Cyprus Business News

The Bank of Cyprus on Wednesday announced that its board of directors has approved the annual financial report for the year ended December 31, 2025, confirming strong profitability, lending growth and capital ...

Cyprus is entering a phase of full energy transition, with the government prioritising independence from imported fossil fuels as the “only realistic option” for economic stability, Energy Minister Michalis Damianos ...

The Cyprus Securities and Exchange Commission (CySEC) announced on Wednesday that it has extended the start date of the management prohibition on Otkritie Broker Ltd’s sole director Igor Gutinskiy, ...

President Nikos Christodoulides on Wednesday addressed key challenges in the energy sector, the utilisation of natural gas, and international efforts to promote Cyprus as an investment destination during a roundtable ...

Cyprus is preparing to accelerate its startup ecosystem with the launch of the Plug and Play accelerator programme, a three-year initiative designed to support early-stage companies, connect them with global ...

Demetra Holdings Plc announced on Wednesday that it proceeded with a buyback of of its own shares through the Cyprus Stock Exchange (CSE) during a trading session held the previous ...

Paphos shopkeepers reported subdued Easter trading, saying that festive decorations and seasonal displays were not enough to lift footfall in the city’s upgraded shopping centre. Speaking to the Cyprus ...

Limassol’s historic shopping centre saw weaker footfall over Easter, with traders blaming poor consumer sentiment, lower tourist arrivals linked to the war in the region, and unseasonably cold, rainy ...

Cyprus has intensified its international tourism outreach as Deputy Tourism Minister Kostas Koumis held a series of high-level contacts in key tourism markets abroad, including a working visit to the ...

The Institute of Certified Public Accountants of Cyprus (ICPAC) celebrated its 65th anniversary this week by highlighting its enduring contribution to the accounting profession and the economic development of the ...

Cyprus recorded a general government surplus of €594.3 million between January and February of this year, representing 1.5 per cent of the country’s GDP, according to the state statistical service (Cystat). ...

Minister flags rising energy costs and tourism risks from Iran war Finance Minister Makis Keravnos on Wednesday outlined the government’s economic strategy amid global instability, reflecting on three years ...

The Labour Ministry has announced that self-employed workers in Cyprus have been granted access to subsidised training programmes offered by the Human Resource Development Authority (Anad). This access is provided ...

European Commissioner for Fisheries and Oceans Costas Kadis used the climate conference in Nicosia on Wednesday to warn that the climate crisis is also “an ocean crisis”. Kadis warned that “...

Maritime technology firm Tototheo Global on Wednesday announced its participation as a corporate anchor in a new initiative led by Plug and Play Tech Centre, marking the launch of the ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday issued a warning to investors regarding unauthorised investment websites operating without the required licence. The regulator stated that the websites in ...

The Alshaya Group has acquired the operating rights for Starbucks stores in Greece and Cyprus, taking over as the new exclusive owner and manager of the business from the Marinopoulos ...

Invest Cyprus has welcomed the official launch of the Plug and Play Tech Centre in Cyprus, describing it as a development that opens a new chapter for the country’s ...

House prices in Cyprus remained stable on a quarterly basis in the fourth quarter of 2025, even as prices continued to rise across most of the European Union, according to Eurostat. ...

Cyprus on Tuesday launched the Plug and Play Cyprus Innovation Centre, bringing the Silicon Valley-based innovation platform to the island as part of a broader strategy to reposition the country ...

Maritime health and wellness platform OneCare Group is urging shipping companies to take proactive steps to support crew members during key moments in the year when feelings of loneliness may ...

The Laiko Group held its annual general meeting recently, marking what it described as a milestone moment as the group returns to a path of stable profitability. The meeting brought ...

Limassol will host this year’s European Maritime Day (EMD) on May 21 and 22, 2026, bringing together policymakers, businesses, researchers and other maritime stakeholders from across Europe for two days of talks, ...

Airport operator Hermes Airports on Tuesday reported a 15.3 per cent decline in air passenger traffic at Cyprus airports, reflecting the impact of the Middle East crisis on tourism flows. According ...