#business

Alpha Bank reported net profits of €943.3 million for 2025 and announced a €519 million distribution to shareholders, marking what the lender described as a decisive year for its strategy and growth trajectory. “...

Withdrawals from Cyprus’ 405 automated teller machines (ATMs) reached €2.5 billion in the first half of 2025, according to data published by the Central Bank of Cyprus (CBC), with higher average transactions offsetting ...

Eurobank posted a net profit of €1.36 billion in 2025, beating its targets and outlining an ambitious 2026–2028 business plan focused on higher returns and increased shareholder distributions. “In 2025, we surpassed all the ...

The Cyprus Fiduciary Association (CYFA) on Friday announced new targets and actions to upgrade the administrative services sector, with particular emphasis on strengthening Cyprus’ international image as a reliable business ...

Lawmakers on the House Interior Committee on Thursday urged that a legislative proposal regulating the purchase of real estate by foreigners be brought to the plenary for a vote before ...

Parliament on Thursday approved Cyta’s €597.9 million budget for 2026 with 33 votes in favour, while also backing an amendment that requires prior scrutiny by the House Finance Committee before 17 senior officer ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a circular directing Cyprus Investment Firms (CIFs) to complete an electronic questionnaire regarding their cross-border activity during the 2025 calendar year. This ...

The European Union exported €554.0 billion worth of goods to the United States and imported €354.4 billion during 2025, resulting in a €199.6 billion trade surplus, according to Eurostat. Compared with 2024, both exports and ...

Cyprus’ tourism sector posted a record year in 2025, with its share of GDP rising to 14 per cent from 13.1 per cent, emphasising its role as a core contributor to economic growth, ...

The Cyprus Shipping Chamber (CSC) held its February members’ meeting this week, during which members were briefed on the new Cyprus tax reform framework. According to an update from the ...

Sentiment in Britain’s business and professional services sector became markedly less negative in the current quarter, ending more than a year of declines, but consumer-facing businesses remain downbeat, a ...

The Central Bank of Cyprus (CBC) on Thursday reported a sharp net decrease of €851.2 million in total deposits for January 2026, even as annual loan growth accelerated. According to the CBC’...

Cyprus’ tourism sector posted a record year in 2025, with its share of GDP rising to 14 per cent from 13.1 per cent, emphasising its role as a core contributor to economic growth, ...

The Cyprus Securities and Exchange Commission (CySEC) has released a statement informing investors that it identified another four websites that are not operated by entities authorised to provide investment services ...

Finance Minister Makis Keravnos on Thursday chaired the first General Affairs Council on Cohesion Policy under the Cyprus EU Presidency, stressing the policy’s central role in strengthening competitiveness and ...

Total employment in Cyprus rose to 531,062 persons, representing 65.2 per cent of the population, in the fourth quarter of 2025, according to the Labour Force Survey released by the Cyprus Statistical Service (...

The Cyprus Industrial Production Index rose to 113.0 units in December 2025, marking a 3.5 per cent increase compared with the same month a year earlier, according to the Cyprus Statistical Service (Cystat). ...

Piraeus Bank on Thursday announced strong profitability of €1.1 billion for 2025, corresponding to a 16 per cent return on tangible equity, adjusted for extraordinary items. At the same time, net profit amounted ...

GlobalWealth Group PLC on Thursday announced to the Cyprus Stock Exchange that it has signed an agreement for the potential acquisition of a stake in Vergina Kypros TV Ltd as ...

Artificial intelligence is boosting productivity in the eurozone but it is not yet causing a wave of layoffs due to greater automation of labour, European Central Bank President Christine Lagarde ...

Cyberattacks targeting the global maritime industry surged 103 per cent in 2025, rising from 408 incidents in 2024 to 828 incidents last year, as threat actors moved beyond data breaches and began targeting the core ...

Cypriot insurance provider ERB Cyprialife held its “Legends Awards 2026” at ParkLane hotel in Limassol on February 20, honouring insurance advisers and executives who are shaping the future of the insurance market ...

Cyprus’ economic climate weakened in February, as a downturn in the services sector weighed on overall sentiment, while economic uncertainty rose among consumers and most businesses, according to the University ...

The board of directors of ASBISc Enterprises Plc, the Cyprus-based IT distributor primarily known as Asbis, has announced that estimated consolidated revenues for January 2026 reached approximately $379 million, marking a sharp ...