Cyprus Business News

Revenues from betting activity in Cyprus maintained their upward momentum in 2024, surpassing €1.2 billion and confirming the sector’s continued expansion, according to financial results published by the National Betting Authority (...

The number of registered unemployed persons in Cyprus stood at 7,378 at the end of May 2025, according to data released on Wednesday by the Cyprus Statistical Service (Cystat). However, based on ...

Hotel occupancy in Cyprus was slightly down in May, compared to the same month last year, according to the president of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides. However, overall ...

The shareholders of Cypriot beverage company KEO plc approved a series of key resolutions during the company’s annual general meeting held this week, according to a submission on the ...

Greek retail group Jumbo reported a strong rise in store sales across Cyprus and Greece in May 2025, reflecting a gradual rebound after a slower start to the year due to ...

Cyprus and Greece have agreed to step up cooperation in research and innovation, following high-level talks in Athens between senior officials from both countries. The meeting brought together Theodoros Loukaidis, ...

The Cyprus Innovation Awards 2025, organised by the Employers and Industrialists Federation (Oev), have been approved for inclusion in the official programme of the European SME Week. The European SME Week ...

Cyprus is expected to experience a decline in both rental and property purchase prices in the coming years, President Nikos Christodoulides announced this week. Speaking at a dinner hosted by ...

The Research and Innovation Foundation (RIF) this week announced that it has secured an additional €7.5 million in funding for the new “Open Access Research Infrastructures” programme. This initiative, the foundation ...

Deloitte Cyprus on Tuesday announced the appointment of two new partners, effective from June 1, 2025, marking an expansion of its leadership team. According to the announcement, Nicholas Theofilou has been promoted ...

Cyprus Airways and Air India on Tuesday announced the signing of a new interline agreement, aiming to enhance connectivity and travel options for passengers of both airlines. According to the ...

Cyprus recorded a further decline in its unemployment rate in April 2025, according to data published by Eurostat this week. The rate fell to 3.7 per cent, down from 4.1 per cent in ...

The president of the Employers’ Group Stefano Mallia and the head of the Employers’ Group at the European Economic and Social Committee (EESC) of the European Union Fulvio Bianconi visited ...

Leading European financial technology provider payabl. on Tuesday announced the launch of its Virtual Business Cards service. According to the announcement, the new service enables real-time card issuance, customisable limits, ...

Cyprus recorded robust economic and fiscal performance in 2024, according to the International Monetary Fund (IMF). The IMF referenced Cyprus’ 4.3 per cent budget surplus and a reduction of public debt to 65 ...

The Cyprus Integrity Forum (CIF), the country’s largest non-profit promoting transparency, marked its 15th anniversary this week with a call for “deeper institutional reform and collective accountability” in 2025.  Speaking ...

The Mall of Cyprus (MC) Plc and the Mall of Engomi (ME) Plc held their respective annual general meetings on June 2, 2025, with shareholders approving key corporate matters. These include financial ...

The Cyprus Stock Exchange (CSE) council on Tuesday released the Members’ Market Shares for May 2025, providing a detailed overview of trading activity by its members over the month. According to ...

Deloitte Cyprus on Tuesday announced the appointment of two new partners, effective from June 1, 2025, marking an expansion of its leadership team. According to the announcement, Nicholas Theofilou has been promoted ...

Cyta secured four gold and one bronze award at the Cyprus Technology Awards 2024, earning recognition for projects that enhance digital accessibility, sustainability, and user experience across the country. The gold ...

Bank of Cyprus announced on Monday that its total issued share capital stood at 440,828,633 ordinary shares of nominal value €0.10 each as of  May 31, 2025, “with each ordinary share carrying one vote.” ...

The Research and Innovation Foundation (RIF) has launched two new funding calls, Seed and Innovate, targeted at boosting the growth of startups and supporting existing firms in scaling their products ...

Retail turnover in Cyprus rose by 6.3 per cent in April 2025, marking the fastest monthly increase so far this year, according to data published by the Statistical Service on Monday.Earlier ...

Cyprus has taken a significant step in strengthening its regulatory framework for investment funds, following the House of Representatives’ approval of the Investment Fund Administrators Law. The move is being ...