Idle land is fuelling Cyprus’ housing crisis, Loizou says
Ask Wire CEO Pavlos Loizou has warned that Cyprus’ housing problem is not being driven by a lack of land, but by the failure to use existing land effectively, arguing ...
Cyprus’ unemployment falls as more people enter work
Cyprus recorded a clear improvement in its labour market during the first quarter of 2026, with the unemployment rate falling to 4 per cent compared to 5 per cent in the same period ...
Idle land is fuelling Cyprus’ housing crisis, Loizou says
Ask Wire CEO Pavlos Loizou has warned that Cyprus’ housing problem is not being driven by a lack of land, but by the failure to use existing land effectively, arguing ...
Cyprus’ unemployment falls as more people enter work
Cyprus recorded a clear improvement in its labour market during the first quarter of 2026, with the unemployment rate falling to 4 per cent compared to 5 per cent in the same period ...
Cyprus industrial output prices dip as electricity sector falls
The Index of Industrial Output Prices for April 2026 reached 121.7 units, marking an annual decrease of 0.2 per cent compared to the same month in the previous year.
According to a report ...
Kataklysmos weekend lifts Paphos hotels, but season remains under pressure
Paphos hotels are expected to see occupancy rates exceed 90 per cent during the Kataklysmos holiday weekend, as strong demand from Cypriot visitors gives the sector a welcome, if short-lived, boost.
...
Housing row heats up as Ioannou challenges Fidias’ €1.5bn plan
Interior Minister Constantinos Ioannou has defended the government’s business-friendly approach to housing and development, saying the private sector is better placed than the state to deliver projects quickly and ...
Cyprus industrial output prices dip as electricity sector falls
The Index of Industrial Output Prices for April 2026 reached 121.7 units, marking an annual decrease of 0.2 per cent compared to the same month in the previous year.
According to a report ...
Idle land is fuelling Cyprus’ housing crisis, Loizou says
Ask Wire CEO Pavlos Loizou has warned that Cyprus’ housing problem is not being driven by a lack of land, but by the failure to use existing land effectively, arguing ...
Cyprus’ unemployment falls as more people enter work
Cyprus recorded a clear improvement in its labour market during the first quarter of 2026, with the unemployment rate falling to 4 per cent compared to 5 per cent in the same period ...
Cyprus’ government posts €593.4m surplus in first four months
The Cyprus general government recorded a fiscal surplus of €593.4 million during January-April 2026, according to preliminary data released on Friday by the Cyprus Statistical Service (Cystat).
The surplus corresponded to 1.5 per ...
Kataklysmos weekend lifts Paphos hotels, but season remains under pressure
Paphos hotels are expected to see occupancy rates exceed 90 per cent during the Kataklysmos holiday weekend, as strong demand from Cypriot visitors gives the sector a welcome, if short-lived, boost.
...
EU adopts Cyprus-backed plan for tourism’s future
The EU’s Competitiveness Council this week adopted conclusions on sustainable and competitive tourism, in what Deputy Tourism Minister Kostas Koumis described as a key achievement of the Cyprus Presidency ...
Housing row heats up as Ioannou challenges Fidias’ €1.5bn plan
Interior Minister Constantinos Ioannou has defended the government’s business-friendly approach to housing and development, saying the private sector is better placed than the state to deliver projects quickly and ...
Cyprus Business Now: fuels, housing, shipping, Posidonia, startup, PwC
The numbers do not lie, although they do not quite add up either. Not until you look closer.
For the Cyprus property market, 2025 was a record-breaking year. Total transaction value ...
Professional services sector takes centre stage at upcoming Nicosia summit
A major economic summit focusing on the trajectory and contribution of the professional services sector will convene in Nicosia on June 4, 2026.
The high-level gathering, officially titled the Fourth Professional Services ...
Cyprus industrial output rebounds as electricity supply jumps
Cyprus’ industrial production index recorded an annual increase of 4.7 per cent in March, according to a report from the state statistical service (Cystat).
The service reported that the index reached 116.7 ...
Future will be defined by who uses AI to transform business, PwC CEO-elect says
PwC Cyprus CEO-elect Andreas Yiasemides has stressed that artificial intelligence is “no longer a future ambition or a technology experiment taking place on the margins of day-to-day business”, describing it ...
Analysts stay bullish on Greek lenders
Greek banks remain in a strong position despite recent weakness in their share prices, according to fresh assessments by Jefferies and UBS, with both investment houses maintaining positive recommendations for ...
