Cyprus Business News

Cyprus recorded the lowest rate of housing overcrowding in the European Union during 2024, according to Eurostat, highlighting the country’s comparatively favourable living conditions within the bloc. The figures showed ...

Wizz Air this week outlined its winter season route options from Larnaca, detailing destinations that provide access to ski resorts across Europe and neighbouring regions as the airline continues its ...

Technology, tourism and services to underpin Cyprus GDP growth The Central Bank of Cyprus (CBC) on Monday published its December 2025 macroeconomic forecasts, outlining expected growth, inflation and labour market trends ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday welcomed parliament’s approval of Cyprus’ long-awaited tax reform. The chamber said the overhaul “marks a historic step” in modernising ...

The Cyprus Chamber of Commerce and Industry (Keve) expressed strong support for the priorities outlined by president Nikos Christodoulides for the upcoming Cyprus Presidency of the Council of the European ...

New bill to modernise Central Bank of Cyprus’ governance moves forward Finance Minister Makis Keravnos and Central Bank of Cyprus (CBC) governor Christodoulos Patsalides met on Mondayto discuss a draft ...

Cyprus should actively encourage mergers and acquisitions to help overcome the structural weakness of its business landscape and lift the country’s competitiveness, the Cyprus Economy and Competitiveness Council said ...

Upper-middle class see strongest income growth in Cyprus Cyprus’ middle income class continued to dominate the income distribution in 2024, accounting for almost two-thirds of the population, according to figures published ...

The Cyprus Union of Bank Employees (Etyk) on Monday announced that it has reached an agreement in principle with the Cyprus Bankers Employers Association (Kest) to renew their collective agreement ...

The cost of the Christmas meal in Nicosia remained unchanged in 2025, while the cost of a reduced grocery basket for lower-income households rose by 9 per cent compared with last year, ...

Cyprus has formally set out the political and institutional framework of its upcoming Presidency of the Council of the European Union, using a presentation in Lefkara to outline priorities that ...

Agricultural prices across the European Union rose again in 2025 after a brief dip, according to Eurostat, with Cyprus standing out for recording one of the slowest increases in milk prices, ...

The Cyprus Statistical Service (Cystat) has announced the launch of a new Dashboard for Short-Term Economic Indicators, aiming to give the public a clearer and more accessible overview of recent ...

Cyprus continued to increase its share of renewable energy in gross final energy consumption, according to Eurostat, highlighting steady progress on the island’s energy transition as the European Union ...

Cyprus recorded levels of actual individual consumption close to the EU average during 2024, according to Eurostat, reflecting relatively strong household material welfare compared with several other member states. Across the ...

The Cyprus Statistical Service (Cystat) has that it will introduce significant changes to the Consumer Price Index from January 2026 onwards, aiming to better reflect current consumption patterns and improve the ...

Here are the top business stories in Cyprus from the week starting December 15: Eurogate Limassol is preparing to expand storage capacity at its Container Terminal by demolishing one of two ...

By Ioannis Tirkides The Cypriot tax system, which was designed almost a quarter of a century ago, in 2002, is facing problems of ageing. Although it was originally designed to be ...

Alpha Bank S.A. announced on Friday that it has agreed key commercial and legal terms for a strategic combination of insurance activities in Cyprus, aiming to create one of ...

S&P Global Ratings on Thursday revised the outlook of the Bank of Cyprus to positive from stable in Cyprus, citing lower economic risk for banks operating in the ...

The Central Bank of Cyprus (CBC) has announced that all banks across the country will close on specific public holidays to mark the Christmas and New Year period. The announcement ...

Cyprus passport shines for mobility, tax and personal freedoms, outperforming the UK and US The Cyprus passport has been ranked fifth worldwide in the Nomad Passport Index 2026, highlighting the island’...

The Cyprus Securities and Exchange Commission (CySEC) on Friday launched a public consultation on a new directive setting out how crypto-asset service providers must submit prudential supervisory information. The aim ...

EU imports of petroleum oils fell sharply in the first nine months of 2025, while purchases of liquefied natural gas surged, reflecting a continued shift in the bloc’s energy mix, ...