Cyprus Business News

Hellenic Bank on Thursday reported a profit of €45 million for the first quarter of 2025, with the bank saying that this underscores the strength of its business model. Moreover, the bank ...

The Cyprus Consumers Association has issued a warning about fraudulent investment schemes that promise very high profits in an extremely short period, including claims of significant earnings within a single ...

Cyprus will inaugurate its new business service centre on May 26, a day after the launch of the Brain Gain campaign in London, aimed to attract talented Cypriots back to the ...

Proodos Public Ltd, owner of the Rodon Hotel in Agros, has announced three board appointments and three resignations this week. The company confirmed the appointment of main shareholder and investor ...

The Cyprus Chamber of Commerce and Industry (Keve) has issued an open invitation to all stakeholders to participate in an online focus group discussion centred on the green and sustainable ...

Real estate sales in Cyprus rose by 12 per cent in the first four months of 2025 compared with the same period last year. In addition, figures for the month of April ...

Fintech app Plum, which also has offices in Cyprus, has reported a noticeable shift in the investment behaviour of its Greek users in 2025. According the company, this is the result ...

The Cyprus Economy and Competitiveness Council on Wednesday underscored the urgent need for strict fiscal discipline and targeted strategic investments. It also warned that escalating trade tariffs and geopolitical instability ...

George Pantelides took over as president of the Employers and Industrialists Federation (Oev) on Wednesday, replacing the outgoing Antonis Antoniou, during the organisation’s annual general assembly held in Nicosia. ...

Cyprus recorded an average monthly full-time salary of €2,203, placing it below the EU benchmark of €3,155 but still above the €2,000 mark. The figures, based on 2023 Eurostat data, highlight a sharp divide ...

Greek retail chain Jumbo Group this week reported a significant increase in store sales across Cyprus and Greece for April 2025, continuing the upward trend seen earlier this year. Specifically, sales ...

European financial technology provider payabl. on Wednesday announced a new integration with AI-driven fraud platform Sift. The company, which has a precense in Cyprus, said that the new collaboration will ...

Cyprus is doubling down on its commitment to a greener, more competitive maritime sector, with a renewed push to enhance the Cyprus flag’s standing on the international stage, Shipping ...

The Cyprus Institute of Certified Public Accountants (Selk) has reiterated its stance on the importance of a robust and well-structured tax system that supports sustainable economic growth and secures social ...

The president and CEO of Greece’s Independent Power Transmission Operator (Admie) Manos Manousakis described the recent developments in cross-border energy interconnections as a positive step forward for regional energy ...

Real estate sales in Cyprus rose by 12 per cent in the first four months of 2025 compared with the same period last year. In addition, figures for the month of April ...

Applications are now open for the 2025 the 8th annual ‘Young Entrepreneurship Awards’, organised by Cyprus Chamber of Commerce and Industry (Keve)  announced. The chamber also noted that the event will ...

Credit rating agency Moody’s on Tuesday upgraded the long-term deposit ratings of the Bank of Cyprus to A3 from Baa1, reflecting continued strengthening of the bank’s financial position. ...

Deposit interest rates in Cyprus declined in March 2025 for both households and businesses, reflecting a softening trend in returns on short-term savings, according to the Central Bank of Cyprus (CBC). ...

Leptos Calypso Hotels Public Ltd, a member of the Leptos Group, recorded a significant financial turnaround in 2024. Specifically, the company on Tuesday posted a consolidated net profit of €3.25 million, recovering ...

The number of unemployed persons registered at district labour offices across Cyprus stood at 8,118 at the end of April 2025, according to the latest data released by the Cyprus Statistical Service (...

Cyprus recorded over 1.15 million passengers at its two airports in April 2025, crossing the one million threshold for the first time in a single month, the Transport Ministry said on Tuesday. ...

Credit rating agency Moody’s on Tuesday upgraded the long-term deposit ratings of the Bank of Cyprus to A3 from Baa1, reflecting continued strengthening of the bank’s financial position. ...

The Cyprus Real Estate Agents Registration Council recorded 125 convictions for illegal real estate brokerage in 2024, according to an announcement released on Tuesday. The number of convictions, the council explained, “reinforces ...