Kyriacos Nicolaou

Business & economy news from the day before Public debt continued to fall in 2025, reaching its lowest percentage of GDP since 2008, while Cyprus also recorded its fourth consecutive fiscal surplus. ...

The European Central Bank (ECB) has reported that 444,000 counterfeit euro banknotes were withdrawn from circulation in 2025, representing a 20 per cent decrease compared with the previous year. The ECB said that ...

Cyprus recorded a general government fiscal surplus of €538.8 million in January 2026, equivalent to 1.5 per cent of gross domestic product, according to the Cyprus Statistical Service (Cystat). The figure represents a ...

Finance Minister Makis Keravnos on Friday said the role of Invest Cyprus remains decisive in establishing Cyprus as an attractive, safe and competitive investment destination, during remarks delivered at the ...

Interest rates for new housing loans in Cyprus rose to a peak of 3.41 per cent in January, up from 3.25 per cent during the previous month, though borrowing costs on the ...

Invest Cyprus on Friday presented the results and actions for 2024 and 2025 during its annual general meeting, highlighting the strengthening of Cyprus’ international investment position and the growing contribution of foreign ...

Eurogate Container Terminal Limassol (ECTL) and the Eratosthenes Centre of Excellence of the Cyprus University of Technology have signed a memorandum of cooperation aimed at strengthening collaboration and developing joint ...

Limassol district local government organisation (EOA) president Yiannis Tsouloftas this week met with shipping deputy minister Marina Hadjimanolis to discuss cooperation opportunities under the European EIT Water initiative. The meeting ...

Limassol’s Kourion municipality is pushing for the creation of a marine aquarium and Mediterranean marine life research centre on the western side of the Akrotiri municipal district, a project ...

The European Union must adopt a long-term and targeted institutional framework for the resilience of coastal areas to replace the current approach of short-term project implementation, Cyprus Marine and Maritime ...

International banks signalled strong confidence in the Greek banking sector’s outlook for 2026, highlighting resilient credit expansion, solid asset quality and growing investor demand. This follows meetings with major lenders ...

The Cyprus Stock Exchange (CSE) on Thursday announced that the 13-week Treasury Bills 12th Issue, Series 2025 of the Republic of Cyprus will be suspended from trading between March 17, 2026 and March 19, 2026, ...

Budget airline Wizz Air on Thursday announced that it reopened sales of Wizz MultiPass in Cyprus, a subscription product that allows passengers to secure fixed flight prices for a year. ...

Cyprus recorded a trade deficit of €476.6 million in January 2026, significantly lower than the €707.5 million deficit registered in January 2025, according to a report from the state statistical service published on Thursday. ...

Cyprus recorded one of the sharpest declines in agricultural input prices in the European Union during the fourth quarter of 2025, highlighting easing cost pressures for farmers on the island. According ...

Cyprus has nearly closed the gap with the European Union average for digital governance, with seven in ten residents now using online public services Specifically, Eurostat on Thursday reported that 70.66 ...

The Employers and Industrialists Federation (Oev) on Thursday said that Cyprus remains a safe and reliable destination for international investment, business activity and quality tourism, following a meeting of its ...

Greek air carrier Aegean Airlines on Thursday announced its fourth quarter and full year 2025 financial results, reporting higher revenue, profits and passenger numbers as the airline continued its expansion strategy. ...

Three European Parliament committees this week voted to endorse proposals introducing a new category of small mid-cap enterprises to extend regulatory exemptions to growing businesses. The move seeks to bridge ...

Vassiliko Cement Works Public Company Ltd will hold an Extraordinary General Meeting of shareholders at its plant offices in Vassiliko to consider proposed amendments to the company’s constitutional documents. ...

Investment firm Demetra Holdings Plc on Wednesday announced that it conducted a buyback of 8,900 of its own shares on March 10 during a single trading session on the Cyprus Stock Exchange (...

The Finance Ministry has announced the upcoming maturity of the 13-week Treasury Bills, 12th issue of 2025, confirming that the securities will soon cease trading on the regulated market. The announcement ...

Revolut Bank UK Ltd has received approval from the Prudential Regulation Authority (PRA) to launch as a fully licensed bank in the United Kingdom after the regulator lifted restrictions following ...

Limassol district local government organisation (EOA) president Yiannis Tsouloftas on Wednesday visited the DP World facilities at Limassol port, where he was briefed on operations and confirmed that all activities ...