Cyprus Business News

Nuclear energy continues to play a critical role in the European Union’s energy mix, covering approximately 22.8 per cent of total electricity generation, according to former chairman of the Cyprus ...

Here are the top business stories in Cyprus from the week starting April 21: Workplace equality, support for vulnerable groups, and social enterprises are becoming key priorities under ESG’s social ...

The Cyprus property market has recorded a robust performance in the first quarter of 2025, with both transaction volumes and sales values reflecting strong momentum, according to a report by the ...

The Central Bank of Cyprus (CBC) on Friday announced that the reference interest rate for loan transactions has been set at 11.42 per cent. This reference rate serves as a legal ...

The Republic of Cyprus significantly narrowed its fiscal deficit in the fourth quarter of 2024, according to preliminary figures published by the Cyprus Statistical Service (Cystat) on Friday. The general government ...

Logicom Public Ltd has announced that its board of directors has approved the company’s annual financial report for the year 2024. This includes the group’s and the parent company’...

The Bank of Cyprus Holdings Public Limited Company announced on Friday that it has repurchased a total of 227,383 of its own ordinary shares between April 17 and April 24, 2025, as part of ...

A global greenhouse gas pricing mechanism, approved at MEPC 83 this week, marks a turning point for international shipping. For the first time, emissions will come at a cost, starting at $100 ...

The Cyprus property market has recorded a robust performance in the first quarter of 2025, with both transaction volumes and sales values reflecting strong momentum, according to a report by the ...

Larnaca has been ranked the number one European destination for baby boomers, according to a new survey released this week by global travel operator TUI. In addition, two Greek islands ...

Girls aged 16 to 19 in the EU showed stronger digital content creation skills than the general population in 2023, a trend also seen in Cyprus, according to Eurostat. However, the percentage of ...

The future of maritime transport depends on suppliers and service firms, especially amid the shift to green and digital solutions, according to Deputy Shipping Minister Marina Hadjimanolis. Speaking at the ...

The Mall of Cyprus (MC) Plc this week reported a strong financial performance for the year ended December 31, 2024, with net profit after tax reaching €10.46 million, up from €9.67 million in 2023. The ...

The world’s leading startup pitch competition, Startup World Cup, is returning to Cyprus for the second year in a row, organisers confirmed in an announcement issued on Thursday. Presented ...

Maritime firm Safe Bulkers, led by Cypriot shipowner Polys Hajioannou, recently took delivery of the 82,000 dwt Kamsarmax-class bulk carrier ‘EFROSSINI’, built by Japan’s Oshima Shipbuilding. The vessel, which flies ...

Cyprus’ Construction Materials Price Index rose by 1.09 per cent year-on-year during the first quarter of 2025, according to data released on Thursday by the Cyprus Statistical Service (Cystat). The index reached 118.81 ...

The Association of Cyprus Electronic Money and Payment Institutions (ACEMPI), part of the Cyprus Chamber of Commerce and Industry (Keve), held its annual general meeting earlier this month in Nicosia. ...

Cyprus has signed an agreement with the Kingdom of the Netherlands to eliminate double taxation concerning Curacao, according to an official announcement released on Thursday. The announcement mentioned that the ...

The Paphos regional tourism board (Etap) announced this week that it is reviving its free guided tours to the Akamas communities over the next two months, aiming to highlight local ...

Limassol hosts 57 active agrotourism businesses offering quality stays in traditional and character-filled properties, according to Annita Dimitriadou, president of the Cyprus Agrotourism Company (Kea). Speaking to the Limassol Chamber of ...

Cyprus-based Municorn, a software company in Limassol, has claimed the top spot in Deloitte’s Technology Fast 50 Middle East and Cyprus rankings, with an extraordinary revenue growth rate of 20,164 per ...

The Mall of Engomi (ME) Plc has reported a robust financial turnaround for the year ended December 31, 2024, recording a profit after tax of €1.13 million, a sharp reversal from the €347,635 loss ...

The Cyprus Stock Exchange (CSE) has officially announced the admission of a new issue of government treasury bills, in accordance with Article 58(1) of the Cyprus Securities and Stock Exchange Law. ...

The Mall of Cyprus (MC) Plc this week reported a strong financial performance for the year ended December 31, 2024, with net profit after tax reaching €10.46 million, up from €9.67 million in 2023. The ...