Cyprus Business News

Deposit interest rates in Cyprus declined in March 2025 for both households and businesses, reflecting a softening trend in returns on short-term savings, according to the Central Bank of Cyprus (CBC). ...

Leptos Calypso Hotels Public Ltd, a member of the Leptos Group, recorded a significant financial turnaround in 2024. Specifically, the company on Tuesday posted a consolidated net profit of €3.25 million, recovering ...

The number of unemployed persons registered at district labour offices across Cyprus stood at 8,118 at the end of April 2025, according to the latest data released by the Cyprus Statistical Service (...

Cyprus recorded over 1.15 million passengers at its two airports in April 2025, crossing the one million threshold for the first time in a single month, the Transport Ministry said on Tuesday. ...

Credit rating agency Moody’s on Tuesday upgraded the long-term deposit ratings of the Bank of Cyprus to A3 from Baa1, reflecting continued strengthening of the bank’s financial position. ...

The Cyprus Real Estate Agents Registration Council recorded 125 convictions for illegal real estate brokerage in 2024, according to an announcement released on Tuesday. The number of convictions, the council explained, “reinforces ...

Commissioner for Gender Equality Josie Christodoulou said this week that substantial equality between men and women in all areas of work is not only fair, but also necessary. During a ...

Residential properties in Cyprus sold under foreclosure in the final quarter of 2024 lost significant value, with six primary residences auctioned off at an average discount of 26.7 per cent from their ...

The Industrial Turnover Index in Cyprus continued its upward trend in February 2025, reflecting positive momentum across several key sectors of the economy. According to data released, the index reached 130.4 units, ...

Limassol businesses are still grappling with staffing shortages, rising costs and red tape, according to the latest business barometer published this week by the Limassol Chamber of Commerce and Industry (...

Work on the second phase of development at Larnaca and Paphos airports is officially underway, with the projects expected to boost the combined annual capacity of the two hubs to ...

The total value of all real estate transactions in Cyprus reached a record-high €5.71 billion in 2024, reflecting a modest one per cent increase compared to 2023, according to a report released on ...

Cyprus’ banking sector has undergone a profound transformation since the 2013 financial crisis, marked by sweeping consolidation, branch closures, and a rapid shift towards digital banking. Since 2013, several key players have ...

The recent electricity blackout in Spain and Portugal may have been caused by a combination of rare atmospheric vibrations, high renewable energy production, and low system inertia, according to Andreas ...

The National Bank of Greece (Cyprus) posted a net profit after tax of €13.6 million for 2024, marking a 143 per cent increase compared to the previous year. According to the bank’s ...

Sir Stelios Haji-Ioannou, creator and owner of the easy family of brands, has announced the acquisition of 100 per cent of the share capital of easyHotel Ltd by investment funds managed ...

The Research and Innovation Foundation (RIF) has appointed Theodoros Loukaidis as its director general for a second five-year term, following an open selection process, the board of directors announced on ...

Limassol businesses are still grappling with staffing shortages, rising costs and red tape, according to the latest business barometer published this week by the Limassol Chamber of Commerce and Industry (...

Hellenic Bank on Monday announced that its board of directors will convene on Wednesday, May 7, 2025 to examine, among other things, the financial results of the group for the first quarter ...

Cyprus recorded a general government surplus of €580.6 million in the first quarter of 2025, according to preliminary data published by the Cyprus Statistical Service (Cystat) on Friday. The surplus represents 1.6 per ...

The Central Bank of Cyprus (CBC) on Friday announced the publication of its 2025 directive on the prevention of money laundering and terrorist financing. The newly adopted directive aims to modernise ...

Cyprus’ retail trade sector saw robust growth in March 2025, with both the value and volume of turnover rising by 5.6 per cent compared to the same month last year. According to ...

Cyprus’ archbishopric this week announced a public tender for the lease and development of two land parcels located in Geroskipou, Paphos. According to the announcement, the tender was officially launched ...

Cyprus recorded €92.7 million in high-value property transactions in March 2025, with Nicosia taking the lead thanks to a single €29.3 million office sale, according to real estate analytics firm Ask Wire. According ...