Cyprus Business News

Genikes Insurance was named the best general sector insurance company in Cyprus for the fifth consecutive year in 2025, after being recognised by two international awards bodies for its performance, customer ...

Cypriots top EU workers in average earnings Cypriot citizens earned more on average than EU nationals working on the island during 2022, according to an earning report released on Thursday by ...

Research and innovation are now central to Cyprus’ economic model, with the country’s ecosystem markedly strengthened over the past two years, according to the Chief Scientist and chairman of ...

Cyprus and the United States have strengthened cooperation on the oversight of the auditing profession, according to an announcement released on Thursday. This involves the signing of a protocol and ...

OPAP Cyprus on Thursday announced that it will rebrand as Allwyn from January 2026, a move aimed at strengthening its connection with customers and aligning the company more closely with its ...

Cyprus needs stronger coordination and closer, continuous monitoring of public projects to avoid delays and cost overruns by 2028, Fiscal Council president Michalis Persianis has warned, pointing to structural weaknesses in ...

Deputy Minister of Tourism Kostas Koumis and Nicosia mayor Charalambos Prountzos met at the premises of the Nicosia municipality to discuss an action plan aimed at promoting the capital as ...

The Alfa Reisen travel agent network recently held a tourism conference in Cyprus, drawing strong participation from the German tourism industry and reinforcing the island’s efforts to deepen its ...

Lordos Hotels expects an improvement in its financial performance in 2025 compared with the previous year, according to the Cyprus stock exchange (CSE) announcement on Thursday. The group reported profit attributable ...

It is with great sadness that the Schulte Group announced the death of Hamburg shipowner and entrepreneur Heinrich Schulte, its long-standing chairman and shareholder, who died this week in Hamburg, ...

Final decisions on two proposed shopping centre developments in eastern Limassol are expected to be taken early in the new year, once the Council for Deviation Studies (SYMEPA) completes its ...

By Pavlos Loizou Larnaca is having a moment. New projects are announced, cranes appear on the skyline, and investor interest — particularly from overseas — is visibly rising. Yet beneath the optimism ...

The Cyprus Borrower Protection Association (Syprodat) this week announced that a new European Commission initiative on affordable housing highlights the urgent need for substantive housing policies in Cyprus. Syprodat explained ...

Cyprus recorded the lowest annual inflation rate in the European Union in November 2025, according to figures published by Eurostat, highlighting easing price pressures on the island at a time when ...

The Bank of Cyprus (BoC) has signed a strategic partnership with Avenga for the co-development of a new digital platform leveraging Agentic AI and the full suite of Microsoft Azure ...

Cyprus saw hourly wage costs rise by 3.5 per cent in the third quarter of 2025, according to Eurostat figures, reflecting continued labour cost pressures in line with broader trends across the ...

The Insurance Association of Cyprus (Saek) has officially joined the Global Federation of Insurance Associations (GFIA), the world’s pre-eminent federation for insurance trade bodies, in a move designed to ...

Inflation in Cyprus remained low in November, with the Harmonised Index of Consumer Prices rising by just 0.1 per cent year-on-year, according to data released by the Statistical Service (Cystat) on ...

Cyprus’ economy showed broad-based growth across industry, construction, trade and tourism in the first ten months of 2025, according to the statistical service (Cystat), reflecting continued economic momentum amid external uncertainty. ...

UK, Poland and Israel drive surge in November tourist arrivals Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength ...

Cyprus’ financial watchdog CySEC on Monday announced that it imposed a €100,000 administrative fine on Cyprus Investment Firm Wonderinterest Trading Ltd after identifying repeated breaches of licensing and conduct rules, in ...

Mikki Koskinen from Finland has been elected the next president of the European Community Shipowners’ Associations (ECSA). His term will start on January 1, 2026, and will last for two years. Nikolas ...

Alpha Bank Cyprus bets on green finance and innovation after merger Alpha Bank Cyprus on Wednesday said that 2025 marked a milestone year that reshaped its position in the local market. ...

Christos Nicolaou, the president of the Cyprus Real Estate Agents Association (Skek) and a candidate for the Cyprus Real Estate Agents Registration Council (Sek), has publicly challenged the long-standing leadership ...