Cyprus Business News

Cyprus needs a fresh economic model to address today’s challenges and improve social well-being, according to a new policy paper by Andreas Theophanous and Mary Vardas. The paper, published ...

Thomas Kazakos has officially taken over as secretary general of the International Chamber of Shipping (ICS), following a handover ceremony during the organisation’s general assembly in Athens, marking the ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday urged Cypriot banks to remain “vigilant and adaptive” in the face of mounting global uncertainty, stressing their role as “pillars ...

President Nikos Christodoulides on Thursday praised Cyprus’ maritime sector during his address at the general assembly of the International Chamber of Shipping, which took place in Athens. “We are proud ...

President of the Paphos hotel association (Pasyxe) Evripides Loizides on Thursday expressed satisfaction with hotel occupancy rates in Paphos during the long weekend of Kataklysmos, saying that they exceeded 90 per ...

Passenger traffic at the airports of Larnaca and Paphos exceeded 4 million for the first time in history during the period from January to May 2025. According to an announcement by the ...

European Banking Federation (EBF) director general Wim Mijs on Thursday sounded the alarm on the consequences of fragmented regulation in the European Union. Mijs stated that over €1 trillion in inactive ...

Copper Island, the international film company with roots in the US, UK, Europe and Australia, has officially launched its new post-production facility in Limassol’s old town, marking a strategic ...

DP World Limassol on Thursday released a statement highlighting the expected arrival of around 140 cruise ships in 2025, underscoring the island’s resurgence as a major Eastern Mediterranean cruise destination. “The ...

Merger initiatives have accelerated in Cyprus, according to Aristidis Vourakis, president of the Association of Cyprus Banks and CEO of AstroBank, who also revealed that Deutsche Bank is considering a ...

Finance Minister Makis Keravnos on Thursday called on the Cypriot banking sector to step up lending, support innovation and startups, and embrace cultural change through digital transformation. “The challenges facing ...

Top Kinisis Travel Public Ltd has approved a dividend of €0.01 per ordinary share, totalling €122,120.11, as part of the decisions made during its annual general meeting (AGM) held at the company’...

The Cyprus Stock Exchange (CSE) announced on Thursday that it is now accepting applications for registration as direct and general clearing members for the competitive electricity market (CEM). The CSE ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday urged Cypriot banks to remain “vigilant and adaptive” in the face of mounting global uncertainty, stressing their role as “pillars ...

The latest ICS Maritime Barometer highlights continued pressure on the global shipping industry, as maritime leaders face a combination of geopolitical instability, rising regulatory demands and growing cyber-security risks. Based ...

Women entrepreneurs in Cyprus are being encouraged to take advantage of three open calls offering financial support, mentorship and international networking opportunities. The Cyprus Chamber of Commerce and Industry, acting ...

The Cypriot banking sector has undergone an impressive transformation since the 2013 financial crisis and has emerged stronger, more resilient, and better aligned with international standards, according to Wim Mijs, Director ...

Government employment in Cyprus recorded a 0.9 per cent increase in May 2025 compared to the same month in 2024, reaching a total of 55,305 employees, according to the Cyprus Statistical Service (Cystat). Specifically, ...

Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., on Wednesday announced the completion of the squeeze-out procedure for the acquisition of the remaining shares of ...

Award-winning practices set new benchmarks in Cypriot retail Lidl Cyprus has concluded its fifteenth anniversary year, underscoring a track record of durable expansion, local investment and consumer-centred innovation in the ...

The Cypriot banking sector has undergone an impressive transformation since the 2013 financial crisis and has emerged stronger, more resilient, and better aligned with international standards, according to Wim Mijs, Director ...

The Finance Ministry on Wednesday announced the upcoming delisting of a government security issued earlier this year by the Republic of Cyprus. The 13-week treasury bills, identified under the code ...

Cyprus faces annual losses of €8 million and more than 16 jobs due to illicit trade in food and beverages, part of a wider threat affecting the entire European Union. The European ...

Visitor numbers at restaurants, bars and coffeeshops across Cyprus ranged from 80 per cent to 90 per cent during the Kataklysmos long weekend, according to Neophytos Thrasivoulou, president of the hospitality owners ...