Cyprus Business News

The tax-to-GDP ratio in Cyprus saw a slight increase in 2024, rising to 37.6 per cent from 37.5 per cent in 2023, according to data on taxation published by Eurostat. The overall tax-to-GDP ratio, ...

New loan volumes recorded a sharp increase in September 2025, according to statistics on interest rates applied by monetary financial institutions (MFIs) in Cyprus released by the Central Bank of Cyprus (...

Euro area annual inflation is expected to have reached 2.1 per cent in October 2025, a slight decrease from the 2.2 per cent recorded in September, according to a flash estimate from Eurostat. ...

Alpha Bank on Monday announced that it has completed the acquisition of substantially all assets and liabilities of AstroBank Public Company Ltd. This has resulted in the creation of Cyprus’ ...

The Central Bank of Cyprus (CBC) has announced that the reference interest rate used to define the criminal offence of usury has been set at 11.84 per cent. The determination of ...

The UK High Commission, in collaboration with the Deputy Ministry of Tourism, is organising a high-level conference entitled “Safeguarding Cyprus’s Tourism Industry”, which will take place on Wednesday, November 26, 2025, ...

The risk of poverty among people who are employed remains a persistent issue across the European Union, with new Eurostat figures showing that 8.2 per cent of workers aged 18 or over ...

Cyprus retail trade rose sharply in September 2025, lifted by higher consumer spending across most categories, according to figures released on Monday by the Statistical Service (Cystat). The Turnover Value Index ...

Cypriot beverage maker KEO plc‘s board of directors has decided to pay an interim dividend to its shareholders. According to an announcement following a board meeting, the total amount ...

Wellington Management Group LLP has reduced its voting rights in the Bank of Cyprus Holdings Public Limited Company to below the 5 per cent disclosure threshold, according to a regulatory filing. ...

Alpha Bank on Monday announced that it has completed the acquisition of substantially all assets and liabilities of AstroBank Public Company Ltd. This has resulted in the creation of Cyprus’ ...

The Cyprus Chamber of Commerce and Industry (Keve) released a statement Monday recapping the 5th Red Diamond International Business Women Awards. In its announcement, the chamber said the event, which ...

Cyprus’ Deputy Ministry of Shipping presented a slightly surplus budget for 2026, with expenditures set at €18.7 million and projected revenues of €20.3 million, during a session of the Parliamentary Finance Committee at ...

Cyprus’ shipping industry remains firmly committed to the green transition, even after the International Maritime Organisation (IMO) decided to postpone by one year discussions on the Net Zero Framework (NZF), ...

Here are the top business stories in Cyprus from the week starting October 27: The economic history of Cyprus is a tale of resilience, often defined by its agile recovery from ...

The gross disposable income for Cypriot households, as well as that of non-profit institutions serving households, saw an annual increase of 8.4 per cent in 2024, according to figures released on Friday ...

The Cyprus Real Estate Development Association welcomed the unanimous approval by the House of Representatives of the new law establishing a framework for the control of foreign direct investments (FDI), ...

The Central Bank of Cyprus (CBC) announced on Friday that Cyprus’ household and corporate debt levels continued to decline in the second quarter of 2025, as both sectors benefited from higher ...

Cyprus recorded a negative annual financial position of -€29.27 billion in 2024, according to the Cyprus Statistical Service (Cystat). As of December 31, 2024, total assets in financial instruments across the economy amounted ...

The Index of Industrial Output Prices in Cyprus for September 2025 reached 122.3 units, using 2021 as the base year with 100 units, according to the Statistical Service (Cystat). The index recorded a decrease ...

House energy committee chairman Kyriacos Hadjiyiannis will represent Cyprus at the Interparliamentary Conference on “Towards a Safer and More Innovative Digital Europe: Delivering on the DSA’s Promises for Citizens ...

Cyprus recorded a budget surplus of €1.17 billion, equal to 3.2 per cent of GDP, in the first nine months of 2025, according to preliminary figures released on Friday by the Cyprus Statistical ...

The gross disposable income for Cypriot households, as well as that of non-profit institutions serving households, saw an annual increase of 8.4 per cent in 2024, according to figures released on Friday ...

The European Central Bank (ECB) decided to keep its deposit rate unchanged at 2 per cent for the third consecutive meeting, a move that many economists see as confirmation of a ...