Cyprus Business News

The Bank of Cyprus (BoC) has been named the best bank in Cyprus in the World’s Best Banks Awards 2026 by Global Finance, with the international publication citing the lender’...

The Cyprus Presidency of the Council of the EU advanced key transport and maritime files in Luxembourg on Monday, as ministers adopted conclusions on European shipping and ports, while also ...

Space technologies, Earth Observation and artificial intelligence are becoming strategic tools for Europe’s competitiveness, resilience and security, speakers said at a high-level forum held in Nicosia under the auspices ...

Safe Bulkers has signed a definitive agreement for the construction and acquisition, through financial leasing, of a newbuild capesize vessel with a capacity of 182,000 deadweight tonnes, the company announced. The ...

The resilience of the Greek economy remains a key pillar of the positive investment narrative for Greek banks, according to a new report by Jefferies, which maintains a buy recommendation ...

Nine bi-communal business partnerships received a total of €500,000 in Nicosia on Monday, at an awards ceremony that placed cooperation between Greek Cypriot and Turkish Cypriot entrepreneurs at the centre of ...

Eurobank has projected that its total financing in Crete between 2023 and 2028 will exceed €1.3bn, underlining what it describes as a long-term commitment to supporting the island’s development trajectory and ...

The Cyprus Cement Public Company Ltd announced this week that it has proceeded with a share buyback transaction, purchasing its own shares in line with a prior shareholder decision and ...

Shareholders of Lanitis Golf Public Co Limited gathered in Limassol on June 4, for the company’s annual general meeting to approve key financial and governance resolutions. According to an announcement ...

The Central Bank of Cyprus (CBC) has reported that the transmission of European Central Bank (ECB) interest rate changes remains weaker in the Cypriot banking sector compared with most euro ...

Cyprus’ total beer deliveries fell by 2.4 per cent year-on-year in May, driven by a steep contraction in exports, according to the Cyprus Statistical Service (Cystat). According to the data, total ...

Nine bi-communal business partnerships received a total of €500,000 in Nicosia on Monday, at an awards ceremony that placed cooperation between Greek Cypriot and Turkish Cypriot entrepreneurs at the centre of ...

Q: Luxury real estate has traditionally been associated with lifestyle. Why is the conversation changing now? For many years, luxury property was primarily marketed through emotion: lifestyle, design, location and ...

The Central Bank of Cyprus (CBC) will host a round table discussion on financial literacy on June 18, bringing together senior European central banking figures and presenting new research on public ...

The Cyprus Chamber of Commerce and Industry (Keve) has announced the launch of applications for the 2026 edition of its youth entrepreneurship awards, marking the ninth consecutive year of the initiative. ...

Total employment in Cyprus increased by 2 per cent year-on-year during the first quarter of 2026, reaching an estimated 513,367 people, according to the state statistical service (Cystat). The figures were released in ...

Shipping Symposium Cyprus’ 26 will take place in Limassol later this month, bringing together leading figures to discuss the challenges, realities and opportunities facing the maritime sector. The event, which carries ...

Cyprus recorded increases in labour productivity during the first quarter of 2026, according to Eurostat, outperforming the overall European Union average in terms of output per employed person. The figures showed ...

Cyprus’ apparent cost of government debt increased to 2 per cent in 2025, while the country’s debt remained overwhelmingly denominated in euro in line with the wider euro area, according to ...

The Central Knowledge Transfer Office (CKTO) of the Research and Innovation Foundation (RIF) has completed three years of full operation. In an announcement released on Monday to mark the occasion, ...

Greek retail chain Jumbo said sales at its Cyprus stores rose by around 9 per cent year-on-year in May 2026, marking a strong recovery after the Easter-related slowdown recorded in April.  For ...

Sir Stelios Haji-Ioannou returned to Pedoulas on June 6, marking his first visit in 16 years to the mountain village where his father, Loucas Haji-Ioannou, was born. The visit was described as ...

Bernhard Schulte Shipmanagement (BSM) has appointed Elena Pantazidou as Chief People Officer, effective June 1, 2026, reporting to the Chief Executive Officer. As a member of BSM’s Management Board, Pantazidou joined ...

Retail trade volume in Cyprus declined by 1 per cent during April 2026, according to seasonally adjusted data from Eurostat. This downturn represents a reversal for the Cypriot market, which had previously ...