ECB warns of elevated financial stability risks amid geoeconomic shock
The European Central Bank (ECB) published its May 2026 financial stability review on Wednesday, revealing that financial stability vulnerabilities remain elevated as a significant geoeconomic shock unfolds.
According to the ECB, ...
ESMA proposes move to mandatory electronic communication channels
Russia allows central bank, top lender Sberbank to down drones
CySEC proposes new fees for investment management sector
Startups
Cypriot startup aims to reshape labour market with more transparent hiring
Cypriot startup Kyprium is aiming to transform the island’s recruitment sector through artificial intelligence, with founder Michalis Senekkis arguing that Cyprus must move away from informal hiring practices and ...
Cyprus shows strong startup intent but faces structural hurdles
Cypriots have strong entrepreneurial perceptions and intentions but have to contend with structural challenges which ultimately limit the creation of new businesses, according to the 9th national entrepreneurship report for ...
Funding initiative targets early stage Cyprus startups
The Research and Innovation Foundation (RIF) has announced a new call for proposals under its ‘Creation and Initial Development of Startups with International Orientation (PRE-SEED)’ programme, aiming to support young ...
Cyprus to host high level European digital frontier conference in Nicosia
The Deputy Ministry of Research, Innovation and Digital Policy has announced that Cyprus will host a major international tech summit in Nicosia on June 17, 2026, to shape the future of the ...
EU adopts Cyprus-backed plan for tourism’s future
The EU’s Competitiveness Council this week adopted conclusions on sustainable and competitive tourism, in what Deputy Tourism Minister Kostas Koumis described as a key achievement of the Cyprus Presidency ...
Limassol hotel sector opts for continuity with Tsanos re-election
Christos Tsanos has been re-elected president of the Limassol district branch of the Cyprus Hoteliers Association (Pasyxe), as the city’s hotel industry looks to maintain stability in a period ...
Idle land is fuelling Cyprus’ housing crisis, Loizou says
Ask Wire CEO Pavlos Loizou has warned that Cyprus’ housing problem is not being driven by a lack of land, but by the failure to use existing land effectively, arguing ...
Looking for a student apartment? How do you know you’ve seen them all?
When you’re searching for your first student home in Cyprus, the worst part isn’t failing to find an apartment. It’s not knowing whether you’ve seen them ...
Housing row heats up as Ioannou challenges Fidias’ €1.5bn plan
Interior Minister Constantinos Ioannou has defended the government’s business-friendly approach to housing and development, saying the private sector is better placed than the state to deliver projects quickly and ...
Build-to-Rent housing: the missing link in Cyprus’ property boom
The numbers do not lie, although they do not quite add up either. Not until you look closer.
For the Cyprus property market, 2025 was a record-breaking year. Total transaction value ...
€350 million tender launched for Vasiliko port expansion
The ports authority on Friday announced a tender for consulting services related to the planned €350 million expansion of the Vasiliko port in Mari.
“The announcement constitutes an essential step for ...
Cyprus petroleum sales fall amid fuel price pressures
Total petroleum product sales in Cyprus fell by 5 per cent year-on-year in April 2026, as the island continued to feel the effects of rising fuel prices and broader energy market volatility ...
Fragile supply chains drive up global energy transportation costs
The global oil and marine fuel market is moving into a more uncertain period, as tensions in the Middle East, restrictions around the Strait of Hormuz and changes in Russian ...
Battery storage firms eye AI demand but face grid, supply hurdles
Battery storage firms in the US are seeing surging interest from power-hungry AI data centers, but lengthy queues to connect to the grid and a supply chain heavily dependent on ...
Eurobank: building the bank of the future
The banking sector is advancing rapidly into a new era, with technology serving as the primary driver of transformation and growth. In Cyprus, Eurobank is proactively moving beyond digital transformation ...
Startups
Cyprus fintech targets SMEs with device-agnostic payment app
The landscape of commercial transactions in Cyprus is undergoing a profound shift as the island moves closer to a cashless society.
While international payment giants have long dominated the fintech ...
Teaching children the value of money in a digital world
In a world where digital payments, mobile apps and instant transactions are becoming the norm, financial literacy is no longer a skill reserved for adulthood. Today’s children are growing ...
MONEYGATE: Building financial infrastructure for a digital economy
The financial sector is being redefined in real time. From digital payments and embedded finance to regulatory transformation and intelligent automation, the way businesses manage and move money is undergoing ...
