Cyprus Business News

The number of employees who chose to leave Hellenic Bank under its latest voluntary exit scheme fell significantly short of the target of 400 departures. The plan, introduced amid the bank’...

Cyprus’ tourism ministry this week launched the application process for a grant scheme aiming to enhance the qualitative and aesthetic appeal of Cyprus’ beaches. This initiative, according to the ministry, ...

Bernhard Schulte Shipmanagement (BSM), a third-party ship manager headquartered in Limassol, has successfully completed the Diversity@Sea project after a 10-month project phase. This initiative, a global effort by the ‘...

Eurobank has set out its strategic objectives following the full acquisition of Hellenic Bank, as detailed in its public offer document outlining the acquisition process. As part of its plan, ...

The number of building permits issued in Cyprus during October 2024 fell to 470, marking a 25.6 per cent decline compared to the 632 permits issued in October 2023, according to data released by the ...

Hong Kong investor Balram Chainrai has increased his stake in Agros Development Company ‘Proodos’ Public Ltd to 87.85 per cent, the owner of Rodon Hotel, following the successful completion of his ...

Hellenic Bank on Tuesday announced that the reference rate for loans linked to the European Central Bank’s (ECB) base rate will be reduced by 0.25 per cent, from 2.90 per cent ...

Cyprus’ government employment increased by 599 people in February 2025, a rise of 1.1 per cent, compared to February 2024, reaching a total of 55,296 employees. According to the state statistical service, this growth was ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday outlined its key regulatory actions and market oversight efforts during a press conference in Nicosia. The commission’s presentation focused on ...

Aegean Airlines on Tuesday reported a strong start to 2025, carrying 1.9 million passengers in the first two months of the year, marking a 9 per cent increase compared to the same period ...

Greek retail chain Jumbo Group on Tuesday reported a significant increase in store sales across Cyprus and Greece for February 2025. Specifically, the company announced that it achieved a 27 per cent ...

The 8th Cyprus International Tax Conference kicked off on Tuesday morning with discussions centred on the country’s tax system reform, the digitalisation of tax administration, and the need to ...

The Association of Large Investment Projects on Tuesday released a statement commenting on the scarcity of affordable housing, delving into the ramifications this issue poses. The association explained that that ...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday announced the first roundtable discussion under the framework of the CareDivide Project. The project focuses on integrating work-life balance solutions ...

The Bank of Cyprus on Tuesday announced that it has been ranked among the world’s best foreign exchange banks for 2025 by Global Finance magazine’s Gordon Platt Foreign Exchange ...

Nearly 60 per cent of homes in the mortgage-to-rent scheme lack the necessary certificate of final approval, prompting urgent discussions by the House finance committee. The committee discussed on Monday whether ...

Hong Kong investor Balram Chainrai has increased his stake in Agros Development Company ‘Proodos’ Public Ltd to 87.85 per cent, the owner of Rodon Hotel, following the successful completion of his ...

The European Union has taken a significant step towards ensuring affordable, efficient, and clean energy for its citizens through its newly announced Action Plan for Affordable Energy. The plan, revealed ...

Startups, investors, and technology experts will gather once again in Limassol on 15-16 May. Cyprus’ flagship technology and entrepreneurial event, Reflect Festival, is set for another two-day edition packed with ...

Vehicle registrations in Cyprus saw a significant decrease in February 2025, with total registrations dropping 13.6 per cent to 3,757, down from 4,346 in February 2024, according to Monday’s report from the statistical service. ...

The Cyprus Housing Finance Corporation (HFC) is set to proceed with the sale of non-performing loans (NPLs) worth €57 million from its total portfolio of €270 million, according to statements made before ...

Cyprus’ general government surplus for January 2025 stood at €566.9 million, equivalent to 1.6 per cent of GDP, according to preliminary data released on Monday by the state statistical service. This represents an ...

The presidency on Monday announced that the government’s target for full employment was achieved within the first two years of its term, something it described as an important milestone. ...

The Research and Innovation Foundation (RIF) on Monday announced a new call for proposals under its Fast Track Innovation programme. According to the announcement, the programme aims to support existing ...