Cyprus Business News

The Bank of Cyprus (BoC) has signed a strategic partnership with Avenga for the co-development of a new digital platform leveraging Agentic AI and the full suite of Microsoft Azure ...

Cyprus saw hourly wage costs rise by 3.5 per cent in the third quarter of 2025, according to Eurostat figures, reflecting continued labour cost pressures in line with broader trends across the ...

The Insurance Association of Cyprus (Saek) has officially joined the Global Federation of Insurance Associations (GFIA), the world’s pre-eminent federation for insurance trade bodies, in a move designed to ...

Inflation in Cyprus remained low in November, with the Harmonised Index of Consumer Prices rising by just 0.1 per cent year-on-year, according to data released by the Statistical Service (Cystat) on ...

Cyprus’ economy showed broad-based growth across industry, construction, trade and tourism in the first ten months of 2025, according to the statistical service (Cystat), reflecting continued economic momentum amid external uncertainty. ...

UK, Poland and Israel drive surge in November tourist arrivals Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength ...

Cyprus’ financial watchdog CySEC on Monday announced that it imposed a €100,000 administrative fine on Cyprus Investment Firm Wonderinterest Trading Ltd after identifying repeated breaches of licensing and conduct rules, in ...

Mikki Koskinen from Finland has been elected the next president of the European Community Shipowners’ Associations (ECSA). His term will start on January 1, 2026, and will last for two years. Nikolas ...

Alpha Bank Cyprus bets on green finance and innovation after merger Alpha Bank Cyprus on Wednesday said that 2025 marked a milestone year that reshaped its position in the local market. ...

Christos Nicolaou, the president of the Cyprus Real Estate Agents Association (Skek) and a candidate for the Cyprus Real Estate Agents Registration Council (Sek), has publicly challenged the long-standing leadership ...

Cyprus has moved to streamline the way businesses interact with the state through the operation of a new Business Support Centre (BSC), a one-stop shop designed to serve both local ...

The Bank of Cyprus (BoC) has signed a strategic partnership with Avenga for the co-development of a new digital platform leveraging Agentic AI and the full suite of Microsoft Azure ...

Cyprus job vacancy rate stood at 3 per cent in third quarter Cyprus recorded one of the highest job vacancy rates in the European Union in the third quarter of 2025, despite ...

Cyprus’ shipping community has increasingly been drawn into global efforts to tackle harassment at sea, as the island’s maritime cluster aligns with international campaigns, regulatory changes and growing expectations ...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday welcomed the signing of a new strategic agreement between Cyprus and France. In its announcement, the chamber said that the ...

The Cyprus Financial Literacy and Education Committee (CyFLEC) held its 6th board of directors meeting this week, in order to to assess actions taken since its previous meeting and to ...

Cyprus has renewed its collective agreement covering seafarers employed on Cyprus-flagged ships, with employers and unions signing a new three-year deal that aligns local maritime labour standards with international frameworks. ...

Cyprus stepped onto one of the world’s largest maritime stages this month, making its debut with a national pavilion at MARINTEC China 2025, as the government stepped up efforts to ...

Cyprus-based mobile game developer Top App Games Ltd announced on Tuesday that its hit title Ludus: Merge Arena has surpassed 8 million installs worldwide, underscoring the island’s growing role in ...

Hourly labour costs in Cyprus rose by 3.5 per cent in the third quarter of 2025, compared with the corresponding quarter of the previous year, according to provisional data released by the ...

The Central Bank of Cyprus (CBC) on Tuesday reported a sharp improvement in loan quality across the Cypriot banking sector, alongside a decline in profitability, reflecting changing conditions across the ...

Cyprus among EU leaders in GenAI use Cyprus ranked among the leading countries in Europe for the use of generative artificial intelligence in 2025, according to Eurostat, highlighting the island’s ...

Cyprus’ social spending drops to 19.2 per cent of GDP in 2023 Social protection expenditure fell as a percentage of Gross Domestic Product (GDP) in 2023, even as the total spending increased in ...

Eurobank highlighted the importance of embedding environmental, social and governance (ESG) principles into core business strategy rather than treating them as a communications exercise, during its participation in the 4th ...