Cyprus Business News

Cyprus-based GlobalWealth Group PLC has approved and signed an investment agreement to acquire interests in a €2.5 million hotel development in Barbati, Corfu, as part of its strategy to expand its ...

The Cyprus Composite Leading Economic Index (CCLEI) recorded a 0.43 per cent year-on-year decline in July 2026, according to the latest revised data from the Economics Research Centre of the University of ...

Eurobank announced on Monday that it repurchased a total of 1,099,627 own shares on Euronext Athens between August 3, 2026, and August 7, 2026. The lender executed the share buyback transactions at an average purchase ...

Demetra Holdings Plc announced on Monday that it repurchased a total of 3,559 own shares for €5,196.14 on the Cyprus Stock Exchange (CSE) on August 7, 2026. The investment company executed the transaction through ...

Cyprus’ trade deficit widened sharply during the first half of 2026, reaching €4.68 billion, as imports continued to grow while exports moved in the opposite direction, according to figures released on Monday ...

Euroxx Research has raised its earnings forecasts for the Bank of Cyprus for 2026-2028 and increased its target price for the lender’s shares to €13 from €11.50, following stronger-than-expected first-half results. ...

Cyprus-based biotechnology company iDNA Genomics Public Ltd on Monday announced that it approved its audited consolidated financial statements for 2025, reporting a wider loss and a sharp deterioration in its balance ...

Cyprus recorded a further increase in building activity in April 2026, with the state statistical service (Cystat) reporting that 639 building permits were authorised, up 10.7 per cent compared with the same month ...

Greek retail group Jumbo recorded one of its strongest performances in Cyprus in July, with sales rising by approximately 14 per cent year-on-year, helping return the retailer’s overall results to ...

Cyprus is preparing to overhaul the rules governing forced property sales, moving valuations into private hands, introducing a fixed 15 per cent reduction after an unsuccessful auction and drawing a line ...

Eurobank announced on Monday that it repurchased a total of 1,099,627 own shares on Euronext Athens between August 3, 2026, and August 7, 2026. The lender executed the share buyback transactions at an average purchase ...

Shipping companies in Cyprus and Greece could face a radically different carbon bill depending on which of four rival proposals prevails at the International Maritime Organisation (IMO), with the options ...

Tourism minister shifts focus to sustainable destinations Cyprus’ airports are handling around 50,000 passengers and 325 flights every day at the height of the summer season, as authorities reopen road access to ...

Here are the top business stories in Cyprus from the week starting August 3: Organising a holiday is one of the few ways I can turn five days of rest into ...

Cyprus must adopt a balanced and long-term energy strategy combining conventional power generation, renewable energy, storage, electricity interconnection and demand management, energy systems expert and former Cyprus Energy Regulatory Authority (...

The Cyprus Securities and Exchange Commission (CySEC) has announced that it will take part in a European-wide supervisory exercise examining the digital resilience of crypto asset service providers that offer ...

The Cyprus Securities and Exchange Commission (CySEC) announced on Friday that it has imposed administrative fines on 12 listed companies for breaching transparency rules relating to the publication of their annual ...

Used vehicles drove a strong increase in Cyprus’ motor market during the first seven months of 2026, while registrations of new vehicles continued to decline, according to figures released by the ...

Cyprus allocated approximately €112 million to research and development (R&D) in 2025, almost doubling government funding over the past decade despite a decline from the previous year, according to figures ...

European Union exports of alcoholic beer to non-EU countries fell by 11 per cent in 2025, according to a report released by Eurostat on Friday. The release of the statistical figures coincided ...

The Cyprus Chamber of Commerce and Industry (Keve) will host a business forum and business-to-business meetings with a Palestinian business delegation in Nicosia on September 10, 2026, aiming to strengthen commercial ties ...

The Central Bank of Cyprus (CBC) announced on Friday that it is accepting applications to fill two senior vacant positions within its workforce. Specifically, the financial institution is seeking qualified ...

Beverage company Keo plc on Friday announced that technical issues with its dividend calculation software may cause a delay in distributing its approved dividend to shareholders. The announcement follows the ...

Demetra Holdings Plc repurchased 3,340 of its own shares at a price of €1.465 per share on August 6, 2026, according to an official announcement released by the company on Friday. The transaction was ...