Cyprus Business News

The Cabinet on Wednesday approved a new €2.5 million scheme to promote the adoption of electric vehicles in Cyprus, according to Transport Minister Alexis Vafeades. He said the plan aims to ...

As the maritime world marked the Day of the Seafarer on June 25, Columbia Group chose to shine a light on one of the industry’s most pressing issues, harassment at ...

Demetra Holdings Plc reported a profit of €132.5 million for 2024 during its annual general meeting on June 24, with acting chairman Nearchos Ioannou addressing shareholders. Opening the meeting, Ioannou thanked shareholders for ...

Cypriot beverage company KEO plc on Wednesday announced that its board of directors has approved the payment of an interim dividend amounting to €1,687,276.92. This figure, which was decided during a ...

Tax incentives offered to attract international and Cypriot professionals to Cyprus have resulted in €406.6 million in tax exemptions over a three-year period, benefiting 25,277 employees who moved to the island for ...

Cypriot businesses are struggling to fill vacancies across sectors due to a growing labour shortage, according to Philokypros Rousounides, secretary general of the Cyprus Chamber of Commerce and Industry (Keve). ...

Cyprus’ upcoming assumption of the EU council presidency was brought into focus by Deputy Tourism Minister Kostas Koumis during a ministerial meeting held under the Polish presidency in Warsaw. During ...

Cyprus marked the Day of the Seafarer on June 25 with a message of gratitude and solidarity to maritime workers around the world, underlining their critical role in global trade and ...

Trade unions are raising objections over the privatisation of the Cyprus Stock Exchange (CSE), warning that staff rights have not been fully safeguarded under the draft law currently before Parliament. ...

The Cyprus Chamber of Commerce and Industry (Keve), in collaboration with the Office of the Commissioner for State Aid Control, has announced the organisation of a presentation focused on state ...

AstroBank on Tuesday announced that it has signed an agreement to sell nearly all its assets, liabilities and staff to Alpha Bank Cyprus, creating the country’s third largest bank. ...

Aegean has clinched the title of Best Regional Airline in Europe at the World Airline Awards 2025, extending its remarkable winning streak to 14 consecutive years, according to an announcement released on ...

The Central Bank of Cyprus (CBC), which chairs the National SWIFT Users Group (NSUG), held a high-level online meeting on June 20, with the participation of 45 representatives from Cypriot financial institutions ...

PwC Cyprus recently held an award ceremony to honour seven employees for their exceptional performance in the ACCA exams conducted between September 2024 and March 2025, according to an announcement released on ...

In a statement released on Tuesday, following a meeting with president Nikos Christodoulides, the Cyprus Real Estate Developers Association underlined the significant role played by the island’s real estate ...

The consumer protection service has reported mixed movements in Cyprus’ consumer prices for May 2025. The service highlighted increases in frozen molluscs and shellfish, oils, eggs and fish, while noting marked ...

Cyprus’ banking sector recorded one of the highest profitability and capital adequacy levels in the European Union at the end of 2024, according to the European Central Bank (ECB). The figures ...

BrainRocket joins TechIsland as donor, expanding support for Cyprus tech ecosystem Cyprus-based BrainRocket has joined TechIsland as one of the association’s donors, further strengthening its ties to the local ...

Senior executives from across Cyprus’ public and private sectors gathered in Nicosia last week for the 4th Cyprus Association of Information Technology Enterprises (CITEA) Digital Cyprus Conference. The event examined ...

Trade unions are raising objections over the privatisation of the Cyprus Stock Exchange (CSE), warning that staff rights have not been fully safeguarded under the draft law currently before Parliament. ...

Cyprus-based Matrix Ship Management has appointed Geoff Ramsay as head of ship management, a newly created role aimed at strengthening the company’s leadership team amid ongoing international expansion. Ramsay ...

Paphos has emerged as the strongest performer for high-end houses in Cyprus’ residential property market, according to a report released on Monday by Landbank Analytics. The report showed that average ...

ASBISc Enterprises Plc announced this week a significant year-on-year increase in its estimated consolidated revenues for May 2025. According to an announcement on the Cyprus Stock Exchange (CSE), the board of ...

Ermes Department Store Plc on Monday announced the appointment of Polys Michaelides as an independent non-executive director of the company’s board of directors. According to the relevant submission to ...