Business & Finance

Monday 02 February | 12:02

Cyprus state payroll on unsustainable path, warns Averof

Former Disy leader Averof Neophytou has argued that the Cypriot economy is currently being undermined by an unsustainable surge in the state payroll which could otherwise be used to fund 15,000 ...

By Kyriacos Nicolaou

Monday 02 February | 12:15

Cyprus sees largest drop in cash use across the euro area

Cypriots are increasingly favouring digital payment methods, with card transactions now accounting for 75 per cent of total payment volume, the second-highest share in the eurozone after Portugal, according to data ...

By Souzana Psara

Monday 02 February | 12:02

Cyprus state payroll on unsustainable path, warns Averof

Former Disy leader Averof Neophytou has argued that the Cypriot economy is currently being undermined by an unsustainable surge in the state payroll which could otherwise be used to fund 15,000 ...

By Kyriacos Nicolaou

Monday 02 February | 13:56

Cyprus casino revenue hits €227 million amid competition from Greece and UAE

MPs examining the Cyprus Gaming and Casino Supervision Commission’s 2026 budget on Monday highlighted a surge in casino revenues alongside mounting competitive risks from Greece and the Middle East. The ...

By Souzana Psara

Monday 02 February | 12:15

Cyprus sees largest drop in cash use across the euro area

Cypriots are increasingly favouring digital payment methods, with card transactions now accounting for 75 per cent of total payment volume, the second-highest share in the eurozone after Portugal, according to data ...

By Souzana Psara

Monday 02 February | 13:00

Consumers’ association raises alarm over e-kalathi pricing

Concerns over misleading pricing on e-kalathi were raised on Monday by the consumers’ association, which warned that supermarkets may be “cooking” prices to appear cheaper than competitors. The association said ...

By James Morphakis

Monday 02 February | 11:38

Wizz Air increases London Gatwick flights from Larnaca, adds new route

Budget airline Wizz Air on Monday announced an expansion of its Larnaca base for the summer of 2026, adding a new destination and increasing frequencies across multiple existing routes. The airline ...

By Kyriacos Nicolaou

Monday 02 February | 12:58

Nicosia fund highlights capital growth at anniversary event

Equine Capital Partners celebrated its third anniversary on January 29 at the Landmark Hotel in Nicosia, marking a significant milestone for a firm that has become one of the most prominent ...

By Kyriacos Nicolaou

Cyprus Business News

Monday 02 February | 16:57

Cyta revenues climb to €442 million with solid 2025 profits

State-owned telecommunications provider Cyta on Monday presented its 2026 budget focused on digital infrastructure investment to the House finance and budget committee, outlining stable profitability, network resilience and a continued expansion ...

By Kyriacos Nicolaou

Monday 02 February | 16:02

Strong consumer activity fuels growth in Cyprus retail trade

Retail trade in Cyprus, excluding motor vehicles, recorded strong annual growth, according to a report by the Cyprus Statistical Service (Cystat). Specifically, the turnover value index of retail trade increased ...

By Kyriacos Nicolaou

Monday 02 February | 14:46

Cyprus government bond reaches maturity

The Republic of Cyprus will repay a zero-interest government bond a week from today, with the final interest payment made on the same day, according to an announcement by the ...

By Kyriacos Nicolaou

Monday 02 February | 14:26

Eurobank repurchases 1.7m shares in €7.37 million buyback

Eurobank S.A. on Monday announced that it repurchased 1,758,500 of its own shares under its approved share buyback programme between January 26, 2026 and January 30, 2026. The purchases followed the commencement of the ...

By Kyriacos Nicolaou

Monday 02 February | 14:21

Agros Development Company appoints new external auditor

Agros Development Company Proodos Public Ltd, which owns the Rodon Hotel, has announced a strategic change to its corporate governance, following a decision by its board of directors to appoint ...

By Kyriacos Nicolaou

Monday 02 February | 13:56

Cyprus casino revenue hits €227 million amid competition from Greece and UAE

MPs examining the Cyprus Gaming and Casino Supervision Commission’s 2026 budget on Monday highlighted a surge in casino revenues alongside mounting competitive risks from Greece and the Middle East. The ...

