Cyprus Business News

Zela Aviation, the aviation company founded by Cypriot entrepreneur Andreas Christodoulides, has announced a strategic partnership with the municipality of Skyros. This new initiative is aimed at improving the island’...

Cyprus’ tertiary sector posted robust gains in 2023, with all branches of economic activity showing growth in production value, value added, and employment, according to the state statistical service. Specifically, Cystat’...

Electric and hybrid vehicles continued their upward trajectory in Cyprus during the first half of 2025, even though the overall motor vehicle market experienced a slight decline. According to a report ...

Cyprus recorded a 93 per cent employability rate for higher education graduates five years after completing their studies, according to the second cycle of the national graduate tracking mechanism (CYGraduates).  The ...

Cyprus-based data centre operator CL8 on Tuesday announced the appointment of Kyriacos Kokkinos, former Deputy Minister for Research, Innovation and Digital Policy, as executive advisor to its board of directors. ...

Property sales in Cyprus recorded an annual increase of 17 per cent in June, driven by a 44 per cent surge in Larnaca, while Nicosia posted the smallest gain at just 2 per ...

Cyprus is stepping up its air connectivity this summer, with Larnaca and Paphos airports offering an expanded network of destinations across Europe and the Middle East. The move, driven by ...

Cyprus’ startup ecosystem took a step onto the global stage as Calspak emerged winner of the Startup World Cup Cyprus Regional Finals 2025. The company will represent the island at the ...

Deputy Shipping Minister Marina Hadjimanolis met last week with the president of the Arab Academy for Science, Technology and Maritime Transport (AASTMT), Ismail Abdel Ghaffar Ismail Farag, at the Shipping ...

The 13th Invest Cyprus International Investment Awards, presented by PwC Cyprus, will take place on Wednesday, in Nicosia. The annual event recognises foreign companies and organisations that have chosen Cyprus ...

Cyprus recorded the strongest annual growth in retail trade among all EU member states in May 2025, according to updated figures released by Eurostat this week. Retail turnover on the island ...

Employment in Cyprus’ industrial sector rose by 1.2 per cent in 2023, reaching 42,600 people compared to 42,100 in 2022, according to official figures published in the Survey on Industrial Production 2023. The largest share of ...

Finance Minister Makis Keravnos on Monday will chair a Eurogroup meeting, which is also set to elect a new president for the next two and a half years. According to ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a series of announcements concerning regulatory decisions, authorisation status updates, financial settlements, and administrative sanctions involving several Cyprus-based financial firms. At ...

Greek dairy group Omiros has announced the acquisition of the Cypriot dairy company A. Hadjipieris Ltd through its subsidiary Omiros Dairies Cyprus. The move marks a strategic step for the ...

Agriculture Minister Maria Panayiotou on Monday said that the Strategic Plan for the Common Agricultural Policy (CAP) 2023-2027, with a budget of more than €450 million for rural development, is central ...

Passenger traffic at Cyprus’ two international airports reached a new peak in June 2025, according to figures released on Monday by Hermes Airports. Specifically, the company reported that a total of 1.4 ...

TechIsland, Cyprus’ largest technology association, on Monday announced the creation of the TechIsland Legal Community. According to the announcement, this is a new professional initiative dedicated to lawyers, legal advisors, ...

The Evangelismos hospital in Paphos is set to be acquired following the signing of a sale agreement, pending final approval from the Cyprus Commission for the Protection of Competition (CPC). ...

Cyprus ranks among the lowest in Europe for job satisfaction, workplace leadership and psychological safety, according to the European Workforce Study 2025. The survey, whose findings were shared by Philenews, was ...

The Administrative Court has annulled a fine of more than €6.4 million imposed by the Cyprus Securities and Exchange Commission (CySEC) on Greek business siblings Ioannis and Amalia Vardinogiannis over allegations ...

Alkis H. Hadjikyriacos (Frou-Frou Biscuits) Public Ltd on Monday confirmed that it paid dividends to shareholders on Friday, July 4, 2025. The announcement was made by Ariadne Samouil, Chief Financial Officer of ...

Finance Minister Makis Keravnos on Monday will chair a Eurogroup meeting, which is also set to elect a new president for the next two and a half years. According to ...

The 3rd CSN Mediterranean Crewing Conference drew a full house of international crewing professionals, HR leaders, shipowners and technology providers in Athens end of June, placing a spotlight on seafarers’ ...