Cyprus Business News

The Finance Ministry’s directorate general for development on Monday outlined the outcomes of recent European Social Fund Plus (ESF+) discussions held in Nicosia under the Cypriot Presidency of the ...

Demetra Holdings Plc on Monday announced that it acquired 6,700 of its own shares on April 17, 2026, as part of its ongoing capital management strategy authorised by the company’s shareholders. The ...

The Cyprus Stock Exchange (CSE) announced on Monday the suspension of trading for the Republic of Cyprus’ 13-week Treasury Bills (Series 2026, First Issue) ahead of their delisting. The securities, which ...

Cyprus’ Foreign Ministry, the Employers and Industrialists Federation (Oev) and the Pancyprian Pharmaceutical Manufacturers Association (Paef) recently signed a memorandum of cooperation to promote joint actions in humanitarian aid and ...

The Treasury on Monday announced its strategic plan for the period 2027–2029, outlining its priorities and operational framework for the coming years. According to the announcement, the strategic planning framework defines ...

The Cyprus Information Technology Enterprises Association (CITEA) is stepping up efforts to strengthen the international outreach of its members, with its newly appointed board placing fresh emphasis on creating tangible ...

The Cyprus economy continued to grow robustly in 2025, with updated data from the Cyprus Statistical Service (Cystat) confirming continued expansion both annually and in the final quarter of the year. ...

Construction material prices in Cyprus continued to rise, with the price index of construction materials showing both monthly and annual increases in March, according to a report from the state ...

Civil servants trade union Pasydy welcomed the submission to parliament of three bills aimed at overhauling recruitment in public service, saying the existing system was marked by serious weaknesses and ...

The cost of implementing the digital euro could reach €18 billion, according to a new study, far exceeding previous figures cited by the European Central Bank (ECB). The updated cost study ...

Eurobank S.A. on Monday announced that it had repurchased more than one million shares as part of its ongoing share buyback programme. In a filing to both the Cyprus ...

Finding a home at a reasonable price in Cyprus is becoming increasingly difficult, with rents continuing to absorb a growing share of household income, especially for low-income earners. According to ...

Cyprus’ economy showed mixed but generally positive developments in early 2026, with gains in construction, tourism, and vehicle registrations offset by declines in trade, according to a report from the state ...

Cyprus was among the countries that posted solid gains in real minimum wages in 2026, even as inflation continued to erode purchasing power across much of Europe, according to an analysis ...

Cyprus tourism is showing the first signs of recovery after the geopolitical crisis battered bookings and fuelled misleading impressions abroad that the island was directly involved in the war, with ...

The Bank of Cyprus (BoC) was named ‘Best Private Bank Cyprus 2026’ in the Global Banking & Finance Awards, organised by Global Banking & Finance Review, in recognition of its standing ...

In the past few years, more and more high-growth companies have quietly shifted from selling in the public market to staying private for longer periods of growth. This shift is ...

The Cyprus Chamber of Commerce and Industry (Keve) has announced a training seminar on generative artificial intelligence tools, aimed at enhancing the integration of AI into business operations. The programme, ...

The Cyprus Ports Authority (CPA) has launched a tender for the granting of a licence to use and operate premises at the Old Port of Limassol, with an estimated value ...

Poland’s upgrade of its travel advisory for Cyprus to level 1 marks a positive development for the country’s tourism outlook, according to Deputy Minister of Tourism Kostas Koumis. The ...

Flights from Israel to Cyprus are expected to resume this week week, offering a reprieve to the island’s tourism sector, according to Cyprus Hoteliers Association (Pasyxe) director general Christos ...

State Aid Commissioner Stella Michaelidou has approved a state grant to Plug and Play Cyprus Innovation Centre to cover its operational costs, among other expenses. According to an announcement released ...

The Employers and Industrialists Federation (Oev) has outlined key labour developments for 2025 ahead of its annual general assembly later this month. Specifically, the assembly will take place in Nicosia on ...

By Pavlos Loizou, CEO Ask Wire  Walk through the centre of Nicosia, Limassol, or Larnaca and the pattern becomes impossible to ignore. Vacant plots sitting idle for decades. Buildings — put ...