Cyprus Business News

The European Commission’s sweeping proposal to overhaul tobacco and nicotine taxation has triggered strong reactions among EU member states after its presentation at the Economic and Financial Affairs Council (...

The Cyprus Shipping Deputy Ministry (SDM) on Tuesday announced the official launch of the Cyprus Shipping 1-Stop-Shop Portal (CYSh1P), a centralised digital platform designed to streamline and modernise all ...

The average gross monthly earnings of employees in Cyprus rose by 5.1 per cent in 2024, reaching €2,483, according to a report released on Tuesday by the state statistical service (Cystat). The median ...

Consulting and advisory firm PwC Cyprus on Tuesday released a statement recapping its annual meeting, which brough together more than 150 senior executives of the organisation. The event, which took place ...

Energy Minister George Papanastasiou is in Dubai this week, leading the country’s delegation at GITEX Global 2025, one of the world’s largest technology and innovation exhibitions, taking place from ...

The Cyprus Stock Exchange (CSE) on Tuesday announced a series of regulatory actions against several companies listed on its New Market for failing to comply with financial reporting obligations. According ...

Ship management revenues in Cyprus rose to €978 million in the first half of 2025, marking a 6.7 per cent increase compared with the second half of 2024, according to the Central Bank of ...

Cyprus recorded an enterprise birth rate of 9.7 per cent and a death rate of 7.2 per cent in 2023, according to Eurostat data released this week, showing that more companies were created ...

The Cyprus Chamber of Commerce and Industry (Keve) has launched a public tender for the provision of services to assess needs, draft technical specifications, and supervise the implementation of its ...

Cyprus recorded an employment rate of 79.8 per cent in 2024, surpassing the European Union’s 78 per cent target set under the European Pillar of Social Rights Action Plan for 2030. Eurostat reported ...

Allwyn International AG and OPAP S.A. on Monday announced that their boards of directors have approved a merger through an all-share transaction valued at €16 billion, creating the world’s ...

Total government employment in Cyprus reached 52,530 persons in September 2025, showing a marginal decline of 50 employees, or 0.1 per cent, compared with the same month last year, according to the statistical service (...

The European Union has backed calls for a single, international strategy for the decarbonisation of shipping, saying that the adoption of new measures by the International Maritime Organisation (IMO) could ...

The Cyprus Securities and Exchange Commission (CySEC) has released a new educational video on crypto-assets as part of a joint campaign with other European supervisory authorities. The move comes in ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Monday presented a new governance model for the bank to the House finance committee. According to an announcement by the CBC, ...

The Bank of Cyprus Holdings Plc on Monday announced that its board of directors will meet on Tuesday, November 11, 2025, to review the financial results of the Bank of Cyprus Group ...

Fairfax Financial Holdings has signed a term sheet with Eurobank Ergasias Services and Holdings for the sale of its 80 per cent stake in Eurolife FFH’s life insurance operations for €813 ...

The European workplace is set for a major change next summer as new EU rules on pay transparency come into force, requiring companies to reveal salary details in job adverts ...

23-year-old George Chrysostomides, founder of Shrine Solutions Ltd (shrine.io), has announced that he will donate the entire €100,000 awarded to him by Sir Stelios Haji-Ioannou to support young entrepreneurs and ...

Cypriot telecoms provider Cyta retained its lead in the mobile telephony market during the first half of 2025, according to figures from the Office of the Commissioner for Electronic Communications and ...

Low-cost carrier Wizz Air on Monday announced that it has partnered with Telethon Cyprus as the official airline for the charity trip “On the Wings of Hope”, which will take ...

Cyprus’ property market is calmer this year, with foreign demand still providing momentum even as higher borrowing costs, rising construction prices and new environmental realities begin to reshape investment decisions.  ...

Allwyn International AG and OPAP S.A. on Monday announced that their boards of directors have approved a merger through an all-share transaction valued at €16 billion, creating the world’s ...

The Bank of Cyprus on Monday announced the launch of the IBU India Hub, a new strategic initiative designed to enhance its service offering and specialisation for businesses and individuals ...