Cyprus Business News

Larnaca has begun work on what is expected to become one of Cyprus’ most important cultural landmarks, a €30 million Art and Design Centre set to be completed by 2030. Designed by ...

The Cyprus Real Estate Agents Registration Council on Monday welcomed the court’s decision to convict two Hungarian nationals for their involvement in the illegal promotion and sale of Greek ...

The Central Bank of Cyprus (CBC) and its financial ombudsman service received 154 formal complaints from bank customers in 2024, according to the CBC’s annual report. The majority of these complaints, ...

Cyprus continues to lag behind most EU countries in gender equality, according to findings presented at a recent event co-organised by the Labour Ministry and the Cyprus Institute of Chartered ...

Deputy Shipping Minister Marina Hadjimanolis on Monday travelled to Szczecin, Poland, for a working visit. While there, she will attend the informal council of ministers responsible for shipping, held under ...

The Cyprus Chamber of Commerce & Industry (Keve) on Monday announced that businesses operating in the food sector were the primary focus of this year’s Cyber Security Weekend. The ...

The Bank of Cyprus on Monday posted a profit after tax of €117 million for the first quarter of 2025, marking an increase of 9 per cent compared to the previous quarter. In ...

Here are the top business stories in Cyprus from the week starting May 5: Limassol businesses are still grappling with staffing shortages, rising costs and red tape, according to the latest ...

Dr Mary Lynne Hedley, a trailblazer in biotechnology and scientific entrepreneurship, recently visited Cyprus to inspire the next generation of life science innovators. A Senior Scientific Fellow at the Broad ...

Trading of Hellenic Bank Public Company Ltd shares will be suspended from Thursday, May 15, 2025, following the exercise of a squeeze-out right by Eurobank S.A. The move comes after the ...

Eurobank Holdings on Friday posted total net profits of €314 million for the first quarter of 2025, marking a 9.4 per cent increase compared to the same period in 2024. The bank announced that ...

Trading of Hellenic Bank Public Company Ltd shares will be suspended from Thursday, May 15, 2025, following the exercise of a squeeze-out right by Eurobank S.A. The move comes after the ...

Electric and hybrid cars are making up an increasing share of new vehicle registrations in Cyprus, even as total registrations continue to decline. Between January and April 2025, electric vehicles accounted ...

Cyprus is expecting a record number of arrivals from Romania this year, Deputy Minister of Tourism Kostas Koumis said during a visit to Bucharest. Koumis travelled to the Romanian capital ...

The Cyprus Forum will return to London on May 22, according to an announcement released on Friday. The event will bring together diplomats, academics, journalists and civil society leaders for a ...

Ermes Department Stores Plc has reached an agreement to transfer the operations of its four ERA department stores to Gencom Ltd, a Nicosia-based company, for a nominal sum of €1. The ...

The Bank of Cyprus Holdings Public Limited Company on Friday announced that it purchased a total of 374,923 of its own ordinary shares between May 2 and May 8, 2025. The shares, each with ...

A majority of Cypriots are concerned that artificial intelligence could threaten the cultural sector and the livelihoods of artists, echoing widespread concerns across the EU, according to a new Eurobarometer ...

The Paphos Chamber of Commerce and Industry (Evep) has called for “urgent and coordinated” state support to implement major infrastructure projects and advance the strategic development of the city and ...

The Motor Vehicle Importers and Electric Vehicle Association (Semio) this week issued an urgent appeal to the Transport Ministry, requesting immediate action to resolve the ongoing problems surrounding electric vehicle (...

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 Securities and Exchange Commission (CySEC) this week announced that The Three Tuns Capital RAIF F.C.I.C. PLC, a Registered Alternative Investment Fund (RAIF), is undergoing a ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday approved Eurobank’s request to exercise the squeeze-out right to acquire 100 per cent of Hellenic Bank’s shares. The offer price ...

Inflation in Cyprus rose by just 0.2 per cent in April, according to the latest data from the Cyprus Statistical Service (CyStat), mainly due to falling prices in petroleum products and ...