Cyprus Business News

The Cyprus Borrowers Association (Syprodat) this week described as a “significant turning point” the decision by the Consumer Protection Service to impose fines on the Bank of Cyprus and Eurobank ...

Foreign demand for property in Paphos continues to dominate Cyprus’ real estate market, with 5,477 applications submitted by third-country nationals to acquire property in the district over the past five years, ...

Paphos marked World Tourism Day by highlighting its drive towards sustainable and digital transformation in the sector. The Paphos Regional Tourism Board (Etap) pointed to efforts to make travel to ...

Construction material producer Kythreotis Holdings on Friday reported a 28 per cent rise in profit for the first half of 2025, driven by stronger income from its ready-mix concrete operations. Net profit ...

Agros development company Proodos Public Ltd, which manages the Rodon Hotel in Agros, has appointed Karan Chainrai as a non-independent, non-executive director in a move it said aims to further ...

The National Betting Authority on Friday reported that Cyprus’ betting sector revenues remained steady in the first quarter of 2025, holding at last year’s levels but marking a sharp rise ...

The European Union relied heavily on maritime transport for international trade in goods in 2024, Eurostat data showed this week. Imports by sea reached 1.1 billion tonnes, valued at €1.25 trillion, while exports ...

Cyprus has issued more than 500 digital nomad visas since the scheme was launched on October 15, 2021, as part of efforts to position the island as a hub for remote workers and ...

The Cyprus Chamber of Commerce and Industry (Keve) this week hosted an event titled “The Geostrategic Position of Cyprus in the Modern World”, featuring strategic analyst, mathematician and author Nikos ...

Bank deposits in Cyprus rose by a net €44.3 million in August, according to the latest deposit and loan statistics published by the Central Bank of Cyprus (CBC) this week. At ...

Two financing agreements totalling €55 million were signed on Thursday by Finance Minister Makis Keravnos, EIB vice president Kyriacos Kakouris and CING chief executive Leonidas Phylactou. At the signing, which took ...

The Cyprus Trading Corporation Plc, Ermes Department Stores Plc and Woolworth (Cyprus) Properties Plc this week announced a delay in the publication of their audited financial statements for the year ...

Two financing agreements totalling €55 million were signed on Thursday by Finance Minister Makis Keravnos, EIB vice president Kyriacos Kakouris and CING chief executive Leonidas Phylactou. At the signing, which took ...

Petrolina (Holdings) Public Limited on Thursday announced a pre-dividend, after-tax profit of €3 million for the first half of 2025, marking a significant turnaround from a loss of €707,000 in the same period ...

Cyprus’ tourist accommodation sector continued to rely heavily on foreign visitors in the first half of 2025, according to Eurostat data published on Thursday. The figures were released to mark World ...

The Consumer Protection Service (CPS) announced this week that it is investigating complaints from consumers against a travel agency that has allegedly failed to meet its obligations to clients. Speaking ...

The Secretary-General of the International Maritime Organisation (IMO), Arsenio Dominguez, warned that the ocean is under threat, stressing that its decline is driven by human activities but can still be ...

Cyprus’ state-owned asset management company Kedipes posted mixed results in the first half of 2025, with stronger restructuring activity offset by weaker inflows, while continuing to repay state aid and expand ...

Limassol port operator DP World marked World Maritime Day on Thursday by lighting up the Limassol Cruise Terminal building in blue. World Maritime Day is an annual observance established by ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday issued a statement reaffirming that the country’s regulatory framework for the investment and capital markets sector is fully aligned with ...

Atlantic Insurance held its annual general meeting this week, where shareholders approved the company’s annual report for 2024. This included the management report, the corporate governance report, the audited consolidated ...

The Cyprus Property Developers Association this week welcomed progress in drafting a modern legal framework for co-owned buildings, saying it would address long-standing problems and improve residents’ quality of life.  ...

This year’s European Researchers’ Night is set to take place in Nicosia on Friday, September 26, offering Cypriot audiences a full-day programme of scientific and technological activities. The event, which ...

Lordos Hotels reported a sharp turnaround in its first-half results for 2025, posting a net profit of €605,800 compared with a loss of €236,800 a year earlier, the company said this week. Profits ...