Cyprus Business News

A significant decline of 24 per cent was recorded in the number of building permits issued in Cyprus in January 2025, when compared to the same month in 2024, according to data released ...

The total assets of investment funds in Cyprus rose by €169.2 million, an increase of 2.3 per cent in March 2025, compared to December 2024, reaching €7.53 billion, according to the Central Bank of Cyprus (...

PwC Cyprus once again took center stage at Reflect Festival 2025, held on 15-16 May in Limassol, reaffirming its commitment to fostering innovation and leadership in the business world. As a ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday issued a fresh warning to the public, alerting investors about a number of online platforms operating without authorisation. According to CySEC, ...

Cyprus’ planned accession to the Schengen zone is expected to give the tourism sector a fresh boost, improving access for travellers and reinforcing efforts to establish the island as a ...

Minister of Energy George Papanastasiou travelled to Doha this week to represent President Nikos Christodoulides at the Qatar Economic Forum, taking place from May 20 to 22. According to a statement from ...

The Bank of Cyprus on Tuesday announced the allotment of 317,817 new shares to members of its general management as part of its long-term and short-term incentive plans. The shares have ...

Hellenic Bank on Tuesday released a statement summarising its participation at this year’s Reflect Festival, highlighting its commitment to innovation, digital transformation, and the strategic role of technology in ...

The Limassol Chamber of Commerce and Industry (Evel) has cautiously welcomed President Nikos Christodoulides’ latest pledges for the city, backing the vision but pressing the government to deliver clear deadlines ...

President Nikos Christodoulides on Tuesday welcomed the European Commission’s latest economic forecast, describing it as a “clear endorsement of Cyprus’ resilience, stability and prudent policymaking”. Speaking during the opening ...

Deputy Minister for Shipping Marina Hadjimanolis on Monday called for deeper inclusion of women in the maritime industry, during the ministry’s third annual event in Limassol to mark the ...

Paphos is joining nine other European regions in the EU-backed Smart-Tour initiative to boost digital and sustainable tourism as part of its strategy to become a forward-looking destination. According to ...

France and Germany are moving towards a joint European energy policy based on technological neutrality, marking a new phase in nuclear energy, according to Andreas Poullikkas, professor of energy systems ...

The price index for construction materials in Cyprus recorded a 1.2 per cent increase during the period from January to April 2025, compared with the same period in 2024, according to the state ...

Consumer prices in Cyprus rose by 1.4 per cent in April 2025 compared with the same month a year earlier, according to the Harmonised Index of Consumer Prices (HICP) published by the ...

Cyprus’ economy is expected to continue growing at a robust pace in 2025 and 2026, according to the European Commission’s Spring 2025 Economic Forecast released on Monday. Specifically, growth is expected to ...

Cyprus residents made 164,844 trips abroad in April, marking a 24.1 per cent increase compared with the 132,806 trips recorded in April of last year, according to data released by the statistical service ...

The Cyprus Development Bank (cdbbank) on Monday released its financial results for 2024, posting a profit after tax of €4.09 million. This represents a decline of approximately 41 per cent year-on-year, from the ...

Cyprus is moving ahead with its first affordable rental housing scheme, with construction on the initial phase of a new development in Limassol expected to begin by June, according to ...

Cyprus has reported a notable rise in early-stage entrepreneurial activity and public optimism, according to the latest Global Entrepreneurship Monitor (GEM) survey presented at the University of Cyprus. Despite this, ...

The Cyprus Real Estate Agents Registration Council on Monday again voiced concerns over a proposed law that would require all rental and sale contracts for real estate to be drawn ...

Startups, investors, and technology experts gathered once again in Limassol on 15–16 May for Reflect Festival 2025. Cyprus’ flagship technology and entrepreneurial event delivered another impactful two-day edition packed with discussions, networking, ...

Each year, the International Day for Women in Maritime Affairs promises celebration, but behind the speeches and social media tributes, the sector’s gender gap remains deeply entrenched. At this ...

Safe Bulkers, the Limassol-based shipping company led by Polys Hajioannou, has extended its support to the Cyprus Maritime Academy (CyMA), awarding eight cadets with annual scholarships of €5,000 for the full ...