Cyprus Business News

Cyprus recorded a 7.6 per cent annual rise in registered unemployment in May, although the number of people officially listed as unemployed fell compared with the previous month, according to the ...

Cyprus is steadily strengthening its position on the European technology map, with the country’s highly educated ICT workforce offering a strong foundation for its digital ambitions, CITEA director Matina ...

Cyprus’ tourism sector is showing signs of stabilisation after the US and the United Kingdom revised their travel advisories for the island, in a move seen as helping restore confidence ...

Fuel prices in Cyprus have started to ease, although the war in the Middle East continues to make any reliable forecast difficult, the Consumer Protection Service and the petrol station ...

The Ministry of Energy has announced three sponsorship schemes worth €1.7 million to support the private participation of Cypriot businesses in exhibitions and trade events in Cyprus and abroad. The application ...

Cyprus’ return to the normal level of travel guidance by the US and Britain is a positive development that could help limit the losses recorded so far this tourist season, ...

The turnover value index for services and transport in Cyprus recorded broad increases in the first quarter of 2026 compared with the same period of 2025, according to the statistical service (Cystat). ...

Cyprus property sales rose 11.9 per cent in the first five months of 2026, extending the market’s upward trend, although growth slowed in May. According to figures from the department of ...

Cyprus’ tourism sector is showing signs of stabilisation after the US and the United Kingdom revised their travel advisories for the island, in a move seen as helping restore confidence ...

A new initiative aimed at helping young people and educators in Cyprus understand and use artificial intelligence safely and responsibly is being implemented by Vernian RTI Ltd, with the practical ...

Cyprus’ annual inflation rate rose to an estimated 3.7 per cent in May 2026, up from 3 per cent in April, according to Eurostat’s flash estimate for the Harmonised Index of Consumer ...

IT professionals in Cyprus will gather again in Limassol this month for the second TechIsland TechPro Community Meetup, powered by The Vault. The event will take place on June 11, 2026, bringing ...

Global shipping is facing a widening gap between political ambition and economic reality, as rising energy demand, geopolitical instability and the lack of alternative fuels at industrial scale push the ...

Finance Minister Makis Keravnos has welcomed the E6 initiative by six EU finance ministers to step up efforts aimed at strengthening the bloc’s competitiveness, resilience and strategic autonomy. In ...

Deposits in the Cypriot banking system recorded a net decrease of €123.1 million in April 2026, according to data released this week by the Central Bank of Cyprus (CBC). The drop marked ...

Safe Bulkers has started trading on the Main Market of Euronext Athens, in a move aimed at strengthening the link between Greek shipping and European capital markets. The company, which ...

Freedom Holding Corp., the parent company of Freedom24, has announced record financial results for the fiscal year ended March 31, 2026, reporting higher revenue, a doubling of net profit and continued growth ...

Cyprus remained one of the European Union’s most foreign-dependent tourism markets in the first quarter of 2026, with overseas visitors accounting for 85.6 per cent of all tourist overnight stays, Eurostat ...

Cyprus’ economy grew by 3 per cent year-on-year in the first quarter of 2026, supported by household spending, exports and activity across key services sectors, preliminary data from the Cyprus Statistical Service (...

Retail trade turnover in Cyprus continued to rise in April 2026, with both value and volume indices recording annual increases, according to a report by the Cyprus Statistical Service (Cystat). Specifically, ...

Cyprus’ tourism revenue fell sharply in March 2026, dropping by 33.8 per cent year-on-year to €85.6 million, according to a report from the Cyprus Statistical Service (Cystat). The decline compares with €129.4m recorded ...

The Cyprus consumers association showed that consumer goods prices continued to fluctuate in the second half of May, with increases recorded across 165 products in 34 product categories. The association said that ...

The British foreign office has updated its travel advice for Cyprus, removing emergency references to regional tension that had unsettled parts of the British tourist market. The previous version of ...

Cyprus has been restored to the lowest level of US travel advice, with the state department advising American citizens to exercise normal precautions when visiting the island. According to the ...