Cyprus Business News

The House is set to vote on Thursday afternoon on the National Betting Authority (NBA) budget law of 2025. The proposed budget aims to establish a surplus of approximately €514,000 by allocating €55,602,239 ...

The Cyprus Securities and Exchange Commission (CySEC) has approved Eurobank’s public offer document for the acquisition of up to 100 per cent of Hellenic Bank’s issued share capital. The ...

The Energy Ministry this week announced that Eni Cyprus Limited is offering scholarships for postgraduate studies in energy and environmental management. This initiative, the ministry explained, is part of the ...

The Bank of Cyprus on Thursday announced that it has received the Quality Recognition Award from global financial services firm JP Morgan Chase. The award, which the Bank of Cyprus ...

The Institute of Certified Public Accountants of Cyprus (ICPAC) has developed a structured process to draft an official document outlining its positions and recommendations on the preliminary tax reform framework ...

The turnover of most economic sectors in Cyprus recorded an increase in 2024, reflecting the country’s broader economic growth, which has been driven by key industries such as tourism and ...

Konstantin Zapolianski, Senior Investment Director at Zubr Capital, recently spoke to the Cyprus Mail about Cyprus’ growing potential as a destination for technology and digital industries. With the ICT sector ...

New loans in Cyprus saw a significant decline in January 2025, with total net new lending dropping to €318.7 million from €592 million in December, according to a report released by the Central ...

The outlook for tourism in the Famagusta district is highly promising, according to Ayia Napa Mayor Christos Zannettou, who is attending the ITB Berlin 2025 tourism exhibition. In a statement, the ...

Hellenic Bank has decided to extend its voluntary exit scheme by six days, allowing employees to submit their applications until March 11, it emerged on Wednesday. According to a report from ...

Finance Minister Makis Keravnos on Wednesday expressed his full support for the re-establishment of the cooperative banking sector in Cyprus on a stable and sustainable basis. During a meeting with ...

The International Labour Organisation (ILO) Tripartite Technical Committee, which recently met in Geneva, stressed the importance of preventing and resolving labour disputes to maintain healthy labour relations. Held from February 17 ...

2024 was another difficult year for fintech, with just $95.6 billion investment globally across 4,639 deals.   Both global fintech investment and the number of deals fell to levels not seen since 2017, according to ...

Konstantin Zapolianski, Senior Investment Director at Zubr Capital, recently spoke to the Cyprus Mail about Cyprus’ growing potential as a destination for technology and digital industries. With the ICT sector ...

Retail trade turnover in Cyprus recorded an annual increase in both value and volume in January, according to the state statistical service. The retail trade turnover value index, excluding motor ...

Cyprus has recorded a surplus of €1.5 billion for 2024, equivalent to 4.5 per cent of GDP, according to preliminary results released on Tuesday by the state statistical service. This marks a sharp ...

The Cypriot economy is projected to have grown by 3.4 per cent during 2024, in real terms, according to the state statistical service. At current prices, the Gross Domestic Product (GDP) is ...

Cyprus has recorded a surplus of €1.5 billion for 2024, equivalent to 4.5 per cent of GDP, according to preliminary results released on Tuesday by the state statistical service. This marks a sharp ...

EVH Investments Limited has formally requested the exercise of the squeeze-out right to acquire the remaining 8.8 per cent of the share capital of Salamis Tours, it emerged on Tuesday. This ...

Tourism revenue in Cyprus saw a significant year-on-year increase of 17 per cent in December 2024, according to a report released on Tuesday by the state statistical service. Based on data collected ...

The Association of Large Investment Projects recently presented its recommendations on the role of the private sector in the economic diplomacy strategy promoted by the Ministry of Foreign Affairs. Led ...

The annual inflation rate in Cyprus is projected to reach 2.3 per cent in February 2025, down from 2.9 per cent in January, according to preliminary estimates by Eurostat, the statistical office of ...

20 per cent of workers in Cyprus were classified as low-wage earners in 2022, compared to 14.7 per cent across the European Union (EU), according to a report by Eurostat. In addition, it ...

The deadline for Hellenic Bank employees who wish to accept the bank’s latest, and reportedly last, voluntary exit scheme ends today, after being announced in mid-February. However, interest in ...