Cyprus Business News

Columbia Group has appointed Andreas Hadjipetrou as its new Chief Executive Officer, with Demetris Chrysostomou named Deputy Chief Executive Officer, the company announced.  Hadjipetrou, a longstanding member of the organisation, ...

Three-quarters of AI’s economic gains are being captured by just 20 per cent of companies, with leading businesses using the technology to drive growth rather than simply improve productivity, according ...

Petroleum product sales surged by 18.6 per cent year-on-year in March 2026, reflecting strong demand despite ongoing volatility in fuel prices. According the Cyprus Statistical Service (Cystat), total sales reached 127,272 tonnes during ...

Almost half of non-Cypriot workers earn less than €1,500 The average monthly earnings of employees in Cyprus rose to €2,605 in 2025, according to a report based on provisional data published by the ...

Private equity firm Zubr Capital has announced a Series A investment in Cyprus-based Soloband Games, marking a significant step in the expansion of the country’s gaming ecosystem. According to ...

Cyprus’ labour market is facing growing pressure as economic growth, low unemployment and the expansion of technology companies have increased demand for workers across key sectors, from construction and tourism ...

The Cypriot economy has shown strong resilience despite rising geopolitical uncertainty, but high energy costs, delayed reforms and labour shortages continue to limit its growth prospects, according to Employers and ...

Cyprus recorded 7.87 per cent of internet users purchasing e-books or audio books in 2025, according to Eurostat, placing the country below the EU average but showing robust growth compared with the ...

By Maria Christofi Public procurement procedures are often surrounded by persistent misconceptions such as the perception that they are strictly formal processes where “the lowest price always wins” and where ...

Here are the top business stories in Cyprus from the week starting April 20: State Aid Commissioner Stella Michaelidou has approved a state grant to Plug and Play Cyprus Innovation Centre ...

Cyprus’ general government recorded a surplus of €119.40 million in the fourth quarter of 2025, compared with a €94.90 million surplus in the same period of 2024, according to the state statistical service (Cystat). ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced a supplementary survey launched by the European Commission regarding the revision of European Union rules on electronic invoicing in ...

The Cyprus Olympic Committee (COC) and Deloitte Cyprus on Friday formalised the renewal of their strategic partnership as Professional Services Partner during an event held in Nicosia. The event took ...

Universal Golf Enterprises Plc on Friday announced that it secured planning approval for a photovoltaic park development as part of a broader reassessment of its land use strategy. The company ...

The Central Bank of Cyprus (CBC) on Friday announced the reference interest rate, under article 314A of the Cyprus Criminal Code, has been set at 11.72 per cent. The CBC stated ...

Senior executives from major Greek banking groups with operations in Cyprus used their participation at the Delphi Economic Forum to outline how trust, talent and artificial intelligence are reshaping the ...

The Mall of Engomi (ME) Plc and Mall of Cyprus (MC) Plc on Friday reported strong profitability for the year ended December 31, 2025, reflecting increased consumer activity, higher footfall and improved ...

Alpha Bank Cyprus participated as an official supporter in an event on women’s financial wellbeing, held at the Strovolos Cultural Centre “Nikolaos Mountis”, highlighting the importance of financial empowerment ...

Cyprus’ general government recorded a surplus of €119.40 million in the fourth quarter of 2025, compared with a €94.90 million surplus in the same period of 2024, according to the state statistical service (Cystat). ...

The Cyprus Information Technology Enterprises Association (CITEA) on Friday issued a warning over sharp increases in RAM prices and other critical technology components, following a meeting with Deputy Minister of ...

Demetra Holdings Plc on Friday reported a sharp decline in profitability for the year ended December 31, 2025, with net profit after tax falling to €10.66 million for the group and €10.72 million for ...

Vassilico Cement Works Public Company Ltd on Friday reported strong financial results for 2025, with net profit reaching €35.52 million for the group and €34.99 million for the company. The group recorded revenues ...

Global shipping leaders gathered in Singapore this week to discuss how geopolitical disruption, regulatory uncertainty, decarbonisation and digitalisation are reshaping the maritime industry, as the sector faces rising pressure across ...

Captain Iro Gidakou’s story begins, as many maritime stories do, with the sea. What sets it apart is everything that came after.  From Limassol to the bridge of an ...