Cyprus Business News

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 ...

Constantinou Bros Hotels Public Company Ltd has issued an interim profits forewarning for the first half of 2026, indicating that financial performance is expected to weaken compared with 2025. Specifically, the board ...

Cyprus-based IT distributor Asbis has confirmed that its subsidiary Asbis Middle East FZE has brought into force a new agreement with Apple Distribution International Ltd, expanding its role as an ...

George Theocharides, Chairman of the Cyprus Securities and Exchange Commission (CySEC) opened iFX EXPO International 2026 in Limassol on Wednesday with a regulatory message aimed at an industry facing sharper scrutiny, ...

Cyprus’ economy continued to display a mixed but generally resilient performance in the opening months of 2026, with strong growth in construction activity and vehicle registrations offset by weaker exports and ...

Cyprus transport minister Alexis Vafeades said on Wednesday that a long-awaited European agreement on air passenger rights is expected to come into force in early July 2027, following approval by the ...

Cyprus’ Harmonised Index of Consumer Prices recorded a notable rise of 3.5 per cent year-on-year in May 2026, according to the latest figures released by the Cyprus Statistical Service (Cystat). This economic ...

Cyprus’ tourism sector is returning to a more stable path after a difficult spring, Deputy Tourism Minister Kostas Koumis said on Wednesday, as May arrivals showed signs of recovery despite ...

Cyprus recorded a decline in tourist arrivals during May 2026, with visitor numbers falling by 4.9 per cent compared with the same month last year, according to figures released by the statistical ...