Cyprus Business News

Hourly labour costs in Cyprus rose by 3.5 per cent in the third quarter of 2025, compared with the corresponding quarter of the previous year, according to provisional data released by the ...

The Central Bank of Cyprus (CBC) on Tuesday reported a sharp improvement in loan quality across the Cypriot banking sector, alongside a decline in profitability, reflecting changing conditions across the ...

Cyprus among EU leaders in GenAI use Cyprus ranked among the leading countries in Europe for the use of generative artificial intelligence in 2025, according to Eurostat, highlighting the island’s ...

Cyprus’ social spending drops to 19.2 per cent of GDP in 2023 Social protection expenditure fell as a percentage of Gross Domestic Product (GDP) in 2023, even as the total spending increased in ...

Eurobank highlighted the importance of embedding environmental, social and governance (ESG) principles into core business strategy rather than treating them as a communications exercise, during its participation in the 4th ...

Cypriots made more than 237,000 trips abroad for business purposes in 2024, while Cyprus itself recorded close to 279,000 business-related arrivals by foreign visitors over the same period, according to the Cyprus Statistical ...

Cyprus continued to record relatively low levels of payment fraud in 2024, even as European banking supervisors warn that the overall risk landscape is evolving, with criminals increasingly shifting tactics rather ...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday welcomed the signing of a new strategic agreement between Cyprus and France. In its announcement, the chamber said that the ...

Cyprus recorded strong growth in industrial production in October 2025, outperforming the euro area and EU averages, according to new figures released this week by Eurostat. Eurostat reported that in October 2025, ...

Cyprus recorded one of the largest deficits in personal transfers in the European Union during 2024, according to Eurostat, highlighting the scale of money flowing out of the country to households ...

Cyprus and Vietnam further strengthened their bilateral ties on Wednesday with the signing of a double tax treaty. The agreement, signed at the finance ministry in Nicosia, aims to boost ...

Cyprus and Vietnam further strengthened their bilateral ties on Wednesday with the signing of a double tax treaty. The agreement, signed at the finance ministry in Nicosia, aims to boost ...

Employment in the broad public sector in Cyprus stood at 74,431 in the third quarter of 2025, an increase of 1.8 per cent year-on-year, according to figures released on Monday by the statistical ...

The long-planned mixed-use project on the site of the former Curium Palace hotel in Limassol is advancing towards licensing, with authorities yet to finalise key planning and building permits, industry ...

Cyprus’ Statistical Service (Cystat) on Monday announced that turnover increased in wholesale trade and in the trade and repair of motor vehicles during the third quarter of 2025, reflecting continued economic ...

Young in people in Cyprus were less likely than most of their European peers to drop out of formal education or training during 2024, according to Eurostat, highlighting the island’s ...

Cyprus experienced decline in job vacancies in the third quarter of 2025, according to the state statistical service (Cystat). This signals easing labour demand across the economy as hiring slowed during ...

Cyprus’ statistical service (Cystat) on Monday reported a decline in the number of building permits issued between January and August 2025, reflecting a slowdown in authorisations even as the overall value ...

Eurobank chief executive officer Fokion Karavias said investments are a national necessity and Cyprus plays a pivotal role in the group’s future, in a wide-ranging interview with Greek business ...

Eurogate Limassol is preparing to expand storage capacity at its Container Terminal by demolishing one of two warehouses that pre-date the port’s privatisation, a move that Chief Operating Officer ...

The Cyprus Chamber of Commerce and Industry (Keve), in collaboration with the Cyprus Research and Innovation Enterprises Association (CRIEA), on Monday announced the creation of the Cyprus Defence and Space ...

Cyprus has marked its most ambitious participation yet at the Robotex International World Robotics Competition in Tallinn, Estonia, with a record-sized delegation and impressive performances across multiple disciplines, said the ...

Europe is pressing ahead with plans to strengthen its shipping, shipbuilding and ports sectors, despite stalled global talks on decarbonisation, with the European Commission preparing two major strategies aimed at ...

Cyprus-based Columbia Shipmanagement (CSM), a member of the Columbia Group, is operating against a backdrop of accelerating regional momentum, as the group continues to deepen its footprint across the Middle ...