Cyprus Business News

The agreement for the sale of Ermes Department Stores’ investment in Superhome Centre DIY was finalised on Monday. In a statement issued by Ermes today, following its previous announcement on ...

Consumer staple prices showed mixed trends in January, with frozen fish recording the highest increase at 16.3 per cent and sugar seeing the steepest decline at 16.8 per cent, according to the ...

Invest Cyprus, in collaboration with the Nicosia Municipality, hosted a networking event this week titled ‘Why Nicosia’, aiming to connect investors with key institutional stakeholders. According to an announcement released ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday marked ten years of social responsibility efforts, reinforcing its commitment to community support and sustainable development. According to an announcement, the ...

The Cyprus Borrowers Association (Syprodat) this week released a statement describing the “immediate and effective implementation of measures to tackle high living costs and secure a better future for young ...

Salamis Tours is set to be fully acquired by E.V.H. Investments Limited, as the public tender offer for 100 per cent of its issued share capital has been completed. ...

Limassol continues to lead the office rental market in Cyprus, with prices averaging €29 per square metre, while Nicosia remains a more affordable alternative at €13 per square metre, according to a ...

The European Union’s Markets in Crypto-Assets Regulation (MiCA) “marks a watershed moment in digital finance”, according to Costas Papadopoulos, executive director at Cypriot fintech Moneygate. MiCA will introduce a ...

The Bank of Cyprus announced on Monday the launch of a €30 million share buyback programme, a move previously signalled last week during the release of its preliminary 2024 financial results. In ...

The Cyprus Telecommunications authority (Cyta), recorded revenues of €415 million and an expected pre-tax profit of €59 million for 2024, chairwoman Maria Tsiakka said on Monday. Speaking at a House finance committee meeting ...

The Bank of Cyprus announced on Monday the launch of a €30 million share buyback programme, a move previously signalled last week during the release of its preliminary 2024 financial results. In ...

Secretary general of the International Chamber of Shipping Thomas Kazakos on Monday met with Cyprus News Agency (CNA) director Dinos Finicarides, as well as the new director general of the ...

Financial technology firm Capital.com on Monday announced the launch of a new paid internship programme for university students in Cyprus. The first group will include 30 students from the Cyprus ...

The Sklavenitis Group aims to secure second place in the Cypriot market, while upgrading and expanding storage and production facilities in Greece in 2025, according to reports that emerged on Monday. ...

Hellenic Bank reaffirmed its commitment to Cyprus’ hospitality industry with its participation at the 46th Cyprus Hotel Summit and Horeca Expo in Limassol, where sector challenges and opportunities were brought ...

Natural gas production from Block 6 of Cyprus’ Exclusive Economic Zone (EEZ) could commence within 2 to 2.5 years, according to Constantinos Hadjistassou, Professor at the School of Sciences and Engineering, Department of ...

A total of 571 counterfeit euro banknotes were withdrawn from circulation in Cyprus in 2024, marking an 11 per cent decrease compared to the previous year, according to the Central Bank of Cyprus (...

Cyprus’ non-performing exposures (NPEs) increased by approximately €16 million in October 2024, reaching €1.61 billion, according to a report released by the Central Bank of Cyprus (CBC). This CBC reported that this figure ...

Here are the top business stories in Cyprus from the week starting February 17: Kicking off the week, access to high-performance computing has long been a barrier for creative professionals, engineers, ...

The Cyprus Securities and Exchange Commission (CySEC) has announced a significant policy change, allowing for a broader range of cases in which prospectuses can be submitted in English. The regulator ...

Shipping Deputy Minister Marina Hadjimanolis was in Brussels on Friday, where she participated in the high-level roundtable on the European Ocean Pact, organised by the European Commission. This followed an ...

Deputy Minister of Tourism Kostas Koumis on Friday expressed optimism about Cyprus’ tourism sector in 2025. He pointed out that “strategic planning is essential” as the industry enters a new cycle ...

The Institute of Certified Public Accountants of Cyprus (ICPAC) and the Cyprus Institute of Internal Auditors (IIA Cyprus) renewed their agreement, reaffirming their commitment to good governance, transparency, and accountability. ...

Labour Minister Yiannis Panayiotou, in his intervention on Thursday at the ministerial conference organised by the Polish presidency of the EU in Gdańsk, addressed the challenges and opportunities presented ...