Cyprus Business News

Here are the top business stories in Cyprus from the week starting June 9: The Cypriot banking sector has undergone an impressive transformation since the 2013 financial crisis and has emerged stronger, ...

Taxation is perhaps the ultimate political act in a democratic society. It’s not just about raising revenue and spending it; it’s also about the kind of society we ...

The Finance Ministry on Friday published its strategic fiscal policy framework for the period 2026 to 2028, forecasting stable economic growth and a steady decline in public debt over the next four ...

Limassol-based gaming company Nice Plans Studio announced this week that it raised $3 million in a new funding round to support the development and scaling of its upcoming mobile shooter, Ricochet ...

Officials from the Central Bank of Cyprus (CBC) met with counterparts from the central banks of Lithuania and the Netherlands on Thursday and Friday. The meeting allowed for the exchange ...

Over 350 senior delegates from more than 30 countries gathered in Athens this week for the high-level ‘Shaping the Future of Shipping Summit’. The event was jointly hosted by the Ministry of ...

The Finance Ministry on Friday published its strategic fiscal policy framework for the period 2026 to 2028, forecasting stable economic growth and a steady decline in public debt over the next four ...

Tourism revenue in Cyprus reached €129.4 million in March 2025, marking a 14.5 per cent increase compared with the same month last year (€113.0 million), according to a report released by the statistical service ...

AstroBank on Friday announced that it will pay interest and proceed with the early redemption of two of its senior preferred bonds on June 30, 2025. The bonds in question include one ...

The value of wholesale trade and motor vehicle-related activities in Cyprus continued to rise in the first quarter of 2025, according to data released on Friday by the state statistical service. ...

The Cyprus Stock Exchange (CSE) on Friday announced updates regarding the trading status of several listed issuers on its regulated market. The announcement followed a review of the independent auditors’ ...

The Bank of Cyprus on Friday announced the repurchase of 182,149 of its ordinary shares between June 6 and June 12, 2025. According to the announcement, the shares, each with a nominal value of €0.10, ...

The Cyprus Chamber of Commerce & Industry (Keve) on Friday announced that the EU-Japan Centre for Industrial Cooperation has launched the first session of its 2025 training programme on Japanese business ...

Cyprus needs a fresh economic model to address today’s challenges and improve social well-being, according to a new policy paper by Andreas Theophanous and Mary Vardas. The paper, published ...

Thomas Kazakos has officially taken over as secretary general of the International Chamber of Shipping (ICS), following a handover ceremony during the organisation’s general assembly in Athens, marking the ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday urged Cypriot banks to remain “vigilant and adaptive” in the face of mounting global uncertainty, stressing their role as “pillars ...

President Nikos Christodoulides on Thursday praised Cyprus’ maritime sector during his address at the general assembly of the International Chamber of Shipping, which took place in Athens. “We are proud ...

President of the Paphos hotel association (Pasyxe) Evripides Loizides on Thursday expressed satisfaction with hotel occupancy rates in Paphos during the long weekend of Kataklysmos, saying that they exceeded 90 per ...

Passenger traffic at the airports of Larnaca and Paphos exceeded 4 million for the first time in history during the period from January to May 2025. According to an announcement by the ...

European Banking Federation (EBF) director general Wim Mijs on Thursday sounded the alarm on the consequences of fragmented regulation in the European Union. Mijs stated that over €1 trillion in inactive ...

Copper Island, the international film company with roots in the US, UK, Europe and Australia, has officially launched its new post-production facility in Limassol’s old town, marking a strategic ...

DP World Limassol on Thursday released a statement highlighting the expected arrival of around 140 cruise ships in 2025, underscoring the island’s resurgence as a major Eastern Mediterranean cruise destination. “The ...

Merger initiatives have accelerated in Cyprus, according to Aristidis Vourakis, president of the Association of Cyprus Banks and CEO of AstroBank, who also revealed that Deutsche Bank is considering a ...

Finance Minister Makis Keravnos on Thursday called on the Cypriot banking sector to step up lending, support innovation and startups, and embrace cultural change through digital transformation. “The challenges facing ...