Cyprus Business News

Cyprus-based technology company Powersoft365 will return to Indonesia later this month with eight operational AI agents developed for the apparel, fashion and retail industry.  The company will showcase the technology ...

AI increasingly shapes fintech jobs, research finds Cyprus remained the leading global hiring hub for online trading firms as of July 14, 2026, with 226 vacancies, even as overall recruitment across the sector ...

Analysis from the Central Bank of Cyprus links stronger internal audit to public trust The Central Bank of Cyprus (CBC) has published a piece of analysis by its internal audit ...

Citi has raised its target price for Alpha Bank to €5.30 from €4.70 following the Greek lender’s strong second-quarter results, while retaining its buy recommendation for the shares. Based on Alpha ...

Hotels in Limassol have reached around 90 per cent occupancy in August, matching last year’s booking levels as a rise in last-minute reservations helped the city recover from earlier concerns ...

The Cyprus Stock Exchange (CSE) has announced that listed entity Upyachting Management PLC has officially changed its name to UP Ventures PLC. This corporate rebrand on the Emerging Companies Market (...

Demetra Holdings Plc bought back 3,630 of its own shares on August 10, 2026, as part of its ongoing capital management strategy on the Cyprus Stock Exchange (CSE). The announcement was formally made ...

Limassol hotel occupancy reaches 90 per cent in August on late bookings surge Hotels in Limassol have reached around 90 per cent occupancy in August, matching last year’s booking levels as ...

Freedom Holding Corp, the parent company of Freedom24, reported a 40 per cent year-on-year increase in net revenue for the first quarter of its 2027 financial year, driven by strong growth across ...

Cyprus’ state workforce reached 53,747 employees in July 2026, rising by 300 people or 0.6 per cent from 53,447 a year earlier, according to figures released by the statistical service (Cystat). The increase came as ...

PR expert sees untapped potential in Cyprus innovation scene Cyprus’ startup and investment scene is expanding rapidly, but founders still face the challenge of making their businesses visible beyond the ...

Cyprus-based biotech innovator Marianna Prokopi-Demetriades has been named the 2026 Study UK Alumni Awards global winner for Business and Innovation, becoming one of only four people worldwide to receive the British ...

The Cyprus Stock Exchange (CSE) announced on Tuesday that it will suspend trading in the securities of six listed companies from August 13, 2026, after they failed to submit and publish their ...

Alpha Bank S.A. has announced that its share capital has been updated following the formal cancellation of 59,018,043 treasury shares. The lender explained that the capital adjustment was carried out ...

Gaming operator Allwyn AG acquired a total of 530,414 of its own shares on Euronext Athens between August 3, 2026, and August 7, 2026, as part of its ongoing share buyback programme. According to a ...

The National Bank of Greece acquired a total of 650,000 of its own ordinary shares between July 31, 2026, and August 7, 2026, as part of the first tranche of its approved buyback programme. According ...

UK travellers remain top source of airport traffic in Cyprus Cyprus’ airports handled over 1.63 million passengers in July 2026, with passenger traffic narrowing its year-on-year decline to just 1 per cent as ...

A new free mobile app helping people in Cyprus report signs of wildfires, receive nearby alerts and access key fire-safety information has gone live, with TechIsland and Brickworks Games launching ...

Cyprus-based GlobalWealth Group PLC has approved and signed an investment agreement to acquire interests in a €2.5 million hotel development in Barbati, Corfu, as part of its strategy to expand its ...

The Cyprus Composite Leading Economic Index (CCLEI) recorded a 0.43 per cent year-on-year decline in July 2026, according to the latest revised data from the Economics Research Centre of the University of ...

Eurobank announced on Monday that it repurchased a total of 1,099,627 own shares on Euronext Athens between August 3, 2026, and August 7, 2026. The lender executed the share buyback transactions at an average purchase ...

Demetra Holdings Plc announced on Monday that it repurchased a total of 3,559 own shares for €5,196.14 on the Cyprus Stock Exchange (CSE) on August 7, 2026. The investment company executed the transaction through ...

Cyprus’ trade deficit widened sharply during the first half of 2026, reaching €4.68 billion, as imports continued to grow while exports moved in the opposite direction, according to figures released on Monday ...

Euroxx Research has raised its earnings forecasts for the Bank of Cyprus for 2026-2028 and increased its target price for the lender’s shares to €13 from €11.50, following stronger-than-expected first-half results. ...