Cyprus Business News

Cyprus’ industrial sector relied primarily on oil and petroleum products and electricity in 2023, which together accounted for over half of its total energy use, according to Eurostat figures released on ...

The Deputy Ministry of Shipping released the official promotional video for the Maritime Cyprus 2025 Conference, which will bring together the global shipping community in Limassol from October 6 to 8 under the ...

Vassiliko Cement Works has reported strong financial results for the first half of 2025, with revenue reaching €78.8 million, marking a significant increase from €69.1 million during the same period last year. According ...

The Cyprus Stock Exchange (CSE) on Friday issued a market announcement highlighting the results of its semi-annual review regarding compliance with minimum market value requirements on the Regulated Market. According ...

The European Central Bank’s decision to hold interest rates gives the eurozone time to assess growing trade risks and maintain financial stability, according to fintech app Plum. Following the ...

XM, one of the world’s online leading financial services providers, announced the commitment of €5 million to support the recovery of areas devastated by the recent wildfires, acknowledging the scale ...

Credit transfers remain the most popular non-cash payment method in Cyprus by total transaction value, accounting for 83 per cent, according to a report published on Thursday by the Central Bank ...

The Deputy Ministry of Tourism this week announced the launch of the nomination process for the Cyprus Hospitality Awards 2025, a national initiative that recognises and rewards excellence in the tourism ...

A recent study by the University of Cyprus’ Economics Research Centre (CypERC) has explored the relationship between changes in global commodity prices and domestic inflation in Cyprus. According to the ...

The environmental authority has approved the demolition of the former Nemitsas foundry in Limassol, paving the way for the construction of a new building for the Deputy Ministry of Shipping. ...

The European Union collected more than €33 billion in VAT revenue during 2024 through its e-commerce VAT systems, according to new data published this week, underscoring the impact of its 2021 VAT reform ...

Limassol has emerged as the strongest performer for high-end house rentals in Cyprus’ residential property market, while Nicosia recorded the lowest average rents, according to a report released on Wednesday ...

The Deputy Ministry of Tourism this week announced the launch of the nomination process for the Cyprus Hospitality Awards 2025, a national initiative that recognises and rewards excellence in the tourism ...

Aspiring entrepreneurs in Cyprus now have the chance to launch their startup dreams with support from the Research and Innovation Foundation (RIF), which on Wednesday launched its Future Founders Academy, ...

Non-EU citizens in the European Union were more likely to work part-time in 2024 than EU nationals, underlining persistent disparities in employment patterns across citizenship groups, Eurostat data showed on Wednesday. ...

Limassol has emerged as the strongest performer for high-end house rentals in Cyprus’ residential property market, while Nicosia recorded the lowest average rents, according to a report released on Wednesday ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a warning to investors regarding two online platforms that are not authorised to provide investment services or perform investment activities under ...

The Bank of Cyprus (BoC) on Wednesday announced that it has issued 8,573 new shares to members of its general management under its short-term incentive plan, according to a formal information ...

Cypriot businessmen Costas Cleanthous and Charalambos Panayiotou, shareholders of fintech trading platform XM, have applied to the Central Bank of Cyprus (CBC) to acquire a majority stake in Ancoria Bank, ...

The official launch of the Smart Cyprus project took place this week at the amphitheatre of Cyta’s headquarters in Nicosia. According to an official announcement, the event marked the ...

Cypriot businesses are bracing for potential fallout from a trade war between the United States and the European Union, as Brussels readies retaliatory tariffs in response to threats by US ...

Cyprus generated €3.2 billion from tourism in 2024 as traveller numbers rose, with Paphos ranked as the island’s top destination, according to a report released on Tuesday by the statistical service. ...

The Central Bank of Cyprus (CBC) on Tuesday reported total assets of €28.35 billion as of June 30, 2025, according to a report by governor Christodoulos Patsalides. The largest component of the central ...

ASBISc Enterprises Plc on Tuesday reported a sharp year-on-year increase in its estimated consolidated revenues for June 2025. In a filing to the Cyprus Stock Exchange (CSE), the company said that ...