Cyprus Business News

Figures released by Eurostat on Thursday show that labour market slack in the European Union stood at 11.7 per cent of the extended labour force in 2024. This represents 26.7 million people aged 15 ...

Close cooperation between the government and businesses is essential, said Energy Minister George Papanastasiou at the 63rd general assembly of the Limassol Chamber of Commerce and Industry (Evel). This cooperation, ...

The government’s plan to establish a new framework for jointly owned buildings appears to be facing major obstacles, as the five provincial local government organisations (EOAs) have expressed strong ...

The Cyprus Securities and Exchange Commission (CySEC) this week adopted new joint guidelines, requiring financial entities to estimate the aggregated annual costs and losses caused by major Information and Communications ...

Invest Cyprus has been elected Regional Director of the World Association of Investment Promotion Agencies (WAIPA) for Eastern Europe for the 2025–2027 term. The elections took place in Sharjah, United Arab ...

Cyprus-based ASBISc Enterprises PLC, commonly known as Asbis, this week released its estimated consolidated revenues for September 2025, showing a significant increase in turnover compared to the same period last year. ...

Cyprus’s Consumer Price Index remained negative for the fourth consecutive month in September 2025, according to the latest data from the statistical service and the Consumer Protection Service’s Consumer ...

More than 1,300 urban planning and building permits for residences have been approved within the framework of the fast-track licensing measures introduced this October, according to Interior Minister Constantinos Ioannou. Speaking ...

The Bank of Cyprus (BoC) on Wednesday announced that its 6th BoC Fintech Hackathon, held at the IDEA Innovation Centre from October 10–12, 2025, “concluded with resounding success”. According to the announcement, ...

Twenty municipalities across Cyprus will follow the precedent set in 2025 for their 2026 budgets, sharing a state grant totalling €117 million. According to a report by Philenews, this grant represents a significant ...

A new partnership between services firm Totalserve and crowdfunding platform Crowdbase aims to strengthen Cyprus’ startup ecosystem by combining expert advisory services with innovative funding options. The collaboration was announced ...

Cyprus and Greece successfully concluded their participation at GITEX Global 2025, with the Cyprus Information Technology Enterprises Association (CITEA) leading both national delegations. Held from October 13 to 17 at the Dubai World ...

The Cyprus Stock Exchange (CSE) on Wednesday announced the admission for listing of 25,000 new 13-Week Treasury Bills of the Republic of Cyprus. These newly listed government bills, which represent the 10...

Paphos has been recognised among the world’s leading sustainable destinations after earning a place in the Top 100 Green Destinations Stories 2025, highlighting its success in fostering green and sustainable growth ...

Cyprus ranks among the world’s top island destinations, securing 10th place in a list of the top 20 most popular islands worldwide based on tourist arrivals, according to a report ...

Cyprus-based TheSoul Group this week announced the launch of TheSoul Media, a new standalone division that brings together the company’s owned and operated (O&O) digital media brands ...

Invest Cyprus has been elected Regional Director of the World Association of Investment Promotion Agencies (WAIPA) for Eastern Europe for the 2025–2027 term. The elections took place in Sharjah, United Arab ...

Cyprus’ general government recorded a fiscal surplus of €1.44 billion in 2024, equivalent to 4.1 per cent of GDP, according to audited data verified under the European Commission’s Excessive Deficit Procedure. According ...

The Cyprus Securities and Exchange Commission (CySEC) has concluded a settlement agreement of €10,000 with MD&TR Consulting Ltd over a possible violation of the law regarding the provision of ...

The Human Resource Development Authority of Cyprus (Anad) and the Nicosia Multipurpose Municipal Centre have signed a memorandum of cooperation, the two bodies announced on Tuesday. The partnership, originally formalised ...

With the ongoing cost-of-living crisis placing severe strain on household finances, the need for citizens to possess robust financial knowledge is more critical than ever. According to George Theocharides, chairman ...

Cyprus recorded one of the strongest budget surpluses in the entire European Union in 2024, coming in second only to Denmark and defying the deficit trend seen across the euro area ...

Government debt, measured as a percentage of gross domestic product (GDP), increased across the euro area and the wider European Union (EU) at the end of the second quarter of 2025, ...

The Central Bank of Cyprus (CBC) on Tuesday reported total assets of €30.07 billion as of September 30, 2025, according to its most recent financial statement signed by governor Christodoulos Patsalides. The statement ...