Cyprus Business News

Inflation in Cyprus eased to 2.1 per cent in March, down from 2.3 per cent in February, according to the latest flash estimate from Eurostat. However, this marks a slight increase from ...

Cyprus enters 2025 with optimism for its tourism sector, which is expected to match or surpass that of 2024, itself a record-breaking year, deputy minister Kostas Koumis said on Tuesday. Last year, ...

As the Mediterranean’s rising star, Cyprus continues to attract investors looking for high-yield property opportunities.   With a booming economy, a favourable tax regime, and a strategic location bridging Europe, ...

The Cyprus Composite Leading Economic Index (CCLEI), compiled by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-on-year increase of 2.9 per cent in February 2025. This follows ...

Cyprus’ Producer Price Index (PPI) in industry for February 2025 fell by 0.5 per cent year-on-year in February, according a report released this week by the state statistical service. Specifically, the index ...

The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical capital buffer (CCyB) at 1.5 per cent, with the measure set to take effect from January 14, 2026. In an official ...

The Industrial Production Index in Cyprus recorded a significant increase of 4.3 per cent in January 2025 compared to the same month in 2024, according to the state statistical service. This increase pushed ...

SOFTSWISS, a leading international technology company specialising in iGaming software development, is set to participate in this year’s Reflect Festival as a Bronze Sponsor. The festival, scheduled to take ...

Cyprus’ hourly labour costs saw a modest increase yet remain below the European average, according to the latest Eurostat data. The average hourly labour cost in Cyprus in 2024 rose to €21, ...

Pharmaceuticals, alongside halloumi cheese, remained key drivers of Cyprus’ exports in 2024, despite a slight downturn, according to the Cyprus Statistical Service (Cystat). Specifically, pharmaceuticals accounted for 14.4 per cent of the ...

Cyprus’ major trade unions, including public servants’ union Pasydy and the trade union Sek, have firmly opposed some of the International Monetary Fund’s (IMF) latest recommendations, following its Article ...

The Cypriot residential real estate market experienced a strong year in 2024, with new home sales exceeding €2 billion, according to a report released on Monday by Landbank Real Estate Analytics. The ...

The Crystal Springs Beach Hotel in Protaras is set to undergo an expansion, with Derova Ltd announcing a €13.5 million development project to improve the facility and increase its capacity. This ...

Mike Vasiliev, CEO of AI-powered property startup Placy, is no stranger to the intersection of real estate and technology. With over two decades of experience in the field, he has ...

The Industrial Production Index in Cyprus recorded a significant increase of 4.3 per cent in January 2025 compared to the same month in 2024, according to the state statistical service. This increase pushed ...

The Cyprus Borrowers Association (Syprodat) released a statement on Monday saying that despite recent interest rate cuts by the European Central Bank (ECB), many borrowers have not noticed a decrease ...

The majority of Cypriots are experiencing increasing financial insecurity, a situation that demands serious attention, according to the Cyprus Borrowers Association (Syprodat). In a statement released this week, the association ...

Cyprus has shown resilience in the face of successive economic shocks, with growth remaining among the highest in the euro area, according to the International Monetary Fund (IMF). In a ...

The Finance Ministry has welcomed the observations and recommendations made by the International Monetary Fund (IMF) during its mission to Cyprus as part of the Article IV consultations. In a ...

Cyprus’ Deputy Ministry of Shipping on Friday announced the launch of the second Gender Equality Award in Cypriot Shipping for 2025. This follows a decision by the Cabinet to establish the ...

Prestigious Annual Awards Program Recognizes Standout Financial Technology Products & Companies Around the World Libertex, part of the Libertex Group and one of the leading online brokers, today announced that ...

The board of directors of Hellenic Bank has decided to proceed with the merger of the bank with Eurobank Cyprus, it emerged on Friday. Hellenic Bank officially announced that the ...

Cyprus has shown resilience in the face of successive economic shocks, with growth remaining among the highest in the euro area, according to the International Monetary Fund (IMF). In a ...

Cyprus has recorded the most significant progress among European Union countries in reducing non-performing loans, according to a new report by Scope Ratings. The non-performing loan (NPL) ratio in Cyprus ...