Cyprus Business News

Hadjimanolis lines up India shipping mission Cyprus and India are seeking to turn their expanding political ties into concrete maritime partnerships, with Shipping Deputy Minister Marina Hadjimanolis preparing an official ...

The Pancyprian Cooperative Society for Participation and Promotion of Cooperativism has announced the launch of an online platform allowing the public to purchase shares in the proposed Pancyprian Cooperative Bank ...

Cyprus recorded a general government surplus of €567.10 million in the first quarter of 2026, as public revenue continued to rise despite a faster increase in government expenditure, according to preliminary figures ...

Cyprus’ outstanding tax debt rose to €4.64 billion by the end of 2025, with immediately collectable arrears reaching €3.32 billion, according to data from the Tax Department. The figures were reported by Philenews, ...

Mitsides Public Company Limited confirmed on Tuesday that shareholders approved a final dividend of €0.05 per share during its annual general meeting held on July 17, 2026, alongside a series of governance decisions. “...

Demetra Holdings Plc announced this week that board member Mark Klerides had stepped down from the board of directors and the boards of its subsidiaries, marking a leadership change alongside ...

The Financial Wellbeing Institute (FWI) has been selected as one of the ten founding organisations of FIN.e, a new European alliance designed to strengthen financial literacy and financial wellbeing ...

Petrolina launches five companies for Land of Tomorrow project Petrolina (Holdings) Public Limited announced on Tuesday that it has decided to commence operations for five separate special purpose companies established ...

JCC loses final appeal over government payments contract Cyprus has concluded a four-year tender process for the management of government electronic payment services, awarding the contract to VivaBank after a ...

Cyprus Airways and Air France have launched a new codeshare agreement covering flights between Larnaca Airport and Paris Charles de Gaulle Airport, strengthening connectivity between Cyprus and one of Europe’...

The Cyprus Union of Shipowners (CUS) has praised Cyprus for strengthening the country’s maritime influence during its six-month presidency of the Council of the European Union, which ended on ...

The Cyprus Borrowers Protection Association (Syprodat) has welcomed the launch of the public share offering for the proposed Pancyprian Cooperative Bank, while stressing that the project’s success will ultimately ...

Global shipping remains in “crisis mode” as fighting between the US and Iran disrupts the Strait of Hormuz, forcing companies to reconsider routes, absorb rising costs and protect crews operating ...

Construction of a new access point for Limassol’s Agios Athanasios industrial area began last month as authorities move ahead with infrastructure upgrades aimed at improving safety and traffic flow ...

The Cyprus Securities and Exchange Commission (CySEC) has welcomed a follow-up review by the European Securities and Markets Authority (ESMA) that recognised significant improvements in the supervision of cross-border activities ...

The board of directors of Petrolina (Holdings) Public Ltd met on Monday at the company offices in Larnaca to decide on the distribution of an interim dividend for the current ...

Cyprus’ construction material prices rose further in June, driven by sharp increases in aluminium, plastics and electrical fixtures, according to figures released by the Statistical Service (Cystat) on Monday. The ...

Cyprus-based fintech and iGaming companies expanding abroad are underestimating cyber risks, according to Andrey Leskin, CTO at Qrator Labs, who warned that firms entering high-growth regions may face targeted digital ...

Cyprus’ pledge to deliver 10,000 new homes marks an important step towards tackling the country’s housing challenges, but meaningful progress will ultimately depend on whether the country can create the ...

Mitsides Public Company Limited has approved a final dividend of €0.05 per share, totalling €410,000 from the profits of the 2023 financial year, during the eighteenth annual general meeting held on July 17, 2026. According ...

Demetra Holdings announced on Monday that it repurchased 4,960 of its own shares following a board session held on July 17, 2026. The company executed this buyback at a price of €1.53 per share. ...

Eurobank announced on Monday that it has repurchased a total of 2,907,000 shares between July 13, 2026, and July 17, 2026, as part of its ongoing share buyback programme. The bank carried out these transactions ...

The Housing Finance Corporation (HFC) has launched a tender for external advisory services to support the sale of a non-performing loan (NPL) portfolio estimated at around €135 million, a move its ...

Cyprus tax inspectors are carrying out checks around the clock, targeting businesses in coastal areas where the summer season has brought a sharp rise in economic activity. The nationwide campaign ...