Cyprus Business News

An automatic cost-of-living adjustment, or CoLA, is effectively a system of wage indexation designed to address inflation, yet there is no universal application nor a unified model for its implementation. ...

Cyprus business & economy wrap-up from the day before President Nikos Christodoulides on Friday addressed the BusinessEurope Council of Presidents in Nicosia, stressing that the Cyprus Presidency of the Council ...

The Open University of Cyprus took part in and supported one of the most advanced and realistic international cybersecurity exercises, Crossed Swords 2025, through its Cybersecurity and Telecommunications Research Laboratory, known ...

Tourism must deliver tangible benefits across local communities, Deputy Minister of Tourism Kostas Koumis said on Friday. He added that the government is “continuing this year to support the promotion ...

The Paphos regional tourism board (Etap) this week took part in the partner meeting of the European project ‘MED-Routes – Promotion of Eco-Itineraries within European Cultural Routes’, according to an announcement ...

Cyprus risks losing up to €695.2 million in annual government revenue if a new proposal expands the number of companies allowed to undergo a simple financial review instead of a full ...

Cyprus residents spent a total of €2.37 billion on domestic and outbound travel in 2024, according to figures released by the Cyprus Statistical Service on Friday. Overall, 543,526 residents made at least one ...

Port operator DP World Limassol on Friday announced that it recently organised a beach & ocean clean-up day in Limassol’s Dasoudi area. According to the company, this was “part ...

Startups4Peace (Su4P) marked its 10th anniversary with a strong presence at Slush 2025, the world’s leading startup event held in Helsinki, showcasing Cypriot entrepreneurial talent on the global ...

Cyprus will stop accepting personal cheques for payments to the state from January 1, 2026, as the Treasury moves to a faster and more secure collection system. According to an announcement released ...

President Nikos Christodoulides on Friday addressed the BusinessEurope Council of Presidents in Nicosia, stressing that the Cyprus Presidency of the Council of the EU, commencing in January 2026, will be guided ...

Loan and real estate management company doValue Cyprus on Friday announced that it has acquired a majority stake in Omnitouch Cyprus Ltd, thereby expanding its footprint in outsourced customer-support and ...

Adobe has agreed to buy Semrush for $1.9 billion, acquiring the Boston-based software platform that also operates a major office in Limassol, as the Photoshop maker moves to strengthen its marketing ...

The association of large investment projects renewed its call this week for a new deputy ministry focused on development and competitiveness. Addressing president Nikos Christodoulides, association president Andreas Demetriades said ...

The Research and Innovation Foundation (RIF) led a robust Cypriot delegation of 14 startups to Slush 2025, an annual founder-focused startup event held in Helsinki. The foundation said that this helped to ...

Why the UK Is losing ground By George Ayiomamitis A profound transformation is reshaping the geography of global wealth. The international relocation of high-net-worth individuals (HNWIs) — those with over $1 million ...

Limassol-based Island Oil Holdings is moving ahead with a wide digital transformation programme centred on artificial intelligence. The group “is taking decisive steps to embed Artificial Intelligence (AI) across our ...

Three Cypriot robotics teams from the primary, lower secondary, and upper secondary levels are preparing to travel to Singapore to represent Cyprus at the World Robot Olympiad International Finals 2025, which ...

Cyprus will continue its efforts to modernise the way the government operates and strengthen its investment appeal, president Nikos Christodoulides pledged on Thursday. Addressing the general assembly of the association ...

EU farms produced an estimated 161.8 million tonnes of raw milk in 2024, marking an increase of 0.9 million tonnes compared with 2023, according to Eurostat. This latest development confirmed the relatively steady growth ...

The euro area’s annual inflation rate eased to 2.1 per cent in October 2025, marking a slight decline from September and placing Cyprus at the very bottom of the European Union’...

The Cyprus Chamber of Commerce and Industry (Keve), acting as the coordinator of the Enterprise Europe Network Cyprus, this week announced an international business opportunity in the wine sector. According ...

Cyprus holds the second highest ratio in the European Union for issuing first residence permits to non-EU citizens under the age of 18, relative to its own child population, according to ...

Marios Skandalis has been appointed director general of the Association of Cyprus Banks, succeeding Michalis Kammas. He will officially assume leadership of the association on January 1, 2026. According to an announcement ...