Cyprus Business News

The environmental authority has approved the demolition of the former Nemitsas foundry in Limassol, paving the way for the construction of a new building for the Deputy Ministry of Shipping. ...

The European Union collected more than €33 billion in VAT revenue during 2024 through its e-commerce VAT systems, according to new data published this week, underscoring the impact of its 2021 VAT reform ...

Limassol has emerged as the strongest performer for high-end house rentals in Cyprus’ residential property market, while Nicosia recorded the lowest average rents, according to a report released on Wednesday ...

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 ...

Aspiring entrepreneurs in Cyprus now have the chance to launch their startup dreams with support from the Research and Innovation Foundation (RIF), which on Wednesday launched its Future Founders Academy, ...

Non-EU citizens in the European Union were more likely to work part-time in 2024 than EU nationals, underlining persistent disparities in employment patterns across citizenship groups, Eurostat data showed on Wednesday. ...

Limassol has emerged as the strongest performer for high-end house rentals in Cyprus’ residential property market, while Nicosia recorded the lowest average rents, according to a report released on Wednesday ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a warning to investors regarding two online platforms that are not authorised to provide investment services or perform investment activities under ...

The Bank of Cyprus (BoC) on Wednesday announced that it has issued 8,573 new shares to members of its general management under its short-term incentive plan, according to a formal information ...

Cypriot businessmen Costas Cleanthous and Charalambos Panayiotou, shareholders of fintech trading platform XM, have applied to the Central Bank of Cyprus (CBC) to acquire a majority stake in Ancoria Bank, ...

The official launch of the Smart Cyprus project took place this week at the amphitheatre of Cyta’s headquarters in Nicosia. According to an official announcement, the event marked the ...

Cypriot businesses are bracing for potential fallout from a trade war between the United States and the European Union, as Brussels readies retaliatory tariffs in response to threats by US ...

Cyprus generated €3.2 billion from tourism in 2024 as traveller numbers rose, with Paphos ranked as the island’s top destination, according to a report released on Tuesday by the statistical service. ...

The Central Bank of Cyprus (CBC) on Tuesday reported total assets of €28.35 billion as of June 30, 2025, according to a report by governor Christodoulos Patsalides. The largest component of the central ...

ASBISc Enterprises Plc on Tuesday reported a sharp year-on-year increase in its estimated consolidated revenues for June 2025. In a filing to the Cyprus Stock Exchange (CSE), the company said that ...

Cyprus generated €3.2 billion from tourism in 2024 as traveller numbers rose, with Paphos ranked as the island’s top destination, according to a report released on Tuesday by the statistical service. ...

Cyprus has been ranked in the middle of the global wealth rankings for 2025 by The Economist, which placed Switzerland at the top and Burundi at the bottom in its assessment ...

The Kourion and Limassol municipalities will manage parts of their beaches this summer, adopting Ayia Napa’s model to improve services while ensuring low costs for locals and visitors, it ...

The Deputy Ministry of Research, Innovation and Digital Policy on Tuesday announced that it has entered into a strategic agreement with Lenovo and Newcytech Business Solutions Ltd. According to the ...

Cyprus took centre stage in a groundbreaking effort to decarbonise the shipping industry, as the island plays a key role in supporting a first-of-its-kind onboard carbon capture project. The initiative ...

Insight Enterprises and Columbia Group have signed a strategic partnership to deliver IT and OT services to the maritime sector, combining Insight’s enterprise technology expertise with Columbia’s operational ...

Chief marketing officers (CMOs) in the online trading and CFD sector face exceptionally short tenures, with firms based in Cyprus, the United Kingdom, and the UAE showing similar patterns, according ...

The Cypriot economy continues to demonstrate significant resilience and adaptability despite ongoing global uncertainty, according to Central Bank of Cyprus (CBC) governor Christodoulos Patsalides. In its June 2025 economic bulletin, the ...

The Cypriot economy continues to demonstrate significant resilience and adaptability despite ongoing global uncertainty, according to Central Bank of Cyprus (CBC) governor Christodoulos Patsalides. In its June 2025 economic bulletin, the ...