Cyprus Business News

The board of directors of Hellenic Bank has decided to proceed with the merger of the bank with Eurobank Cyprus, it emerged on Friday. Hellenic Bank officially announced that the ...

Cyprus has shown resilience in the face of successive economic shocks, with growth remaining among the highest in the euro area, according to the International Monetary Fund (IMF). In a ...

Cyprus has recorded the most significant progress among European Union countries in reducing non-performing loans, according to a new report by Scope Ratings. The non-performing loan (NPL) ratio in Cyprus ...

Cyprus’ total public debt decreased to €20.92 billion as of December 31, 2024, down from €22.18 billion a year earlier, according to the fiscal report of the Republic of Cyprus for the financial year 2024. ...

Eurobank Cyprus on Friday announced that it secured four prestigious accolades at the Euromoney Private Banking Awards 2025, held this week in London. Specifically, the bank was recognised in the categories ...

Total deposits in Cypriot banks increased by nearly half a billion euros in February 2025, according to a report released this week by the Central Bank of Cyprus (CBC). Specifically, the ...

The independent expert commissioned to evaluate Eurobank’s public offer for the remaining shares of Hellenic Bank has deemed the proposed exchange of €4.843 per share as fair and reasonable. This ...

The Cyprus Property Developers Association met with a delegation from the International Monetary Fund (IMF) on Wednesday, according to an official announcement. The meeting was attended by the president of ...

The Eurobank Group on Thursday released a statement reaffirming its “commitment to further expansion and its continued confidence in the Cypriot economy”. It should be noted that the group’s ...

The proposed offer of €1.55 per share from Logicom to the shareholders of Demetra Holdings is neither fair nor reasonable, according to the report of an independent expert. As a result, ...

Major banks in Cyprus and Greece significantly expanded their bond portfolios over the past year, increasing their holdings in both domestic and European bond markets. According to a report from ...

The independent expert commissioned to evaluate Eurobank’s public offer for the remaining shares of Hellenic Bank has deemed the proposed exchange of €4.843 per share as fair and reasonable. This ...

Sales of oil products at service stations in Cyprus saw a 2.5 per cent increase in February, reaching 57,326 tonnes, compared to 55,909 tonnes in February 2024, according to a report from the statistical ...

The Bank of Cyprus on Thursday announced its final financial results for 2024, confirming profits of €508 million, as previously indicated in its preliminary results. In its announcement, the bank underlined its ...

The proposed Mall of Limassol is poised to create a premier destination for shopping, dining and entertainment in Limassol. As the project advances through important planning and approval phases, we ...

The Cyprus Research and Innovation Foundation (RIF) hosted its Cyprus Research Awards 2024 this week in a ceremony honouring the nation’s distinguished scientists. The event took place on Wednesday afternoon ...

A delegation from the International Monetary Fund (IMF), led by Alex Pienkowski, will present its key findings from a recent visit to Cyprus at a press conference in Nicosia on ...

Deputy Tourism Minister Kostas Koumis used his participation in a professional symposium to highlight Larnaca’s appeal as a tourist destination. The minister outlined Larnaca’s recent progress in terms ...

The Cyprus Bar Association has expressed strong concerns over the proposed tax reform put forward by the University of Cyprus’ Economics Research Centre (CypERC). The association has argued that it ...

The migration department on Wednesday announced the start of applications for residence permits under the Cyprus Digital Nomad Visa scheme. According to the announcement, the scheme “aims to attract nationals ...

Credit rating agency Morningstar DBRS on Wednesday revised its economic growth and unemployment projections for Cyprus, reflecting a more optimistic outlook for the country’s economy. In its report, the ...

Consulting and advisory firm PwC Cyprus on Wednesday released a statement detailing the various initiatives implemented by its foundation to “strengthen financial literacy and foster an entrepreneurial mindset among young ...

The Ministry of Energy, Commerce and Industry, in collaboration with the Cyprus Trade Centre in Berlin, participated in the PROWEIN 2025 international wine and spirits exhibition for the fourth consecutive year. ...

Cypriot businesses have significantly progressed with the integration of digital technologies into how they operate, according to the Cyprus Statistical Service (Cystat). This was evident in Cystat’s latest report ...