Cyprus Business News

Europe remained Cyprus’ biggest foreign direct investment partner in 2024, with inward FDI stock from the continent standing at €295.29 billion, according to the latest data released by the Central Bank of ...

Tributes from financial and research institutions across Cyprus poured in after former President of the Republic of Cyprus George Vassiliou passed away on Wednesday, January 14, with key bodies highlighting his ...

Cyprus recorded a marginal current account deficit of approximately €100 million during the third quarter of 2025, according to Eurostat. At the same time, the broader European Union saw its overall surplus ...

The Cyprus Statistical Service (Cystat) on Thursday reported an increase in building permit activity during September 2025, reflecting continued momentum in construction and housing development. According to the report, the number ...

The Association of Cyprus Banks and the Cyprus Chamber of Commerce and Industry (Keve) on Thursday announced the launch of a new strategic collaboration aimed at strengthening information, transparency and ...

Cyprus’ residential property market continued to show clear regional contrasts during the first ten months of 2025, shaped by both high-value investment and steady domestic demand, according to a report from ...

Major sectoral labour agreements have been concluded, but negotiations are now turning to the renewal of business-level collective contracts in the private sector, a process expected to affect several thousand ...

From ship design and voyage optimisation to electronic bills of lading and AI-assisted safety and compliance, maritime leaders featured in this special column agree on one thing: data, automation and ...

The captain and crew of MV Cymona Eagle, managed by Athens-based Alassia NewShips Management Inc, have been commended for their “exceptional seamanship” and “outstanding efforts” after rescuing a lone rower, ...

Altegio managing partner Yri Petrou recently spoke to the Cyprus Mail about the rapid international expansion of the company’s software-as-a-service (Saas) platform, its post-2022 strategic reset and the growing ...

PwC Cyprus hosted a Cyprus–India AI event in Nicosia this week, bringing together business and academic leaders to discuss artificial intelligence (AI) collaboration and its role in innovation and ...

PwC Cyprus hosted a Cyprus–India AI event in Nicosia this week, bringing together business and academic leaders to discuss artificial intelligence (AI) collaboration and its role in innovation and ...

The number of bounced cheques in Cyprus declined further in 2025, falling to 213, according to figures released on Wednesday by the Central Bank of Cyprus (CBC). This compares with 300 in 2024, 356 in 2023 ...

Constantinos Herodotou has made it onto the final short list of candidates for the presidency of the European Banking Authority (EBA), becoming the first Cypriot to reach the last stage ...

Cyprus’ tax reform introduces changes to capital gains tax covering property exchanges, property sales and the disposal of shares linked to real estate. Amendments to the capital gains law extend ...

The Limassol Chamber of Commerce and Industry (Evel) marked its annual social contribution this week by extending financial support to charitable foundations across the city and district of Limassol, continuing ...

InterMaritime Shipmanagement, headquartered in Limassol, has announced the appointment of Erwin Derlagen as Senior Technical Director, strengthening the company’s executive leadership and technical capabilities. According to the announcement, Erwin ...

Cyprus’ public service will move to a regulated hybrid working from home model from April 2, 2026, after the department of public administration and personnel issued a new manual setting out how ...

Cypriots’ travel choices in 2024 leaned heavily towards Greece and the United Kingdom, with overseas trips accounting for the bulk of spending, according to Eurostat data. Cypriots made a total of 3.3 ...

Cyprus’ betting market continued to expand in the third quarter of 2025, with total gross revenue from Class A and Class B operators rising by 7 per cent year-on-year to €312.5 million, according ...

Taxpayers will be able to claim income tax deductions of up to €3,000 per year under the tax reform that took effect this month, with relief targeting housing costs, green upgrades ...

Hourly pay for civil servants in Cyprus now spans from €9.48 at the lowest end of the pay scale to €46.12 for the most senior positions, based on updated remuneration tables released ...

Cyprus’ public service will move to a regulated hybrid working from home model from April 2, 2026, after the department of public administration and personnel issued a new manual setting out how ...

The Cyprus Shipping Chamber (CSC) met this week with Shipping Deputy Minister Marina Hadjimanolis in the context of close contacts aimed at coordinating issues that will concern the Cyprus shipping ...