Cyprus Business News

Krasava chairman sees Cyprus as a base for football and business growth Building a football club from scratch is a long game, but Krasava ENY Ypsonas chairman Yevgeny Savin is ...

Commercial ships have been sunk and sailors killed or left missing as attacks intensify across the Strait of Hormuz and Black Sea, raising concerns for Cyprus’ shipping industry over crew ...

Property transfers in Cyprus reached €3.72 billion in the first nine months of 2026, while deposited sales contracts rose 14 per cent year-on-year to 14,969, according to figures released by the Real Estate Agents ...

Fidelity Investments’ parent company, FMR LLC, has increased its indirect voting rights in Greek toy and retail group Jumbo SA to 5.10 per cent, crossing the 5 per cent threshold following an ...

Demetra Holdings Plc repurchased 1,426 of its own shares at €1.36 per share on October 16, 2026, as part of its ongoing share buyback programme, the company announced on Monday. The transaction was executed ...

The Cyprus Stock Exchange (CSE) will delist 2,000 Series 2 bonds issued by Rehub Plc from Tuesday, October 20, 2026, following their repayment in accordance with the terms of issue. The bonds are listed ...

Eurobank S.A. repurchased 1.95 million of its own shares for €8.65 million over five trading days between October 12 and October 16, the lender announced on Monday. The purchases were made under the ...

Cyprus is expected to increase state revenue by requiring company owners, directors and shareholders who draw dividends alongside low declared salaries to pay social insurance contributions on part of those ...

Cyprus-based shipping executive Capt. Eberhard Koch has called for a rethink of the International Maritime Organisation’s (IMO) proposed Net-Zero Framework, warning that carbon-based charges could place additional financial pressure ...

Cyprus is pursuing fresh shipping business in China after a series of meetings with Japanese shipowners, shipyards and government officials, as Shipping Deputy Minister Marina Hadjimanolis promotes a national ship ...

The Cyprus Consumers Association has accused the authorities of failing to adequately monitor the introduction of zero VAT on five additional categories of essential goods, arguing that the measure has ...

Here are the top business stories in Cyprus from the week starting October 12: The Cyprus economy is forecast to grow next year despite the economic headwinds due to ongoing crises ...

Greek shipowner Giorgos Vardinogiannis, a member of the family whose shipping and energy interests extended into Cyprus and president of Panathinaikos for almost 21 years, died on Friday aged 90. Known as ...

Greek Shipping Minister Vassilis Kikilias called for closer cooperation with Japan on shipping and shipbuilding following talks in Tokyo, as Cyprus Shipping Deputy Minister Marina Hadjimanolis pursues similar efforts to ...

The Cyprus Securities and Exchange Commission (CySEC) has fined Limassol-based Titanedge Securities Ltd €100,000 for breaches involving client information, unauthorised investment advice and inadequate compliance procedures, weeks after the company announced ...

Greek shipowner Giorgos Vardinogiannis, a member of the family whose shipping and energy interests extended into Cyprus and president of Panathinaikos for almost 21 years, died on Friday aged 90. Known as ...

Island Energies, the Limassol-based maritime and energy group formerly known as Island Oil, donated a vehicle to the Cyprus Red Cross – Limassol Branch, supporting a transport programme that has already ...

Cyprus’ expanding betting industry cannot be judged by financial performance alone, Finance Minister Makis Keravnos warned, calling for greater protection of players as gambling activity continues to grow and digital ...

The Cyprus Computer Society (CCS) organised the Robotex Cyprus 2026 awards ceremony this week, hosted by the Bank of Cyprus (BoC), recognising the winners of the ninth Robotex Cyprus Educational and ...

Demetra Holdings held €376.2 million in bank deposits and cash at the end of September 2026, representing 73.26 per cent of its total assets, according to an investment statement released through the Cyprus ...

Cyprus has generated a reported €1.57 billion in concession revenue from Larnaca and Paphos airports and Limassol port over the past two decades, with new figures showing that port receipts continued ...

Cyprus is stepping up efforts to attract Japanese shipping business, with Shipping Deputy Minister Marina Hadjimanolis hosting a reception in Tokyo to promote the Cyprus flag and develop closer ties ...

The Bank of Cyprus (BoC) – the Cyprus Development Bank Group (CDB) agreement has been finalised, banking union Etyk said this week, following negotiations that raised the ceiling for voluntary retirement ...

The International Monetary Fund (IMF) raised its growth forecast for Cyprus to 3.2 per cent in 2027, a revision welcomed on Thursday by Finance Minister Makis Keravnos, who pointed to the economy’...