Cyprus Business News

Cyprus has the most generous personal income tax break in the European Union, sparing the first €19,500 of earnings from tax.   That cushion, higher than anywhere else in the bloc, helps ...

Revenue from tourism in Cyprus rose by 8.2 per cent in July 2025, reaching €513 million, according to a report released on Monday by the state statistical service. Officials said this figure marked ...

Around 15,000 applications from third-country nationals seeking permits to acquire real estate in Cyprus have been submitted over the past five years, according to Interior Minister Constantinos Ioannou.  The minister provided ...

Cyprus’ public finances remain on a strong footing, with German rating agency Scope projecting public debt will fall below 60 per cent of GDP this year and under 50 per cent in ...

Food prices in Cyprus have risen by 20 per cent since the end of 2019, the mildest increase in the euro area, while Estonia has seen the steepest jump at 57 per cent, ...

Two of Cyprus’ leading tourism bodies have renewed their commitment to sustainability, innovation and year-round growth, marking this year’s focus on the transformative power of tourism. Firstly, the Cyprus ...

Cyprus will once again take part in GITEX Global 2025 in Dubai, marking its fourth consecutive year at the world’s leading technology exhibition. The island will be represented by 14 information ...

Alkis H. Hadjikyriacos (Frou-Frou Biscuits) delivered a steady performance in 2024, with resilient sales, stronger profits and a solid balance sheet. The group benefited both from its established product lines and ...

Here are the top business stories in Cyprus from the week starting September 22: The government will continue to back the Larnaca local district organisation (EOA) as it seeks to become ...

Cyprus has found “sizeable quantities” of natural gas in blocks Pegasus and Glaucus, Energy Minister George Papanastasiou told the Cyprus Mail on Friday, following an earlier announcement by the president ...

Global shipping, which carries around 80 per cent of world merchandise trade, is stagnating as the sector struggles with geopolitical instability, new tariffs and shifting sea lanes, the United Nations said ...

Petroleum product sales in Cyprus fell by 1 per cent in August 2025 compared to the same month last year, reaching 123,378 tonnes, according to the statistical service (Cystat). The decline was mainly ...

Logicom Public Ltd on Friday reported a profit after tax of €29,672,258 for the first half of 2025, nearly doubling from €15,826,856 in the same period last year, representing an increase of approximately 87.4 ...

Vassiliko Cement Works Public Company Ltd on Friday announced that its board of directors approved the payment of an interim dividend for 2025 amounting to €10,790,392.05. The dividend corresponds to €0.15 per share ...

The Consumer Protection Service (CPS) on Friday officially named EFI Strakottou Travel & Tours Limited as the travel agency under investigation after a week of speculation and mounting consumer complaints. ...

The Cyprus Borrowers Association (Syprodat) this week described as a “significant turning point” the decision by the Consumer Protection Service to impose fines on the Bank of Cyprus and Eurobank ...

Foreign demand for property in Paphos continues to dominate Cyprus’ real estate market, with 5,477 applications submitted by third-country nationals to acquire property in the district over the past five years, ...

Paphos marked World Tourism Day by highlighting its drive towards sustainable and digital transformation in the sector. The Paphos Regional Tourism Board (Etap) pointed to efforts to make travel to ...

Construction material producer Kythreotis Holdings on Friday reported a 28 per cent rise in profit for the first half of 2025, driven by stronger income from its ready-mix concrete operations. Net profit ...

Agros development company Proodos Public Ltd, which manages the Rodon Hotel in Agros, has appointed Karan Chainrai as a non-independent, non-executive director in a move it said aims to further ...

The National Betting Authority on Friday reported that Cyprus’ betting sector revenues remained steady in the first quarter of 2025, holding at last year’s levels but marking a sharp rise ...

The European Union relied heavily on maritime transport for international trade in goods in 2024, Eurostat data showed this week. Imports by sea reached 1.1 billion tonnes, valued at €1.25 trillion, while exports ...

Cyprus has issued more than 500 digital nomad visas since the scheme was launched on October 15, 2021, as part of efforts to position the island as a hub for remote workers and ...

The Cyprus Chamber of Commerce and Industry (Keve) this week hosted an event titled “The Geostrategic Position of Cyprus in the Modern World”, featuring strategic analyst, mathematician and author Nikos ...