircraft maintenance services, further strengthening the long-standing partnership between the two Cyprus-based aviation companies as ...

The Cyprus Financial Literacy and Education Committee (CyFLEC) on Tuesday launched moneypedia.cy, introducing Cyprus’s new national digital financial literacy portal designed to empower citizens through reliable economic knowledge. ...

Globalwealth Group PLC will see 3,621,164 ordinary shares admitted to trading on the Cyprus Stock Exchange (CSE) on August 7, 2026, after the exchange announced the new listing on Tuesday. The shares, with ...

Minerva Insurance Company Public Ltd on Tuesday announced that its board approved the distribution of an interim dividend for the 2024 financial year, amounting to €0.0003 per share. The company said the ...

Cyprus’s appetite for low-cost online shopping has produced an unexpectedly large return for the state, with the new €3 customs duty generating almost €2 million in July alone.  During the first ...

Demetra Holdings Plc bought another 4,130 of its own shares this week, spending €6,091.75 as it continued the share buyback programme launched last month.  The shares were acquired at €1.475 each through the ...

The National Bank of Greece’s first-half performance has exceeded initial expectations, prompting Beta Securities to upgrade its forecasts for 2026 following the group’s stronger-than-anticipated results and a more favourable ...

Ayia Napa’s Nissi Beach secures second spot in European beach index Cyprus’ Nissi Beach has been ranked the second best beach in Europe for 2026, offering another boost to the ...

Cypriots embrace online ticket buying for concerts and events Cyprus recorded a higher-than-average rate of online event ticket purchases in 2025, according to figures released by Eurostat on Tuesday, as digital ...

The Bank of Cyprus (BoC) on Tuesday reported profit after tax of €252 million for the first six months of 2026, a 7 per cent increase year-on-year. It also announced a 20 per cent ...

Neapolis University Paphos will lead a three-year European research partnership with University College London (UCL), the University of Barcelona and Greece’s KMOP, after securing Horizon Europe funding in a ...

Limassol and Paphos drive over 70 per cent of Cyprus property market expansion Cyprus’ property market remained firmly on an upward path in July, with sale contracts passing 2,000 in a single ...

Government opens consultation on national diving tourism strategy The Deputy Ministry of Tourism recently launched a public consultation on Cyprus’ National Strategy for the Development of Diving Tourism, inviting stakeholders ...

UBS has raised its price target for Eurobank to €5.10 from €4.90, maintaining its ‘buy’ recommendation after the lender delivered stronger-than-expected second-quarter results and upgraded its outlook, with Cyprus continuing to play ...