Cyprus Business News

Cyprus has approved a new National Tourism Strategy to 2035, targeting 5 million visitors while upgrading quality and ensuring development respects sustainable principles, Deputy Tourism Minister Kostas Koumis said on Friday after ...

Cyprus’ tourism sector achieved record-breaking arrivals and revenues in 2025, underscoring strong real income growth and improved market diversification, according to a analysis by Eurobank’s Konstantinos Vrachimis. Total tourist arrivals ...

Cyprus’ economy recorded stronger growth in the fourth quarter of 2025, with new national and European data confirming that the country continued to outperform the wider region. According to a flash ...

The board of directors and management of Cyta on Friday issued a statement clarifying the organisation’s position on proposed amendments to the law governing its operation and its planned ...

Cyprus’ house energy committee is examining revised opening hours for recreation centres, as part of a government bill aimed at modernising the catering sector and strengthening the competitiveness of the ...

Building activity in Cyprus continued to strengthen in October 2025, according to data released on Friday by the state statistical service (Cystat). A total of 855 building permits were authorised during the ...

The Cyprus Information Technology Enterprises Association (CITEA) on Friday expressed satisfaction with the initiative to restore Sopaz and the wider revitalisation plans for the area. CITEA’s president George Malekkos ...

Cyprus has reaffirmed its commitment to gender equality in science, technology and innovation, describing it as a cornerstone of socio-economic development. Speaking at the 11th Assembly of the Royal Academy ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday announced that it is joining the International Organisation of Securities Commissions in a pre-Valentine’s Day global awareness campaign to combat ...

The Employers and Industrialists Federation (Oev) has issued a warning against renewed efforts to impose additional extraordinary taxes on bank profits, arguing that such measures would harm the economy and ...

The cruise industry can become a key driver of growth for the Cypriot economy, provided it operates with sustainable practices and respect for the city, DP World Limassol CEO Simon ...

There are no plans at present to impose water supply cuts on hotel units or industrial facilities, either in Limassol or nationwide, the director of the Water Development Department (WDD), ...

Cyprus has recorded a 23.2 per cent reduction in its net domestic energy use intensity over the last decade, according to Eurostat. The figures show that the EU economy used 56.1 million ...

Cyprus’ tax reform has revised rates and deductions and also substantially raised financial penalties, with the changes entering into force on January 1. According to Philenews, the objective is to make ...

Publisher Digital Vortex Entertainment, part of Utmost Games, has announced the acquisition of Bylina, an action-adventure title by Far Far Games, and released its first playable demo. Utmost Games is ...

Aegean Airlines will resume flights between Paphos and Athens, adding three weekly services from July 3, 2026, according to an announcement by the Paphos regional tourism board (Etap). The decision was discussed ...

The Cyprus Chamber of Commerce and Industry (Keve) on Thursday released a statement outlining its position against the proposed imposition of additional taxation on banks, arguing that such a measure ...

Eurobank took part in the Money Conference 2026 as a platinum sponsor this week, contributing to discussions on global economic developments and the evolving landscape of alternative investments. Held under the ...

Cyprus’ tax reform has revised rates and deductions and also substantially raised financial penalties, with the changes entering into force on January 1. According to Philenews, the objective is to make ...

A new strategic partnership is set to upgrade the private travel experience within Greece, as Zela Jet, owned by Cypriot entrepreneur Andreas Christodoulides, announces its collaboration with Fly Cycladic, one ...

President Nikos Christodoulides has referred back to parliament the law allowing hotels and tourist accommodation to operate for up to five years under a special permit, citing violations of the ...

The Central Bank of Cyprus (CBC) has reported an increased degree of convergence between the average interest rates of Cyprus credit institutions and those of the eurozone for both deposits ...

The European Central Bank (ECB) has published its latest wage tracker data showing that negotiated wage growth in the euro area is set to moderate in 2026, signalling easing pay pressures ...

Limassol Greens is entering a new phase of expansion in 2026, following a milestone year that saw the delivery of homes and the full launch of its golf course, confirming its ...