Cyprus Business News

Annual consumer inflation in Cyprus stood at an estimated 4 per cent in July 2026, according to preliminary data released by Eurostat on Friday. This headline figure reflects a slight cooling from ...

The Cyprus Statistical Service (Cystat) on Friday reported that the Index of Industrial Output Prices recorded an annual increase of 2.3 per cent in June 2026. The index reached 125.8 units during the ...

Household financial assets reach €65.30bn, central bank reports The Central Bank of Cyprus (CBC) on Friday published its Quarterly Financial Accounts for the reporting period ending in March 2026, providing an ...

Energy company Shell said on Friday it had ‌agreed to sell its BG Cyprus unit to Hungarian oil and gas firm MOL Group for up to $720 million, as the British ...

Cyprus fiscal surplus reaches 1.1 per cent of GDP Cyprus recorded a general government fiscal surplus of €420.30 million in the first six months of 2026, equivalent to 1.1 per cent of GDP, according ...

The total number of automated teller machines (ATMs) across Cyprus fell slightly from 398 at the end of the second half of 2024 to 396 at the end of the second half of 2025, ...

Vassiliko Cement Works Public Company Ltd on Friday reported a first-half profit of €23.23 million, up from €19.51 million a year earlier, as stronger domestic cement sales and improved clinker export prices ...

The Central Bank of Cyprus (CBC) will overhaul the licensing process for electronic money institutions and payment institutions from August 3, 2026, introducing a new pre-application stage, higher fees and tougher scrutiny ...

ECB policy cycle reshaped Cyprus’ lending landscape, CBC says The Central Bank of Cyprus (CBC) on Friday published a new Economic Brief examining how the European Central Bank’s (ECB) ...

More than 750 Cypriot professionals from around the world have registered with the government’s Minds in Cyprus platform, while employers on the island have posted more than 400 specialised job vacancies, ...

Cyprus new-build property sales hit €1.15 billion in first half of 2026 Cyprus’ new-build residential property market recorded 3,594 sales worth €1.149 billion during the first half of 2026, according to an analysis by Landbank ...

Alpha Bank has kept applications open until September 20 for its FinQuest 2026 innovation competition, inviting startups, fintech companies and scale-ups from across Europe to submit solutions aimed at transforming the banking ...

Cyprus’ economic growth is expected to slow in 2026 despite a modest improvement in the wider European economy, according to updated projections published by the Economics Research Centre of the University ...

The Cyta board of directors on Thursday presented its report covering its February 2024 to July 2026 term, describing the period as one marked by major transformation, strategic reforms and significant investments ...

Cyprus recorded a modest annual increase of 0.5 per cent in its industrial production index during May 2026, according to figures released by the state statistical service (Cystat). The overall index reached 116.7 ...

The Cyprus Securities and Exchange Commission (CySEC) has announced a programme of 14 one-day online professional training seminars to be held between September and December 2026 for individuals registered in its certification ...

Demetra Holdings Plc purchased 4,440 of its own shares on July 29, as part of an ongoing share buyback programme executed through The Cyprus Investment & Securities Corporation Ltd. The investment company ...

Cyprus youth unemployment holds firm at 7.8 per cent Cyprus recorded one of the lowest unemployment rates in the European Union in June 2026, with joblessness on the island falling to 3 per ...

Cyprus residents faced continued difficulty affording a week-long annual holiday in 2025, with Eurostat data released on Thursday showing that 27.6 per cent of people aged 16 and over could not afford a ...

Koumis defends Cyprus tourism performance amidst global challenges Tourism revenue figures for May and the first five months of 2026 confirmed that Cyprus tourism has returned to a stable recovery path, ...

Public Group recorded stronger operational performance in 2025, with the retailer reporting sales above €500 million, higher profitability and continued expansion across Greece and Cyprus, according to results released on Thursday. The ...

Drop in UK arrivals, among other markets, hits Cyprus tourism revenue Cyprus’ tourism revenue fell by 4.8 per cent in May 2026 as the war in Iran depressed visitor arrivals, particularly from ...

Shareholders of The Mall of Engomi and The Mall of Cyprus have ratified their 2025 financial statements and re-elected two directors at their annual general meeting held on July 30, 2026. Both public ...

Patsalides warns inflation risks are rising over energy Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has stated that inflation risks are gradually increasing because of persistently high energy prices, ...