Cyprus Business News

The Cyprus Trading Corporation (CTC) has increased its direct holding in Ermes Department Stores Plc to 86.275 per cent, following the completion of its mandatory takeover bid for the retailer’s ...

A fresh Russian drone attack on two commercial ships off Odesa has again exposed the human cost of navigating through conflict zones, while emphasising how security threats are steadily redrawing ...

The Great Sea Interconnector (GSI) will not automatically translate into higher electricity bills because its costs are recovered through a detailed European Union regulatory framework rather than being passed directly ...

Major technology conferences, international business events and the growing presence of foreign companies in Limassol have become a vital buffer against a sharp decline in tourism this year, according to ...

The Cyprus Chamber of Commerce and Industry (Keve), serving as the coordinator for Enterprise Europe Network Cyprus, has launched a public consultation to investigate the excessive gold-plating of European Union ...

Cyprus’ Presidency of the Council of the European Union made a significant contribution to advancing major legislative files in the fields of the economy and public finances, Finance Minister Makis ...

Deputy Minister of Shipping Marina Hadjimanolis on Tuesday held a formal meeting with the new Communications Commissioner Marios Pieri, as well as the new Assistant Communications Commissioner Georgios Georgiou. This ...

The Cyprus Employers and Industrialists Federation (Oev) is set to host a high-level workshop tomorrow, July 15, 2026, at 14:00 at its headquarters in Nicosia to address the urgent need for reducing the ...

The Central Bank of Cyprus (CBC) on Tuesday welcomed the selection of the Bank of Cyprus and JCC Payment Systems to participate in the European Central Bank’s (ECB) pilot ...

CySEC strengthens whistleblower reporting framework The Cyprus Securities and Exchange Commission (CySEC) on Tuesday announced the publication of a new practical guide for whistleblowers, aimed at improving the reporting of ...

Cypriot shipping executive Thomas Kazakos, Secretary General of the International Chamber of Shipping (ICS), has called for an immediate end to attacks on commercial vessels in the Strait of Hormuz, ...

The planned re-establishment of the cooperative bank could strengthen competition in Cyprus’ financial sector and benefit both consumers and the wider economy, according to the president of the Cyprus association ...

Kyndryl has introduced a new artificial intelligence (AI) orchestration capability designed to help companies move beyond experimentation and siloed workflows and begin deploying AI agents across critical business operations at ...

Cyprus recorded one of the European Union’s widest gaps in home energy efficiency improvements between vulnerable and better-off households in 2025, according to new data released by Eurostat. The latest ...

SSH Solar Finance PLC announced on Tuesday that it will proceed with the payment of interest for its green bonds for the period covering January 31, 2026, to July 31, 2026. The company, which ...

Demetra Holdings Plc announced on Tuesday that it completed a buyback of its own shares during the previous day. Specifically, the company executed the purchase of 5,600 shares at a price ...

Construction employers’ association Oseok has condemned illegal practices by any contractor or business operating in Cyprus’ construction sector, while warning that the industry continues to face a severe shortage of ...

Planning and permitting delays can add around €60,000 to the average price of a new apartment in Cyprus, without increasing a developer’s profit by a single euro.  According to Yiannis ...

Cruise technology provider cruisePAL, which operates an office in Limassol as part of its international network, has restructured its senior leadership team as the company seeks to separate long-term strategic ...

DP World, the global ports operator with a direct presence at Limassol port, is planning a new UAE east coast gateway that would allow cargo to bypass the Strait of ...

Major technology conferences, international business events and the growing presence of foreign companies in Limassol have become a vital buffer against a sharp decline in tourism this year, according to ...

A Cyprus-flagged container ship remained disabled off Oman, with one Indian seafarer still missing, after an Iranian strike sparked an engine-room fire, forced the crew to abandon the vessel and ...

The Human Resource Development Authority of Cyprus (Anad) paid out €11.7 million to businesses in Limassol between the start of 2025 and the end of the first half of 2026, reflecting the district’...

The Limassol Chamber of Commerce and Industry (Evel) has said the wastewater disruption that recently triggered an indefinite strike by tanker operators could have been avoided, arguing that it had ...