#business

The Cyprus International Businesses’ Association (CIBA) on Thursday submitted its positions on the proposed tax reform bills as part of the government’s public consultation process. According to CIBA, its ...

The European Central Bank’s (ECB) Governing Council decided today to keep the three key ECB interest rates unchanged. “Inflation is currently at around the 2 per cent medium-term target and ...

Cyprus saw a continued rise in business activity in 2023, with the number of enterprises climbing by 4.5 per cent to 125,152 compared with 119,816 in 2022, according to the Statistical Service (Cystat). This increase ...

Total government employment in Cyprus reached 52,661 persons in August 2025, marking an increase of 209 individuals or 0.4 per cent compared with August 2024, according to the Statistical Service (Cystat).  Employment in the civil ...

Greece’s maritime employees’ pension fund, (NAT) presented its first study on ‘International good practices for the promotion of women’s maritime employment’ last week during the 89th Thessaloniki International ...

The Bank of Cyprus (BoC) on Thursday announced that on September 10, 2025, it successfully launched and priced an issue of €300 million unsecured and subordinated Tier 2 Capital Notes under its €4 billion Euro ...

Building applications received by the Larnaca district local government organisation (EOA) increased by 53 per cent in January-July 2025 compared to the same period last year. According to the organisation’s statistics, 1,295 ...

The Cyprus Securities and Exchange Commission (CySEC) has announced two training initiatives for financial and business operators, both focusing on strengthening compliance with international sanctions and tackling risks linked to ...

Fitch Ratings has slightly upgraded its forecast for global growth in 2025 to 2.4 per cent, an increase of 0.2 percentage points compared with its projections in June. The revision is based on ...

The Cyprus Statistical Service (Cystat) this week published detailed data on sales of locally produced industrial commodities for 2023. Total sales of industrial commodities produced by local units reached €4.60 billion in 2023, ...

Investors are cautiously approaching the US Treasury’s sale of $22 billion in 30-year bonds on Thursday after an underwhelming auction last month that had some of the weakest demand metrics ...

Jaguar Land Rover (JLR) said on Wednesday that a cybersecurity breach disclosed last week had impacted “some data,” disrupting both production and sales at the British luxury carmaker. The company ...

US oil major Chevron (CVX.N) has submitted a bid to explore for natural gas in four blocks offshore Greece in a consortium with Greece’s Hellenic Energy (HEPr.AT), ...

The number of bounced cheques recorded in Cyprus reached 16 in August 2025, with a total value of €52,891, according to data published on Wednesday by the Central Bank of Cyprus (CBC). These ...

By H.E. Manish, High Commissioner of India to Republic of Cyprus GST 2.0 Reforms: India’s Next Step Towards Simplicity and Growth  The Goods and Services Tax (GST), introduced in ...

The Bank of Cyprus (BoC) on Wednesday announced that investment manager Wellington Management Group LLP has increased its stake in the bank, crossing the 6 per cent threshold of voting rights, ...

The gap between deposit and lending rates in Cyprus remains significant compared with the eurozone, with borrowing rates considerably higher and deposit rates comparatively lower, the Central Bank of Cyprus (...

The board of directors of Lordos Hotels (Holdings) Public Ltd will review the company’s half-yearly results for 2025 at its upcoming meeting, the firm announced on Wednesday. The meeting is ...

The Cyprus Stock Exchange (CSE) on Wednesday announced that several shares will be removed and replaced across its main indices, the FTSE/CySE20, the General Index, and the New Market ...

The Finance Ministry on Wednesday announced that the 13-week government treasury bills from the sixth 2025 issue will reach maturity on September 19, 2025. These treasury bills, issued on June 20, 2025, are traded on ...

Demetra Holdings Plc on Wednesday announced that its board of directors will meet on Tuesday, September 23, 2025, to review the company’s consolidated half-yearly financial results for the period ended June 30, 2025. ...

Young entrepreneurs in Cyprus have set a new record this year for the ‘Stelios Awards for Young Entrepreneurs in Cyprus’, with 77 applications submitted, the highest number so far.   At the ...

With a vision for a fairer, more resilient, and united society, the ENA Foundation officially begins its work in Cyprus, ushering in a new era of social contribution and tangible ...

Foreign investors in Cyprus face significant hurdles due to bureaucratic inefficiencies, excessively demanding banking procedures, and gaps in infrastructure, a number of officials warned. During a House energy committee meeting ...