Cyprus Business News

Cyprus is projected to become one of the first countries in the world to go fully cashless, according to a new global study by Merchant Machine. In addition, the study ...

The Bank of Cyprus on Monday posted a profit after tax of €117 million for the first quarter of 2025, marking an increase of 9 per cent compared to the previous quarter. In ...

Hellenic Bank has received dual environmental certifications this year, according to an official announcemnet released this week. The announcement noted that this “affirms its ongoing commitment to environmental protection and ...

The value of bounced cheques in Cyprus dropped sharply in April 2025, with only €22,860 recorded from 23 dishonoured cheques, according to data released on Monday by the Central Bank of Cyprus (CBC). ...

European financial technology provider payabl. on Monday announced that it will return as a Platinum Partner at Reflect Festival 2025, Cyprus’ largest and most influential event focused on technology and entrepreneurship. ...

The highest average interest rate on new floating-rate housing loans reached 5.24 per cent in March, according to a report published on Monday by the Central Bank of Cyprus (CBC). This ...

Cyprus is stepping up scrutiny of influencers, YouTubers and other public figures, as tax and consumer protection authorities intensify efforts to tackle undeclared income and misleading advertising. Using advanced digital ...

Total government employment in Cyprus increased by 237 persons, a rise of 0.4 per cent, in April, compared to the same month in 2024, reaching a total of 55,490 employees, according to the state ...

Cyprus recorded a trade deficit of €1.85 billion in the period from January to March 2025, marking a rise from the €1.71 billion deficit registered during the same period in 2024. Total imports of ...

Larnaca has begun work on what is expected to become one of Cyprus’ most important cultural landmarks, a €30 million Art and Design Centre set to be completed by 2030. Designed by ...

The Cyprus Real Estate Agents Registration Council on Monday welcomed the court’s decision to convict two Hungarian nationals for their involvement in the illegal promotion and sale of Greek ...

The Central Bank of Cyprus (CBC) and its financial ombudsman service received 154 formal complaints from bank customers in 2024, according to the CBC’s annual report. The majority of these complaints, ...

Cyprus continues to lag behind most EU countries in gender equality, according to findings presented at a recent event co-organised by the Labour Ministry and the Cyprus Institute of Chartered ...

Deputy Shipping Minister Marina Hadjimanolis on Monday travelled to Szczecin, Poland, for a working visit. While there, she will attend the informal council of ministers responsible for shipping, held under ...

The Cyprus Chamber of Commerce & Industry (Keve) on Monday announced that businesses operating in the food sector were the primary focus of this year’s Cyber Security Weekend. The ...

The Bank of Cyprus on Monday posted a profit after tax of €117 million for the first quarter of 2025, marking an increase of 9 per cent compared to the previous quarter. In ...

Here are the top business stories in Cyprus from the week starting May 5: Limassol businesses are still grappling with staffing shortages, rising costs and red tape, according to the latest ...

Dr Mary Lynne Hedley, a trailblazer in biotechnology and scientific entrepreneurship, recently visited Cyprus to inspire the next generation of life science innovators. A Senior Scientific Fellow at the Broad ...

Trading of Hellenic Bank Public Company Ltd shares will be suspended from Thursday, May 15, 2025, following the exercise of a squeeze-out right by Eurobank S.A. The move comes after the ...

Eurobank Holdings on Friday posted total net profits of €314 million for the first quarter of 2025, marking a 9.4 per cent increase compared to the same period in 2024. The bank announced that ...

Trading of Hellenic Bank Public Company Ltd shares will be suspended from Thursday, May 15, 2025, following the exercise of a squeeze-out right by Eurobank S.A. The move comes after the ...

Electric and hybrid cars are making up an increasing share of new vehicle registrations in Cyprus, even as total registrations continue to decline. Between January and April 2025, electric vehicles accounted ...

Cyprus is expecting a record number of arrivals from Romania this year, Deputy Minister of Tourism Kostas Koumis said during a visit to Bucharest. Koumis travelled to the Romanian capital ...

The Cyprus Forum will return to London on May 22, according to an announcement released on Friday. The event will bring together diplomats, academics, journalists and civil society leaders for a ...