Cyprus Business News

Safe Bulkers reported a sharp rise in first-quarter profit, supported by stronger dry bulk market conditions, higher charter revenues and lower vessel operating costs, while the company also raised its ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has called for the introduction of a standalone and compulsory financial literacy course in schools, arguing that stronger financial education is essential ...

The Cyprus Securities and Exchange Commission (CySEC) has announced that, as of December 31, 2025, Epamina Corporate Ltd voluntarily waived its authorisation to provide administrative services, resulting in the lapse of its ...

Cyprus strengthens ties with Digital Cooperation Organisation Digital Cooperation Organisation (DCO) Secretary-General Deemah AlYahya used her visit to Cyprus to strengthen a series of international and local partnerships, underlining the ...

Cyprus maintained a steady economic profile between 2024 and 2025, with figures from Eurostat confirming that the island remains close to the European Union average for living standards. The island recorded an ...

Poor transport links and difficult access to Troodos are the biggest barriers to the region’s further tourism development, according to Troodos regional tourism board (Etap Troodos) president Nikos Matthaiou. ...

Europe’s regional air connectivity remains under pressure and island states such as Cyprus risk being disproportionately affected by rising costs and rigid regulations, according to the European Regions Airline ...

Consumer prices rise across the euro area The euro area annual inflation rate climbed to 3.2 per cent in May 2026, marking a rise from the 3.0 per cent recorded in April, according ...

Cyprus has emerged as a leader in protecting young people from severe material and social deprivation, according to newly released figures from Eurostat for 2025. The island recorded a rate of ...

Cyprus improved its standing in the IMD World Competitiveness Yearbook 2026, climbing to 42nd place among 70 economies, up from 44th place in 2025. The country’s rise was primarily driven by stronger ...

Finance Minister Makis Keravnos has held talks with Ontario Minister of Economic Development Victor Anthony Fedeli on strengthening economic cooperation between Cyprus and Canada, with discussions focusing on bilateral relations, ...

The race to shape the next phase of financial markets came into focus on the closing day in Limassol, as industry executives turned their attention to tokenised assets, crypto platforms, ...

Alpha Bank Cyprus has announced that it hosted a special event in Nicosia on Tuesday where it unveiled a new specialised unit aimed at strengthening its services for institutional clients ...

Cyprus residents experienced household costs that were lower than the European Union average in 2025, as a wide divide in consumer prices across the continent, according to Eurostat. Specifically, Cyprus recorded ...

Prices for several basic consumer goods continued to rise in May, according to the consumer protection service, as inflationary pressures remained visible across household staples ranging from cold cuts and ...

Macroeconomic stability is real, but it is not enough. The challenge of the next decade is to move from an economy that attracts wealth to an economy that produces knowledge, ...

Regulation must keep pace with fast-moving startups, says Kruczkowska Europe’s innovation ecosystem must address persistent fragmentation and strengthen cross-border coordination if startups are to grow into global scale-ups, according ...

Outgoing Fiscal Council president Michalis Persianis joined Darius Anucauskas, Chief Market Analyst at Markets.com, on Thursday for a timely discussion on the forces shaping the global economy, as the ...

Cyprus’ construction material prices climbed further in May, according to the state statistical service (Cystat), with higher costs for metals, wood and electromechanical products continuing to shape the outlook for ...

Cyprus hotels saw an improvement in June compared with the difficult months that preceded it, although the market remains below the levels normally expected for the season, according to chairman ...

International shipping continues to operate under heightened risk across some of the world’s most important sea lanes, as renewed Houthi threats in the Red Sea, continued uncertainty in the ...

ERA warns Europe’s regional air links remain fragile Europe’s regional air connectivity remains under pressure and island states such as Cyprus risk being disproportionately affected by rising costs ...

The Cyprus Securities and Exchange Commission (CySEC) has warned regulated financial entities about the growing cybersecurity threats posed by advanced artificial intelligence models and called on firms to strengthen their ...

Europe must move beyond regulation and become a builder, deployer and scaler of critical technologies, according to Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou. Speaking at the ...