Cyprus Business News

Interior Minister Constantinos Ioannou has defended the government’s business-friendly approach to housing and development, saying the private sector is better placed than the state to deliver projects quickly and ...

The Index of Industrial Output Prices for April 2026 reached 121.7 units, marking an annual decrease of 0.2 per cent compared to the same month in the previous year. According to a report ...

Ask Wire CEO Pavlos Loizou has warned that Cyprus’ housing problem is not being driven by a lack of land, but by the failure to use existing land effectively, arguing ...

Cyprus recorded a clear improvement in its labour market during the first quarter of 2026, with the unemployment rate falling to 4 per cent compared to 5 per cent in the same period ...

The Cyprus general government recorded a fiscal surplus of €593.4 million during January-April 2026, according to preliminary data released on Friday by the Cyprus Statistical Service (Cystat). The surplus corresponded to 1.5 per ...

Paphos hotels are expected to see occupancy rates exceed 90 per cent during the Kataklysmos holiday weekend, as strong demand from Cypriot visitors gives the sector a welcome, if short-lived, boost. ...

The EU’s Competitiveness Council this week adopted conclusions on sustainable and competitive tourism, in what Deputy Tourism Minister Kostas Koumis described as a key achievement of the Cyprus Presidency ...

Interior Minister Constantinos Ioannou has defended the government’s business-friendly approach to housing and development, saying the private sector is better placed than the state to deliver projects quickly and ...

Christos Tsanos has been re-elected president of the Limassol district branch of the Cyprus Hoteliers Association (Pasyxe), as the city’s hotel industry looks to maintain stability in a period ...

Posidonia 2026 is set to highlight the global reach of Greek shipping, with this year’s exhibition expected to attract more than 2,200 exhibitors from 80 countries, even as geopolitical tensions continue to ...

The numbers do not lie, although they do not quite add up either. Not until you look closer. For the Cyprus property market, 2025 was a record-breaking year. Total transaction value ...

A major economic summit focusing on the trajectory and contribution of the professional services sector will convene in Nicosia on June 4, 2026. The high-level gathering, officially titled the Fourth Professional Services ...

Cyprus’ industrial production index recorded an annual increase of 4.7 per cent in March, according to a report from the state statistical service (Cystat). The service reported that the index reached 116.7 ...

PwC Cyprus CEO-elect Andreas Yiasemides has stressed that artificial intelligence is “no longer a future ambition or a technology experiment taking place on the margins of day-to-day business”, describing it ...

Fuel prices in Cyprus are expected to fall within the next 10 days, following a recent drop in international oil prices, petrol station owners’ association chairman Savvas Prokopiou said on Thursday. ...

Deputy Minister to the President Irene Piki this week said Cyprus and Italy can act as bridges of stability and economic interconnection between Europe, the Middle East and North Africa, ...

Deputy Shipping Minister Marina Hadjimanolis attended receptions hosted by Columbia Shipmanagement and Bank of Cyprus (BoC) in Athens, as Cyprus sought to strengthen its presence around Posidonia 2026, one of the ...

Cypriot startup Kyprium is aiming to transform the island’s recruitment sector through artificial intelligence, with founder Michalis Senekkis arguing that Cyprus must move away from informal hiring practices and ...

Greek banks remain in a strong position despite recent weakness in their share prices, according to fresh assessments by Jefferies and UBS, with both investment houses maintaining positive recommendations for ...

Cyprus has an opportunity to turn land development and construction from a traditional economic sector into a driver of sustainable, technologically advanced growth, according to Interior Minister Constantinos Ioannou. Speaking ...

Total petroleum product sales in Cyprus fell by 5 per cent year-on-year in April 2026, as the island continued to feel the effects of rising fuel prices and broader energy market volatility ...

The rhythm of the working week in Cyprus remains more demanding than the European Union average, with new Eurostat data highlighting a clear divergence between the island’s labour market ...

The information and communication technology (ICT) sector in Cyprus faced a minor contraction in 2025, with the share of specialists in total employment falling to 4.9 per cent from 5 per cent in ...

The Cyprus Securities and Exchange Commission (CySEC) has announced proposed amendments to the fees payable by entities operating in the collective investment management sector, launching a public consultation on the ...