Cyprus Business News

The long-delayed renovation of the Glafkos Clerides Sports Centre in Agros is finally moving ahead, after the Cyprus Sports Organisation (KOA) announced the repair and maintenance works this week. The €3.8 ...

The artificial intelligence (AI) revolution, digital health, e-commerce, and cybersecurity took centre stage at the international technology and innovation exhibition ‘Beyond’, held in Athens earlier this month. Cyprus was represented ...

AstroBank on Wednesday posted an after-tax profit of €41.8 million for the year ending December 31, 2024, along with a capital adequacy ratio of 31.1 per cent, its highest ever. AstroBank Chief Executive Officer ...

Gaming company DreamPlay has announced the launch of a new office and campus in Limassol, as part of its wider push to scale operations across Europe. The decision reflects the ...

The 15th Nicosia Economic Congress spotlighted Cyprus’ emerging generation of business leaders, highlighting a clear shift toward innovation, digital transformation, and socially conscious entrepreneurship. Supported by Hellenic Bank, this year’...

Interior Minister Constantinos Ioannou on Tuesday said that the government is moving ahead with a series of draft laws which aim to improve land development and construction processes in Cyprus. ...

Interior Minister Constantinos Ioannou on Tuesday said that the government is moving ahead with a series of draft laws which aim to improve land development and construction processes in Cyprus. ...

Cyprus continues to attract strong interest from Polish travellers, with 2024 marking an all-time record for arrivals from Poland, according to Deputy Tourism Minister Kostas Koumis. Speaking during promotional events held ...

The Cyprus Statistical Service released its bimonthly economic development bulletin on Tuesday, covering activity across a number of sectors for January and February 2025. Specifically, the report offers detailed updates on ...

The Limassol municipality has greenlit three large-scale projects aimed at upgrading the city’s public space. These include the reconstruction of Anexartisias Street, the creation of two green routes and ...

Cyprus remains heavily reliant on imported medicines, with only around 40 per cent of authorised pharmaceutical products actually available on the island, according to a European Commission staff working document on ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday reported that assets under management (AUM) by Collective Investments surged to €10.1 billion in the fourth quarter of 2024. This represents a quarter-on-quarter ...

My Mall Limassol is moving ahead with an expansion plan worth over €60 million, while Leptos Estates’ residential development Limassol Park is nearing key delivery dates, according to reports that emerged ...

Despite facing persistent structural challenges, the Cypriot manufacturing industry continues to demonstrate remarkable resilience in the face of international turbulence, according to the Employers and Industrialists Federation (Oev). Moreover, the ...

Cyprus-headquartered ASBIS Enterprises has published its remuneration report for the 2024 and 2023 financial years, offering a detailed view into the company’s executive pay practices, business strategy, and financial performance. The ...

Cypriot investment platform Sophic, backed by Athlos Capital, this week announced the launch of Money Market Funds (MMFs). The company described MMFs as a “new low-risk investment option designed to ...

Logicom Public Ltd has announced that its board of directors will convene on April 24, 2025, to examine the company’s audited consolidated financial statements for the financial year 2024. The meeting will ...

BYD, the world’s leading manufacturer of electric vehicles, has officially appointed Alpan Group as its national dealer partner in Cyprus, marking a major step forward in the country’s ...

The Cyprus Hoteliers Association (Pasyxe) on Monday reported a strong increase in hotel bookings during the current period ahead of Easter, reflecting heightened demand across the island. Speaking to the ...

The Cyprus Statistical Service (Cystat) on Monday reported a significant decline in the number of building permits issued during December 2024. Specifically, a total of 385 permits were authorised during this time, ...

Consumer protection service (CPS) officers on Monday began recording the prices of 41 key products at 125 retail premises across Cyprus, ahead of the Easter celebrations. The findings will be made public ...

London-based fintech app Plum, which also has offices in Cyprus, announced on Monday that it has secured £15 million in venture debt financing from global financial group BBVA. According to the ...

Hellenic Bank on Monday released a statement reaffirming its leadership in sustainability by becoming the first company in Cyprus to voluntarily adopt the Corporate Sustainability Reporting Directive (CSRD) and the ...

The Girls in STEAM Academy, in collaboration with Cyta, on Monday announced the launch of a new programme titled Etimes (Ready). This new initiative is aimed at supporting young women ...