By Souzana Psara

Monday 02 February | 12:15

Cyprus sees largest drop in cash use across the euro area

Cypriots are increasingly favouring digital payment methods, with card transactions now accounting for 75 per cent of total payment volume, the second-highest share in the eurozone after Portugal, according to data ...

By Souzana Psara

Banking and Finance

Monday 02 February | 14:46

Cyprus government bond reaches maturity

The Republic of Cyprus will repay a zero-interest government bond a week from today, with the final interest payment made on the same day, according to an announcement by the ...

By Kyriacos Nicolaou

Monday 02 February | 14:26

Eurobank repurchases 1.7m shares in €7.37 million buyback

Eurobank S.A. on Monday announced that it repurchased 1,758,500 of its own shares under its approved share buyback programme between January 26, 2026 and January 30, 2026. The purchases followed the commencement of the ...

By Kyriacos Nicolaou

Monday 02 February | 12:58

Nicosia fund highlights capital growth at anniversary event

Equine Capital Partners celebrated its third anniversary on January 29 at the Landmark Hotel in Nicosia, marking a significant milestone for a firm that has become one of the most prominent ...

By Kyriacos Nicolaou

Monday 02 February | 12:15

Cyprus sees largest drop in cash use across the euro area

Monday 02 February | 08:42

Cypriot regulator sanctions firms over reporting and compliance failures

Monday 02 February | 08:20

Money growth cools as euro area households and firms tap the brakes

Shipping

Sunday 01 February | 15:00

New ocean sensors could transform how scientists track the marine carbon cycle

By CM Guest Columnist

Sunday 01 February | 08:00

Limassol-based maritime firm bolsters leadership with senior hire

By Souzana Psara

Friday 30 January | 08:00 Shipping

Limassol to host global shipping leaders for annual maritime forum

By Souzana Psara

Thursday 29 January | 11:04

Salamis Lines’ largest cargo ship Patris arrives in Limassol

By Souzana Psara

Thursday 29 January | 07:40

Seafarer welfare must be top of the agenda, says ICS chief

By Souzana Psara

Tuesday 27 January | 13:13

Ports authority unveils €41.5m plan to expand Latchi port

By Souzana Psara

Startups and Innovation

Friday 30 January | 19:01

Malekkos takes over as CITEA president, outlines AI and education focus

George Malekkos has taken over the presidency of the Cyprus Information Technology Enterprises Association (CITEA), setting out priorities centred on member value, artificial intelligence and closer cooperation with the state ...

By Souzana Psara

Thursday 29 January | 12:31

Cypriot firm wins three awards for use of AI and data in real estate analytics

Cypriot real estate analytics firm Ask Wire secured two Gold Awards and a Platinum distinction at the AI and Data Awards 2026, held recently in Athens, for its practical application of ...

By Souzana Psara

Thursday 29 January | 10:02

Cyprus startups invited to MWC Open Innovation Challenge 2026

The Enterprise Europe Network (EEN) Cyprus has issued an invitation for local small and medium-sized enterprises and startups to participate in the upcoming MWC Open Innovation Challenge 2026. This international business ...

By Kyriacos Nicolaou

Thursday 29 January | 09:02

Cyprus businesses urged to explore 300 digital services for agriculture

The Enterprise Europe Network (EEN) in Cyprus, in collaboration with the Agrifood and Digitalisation Sector Groups, will host an introductory webinar on February 10, 2025, to present the agrifood Testing and Experimentation ...

By Kyriacos Nicolaou

Wednesday 28 January | 11:44

Eurobank extends backing for Cyprus innovation and startup development

Eurobank on Wednesday announced that it renewed its cooperation agreement with the non-profit organisation Cyprus Seeds for a seventh consecutive year in January 2026, reaffirming its long-term commitment to innovation, scientific ...

By Kyriacos Nicolaou

Tourism

Monday 02 February | 11:38

Wizz Air increases London Gatwick flights from Larnaca, adds new route

Budget airline Wizz Air on Monday announced an expansion of its Larnaca base for the summer of 2026, adding a new destination and increasing frequencies across multiple existing routes. The airline ...

By Kyriacos Nicolaou

Sunday 01 February | 13:55

Third-country staff key to keeping Cyprus hotels running

There is an urgent need for immediate strengthening of human resources and international promotion of Cyprus as a tourist destination, according to Cyprus Hoteliers Association (Pasyxe) president Thanos Michaelides. These ...

