Business

Cyprus’ short-term economic outlook returned to marginal growth territory in August, according to the latest Composite Leading Economic Index (CCLEI) from the Economics Research Centre of the University of Cyprus (...

The University of Cyprus and the Sievert Larsson Scholarship Foundation have renewed an agreement providing 20 scholarships worth a total of €20,000 to students facing financial difficulties. The scholarships will be awarded ...

The Central Bank of Cyprus (CBC) has confirmed that all banks in Cyprus will be closed on Thursday, October 1, 2026, for Cyprus’ independence day. The closure means customers will not be ...

The Cyprus property market remains strong but faces structural weaknesses and rising costs that could affect its future development, according to speakers at this year’s Cyprus Property Show, where ...

By Bulat Latypov, Chief Communications Officer, Freedom24 I should say plainly, before anything else: I work for Freedom24, whose parent company, Freedom Holding Corp, is run by Timur Turlov — one ...

Limassol-based Top App Games reported $29 million in gross turnover in the first half of 2026 from its mobile game Ludus: Merge Arena on Thursday, as the Cyprus-based developer said the title ...

Areas of Nicosia and Larnaca were left without electricity on Thursday after cables were severed in separate incidents the electricity authority (EAC) confirmed. Crews from the authority were dispatched to ...

The non-performing loan ratio of Cyprus’s banking sector remained unchanged at 1.6 per cent at the end of June 2026, according to updated data published by the Central Bank of Cyprus (...

Cyprus’ technology and business sectors are seeking closer cooperation on digital transformation and artificial intelligence, following talks between the Cyprus Information Technology Enterprises Association (CITEA) and the Employers and Industrialists ...

Cyprus banks recorded €456 million in profit in the first six months of 2026, down by €122 million, representing a decrease of 21.1 per cent compared with the same period last year, according to ...

The Central Bank of Cyprus (CBC) expects economic growth to slow this year as the Middle East conflict weighs on tourism and investment, while inflation is projected to rise sharply, ...

Keravnos heads to Dublin for talks on Europe’s economic challenges Cypriot Finance Minister Makis Keravnos travelled to Dublin on Thursday for the Eurogroup and informal meeting of EU finance ...

Eight-month tourism decline narrows to 7 per cent as Israel offsets falls across most major markets  Tourist arrivals to Cyprus fell by 3.3 per cent in August, as Britain, Poland, Germany and ...

The Cyprus Securities and Exchange Commission (CySEC) has withdrawn the Cyprus Investment Firm (CIF) licence of Eurotrade Investments RGB Ltd, citing the company’s failure to comply with requirements concerning ...

Cyprus’ Harmonised Index of Consumer Prices (HICP) rose by 5.2 per cent year-on-year in August 2026, according to data released by the statistical service (Cystat) on Thursday.  Compared with the previous month, ...

Cyprus and Greece are preparing new joint business initiatives aimed at opening doors to Arab and Balkan markets, following talks in Nicosia this week between Greek Deputy Foreign Minister Harry ...

Cyprus recorded the highest inflation rate in the euro area after Romania and Lithuania in August, as annual consumer price growth accelerated to 5.2 per cent from 4.4 per cent in July, ...

Cyta and Connect Europe held a workshop on the proposed European Digital Networks Act and revised cybersecurity rules, with Cyprus’ telecommunications infrastructure and the future security of digital networks among ...

Shipping Deputy Minister Marina Hadjimanolis is travelling to Athens on Thursday for a three-day working visit focused on promoting the Cyprus flag, meeting shipping executives and taking part in events ...

Cyprus has set out the detailed terms of its €400,000-a-year drive to bring foreign sports teams to the island for training, with additional financial incentives for winter camps, priority sports ...

The Employers and Industrialists Federation (Oev) and TechIsland will sign a memorandum of cooperation on September 18, 2026, aimed at strengthening collaboration on technology, innovation, entrepreneurship, skills development and the competitiveness of ...

Cyprus’ cabinet approved the €11.1 billion state budget for 2027 on Wednesday, with Finance Minister Makis Keravnos forecasting continued economic growth, a larger fiscal surplus and further reductions in public debt. Keravnos ...

MHV Mediterranean Hospitality Venture has secured approval to list 101.41 million additional shares on the Cyprus Stock Exchange’s (CSE) Emerging Companies Market following a series of property acquisitions from its ...

Demetra Holdings reported a lower net profit for the first half of 2026, with the company’s results affected by losses on equity investments despite stronger rental income and sharply lower ...