Cyprus Business News

The Central Bank of Cyprus (CBC) will overhaul the licensing process for electronic money institutions and payment institutions from August 3, 2026, introducing a new pre-application stage, higher fees and tougher scrutiny ...

ECB policy cycle reshaped Cyprus’ lending landscape, CBC says The Central Bank of Cyprus (CBC) on Friday published a new Economic Brief examining how the European Central Bank’s (ECB) ...

More than 750 Cypriot professionals from around the world have registered with the government’s Minds in Cyprus platform, while employers on the island have posted more than 400 specialised job vacancies, ...

Cyprus new-build property sales hit €1.15 billion in first half of 2026 Cyprus’ new-build residential property market recorded 3,594 sales worth €1.149 billion during the first half of 2026, according to an analysis by Landbank ...

Alpha Bank has kept applications open until September 20 for its FinQuest 2026 innovation competition, inviting startups, fintech companies and scale-ups from across Europe to submit solutions aimed at transforming the banking ...

Cyprus’ economic growth is expected to slow in 2026 despite a modest improvement in the wider European economy, according to updated projections published by the Economics Research Centre of the University ...

The Cyta board of directors on Thursday presented its report covering its February 2024 to July 2026 term, describing the period as one marked by major transformation, strategic reforms and significant investments ...

Cyprus recorded a modest annual increase of 0.5 per cent in its industrial production index during May 2026, according to figures released by the state statistical service (Cystat). The overall index reached 116.7 ...

The Cyprus Securities and Exchange Commission (CySEC) has announced a programme of 14 one-day online professional training seminars to be held between September and December 2026 for individuals registered in its certification ...

Demetra Holdings Plc purchased 4,440 of its own shares on July 29, as part of an ongoing share buyback programme executed through The Cyprus Investment & Securities Corporation Ltd. The investment company ...

Cyprus youth unemployment holds firm at 7.8 per cent Cyprus recorded one of the lowest unemployment rates in the European Union in June 2026, with joblessness on the island falling to 3 per ...

Cyprus residents faced continued difficulty affording a week-long annual holiday in 2025, with Eurostat data released on Thursday showing that 27.6 per cent of people aged 16 and over could not afford a ...

Koumis defends Cyprus tourism performance amidst global challenges Tourism revenue figures for May and the first five months of 2026 confirmed that Cyprus tourism has returned to a stable recovery path, ...

Public Group recorded stronger operational performance in 2025, with the retailer reporting sales above €500 million, higher profitability and continued expansion across Greece and Cyprus, according to results released on Thursday. The ...

Drop in UK arrivals, among other markets, hits Cyprus tourism revenue Cyprus’ tourism revenue fell by 4.8 per cent in May 2026 as the war in Iran depressed visitor arrivals, particularly from ...

Shareholders of The Mall of Engomi and The Mall of Cyprus have ratified their 2025 financial statements and re-elected two directors at their annual general meeting held on July 30, 2026. Both public ...

Patsalides warns inflation risks are rising over energy Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has stated that inflation risks are gradually increasing because of persistently high energy prices, ...

The Bank of Cyprus (BoC) has been named Cyprus’ Best Digital Bank at the Euromoney Awards for Excellence 2026, recognising the lender’s digital achievements during the evaluation period from January 1, 2025 ...

Board points to stronger finances and digital progress The Cyta board of directors on Thursday presented its report covering its February 2024 to July 2026 term, describing the period as one marked ...

Cyprus tourism stakeholders moved to strengthen cooperation with local authorities earlier this week as the sector continues to face a more challenging summer season. Specifically, the Paphos Municipality met with ...

State Aid Control Commissioner Stella Michaelidou has approved an expanded research and innovation support measure, allowing the continuation of the Restart 2016–2020 programmes with an increased budget and the addition of ...

The final investment decision to develop the Kronos natural gas field in block 6 of Cyprus’ exclusive economic zone offers an opportunity to exploit the area’s remaining gas reserves for ...

Timur Turlov has formally announced his candidacy for the presidency of the International Chess Federation, signalling an ambitious bid to reshape global chess governance ahead of a crucial electoral contest ...

Middle East tensions weigh on Cyprus economic prospects Cyprus’ economy is expected to slow down in 2026 as inflation accelerates, according to updated economic projections published on Wednesday by the Economics ...