Cyprus Business News

Tourism revenue in Cyprus increased by 7.1 per cent in the first eleven months of 2024 compared to the same period in 2023, according to the traveller survey results published on Wednesday by ...

Cyprus’ strong economic performance, including the registration of 2,300 new companies and the relocation of 12,000 employees, was emphasised by Finance Minister Makis Keravnos at an event in Athens, offering Greek businesses ...

Meet the visionaries behind Placy After my meeting with Sotiris Komodromos, it’s clear that the realm of real estate is on the brink of a tech-driven transformation. As the ...

The Bank of Cyprus has announced that Caius Capital has reduced its stake in the bank’s share capital to 4.98 per cent. The announcement was made through the Cyprus Stock ...

Abu Dhabi’s Pure Health Holding has agreed to acquire a majority stake in Hellenic Healthcare Group (HHG), valuing the healthcare provider at €2.2 billion, marking a significant expansion into Cyprus ...

The Association of Cypriot Professionals in Greece (ACPG), which aims to promote innovation and foster collaboration between the two countries, was officially launched on Wednesday. According to the announcement, this ...

Hellenic Bank is preparing to launch a new voluntary early retirement scheme aimed at reducing its workforce by a substantial number of employees, with completion targeted by the end of 2025, ...

The Contractors Council is preparing to revise its member fees in a bid to address a budget deficit that has plagued its finances, according to its president Thekla Kadi. Speaking ...

The Cyprus Property Developers Association and Interior Minister Constantinos Ioannou met this week to discuss a number of issues impacting Cyprus’ housing sector. These include delays in planning permits and ...

Hellenic Bank is preparing to launch a new voluntary early retirement scheme aimed at reducing its workforce by a substantial number of employees, with completion targeted by the end of 2025, ...

The Cyprus Composite Leading Economic Index (CCLEI), compiled by the Economics Research Centre of the University of Cyprus (CypERC), recorded a year-on-year increase of 2.3 per cent in December 2024. This marks ...

To tackle traffic congestion and improve urban development, the municipalities of Limassol, Amathus, and Polemidia have teamed up on a collaborative spatial planning initiative, aimed at enhancing the city’s ...

Cypriot natural gas will be extracted from under the sea for the first time in 2027, Energy Minister George Papanastasiou said on Monday. Speaking to Politis radio, he said he expects ...

Fuel sales in Cyprus showed a slight increase in 2024, with petrol station sales rising 2.4 per cent to 682,790 tons compared to 2023, according to a report released by the state’s statistical ...

Environmental, social, and governance (ESG) criteria are important factors when shaping a company’s strategy and brand image, according to the results of survey by Action Global Communications. The study, ...

The number of entities supervised by the Cyprus Securities and Exchange Commission (CySEC) has grown by 11.8 per cent over the past five years, according to the commission’s chairman George ...

Investors are increasingly eyeing Nicosia’s centre, where developments in universities, hotels, and office spaces signal revitalisation of one of Cyprus’ most historic areas. Recent local initiatives and rising investor ...

Takeover bids for public companies listed on the Cyprus Stock Exchange (CSE) have proven major drivers for activity, often offering prices significantly higher than market value and revitalising investor interest. ...

The Cyprus Securities and Exchange Commission (CySEC) is projecting a €2 million budget deficit for 2025, as its proposed budget is set to be discussed during a meeting of the House finance ...

Bank employees’ union (Etyk) on Monday announced plans to distribute €25 million to former and current employees of the Bank of Cyprus who were union members in 2011. According to a report ...

The Limassol Chamber of Commerce and Industry (Evel) has called for a comprehensive and environmentally conscious approach to the redevelopment of the Lady’s Mile area. It also underlined the ...

At the helm of its marketing vision is Chief Marketing Officer, Alina Miroshnychenko, who has recently won the prestigious Women Tabloid Award for Best Emerging Woman CMO, and has played ...

Under the leadership of CEO Liudmila Marochkina and supporting her team of professionals, the company has built a reputation for delivering end-to-end digital solutions tailored to meet complex challenges. Beyond ...

Here are the top business stories in Cyprus from the week starting January 20: Limassol has the highest rental prices in Cyprus, averaging €4,492 for houses, while Famagusta has the lowest, with ...