#business

The environment department has given approval for a €55 million project to convert an existing tourist apartment complex into a 480-bed, 4-star hotel in Polis Chrysochous, it emerged on Wednesday. In ...

President Donald Trump is likely to dust off a 1930 trade law largely forgotten for decades to back his new reciprocal US tariffs that will match other countries’ higher import taxes, ...

Project Management Offices (PMOs) are evolving to meet the demands of a rapidly changing business environment, according to Stavros Christoforou, senior manager at PwC Cyprus’ advisory services. Christoforou explained that ...

The European Commission has issued a positive preliminary assessment for Cyprus’ request to receive €76.9 million under the NextGenerationEU programme, which aims to drive Europe’s recovery towards a greener, more ...

The Cyprus Borrowers Association (Syprodat) reported this week that it has observed a significant increase in activity among nearly all banks focusing on up-to-date borrowers. As a reaction, the association ...

Cyprus’ government employment increased by 461 people in January 2025, a rise of 0.8 per cent, compared to January 2024, reaching a total of 55,107 employees. This growth was primarily driven by an increase in ...

Eurobank announced on Tuesday that it has completed the acquisition of an additional 37.5 per cent stake in Hellenic Bank, bringing its total shareholding to 93.47 per cent. The bank has also ...

Turkey and Turkmenistan have signed an agreement to facilitate the flow of Turkmen natural gas to Turkey, marking a significant step in energy cooperation between the two nations, Turkish Energy ...

Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al Ghais said at the ...

Cyprus is positioning itself to become a high-quality, year-round tourist destination that balances sustainability, environmental friendliness, and economic growth, according to the president of the Association of Cyprus Tourist Enterprises (...

Cypriot tourism has recovered from the challenges of the previous three years, including the pandemic and the loss of the Russian market, according to president Nikos Christodoulides. Speaking during the ...

Cyprus is not immediately affected by the tariffs imposed by US president Donald Trump, but the risk of inflationary pressures on the country remains, Finance Minister Makis Keravnos said on ...

Limassol continued to lead Cyprus’ high-value real estate market in 2024, accounting for eight of the ten most expensive property transactions, with a total value of €176.8 million, according to real estate ...

Greek retail chain Jumbo Group has reported a 3 per cent increase in January sales for its stores in Cyprus, according to recent data shared by the company. This growth comes ...

Eurobank announced on Tuesday that it has completed the acquisition of an additional 37.5 per cent stake in Hellenic Bank, bringing its total shareholding to 93.47 per cent. The bank has also ...

European Commission President Ursula von der Leyen on Tuesday vowed “firm and proportionate countermeasures” in response to US President Donald Trump’s decision to impose tariffs on all steel and ...

The society for the promotion of cooperative banks in Cyprus has expressed its support for the efforts of Finance Minister Makis Keravnos to spark growth in the sector. This is ...

Freedom Holding Corp. (FRHC), the parent company of Freedom24, on Tuesday reported strong third quarter results for the 2025 fiscal year, as well as a record market capitalisation of $9 billion. “These ...

S&P Global Ratings has upgraded the long-term issuer credit rating of Bank of Cyprus Public Co. Ltd. (BoC) to ‘BBB-’ from ‘BB+’, reflecting improvements in the Cypriot banking ...

Central banks safeguard financial stability and inflation while also driving Europe’s innovation, according to Costas Papadopoulos, executive director at Cypriot fintech Moneygate. He explained that “by ensuring a stable ...

The Cyprus Institute of Certified Management Consultants (CICMC) and the University of Limassol (UoL) this week announced that they have formalised their collaboration by signing a Memorandum of Understanding (MoU). ...

Logicom Public Limited has announced the completion of the sale of 13,729,704 shares, representing a 3.326 per cent stake in Hellenic Bank, held by its subsidiary Logicom Services, to Eurobank S.A. ...

The Central Bank of Cyprus (CBC) has issued a warning regarding the risks associated with investing in crypto-assets, stressing the need to safeguard financial stability and protect consumers. In a ...

Vehicle registrations in Cyprus fell by 3.9 per cent in January 2025, reaching 4,077 compared to 4,243 in the same month last year, according to a report from the statistical service. Passenger saloon car ...