Cyprus Business News

The Mall of Cyprus (MC) Plc increased first-half profit by 25.5 per cent in 2026, helped by higher income from commercial space and lower finance costs, while its cash position also strengthened. ...

Cyprus’ slow response to climate change and delays in the energy transition could pose a growing risk to the sustainability of public debt, Fiscal Council chairman Andreas Charalambous warned, pointing ...

Artificial intelligence is set to fundamentally reshape retail banking in Europe by 2030, with early adopters expected to pull significantly ahead of competitors, according to new research from Visa. The study, ...

Artificial intelligence is already reproducing human biases and gender stereotypes, making the participation of women in the design and development of technology increasingly important, Gender Equality Commissioner Josie Christodoulou said ...

Greek food manufacturer E.I. Papadopoulos SA saw sales exceed €250 million in 2025, although higher costs weighed on profitability, as the company presses ahead with a €59.6m investment at its Volos ...

Mitsides Public Company Ltd increased first-half profit by almost 14 per cent in 2026 despite a slight decline in sales, helped by a stronger gross margin and lower financing costs. According to ...

An EU-backed entrepreneurship scheme in Cyprus is expected to support the creation of around 800 new businesses and more than 1,600 jobs, as the island continues to channel cohesion-policy funding into business ...

The Cyprus Securities and Exchange Commission (CySEC) has called on fund managers and self-managed investment funds to submit their third-quarter statistical returns by October 30, 2026, warning that late or incomplete filings ...

Cyprus’ deep-tech ecosystem has grown to more than 150 start-ups, backed by almost €1 billion in competitive research and innovation funding over the past decade, according to ecosystem mapping presented at the ...

Cyprus’ Research and Innovation Foundation (RIF) has more than tripled the number of EU state aid provisions it uses to fund research and innovation, expanding from three key articles in 2016 ...

Cyprus Investment Firms have been told they cannot retain interest generated on client funds held with banks, after Cyprus Securities and Exchange Commission (CySEC) adopted a new European supervisory position ...

The statistical service (Cystat) on Tuesday reported that the Industrial Production Index recorded an annual increase of 1.5 per cent in July 2026. The index reached 129.2 units during the month, using 2021 as ...

An EU-backed entrepreneurship scheme in Cyprus is expected to support the creation of around 800 new businesses and more than 1,600 jobs, as the island continues to channel cohesion-policy funding into business ...

Bank of Cyprus (BoC) ranked 19th among the world’s mid-sized banks in Forbes’ first World’s Top Performing Banks ranking, making it the only Cypriot lender to feature on ...

Cyprus is hosting the official launch of MEDCONNECT, a three-year EU-funded project led by the Cyprus Marine and Maritime Institute (CMMI) that will test 15 innovative solutions aimed at restoring marine ...

Greece’s shipping policy has helped prevent additional energy costs from feeding through to the wider economy, Shipping and Island Policy Minister Vassilis Kikilias said in an interview with Real ...

The Cyprus Cement Public Company saw first-half profit rise to €5.4 million, driven largely by a stronger contribution from associate Vassiliko Cement Works, according to the company’s latest financial results. ...

International Chamber of Shipping (ICS) secretary general Thomas Kazakos put freedom of navigation and the need for a predictable global regulatory framework at the centre of talks in Washington last ...

The Cyprus Information Technology Enterprises Association (CITEA) and Invest Cyprus signed a memorandum of understanding (MoU) aimed at strengthening links between international investors and Cypriot technology companies, while expanding cooperation ...

KLM will operate 164 destinations across 64 countries this winter, increasing capacity on a number of European and long-haul routes as it prepares to introduce its first Airbus A350. The winter programme, ...

Petrolina’s first-half net profit more than tripled to €9.94 million in 2026, as the acquisition of eWise Cyprus, formerly ExxonMobil Cyprus, sharply increased revenue and lifted the contribution from associated aviation-fuelling ...

The Cyprus government is preparing further measures to tackle the rising cost of living, while insisting it is already making full use of the options available without putting public finances ...

Cyprus’ petroleum product sales returned to annual decline in August, falling 1.4 per cent to 121,646 tonnes, according to figures released on Monday by the state statistical service (Cystat). The result reversed ...

Freight rates for very large crude carriers (VLCCs) surged by more than 800 per cent over the past year, with the sharp rise now feeding directly into second-hand vessel values, according ...