Cyprus Business News

The Bank of Cyprus has completed its acquisition of performing loans worth approximately €130 million and deposits of around €440 million from the Cyprus Development Bank (CDB), following the receipt of all ...

Fuel prices in Cyprus rose by 24.6 per cent year-on-year in September, accelerating from 19.1 per cent in August, according to Eurostat figures published on Wednesday, as Finance Minister Makis Keravnos warned ...

Allwyn AG has announced that Eurobank SA will act as the paying bank for its upcoming €0.20 interim distribution, which is scheduled to be paid in November to eligible shareholders who ...

Eurobank is considering establishing a representative office in Tel Aviv to strengthen its support for Israeli businesses and investors, as Cyprus seeks to build on closer economic ties with Israel ...

The Cyprus Stock Exchange (CSE) on Wednesday announced that it has approved the listing of €50 million in new 13-week government treasury bills, following an auction held on October 19, with trading ...

Cyprus-based technology distributor Asbis surpassed $1 billion in monthly sales for the first time in its history in September, generating estimated consolidated revenues of $1.05 billion, a 216 per cent increase compared with ...

Cyprus’ technology sector is seeking closer cooperation with the Office of the Commissioner of Electronic Communications on cybersecurity and artificial intelligence, following discussions on joint initiatives, specialised training and stronger ...

Keo plc will pay shareholders an interim dividend totalling €2,109,096 by November 29, following a decision by the company’s board of directors on October 20, the Cypriot beverage producer announced on Wednesday. ...

Alpha Bank purchased 1,157,429 of its own shares for €4.88 million during the week ending October 16, as part of its ongoing share buyback programme, the lender has announced. The shares were traded ...

Cyprus’ licensed betting market saw wagers fall by €30.3 million to €329.8m in the second quarter of 2026, but bookmakers retained more after paying out winnings, according to figures from the National ...

Artificial intelligence can produce convincing messages and imitate empathy, but it cannot replace the trust and personal relationships that underpin the shipping industry, according to WISTA Cyprus vice-president Maria Theodosiou, ...

Cyprus promoted its business environment and opportunities in financial technology at an international blockchain summit held in Washington and New York between September 29 and October 2, with government representatives taking part ...

Investment firm Demetra Holdings Plc purchased 5,140 of its own shares on October 19, 2026, as part of an ongoing share buyback programme, according to an official announcement published on Tuesday. The company ...

The European Union and China have called for greater stability in international shipping, with greener maritime transport, container markets and supply chain resilience dominating discussions in Shanghai, as Cyprus steps ...

Cyprus is stepping up efforts to attract Chinese shipping business, with Shipping Deputy Minister Marina Hadjimanolis holding talks with major maritime companies in Shanghai while calling for international environmental rules ...

Cyprus’ reliance on foreign workers grows as unemployment falls Cyprus’ unemployment rate fell to a historic low of 3.6 per cent in the second quarter of 2026, but demographic changes, housing costs ...

Cyprus is stepping up efforts to attract Israeli businesses and investors looking to expand into Europe, with investment officials, leading banks and financial regulators setting out new opportunities for cooperation ...

Finance Minister Makis Keravnos, House President Annita Demetriou and international businessman John Christodoulou will be among the speakers at the 17th Limassol Economic Forum, which takes place on Friday, October 23, 2026, ...

Advance bookings from Britain’s three largest tour operators for 2027 are running between 20 and 30 per cent below last year’s levels, raising fresh concerns for Cyprus’ tourism industry despite signs ...

The company contributed nearly €343 billion to the EU economy, including €22.3 billion directed to European suppliers, €27.4 billion invested across its European operations, and €39.5 billion in exports, while PMI’s European value ...

Artemis Credit Bureau, a subsidiary of the Association of Cyprus Banks (ACB), has helped introduce standardised environmental, social and governance (ESG) assessments to Cypriot businesses through an international platform designed ...

The Central Bank of Cyprus (CBC) has highlighted the importance of official statistics in helping citizens, businesses and policymakers understand economic and social developments, marking European Statistics Day on Tuesday. ...

Tourism and hospitality company Louis plc will ask shareholders to approve a restructuring and refinancing of the group’s borrowing at an extraordinary general meeting on November 11, under plans involving ...

International Chess Federation (FIDE) president Timur Turlov and Freedom24 chief executive Evgenii Tiapkin met President Nikos Christodoulides at the Presidential Palace in Nicosia on Monday to discuss the development of ...