Cyprus Business News

Cyprus’ labour inspection department will run a special inspection campaign in hotels, restaurants and ready-to-eat food distribution premises from April to October 2026, as authorities step up checks on workplace safety ...

The Cyprus Statistical Service (Cystat) on Thursday reported that retail trade turnover in Cyprus recorded a year-on-year increase in February 2026, reflecting continued growth in the sector. Specifically, the Turnover Value ...

The arrival of the Marella Discovery II at the Port of Limassol earlier this week marked the start of Cyprus’ cruise season, with DP World Limassol CEO Simon Pitout highlighting ...

Cyprus Gender Equality Commissioner Josie Christodoulou called for more accountable and action-centred leadership in the energy sector during EGYPES 2026 in Cairo this week, telling a regional forum that women’s ...

The association of Cyprus tourist enterprises (Stek) and the hoteliers’ association (Pasyxe) on Thursday voiced strong opposition to a proposed law on the establishment and operation of recreational areas, warning ...

Eurobank on Thursday announced that it recently secured two major distinctions at the Euromoney Private Banking Awards 2026, reinforcing its position in Cyprus’ private banking sector. The bank received the awards ...

Cyprus Trading Corporation Plc is moving ahead with a mandatory public takeover bid for Ermes Department Stores Plc, after increasing its stake in the company through the purchase of 17.5 million ...

Cyprus used its participation in the European Maritime Skills Forum in Brussels this week to push for stronger maritime education and workforce development, as the country continues to place seafarers ...

The Council of the European Union this week approved a regulation establishing the EU talent pool, a new digital platform designed to connect non-EU jobseekers with employers across the bloc. ...

Cyprus recorded more than 3.1 million guest nights in short-term rental accommodation during the third quarter of 2025, according to Eurostat, highlighting the island’s strong performance in the growing platform-based tourism ...

Cyprus recorded a decline in unemployment in February 2026, even as joblessness in the euro area rose slightly month-on-month, according to a report from Eurostat. Specifically, the figures showed that Cyprus ...

The Markets in Crypto-Assets Regulation (MiCA) is reshaping Europe’s crypto market, while exposing new regulatory challenges, according to Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides. In an ...

Greek lender Alpha Bank has announced a sweeping transformation of its retail banking operations, introducing a new organisational model aimed at placing the customer at the centre of banking services. ...

The University of Nicosia announced this week that it will host a student event titled “Become a Merchant Navy Officer for a Day” at the BSM Maritime Training Centre at ...

The economy of the Famagusta district is coming under growing strain from the fallout of developments in the Middle East, with Paralimni-Deryneia mayor Giorgos Nikolettos warning that the new tourist ...

Cyprus’ efforts to strengthen its appeal as an international business and investment centre received backing from the Cyprus International Business Association (CIBA), whose board met President Nikos Christodoulides this week ...

Europe must dismantle structural barriers and leverage cutting-edge technology to fully realise the potential of the Savings and Investment Union (SIU), according to Cyprus Securities and Exchange Commission (CySEC) Vice ...

The economy of the Famagusta district is coming under growing strain from the fallout of developments in the Middle East, with Paralimni-Deryneia mayor Giorgos Nikolettos warning that the new tourist ...

Hotel operators were awaiting details on Thursday of a government wage-subsidy scheme, with the industry looking to the labour ministry for a plan due to be announced on April 2 as ...

Cyprus brought 95 students from lyceums and technical schools in Limassol and Paphos closer to the shipping industry on Tuesday, as the Deputy Ministry of Shipping held the educational day ‘Getting ...

By Dr Andreas Procopiou Former Senior Research Fellow in Smart Grids at the University of Melbourne and Research Engineer at the Électricité de France R&D  In public discussions ...

Eurostat on Tuesday announced that annual inflation in Cyprus is estimated to have risen to 1.5 per cent in March 2026, reflecting an increase compared to previous months. Speaking to the broader ...

The House finance committee has examined significant legal and substantive changes to a proposed law concerning the financial commissioner and procedures for complaints and foreclosures, with the binding nature of ...

The Tax Department has announced the implementation of a zero VAT rate on specific categories of meat and fish, following a decision by the Cabinet. The department stated that the ...