By Kyriacos Nicolaou

Thursday 29 January | 13:48 Tourism

Cyprus tourism revenue hits €3.6bn — Israeli visitors highest daily spenders

Tourism revenue in Cyprus rose sharply in November 2025, with total receipts reaching €168 million, according to a report released on Thursday by the Cyprus Statistical Service (Cystat). The increase represents a 21.1 ...

By Kyriacos Nicolaou

Property

Thursday 29 January | 12:34

Limassol remains most expensive city in Cyprus as housing costs soar

Limassol continues to set the cost benchmark in Cyprus, driven primarily by sustained pressure on housing, while higher prices also extend into restaurants, leisure and private services, according to Numbeo’...

By Souzana Psara

Thursday 29 January | 12:31

Cypriot firm wins three awards for use of AI and data in real estate analytics

Cypriot real estate analytics firm Ask Wire secured two Gold Awards and a Platinum distinction at the AI and Data Awards 2026, held recently in Athens, for its practical application of ...

By Souzana Psara

Thursday 29 January | 06:30

Cost of farmland across the EU climbs sharply

The average price of one hectare of arable land in the European Union reached €15,224 in 2024, marking a rise of 6.1 per cent compared with €14,343 in 2023, according to new data released by ...

By Kyriacos Nicolaou

Tuesday 27 January | 09:44

Development with limits: nuisance as a legal and social issue

Construction activity constitutes a fundamental pillar of economic growth and urban development. In recent years, particularly in urban centres, the intensity and pace of development have significantly altered the built ...

By George Coucounis

Energy

Monday 02 February | 09:55

Petrolina completes €45.1m acquisition of ExxonMobil Cyprus

Petrolina (Holdings) Public Limited has completed the acquisition of ExxonMobil Cyprus Limited, with the transaction finalised end of January, 2026, the company said in a filing to the Cyprus stock exchange (...

By Souzana Psara

Saturday 31 January | 11:30

EU nuclear power generation rises for second year as France leads growth

Nuclear power generation across the European Union experienced a significant rebound during 2024 as twelve member states produced a combined 649,524 gigawatt hours of electricity, according Eurostat. This output represents an increase ...

By Kyriacos Nicolaou

Saturday 31 January | 08:30

EU’s LNG exposure to the US and associated risks

Forecasts published last week show that by 2030 the EU could be reliant on the US for 80 per cent of its LNG imports (Figure 1). That could mean about 40 per cent of ...

By Dr Charles Ellinas

Wednesday 28 January | 06:00

Record output lifts Energean to top end of 2025 guidance

Energean plc announced during its stock market update for preliminary 2025 results that the fourth quarter of 2025 was the strongest production quarter in the company’s history. The company stated the ...

By Kyriacos Nicolaou

Market spotlight

Monday 02 February | 16:20

Kokomix supports forest restoration in Souni village

By Press Release

Monday 02 February | 15:03

Cyta’s ‘DIVER’ ad video shines at Ermis Awards

By Press Release

Monday 02 February | 14:22

UNIC Athens, Laskaridis Shipping sign MoU to further maritime innovation

By Press Release

Monday 02 February | 14:06

Bazaraki remains untouched and by far the ‘No.1 Real Estate Choice in Cyprus’

By Press Release

Monday 02 February | 14:04

‘Shrek The Musical’: ogre-the-top fun at Heritage Private School

By Press Release

Cyprus 4.0

Wednesday 24 December 2025 | 15:30

She entered IT as an ‘experiment’. She stayed as a leader

A little over five years ago, Antonina Zinovenko, now manager of art department at Wargaming, stepped away from media and advertising and into IT, carrying no technical background whatsoever, only ...

By Souzana Psara

Wednesday 24 December 2025 | 12:10

Cyprus innovation on the rise: Broadening participation and opportunity

By Marilena Paraskeva Marilena Paraskeva is Head of Funding Programmes at the Research & Innovation Foundation Cyprus is steadily strengthening its position as a regional hub for research and innovation. ...

By CM Guest Columnist

Tuesday 23 December 2025 | 15:30

At the intersection of tech, communication and community: Artemis Pnevmatikou’s story

Her path was shaped less by long term plans and more by a curiosity that carried her across industries, until TechIsland offered a mission that immediately resonated with her. As ...

