Cyprus Business News

AstroBank Public Company Limited on Thursday announced the appointment of Charis Kynigou as an executive bember of its board of directors, effective from March 31, 2025. The bank noted that the appointment ...

The Paphos regional tourism board (Etap) announced on Thursday that it is boosting its promotional efforts in Poland as part of its 2025 action plan. According to the announcement, the board ...

The volume of new loans in Cyprus fell by 22.8 per cent in February 2025, reaching €246.1 million, compared to €318.7 million in January. According to a report released this week by the Central ...

Inflation in Cyprus eased to 2.1 per cent in March, down from 2.3 per cent in February, according to the latest flash estimate from Eurostat. However, this marks a slight increase from ...

Cyprus’ cruise season began on Wednesday with the arrival of Marella Discovery II at the port of Limassol, according to an announcement by operator DP World Limassol. This marks the ...

The labour ministry’s inspection department announced on Wednesday that it will carry out a targeted inspection campaign targeting hotels, restaurants, and ready-to-eat food outlets in April and September 2025. According ...

The percentage of non-performing loans (NPLs) in Cyprus decreased to 6.2 per cent by the end of December 2024, down from 6.5 per cent at the end of September. This is according to ...

The retail trade sector in Cyprus exhibited strong growth in February 2025, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). Specifically, the turnover value index rose ...

The number of building permits issued in Cyprus during November 2024 fell by 28.1 per cent compared to the same month in 2023, according to a report released on Wednesday by the state ...

The Bank of Cyprus on Wednesday provided an update on its total voting rights, share capital, and the progress of its share buyback programme. Specifically, the bank reported that 28 per ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a warning to investors regarding multiple online platforms that are operating without the necessary authorisation to provide investment services or perform ...

Inflation in Cyprus eased to 2.1 per cent in March, down from 2.3 per cent in February, according to the latest flash estimate from Eurostat. However, this marks a slight increase from ...

Cyprus enters 2025 with optimism for its tourism sector, which is expected to match or surpass that of 2024, itself a record-breaking year, deputy minister Kostas Koumis said on Tuesday. Last year, ...

As the Mediterranean’s rising star, Cyprus continues to attract investors looking for high-yield property opportunities.   With a booming economy, a favourable tax regime, and a strategic location bridging Europe, ...

The Cyprus Composite Leading Economic Index (CCLEI), compiled by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-on-year increase of 2.9 per cent in February 2025. This follows ...

Cyprus’ Producer Price Index (PPI) in industry for February 2025 fell by 0.5 per cent year-on-year in February, according a report released this week by the state statistical service. Specifically, the index ...

The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical capital buffer (CCyB) at 1.5 per cent, with the measure set to take effect from January 14, 2026. In an official ...

The Industrial Production Index in Cyprus recorded a significant increase of 4.3 per cent in January 2025 compared to the same month in 2024, according to the state statistical service. This increase pushed ...

SOFTSWISS, a leading international technology company specialising in iGaming software development, is set to participate in this year’s Reflect Festival as a Bronze Sponsor. The festival, scheduled to take ...

Cyprus’ hourly labour costs saw a modest increase yet remain below the European average, according to the latest Eurostat data. The average hourly labour cost in Cyprus in 2024 rose to €21, ...

Pharmaceuticals, alongside halloumi cheese, remained key drivers of Cyprus’ exports in 2024, despite a slight downturn, according to the Cyprus Statistical Service (Cystat). Specifically, pharmaceuticals accounted for 14.4 per cent of the ...

Cyprus’ major trade unions, including public servants’ union Pasydy and the trade union Sek, have firmly opposed some of the International Monetary Fund’s (IMF) latest recommendations, following its Article ...

The Cypriot residential real estate market experienced a strong year in 2024, with new home sales exceeding €2 billion, according to a report released on Monday by Landbank Real Estate Analytics. The ...

The Crystal Springs Beach Hotel in Protaras is set to undergo an expansion, with Derova Ltd announcing a €13.5 million development project to improve the facility and increase its capacity. This ...