#business

Serious weaknesses in Cyprus’ system for licensing and supervising tourist accommodation are undermining efforts to upgrade the country’s tourism product, according to a new special report by the Audit ...

Greek banks, some of which are also operational in Cyprus, are moving closer in line with European peers after restoring capital adequacy, ranking among the most profitable in Europe and ...

The National Bank of Greece acquired 675,000 of its own shares between June 22, 2026, and June 29, 2026, as part of an ongoing share buyback programme. The transactions were executed at a weighted average ...

The Financial Wellbeing Index for Cyprus rose in 2025, but household financial pressure remains widespread, according to findings published by the Financial Wellbeing Institute and commented on by the Finance Ministry ...

Rental costs in Cyprus continued to increase in the opening months of 2026, while house prices also maintained their upward trajectory, according to data released by Eurostat on Thursday. The latest ...

Cyprus recorded 1,711,525 guest nights in short-term rental accommodation booked through online platforms during the fourth quarter of 2025, according to data released by Eurostat on Thursday, as demand for platform-based accommodation ...

Cyprus’ seasonally adjusted unemployment rate fell to 3.1 per cent in May 2026, according to figures released by Eurostat on Thursday, marking a further improvement from the previous month and a sharp ...

Cyprus’ house prices rose at a slower annual pace in the first quarter of 2026, although they increased compared with the previous quarter, preliminary figures from the state statistical service (Cystat) ...

Commercial shipping is no longer dealing with isolated danger zones, but with a chain of crises that are increasingly feeding into one another, Nikolas-Alketas Drosos, Maritime Commercial Manager & Country ...

Cyprus’ inflation rate rose to 3.1 per cent in June 2026, according to figures released by the statistical service (Cystat), as petroleum products and agricultural goods continued to record the sharpest annual ...

The Bank of Cyprus on Thursday announced that it received two major honours at the EMEA Finance Achievement Awards 2025 for its €300 million Tier 2 bond issuance, further strengthening its standing in ...

The American University of Beirut – Mediterraneo (AUB Mediterraneo) and Cyta have signed a memorandum of understanding (MoU) aimed at bringing academia and industry closer together, with a focus on innovation, ...

Retail proprietary trading is no longer among the European Securities and Markets Authority’s (ESMA) immediate regulatory priorities, according to Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides, despite ...

Paphos is evolving into one of Cyprus’ most dynamic business and investment centres, with tourism now complemented by real estate, education, technology and professional services, according to an analysis published ...

The ECB is considering doubling the proportion ​of cash lenders must keep as reserve in an unremunerated account, six sources told Reuters, which ‌would cut the central bank’s own ...

The Central Bank of Cyprus (CBC) has lowered its growth forecasts for the Cypriot economy for 2026 and 2027, pointing to the impact of the war in the Middle East and warning ...

The European Union published the 2026 edition of key figures on European business this week, offering a comprehensive analysis of industry activities, investment, productivity, globalisation, technology, and tourism across member states. ...

Paramount Skydance Corp (PSKY.O) has offered remedies to address EU ​competition concerns about its $110 billion acquisition of ‌Warner Bros Discovery (WBD.O), a regulatory filing showed on Wednesday, in ...

Global passenger demand fell 2.2 per cent year-on-year in May, as the war in the Middle East continued to disrupt air travel, although demand outside the region remained positive, according to ...

The Central Bank of Cyprus (CBC) has lowered its growth forecasts for the Cypriot economy for 2026 and 2027, pointing to the impact of the war in the Middle East and warning ...

The Cyprus Securities and Exchange Commission (CySEC) announced on Wednesday that it has granted an exemption to Logicom Services Limited regarding the mandatory requirement to launch a public takeover bid ...

Cyprus recorded an estimated annual inflation rate of 4 per cent in June 2026, up from 3.5 per cent in May, according to flash figures released on Tuesday by Eurostat, while inflation across ...

Cyprus’ turnover value index of retail trade saw an year-on-year increase of 9.8 per cent in May, according to a report from the state statistical service (Cystat). For the same month, ...

A total of 800 homes out of 1,200 approved properties have been incorporated into the mortgage to rent scheme, state-owned asset management company Kedipes said on Wednesday, as it continues processing applications. ...