#business

Accountant general Andreas Antoniades told the House public expenditure committee this week that the treasury plans to introduce accrual accounting for revenues and expenses, on an unofficial basis, for the ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced the withdrawal of a Cyprus Investment Firm licence, as well as the termination of membership in the Investors Compensation Fund (...

The Bank of Cyprus (BoC) has not yet made a decision on whether to establish a representative office in Greece, it emerged on Friday. According to a report by Philenews, ...

Demetra Holdings Plc on Friday announced that it completed yet another repurchase of its own shares. According to the announcement, the transaction was in line with the relevant regulations of ...

Hellenic Bank and Eurobank Cyprus this week announced that a unified schedule of rights and charges will take effect in Cyprus from November 3, 2025, as part of their ongoing merger, aiming ...

Industrial producer prices in Cyprus fell by 0.2 per cent in July 2025 compared with June 2025, according to figures released by Eurostat. On an annual basis, Cyprus recorded a decrease of 1.2 per ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced a new policy statement setting out the fees that financial entities must pay under the European Union’s Digital Operational ...

The Cyprus Development Bank (CDB bank) on Thursday issued a clarification regarding media reports suggesting that the company may be the subject of an acquisition. “There is nothing specific to ...

Most Greeks struggle to build financial resilience, with more than half regularly running out of money before the end of the month, according to a new survey by fintech app ...

The statistical service has released the latest figures for road freight transport in Cyprus for the first quarter of 2025. During the period January to March 2025, the total weight of goods ...

Etek, Cyprus’ scientific and technical chamber is implementing its participatory budget for a fifth consecutive year, allocating €100,000 in the 2025 budget to fund projects and actions proposed by its members. Each ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday welcomed the introduction of financial literacy in primary and secondary schools, calling it an essential step for the country’s ...

The Cyprus Development Bank (CDB bank) on Thursday issued a clarification regarding media reports suggesting that the company may be the subject of an acquisition. “There is nothing specific to ...

Non-profit organisation TechIsland on Thursday announced that it has distributed 615 air purifiers to households in wildfire-hit villages in Cyprus, as part of the collective programme announced in July in response ...

The Cyprus competition commission on Thursday confirmed reception of a notification that Alpha Bank S.A., either directly or through Alpha Finance Investment Services S.M.S.A., intends to ...

The Cyprus Securities and Exchange Commission (CySEC) announced the dissolution and liquidation of Wanterfell Investment AIFLNP V.C.I.C. Ltd following the total redemption of its units. The fund, ...

Retail trade volume in Cyprus rose strongly in July 2025, Eurostat data showed on Thursday, outperforming the broader euro area and European Union. In the euro area, the seasonally adjusted retail ...

The Consumer Price Index (CPI) in Cyprus increased by 0.39 points in August 2025, reaching 117.04 units compared with 116.65 units in July 2025, according to a report from the state statistical service. Despite this ...

Greek retailer Jumbo posted an 8 per cent year-on-year increase in sales for the January–August 2025 period, as August maintained the group’s upward across all markets despite inflationary pressures, higher ...

Cyprus is on track to surpass last year’s record tourism revenues and arrivals, after posting the strongest growth among its Euro-Mediterranean peers in the first half of 2025. The statistical ...

The Bank of Cyprus on Thursday announced that the European Bank for Reconstruction and Development (EBRD), its last remaining legacy shareholder, has sold its entire stake in the lender. The ...

Nicosia is pressing ahead with two major projects, the future of the old state fair grounds and the Sopaz redevelopment. According to a report from Philenews, the municipality is treating ...

The Cypriot government has approved an additional €12 million for an affordable housing project in Strovolos, the Interior Ministry said this week. The scheme, to be carried out by the Cyprus ...

Demetra Holdings Plc on Thursday announced that it proceeded with the repurchase of 3,000 of its own shares through the Cyprus Investment and Securities Corporation Ltd. The company stated that the ...