Cyprus Business News

Demetra Holdings shareholders have approved a resolution to sell the company’s shares in Hellenic Bank to Eurobank, according to an official statement released on Friday. The statement, which was ...

Alexandros Iosifidis, a seasoned engineer with 30 years at the Cyprus Shipping Chamber (CSC), has been appointed its new director general, effective from April 1, 2025. He succeeds Thomas Kazakos, who is slated ...

Cyprus’ two international airports experienced record-breaking passenger traffic in 2024, according to the Transport Ministry. The Larnaca and Paphos airports combined saw a 5.6 per cent increase in traffice when compared to 2023, ...

Cyprus recorded the highest monthly increase in retail turnover among EU member states in November 2024, according to preliminary data released on Thursday by Eurostat. Retail turnover in Cyprus grew by 2.3 ...

Cyprus’s trade deficit fell by €769 million in the first 11 months of 2024, reaching €7.14 billion compared to €7.91 billion in the same period of 2023, according to preliminary data from the statistical service. ...

The Central Bank of Cyprus (CBC) announced this week that it has started to accept instant payments on behalf of itself and its clients, including certain government departments and state ...

Limassol’s mayors and business leaders convened this week to discuss their demands for increased state funding and a “sharper strategic focus” from the government. They argued that Limassol, a ...

Beer deliveries in Cyprus grew by 1.8 per cent in 2024, reaching a total of 42.9 million litres, according to figures released on Thursday by the Cyprus Statistical Service (Cystat). Domestic beer deliveries ...

Cyprus surpassed other European countries like Croatia, Bulgaria, and Slovenia in short-term rental growth during 2024, according to Eurostat. The EU’s statistical office reported this week that short-term bookings in ...

The Cyprus Securities and Exchange Commission (CySEC) this week issued a warning to investors regarding ten websites that are not authorised to provide investment services or perform investment activities. The ...

Cyprus’ shopping malls reported record-breaking performance in 2024, with December emerging as a standout month for both footfall and sales. George Georgiou, general manager of Nicosia Mall, told local outlet Stockwatch ...

Hellenic Bank on Thursday announced that its annual HB EmPOWERment Talks initiative successfully concluded for the second consecutive year. The bank explained that this series of talks aims to support ...

Cyprus is set to intensify its appeal to Chinese tourists, aiming to secure a greater share of one of the world’s largest outbound travel markets, Deputy Minister of Tourism ...

Limassol’s mayors and business leaders convened this week to discuss their demands for increased state funding and a “sharper strategic focus” from the government. They argued that Limassol, a ...

Cyprus posted a historically high surplus of €1.42 billion between January and November 2024, equivalent to 4.2 per cent of GDP, according to preliminary data from the Cyprus Statistical Service (Cystat). This marks ...

Cyprus posted a historically high surplus of €1.42 billion between January and November 2024, equivalent to 4.2 per cent of GDP, according to preliminary data from the Cyprus Statistical Service (Cystat). This marks ...

The Cyprus Investment Funds Association (CIFA) on Wednesday released a statement saying that it views 2025 “as a year of strategic growth and opportunity in the investment funds sector”. “Cyprus’ investment ...

Hong Kong investor Balram Chainrai has increased his stake in Agros Development Company ‘Proodos’ Public Ltd, the owner of the Rodon hotel in Agros. On January 7, Chainrai purchased an additional 319 ...

Nicosia and Larnaca led the way in Cyprus’ property market in 2024, driving a 1.5 per cent overall increase in sales documents compared to the previous year, according to data from the ...

The Cyprus Chamber of Commerce and Industry (Keve) this week released a statement praising the country’s labour market performance in 2024. The chamber highlighted the significant uptick in employment rates ...

The Central Bank of Cyprus (CBC) reported on Tuesday a decline in most deposit and lending rates in November, except for loans to non-financial corporations exceeding €1 million, which recorded an ...

The Economic Sentiment Index (ESI) in Cyprus recorded a modest improvement in December 2024, rising by one point compared to November, according to the Economics Research Centre of the University of ...

The Economic Sentiment Index (ESI) in Cyprus recorded a modest improvement in December 2024, rising by one point compared to November, according to the Economics Research Centre of the University of ...

Cyprus’ international investment position (IIP) showed slight improvement during the third quarter of 2024, according to a report released this week by the Central Bank of Cyprus (CBC). The IIP recorded ...