Cyprus Business News

Cyprus’ public debt is expected to fall close to 50 per cent of GDP by the end of 2025, well ahead of earlier targets that foresaw a drop below 60 per cent by ...

Cyprus’ public debt is expected to fall close to 50 per cent of GDP by the end of 2025, well ahead of earlier targets that foresaw a drop below 60 per cent by ...

Petroleum product sales in Cyprus rose by 7.7 per cent in July 2025 compared to the same month last year, reaching 144,790 tonnes, according to the statistical service (Cystat). The increase was largely ...

Cyprus’ tourism industry set a new record in 2024, surpassing four million visitors for the first time while posting revenues of more than €3.2 billion. The record came despite geopolitical instability in ...

The long-awaited call for investor interest in the Paphos marina at Potima is expected to be announced in late August or early September, according to Paphos Chamber of Commerce and ...

Columbia group Asia Region, headquartered in Limassol but with 33 management offices across the world, chief executive Demetris Chrysostomou has rejected claims that Asian shipowners are falling behind their European and ...

Cyprus Seeds collaborated with Conception X, which runs the UK’s leading PhD deep-tech venture programme, turning researchers into startup founders. The collaboration was described as a milestone in Cyprus ...

Cyprus and Saudi Arabia will sign a memorandum of cooperation (MoU) in tourism “in the immediate future” following a teleconference this week between Deputy Minister of Tourism Costas Koumis and ...

Shipowners are facing mounting scrutiny over scrubber technology, which while curbing sulphur oxides in the air, discharges harmful contaminants into the sea. Cyprus, like several other European countries, has already ...

FIBA EuroBasket 2025 will be staged at Limassol’s Spyros Kyprianou Sports Centre from August 28 to September 4, marking Cyprus’ debut in the tournament. Deputy Minister of Tourism Costas Koumis said the ...

Cyprus has ranked bottom among EU member states in the latest Sustainable Development Report (SDR), released by the Sustainable Development Solutions Network (SDSN). The island placed 56th globally out of 167 ...

Cyprus leisure centres enjoyed strong business during the August 15 holiday, but industry leaders warned that all-inclusive packages and the rapid growth of Airbnb rentals are putting increasing pressure on restaurants, ...

The Pavlakis family group has completed an extensive renovation programme at its three Ayia Napa hotels, Nissi Beach Resort, Nissi Park and Alion Beach, as part of a long-standing policy ...

Greek shipowners control 21 per cent of the world’s merchant fleet with 5,520 vessels, maintaining their lead as the largest shipping power globally. Fleet capacity has grown by 50 per cent over ...

Cyprus’ accession to the Schengen Zone is of “key importance,” the association of large investment projects said, arguing that it could strengthen the country’s image as a safe and ...

Cyprus’ accession to the Schengen Zone is of “key importance,” the association of large investment projects said, arguing that it could strengthen the country’s image as a safe and ...

Europe’s shipping industry will face its first financial bill under the European Union’s Emissions Trading System (EU ETS) on September 30, marking a watershed moment in efforts to curb ...

Bank of Cyprus (BoC) has become the first lender on the island to allow customers to apply for a mortgage loan entirely online, with responses provided within 24 hours. The new ...

A Europe-wide survey has ranked Cyprus fifth for expat entrepreneurs, citing its strong startup density and solid survival rates, though limited venture capital remains a challenge. According to research by ...

Here are the top business stories in Cyprus from the week starting August 18: Sports media platform Tribuna.com co-founder Dmitry Navosha has shared his story with the Cyprus Mail in ...

The Deputy Ministry of Tourism has launched a tender for hotel rooms in Nicosia to accommodate thousands of delegates expected during Cyprus’ presidency of the Council of Europe from January ...

The Cyprus Stock Exchange (CSE) on Friday announced the continuation of the suspension of trading of shares of ZREES Fraction Plc on the Emerging Companies Market for an additional two ...

Chief Scientist Demetris Skourides and Professor Konstantinos Zamboglou, Medical Director of the German Medical Institute (GMI), met in Limassol as part of the ongoing review of Agora 3.0, a strategic infrastructure ...

ASBISc Enterprises Plc has announced estimated consolidated revenues for July 2025, reporting a significant year-on-year increase. According to the company, which is more commonly referred to as ASBIS, estimated consolidated revenues ...