Cyprus Business News

Cypriot businesses that consistently violate tax laws may soon find their premises sealed for at least 48 hours under a new enforcement tool granted to the tax department, if parliament passes ...

Petroleum product sales in Cyprus rose by 10.4 per cent in June 2025 compared to the same month last year, reaching 140,669 tonnes, according to a report released by the state statistical service (...

GDEV, a global gaming and technology company headquartered in Cyprus, on Monday announced a €100,000 donation to support wildfire recovery efforts on the island. The company has also launched an AI-powered ...

The Bank of Cyprus (BoC) on Monday announced that its board of directors will meet on August 4, 2025, to examine the financial results for the Bank of Cyprus Group for the ...

Total deposits in Cyprus recorded a net increase of €654.7 million in June 2025, compared to a net increase of €20.8 million in May 2025, according to data released by the Central Bank of ...

The Cyprus Securities and Exchange Commission (CySEC) has released its annual statistical bulletin for 2024, providing a detailed overview of the performance of the regulated entities under its supervision. In its ...

MHV Mediterranean Hospitality Venture Plc, a leading player in the hospitality and real estate space, on Monday announced the approval of a new bond loan programme and subscription agreement amounting ...

Bank of Cyprus Holdings Public Limited Company (BOC Holdings) has announced the completion of its acquisition of 100 per cent of Ethniki Insurance Cyprus Ltd, following a binding agreement signed with ...

The Research and Innovation Foundation (RIF), in collaboration with the Deputy Ministry of Research, Innovation and Digital Policy, on Monday announced the launch of a new flagship funding programme titled ‘...

Cypriot businesses that consistently violate tax laws may soon find their premises sealed for at least 48 hours under a new enforcement tool granted to the tax department, if parliament passes ...

Limassol-based marine fuel trading firm Island Oil has opened a new international trading office in Dubai, marking its seventh trading desk globally and strengthening its presence across key marine fuel ...

The European Union’s extension of its Emissions Trading Scheme (ETS) to shipping has sent ripples across Mediterranean ports, and even Cyprus is feeling the undercurrents.  Starting January 1, 2024, any vessel ...

Here are the top business stories in Cyprus from the week starting July 21: Sek general secreatary Andreas Matsas on Monday issued a strong defence of the Cost of Living Allowance (...

The Cyprus Stock Exchange (CSE) announced the results of its semi-annual review (January–June 2025) regarding compliance with minimum market value requirements for companies listed on the Regulated Market. The review ...

Louis plc, a leading group active in cruises, hospitality, and travel services, on Friday announced the date for its 26th annual general meeting. The meeting will take place on September 11, 2025, ...

Cyprus’ industrial sector relied primarily on oil and petroleum products and electricity in 2023, which together accounted for over half of its total energy use, according to Eurostat figures released on ...

The Deputy Ministry of Shipping released the official promotional video for the Maritime Cyprus 2025 Conference, which will bring together the global shipping community in Limassol from October 6 to 8 under the ...

Vassiliko Cement Works has reported strong financial results for the first half of 2025, with revenue reaching €78.8 million, marking a significant increase from €69.1 million during the same period last year. According ...

The Cyprus Stock Exchange (CSE) on Friday issued a market announcement highlighting the results of its semi-annual review regarding compliance with minimum market value requirements on the Regulated Market. According ...

The European Central Bank’s decision to hold interest rates gives the eurozone time to assess growing trade risks and maintain financial stability, according to fintech app Plum. Following the ...

XM, one of the world’s online leading financial services providers, announced the commitment of €5 million to support the recovery of areas devastated by the recent wildfires, acknowledging the scale ...

Credit transfers remain the most popular non-cash payment method in Cyprus by total transaction value, accounting for 83 per cent, according to a report published on Thursday by the Central Bank ...

The Deputy Ministry of Tourism this week announced the launch of the nomination process for the Cyprus Hospitality Awards 2025, a national initiative that recognises and rewards excellence in the tourism ...

A recent study by the University of Cyprus’ Economics Research Centre (CypERC) has explored the relationship between changes in global commodity prices and domestic inflation in Cyprus. According to the ...