By Souzana Psara

Tuesday 23 December 2025 | 12:00

Why Cyprus tech needs more women CEOs and board members

Eurostat data shows Cyprus has seen rapid growth in ICT employment over the past decade, with the strongest gains among women. A Cyprus Mail report, citing Eurostat, puts average annual ...

By Panis Pieri

Monday 22 December 2025 | 15:30

How Tanya Romanyukha is helping Cyprus think bigger about tech

Tanya Romanyukha, General Manager of TechIsland and Leader of the Women in Tech Cyprus chapter, has spent the past decade building and connecting tech communities across Ukraine, the US, Europe ...

By Souzana Psara

image Liudmila Marochkina on leading technology through systems, not code

Monday 22 December 2025 | 12:00

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About Us

Business & Finance

Cyprus state payroll on unsustainable path, warns Averof

Cyprus sees largest drop in cash use across the euro area

Cyprus state payroll on unsustainable path, warns Averof

Cyprus casino revenue hits €227 million amid competition from Greece and UAE

Cyprus sees largest drop in cash use across the euro area

Consumers’ association raises alarm over e-kalathi pricing

Wizz Air increases London Gatwick flights from Larnaca, adds new route

Nicosia fund highlights capital growth at anniversary event

Cyprus Business News

Cyta revenues climb to €442 million with solid 2025 profits

Strong consumer activity fuels growth in Cyprus retail trade

Cyprus government bond reaches maturity

Eurobank repurchases 1.7m shares in €7.37 million buyback

Agros Development Company appoints new external auditor

Cyprus casino revenue hits €227 million amid competition from Greece and UAE

Cyprus sees largest drop in cash use across the euro area

Banking and Finance

Cyprus government bond reaches maturity

Eurobank repurchases 1.7m shares in €7.37 million buyback

Nicosia fund highlights capital growth at anniversary event

Cyprus sees largest drop in cash use across the euro area

Cypriot regulator sanctions firms over reporting and compliance failures

Money growth cools as euro area households and firms tap the brakes

Shipping

New ocean sensors could transform how scientists track the marine carbon cycle

Limassol-based maritime firm bolsters leadership with senior hire

Limassol to host global shipping leaders for annual maritime forum

Salamis Lines’ largest cargo ship Patris arrives in Limassol

Seafarer welfare must be top of the agenda, says ICS chief

Ports authority unveils €41.5m plan to expand Latchi port

Startups and Innovation

Malekkos takes over as CITEA president, outlines AI and education focus

Cypriot firm wins three awards for use of AI and data in real estate analytics

Cyprus startups invited to MWC Open Innovation Challenge 2026

Cyprus businesses urged to explore 300 digital services for agriculture

Eurobank extends backing for Cyprus innovation and startup development

Tourism

Wizz Air increases London Gatwick flights from Larnaca, adds new route

Third-country staff key to keeping Cyprus hotels running

Cyprus tourism revenue hits €3.6bn — Israeli visitors highest daily spenders

Property

Limassol remains most expensive city in Cyprus as housing costs soar

Cypriot firm wins three awards for use of AI and data in real estate analytics

Cost of farmland across the EU climbs sharply

Development with limits: nuisance as a legal and social issue

Energy

Petrolina completes €45.1m acquisition of ExxonMobil Cyprus

EU nuclear power generation rises for second year as France leads growth

EU’s LNG exposure to the US and associated risks

Record output lifts Energean to top end of 2025 guidance

Market spotlight

Kokomix supports forest restoration in Souni village

Cyta’s ‘DIVER’ ad video shines at Ermis Awards

UNIC Athens, Laskaridis Shipping sign MoU to further maritime innovation

Bazaraki remains untouched and by far the ‘No.1 Real Estate Choice in Cyprus’

‘Shrek The Musical’: ogre-the-top fun at Heritage Private School

Cyprus 4.0

She entered IT as an ‘experiment’. She stayed as a leader

Cyprus innovation on the rise: Broadening participation and opportunity

At the intersection of tech, communication and community: Artemis Pnevmatikou’s story

Why Cyprus tech needs more women CEOs and board members

How Tanya Romanyukha is helping Cyprus think bigger about tech

Liudmila Marochkina on leading technology through systems, not code

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