Cyprus Business News

Here are the top business stories in Cyprus from the week starting May 18: The launch of Cyprus’ competitive electricity market represents an important modernisation step, but stronger regulatory safeguards are ...

On 19 May Cyprus approved the Development and Production Plan of the Kronos gasfield in block 6 by the ENI-TotalEnergies consortium. This focuses on a fast-track, subsea tie-back to the existing Zohr ...

Fuel prices across the European Union surged in April, with Cyprus recording one of the steepest monthly increases in diesel costs, reflecting broader energy market pressures. According to a report ...

Cyprus Airways and flydubai have announced the launch of a new interline agreement, aimed at strengthening international connectivity and offering passengers seamless access to an expanded network across the Middle ...

The Cyprus Securities and Exchange Commission (CySEC) has alerted regulated entities to strengthened anti-money laundering guidelines and new risk reports, as data from the Financial Intelligence Unit (Mokas) pointed to ...

The Cyprus Employers and Industrialists Federation (Oev) announced on Friday that it will support the Green Agenda Summit 2026 as an institutional supporter, with the event set to take place in ...

Eurozone finance ministers and central bankers on Friday said the Middle East crisis requires targeted and temporary support measures for households and businesses, warning against broad fiscal intervention as a ...

The Central Bank of Cyprus (CBC) on Friday reported that total assets of investment organisations in Cyprus rose by 3.5 per cent by the end of March 2026, exceeding €8 billion. The increase ...

Investment firm Demetra Holdings Plc on Friday announced that it acquired 6,170 of its own shares on the Cyprus Stock Exchange (CSE) on May 21, 2026, as part of its ongoing capital management ...

Google has rejected claims that it is failing to tackle fraudulent advertising on its platforms, after Cyprus and European consumer groups filed a complaint against Meta, TikTok and Google over ...

Employment in ICT-related fields across the EU increased during 2025, with Cyprus standing out for its highly educated workforce in the sector. According to Eurostat, 3.4 million people were employed in the ...

Lithuania’s Finance Minister Kristupas Vaitiekūnas said Cyprus and Lithuania can deepen cooperation, particularly in tourism and defence, while visiting Cyprus for the informal ECOFIN meeting in Nicosia on ...

Cyprus Finance Minister Makis Keravnos on Friday called for increased investment across Europe while warning against weakening fiscal discipline, as discussions turned to stablecoins and financial stability ahead of an ...

Cyprus-based cross-border firms drive surge in suspicious activity filings, says Mokas The Cyprus Securities and Exchange Commission (CySEC) has alerted regulated entities to strengthened anti-money laundering guidelines and new risk ...

Hermes Airports CEO Eleni Kaloyirou joined business leaders at the 5th ICPAC Mediterranean Finance Summit, held on 21–22 May in Limassol, taking part in a discussion on the growing importance of ...

Cyprus must look beyond traditional ideas of resilience and treat investment funds as part of its wider economic defence, as regional instability, energy pressures and trade disruption move closer to ...

Cyprus is set to remain among the European Union’s fastest-growing economies in 2026, with unemployment expected to fall to a historic low, President Nikos Christodoulides said. Referring to the European ...

Limassol-based Island Oil (Holdings) Ltd has received the Silver Award in the Social Leader category at the ESG Shipping Awards International 2026, adding another Cyprus-linked distinction to a ceremony that brought ...

Artificial intelligence is no longer only changing the tools people use at work, but it is also reshaping what companies, universities and training centres understand by talent. Indeed, speakers at ...

Rent prices in some of the world’s most expensive neighbourhoods are continuing to climb, turning even the smallest homes into an increasingly costly luxury as the global housing crisis ...

Aleksandra Sulimko, COO of TheSoul Group, said organisations do not get stuck because they lack tools, strategies or technology, but because of how people react when uncertainty becomes uncomfortable. Speaking ...

The Research and Innovation Foundation (RIF) has announced a proposal writing workshop aimed at supporting applicants to its technology commercialisation funding call, scheduled to take place later this month. The ...

Eurobank on Thursday opened a representative office in Mumbai, becoming the first bank from southeastern Europe to operate such a service in India. A ceremony was held to mark the ...

The Paphos regional tourism board (Etap) participated in a European project meeting in France focused on smart tourism, digital innovation and sustainable destination management, according to an official announcement. Specifically, ...