Cyprus Business News

Cyprus is poised to reap significant benefits as an investment destination following last week’s approval by the Councils of a new plan to provide urban incentives for developments in ...

The Cyprus University of Technology (Tepak), the Association of Chartered Certified Accountants (ACCA), and Ernst & Young (EY) Cyprus on Wednesday announced a strategic collaboration to introduce the Accelerated Internship ...

The Association of Cyprus International Financial Firms (ACIFF) used its annual general meeting to focus on the evolving regulatory landscape, financial resilience, and anti-money laundering (AML) compliance. According to an ...

The Bank of Cyprus witnessed a surge in trading activity during the latest session at the Athens Stock Exchange, according to a report from Stockwatch. Specifically, shares worth €32 million changed ...

Players from Israel, Cyprus, and Jordan topped the list of nationalities spending the most on cash wagers at casinos in 2024, according to data submitted to House institutions committee. They were ...

The hourly labour cost in Cyprus increased by 5.6 per cent in the fourth quarter of 2024, according to preliminary data published this week by the Cyprus Statistical Service (Cystat). This rise ...

A Cyprus-Greece business forum, which took place in Nicosia this week, focused on the importance of enhancing trade and investment relations between the two countries. According to a statement by ...

Cyprus’ Construction Materials Price Index for February 2025 recorded an annual increase of 1.38 per cent, according to the latest data from the Cyprus Statistical Service (Cystat). Meanwhile, prices for the first ...

Deputy Minister of Shipping Marina Hadjimanolis is heading to Brussels on Tuesday for a working visit, where she will speak at the European Shipping Summit (ESS), organised by the European ...

Kykkos monastery is expected to proceed with a major new development on land it owns in Engomi, according to reports released on Tuesday. Spanning 331,450 square metres, the plan includes a ...

Alpha Bank Cyprus this week presented its future strategy during a corporate event held at at the Four Seasons Hotel in Limassol. According to an announcement released on Tuesday, the ...

Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) of the Bank of Cyprus (BoC) to BBB- from BB+, assigning a positive outlook. This marks a significant milestone for ...

The Deputy Ministry of Shipping is advancing plans to construct new headquarters on the site of the former ‘Nemitsas’ factory in Limassol, following recently introduced public investment procedures. However, the ...

Banks in Cyprus and Greece have announced significantly improved profit distribution policies, reflecting their strengthened profitability over the past three years, according to a report from Stockwatch. Following the release ...

Tourist arrivals in Cyprus recorded a year-on-year increase of 7 per cent in February 2025, with an additional 32,865 visitors arriving on the island during the first two months of the year. This ...

Cyprus’ GDP is expected to grow by 3.2 per cent in 2025, slightly lower than the figure of 3.4 per cent reported for 2024, according to the Central Bank of Cyprus (CBC). This figure ...

Employment in the broader public sector in Cyprus increased by 1,476 individuals, a rise of 2 per cent, in the fourth quarter of 2024, when compared to the same period in 2023. According to ...

A Cyprus-Greece business forum, which took place in Nicosia this week, focused on the importance of enhancing trade and investment relations between the two countries. According to a statement by ...

Cyprus’ GDP is expected to grow by 3.2 per cent in 2025, slightly lower than the figure of 3.4 per cent reported for 2024, according to the Central Bank of Cyprus (CBC). This figure ...

The number of job vacancies in Cyprus rose by 8 per cent year-on-year during the fourth quarter of 2024, reaching 12,997 positions, according to data released by the Cyprus Statistical Service (Cystat). When ...

Cyprus aims to reduce conventional vehicle use from 97 per cent to 70 per cent by 2030, under its National Energy and Climate Plan (NECP), requiring the registration of 85,000 electric vehicles. However, with ...

Many hotels across Cyprus’ tourist areas have undertaken partial or extensive upgrades in recent years, despite challenges facing the tourism sector. Hotel industry representatives highlight that Cyprus relies on its ...

Two major investment funds, CarVal Investors and Caius Capital LLP, have significantly reduced their holdings in the Bank of Cyprus in recent months, marking a controlled divestment process, according to ...

The European Union (EU) is facing challenges that raise concerns about its competitiveness, according to Andreas Antoniades, Secretary-Director of the Nicosia Chamber of Commerce and Industry (Evel). Antoniades points to ...