Cyprus Business News

Cyprus’ Ministry of Finance has set out its strategic objectives, challenges and planned interventions for the coming year in its 2026 budget while also reviewing actions implemented in 2025. The document groups ...

Promed Bioscience, a biotech company specializing in advanced collagen-based biomaterials for regenerative medicine, has successfully closed a €1.25 million growth financing round led by KV Fund II. Overall, the investment emphasises ...

GDEV Inc., an international gaming and entertainment company headquartered in Limassol, published its unaudited financial and operational results for the third quarter this week, reporting lower revenue but stronger profitability ...

IDEA Innovation Centre of Bank of Cyprus (BoC) has opened applications for its 11th Startup Programme, inviting entrepreneurs who want to turn an innovative concept into a functioning business. Applications ...

The Emirates Shipping Association brought the UAE’s maritime community together on Thursday evening for Latitude 25° at the Jumeirah Emirates Towers Terrace, an event aimed at reflecting on a busy ...

Stable restraint in consumer prices continued in October, according to the monthly price observatory published by the Consumer Protection Service, with annual inflation remaining negative for a sixth consecutive month. ...

The Bank of Cyprus (BoC) has been named ‘Best Private Bank in Cyprus 2026’ by Global Finance outlet, a move that further consolidates its lead in the local private banking market. ...

Cypriots remain determined to squeeze in at least one more meaningful experience before the year ends, according to a new Mastercard survey covering 20 countries, including Cyprus. Despite the calendar closing ...

Deloitte Cyprus has strengthened its leadership team with the appointment of Vaios Makrygiannis as Partner and Transfer Pricing Leader, effective December 1, 2025, the firm said. Makrygiannis joins from Deloitte Greece, where ...

Marios Tsiakkis has taken on a new role as a Non-Executive Director at Baker Tilly South East Europe, almost a year after stepping down from the Cyprus Chamber of Commerce ...

Cyprus’ Deputy Minister of Shipping Marina Hadjimanolis is in London this week for the 34th General Assembly of the International Maritime Organisation (IMO), where she will lead the Cypriot delegation ...

European businesses expect the upcoming Cyprus Presidency of the Council of the EU to deliver concrete progress on competitiveness and regulatory simplification, according to Fredrik Persson, president of BusinessEurope, during ...

For many, the word ‘forex‘ evokes images seen on social media: luxury cars, quick fortunes, and charismatic influencers touting guaranteed trading success. This high-octane portrayal, focused on rapid wins and ...

The Emirates Shipping Association brought the UAE’s maritime community together on Thursday evening for Latitude 25° at the Jumeirah Emirates Towers Terrace, an event aimed at reflecting on a busy ...

Here are the top business stories in Cyprus from the week starting November 17: The Cyprus Chamber of Commerce and Industry (Keve) on Monday released a statement summarising the recently-held annual ...

An automatic cost-of-living adjustment, or CoLA, is effectively a system of wage indexation designed to address inflation, yet there is no universal application nor a unified model for its implementation. ...

Cyprus business & economy wrap-up from the day before President Nikos Christodoulides on Friday addressed the BusinessEurope Council of Presidents in Nicosia, stressing that the Cyprus Presidency of the Council ...

The Open University of Cyprus took part in and supported one of the most advanced and realistic international cybersecurity exercises, Crossed Swords 2025, through its Cybersecurity and Telecommunications Research Laboratory, known ...

Tourism must deliver tangible benefits across local communities, Deputy Minister of Tourism Kostas Koumis said on Friday. He added that the government is “continuing this year to support the promotion ...

The Paphos regional tourism board (Etap) this week took part in the partner meeting of the European project ‘MED-Routes – Promotion of Eco-Itineraries within European Cultural Routes’, according to an announcement ...

Cyprus risks losing up to €695.2 million in annual government revenue if a new proposal expands the number of companies allowed to undergo a simple financial review instead of a full ...

Cyprus residents spent a total of €2.37 billion on domestic and outbound travel in 2024, according to figures released by the Cyprus Statistical Service on Friday. Overall, 543,526 residents made at least one ...

Port operator DP World Limassol on Friday announced that it recently organised a beach & ocean clean-up day in Limassol’s Dasoudi area. According to the company, this was “part ...

Startups4Peace (Su4P) marked its 10th anniversary with a strong presence at Slush 2025, the world’s leading startup event held in Helsinki, showcasing Cypriot entrepreneurial talent on the global ...