Cyprus Business News

Here are the top business stories in Cyprus from the week starting January 13: The need for enhanced collaboration between public authorities and private enterprises was emphasised during the recently held ‘...

Eurobank’s acquisition of Hellenic Bank is expected to conclude by the end of May, paving the way for the legal and operational merger with Eurobank Cyprus. The latest update ...

Harmonised inflation in Cyprus increased by 2.3 per cent in 2024 compared to 2023, according to a report released this week from the state’s statistical service. The category of restaurants and hotels ...

The Deputy Ministry of Tourism on Friday announced the second call for proposals under its €3 million grant scheme to boost tourism across Cyprus. The scheme aims to support the modernisation ...

The environmental authority has approved the €60 million American Medical Centre Limassol / American Heart Institute project, according to an announcement released on Friday. “The approval by the Environmental Authority lays the ...

The 17th International Shipping Conference took place in Athens this week, with the central theme being the bridging of the shipping industry with capital markets. Co-hosted by Maritime Economies and ...

Eurobank has finalised the sale of its 8.58 per cent stake in Demetra Holdings Plc, totalling 17,152,353 shares, to Logicom Services Limited for approximately €27 million (€1.55 per share). In a statement issued on ...

Interest rates in Cyprus continued to decline in November 2024, with home loan rates averaging 4.50 per cent, down from 4.62 per cent in October, according to the Central Bank of Cyprus (CBC). ...

Eurobank’s acquisition of Hellenic Bank is expected to conclude by the end of May, paving the way for the legal and operational merger with Eurobank Cyprus. The latest update ...

The Cyprus Property Developers Association met with the Department for Town Planning and Housing this week to address concerns about the compensatory measures for granting planning permits, particularly regarding the ...

Limassol’s Ariel Cinema, a historic site long out of use, is set to be transformed into a 19-storey mixed-use tower following approval from the environment department. Dating back to 1966, ...

The outlook for Cyprus tourism in 2025 is encouraging, with booking flows surpassing those of the previous year, according to president of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides. Michaelides stated ...

The Cyprus Statistical Service (Cystat) on Thursday launched its survey on household income and living conditions for 2025. The survey, conducted annually since 2005, aligns with a relevant EU regulation, which requires ...

Rating agency DBRS this week released a report projecting robust GDP growth for Cyprus over the coming years. The agency explained that its projections are based on a positive trend ...

Deputy Minister of Shipping Marina Hadjimanolis highlighted the need to enhance the competitiveness of the Cyprus maritime flag during a two-day visit to Athens. On the first day of her ...

The Central Bank of Cyprus (CBC) aims to maintain stable prices and a sound financial system, according to governor Christodoulos Patsalides. Speaking at the 12th Banking Forum and Fintech Expo ...

The outlook for Cyprus tourism in 2025 is encouraging, with booking flows surpassing those of the previous year, according to president of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides. Speaking to ...

Salamis Tours (Holdings) Public Ltd has issued assurances regarding its employment policy amidst a potential acquisition by E.V.H. Investments Ltd. E.V.H. Investments Ltd has been steadily ...

Spain’s decision to impose steep taxes on non-EU property investors using platforms like Airbnb has sparked debate over whether countries like Cyprus and Greece will benefit from the shift ...

The Cyprus Consumers Association (CCA) recorded thousands of consumer complaints in 2024, marking a 24 per cent increase compared to the previous year. The association’s annual report, released on Wednesday, showed ...

Building permits in Cyprus saw a sharp decline in July 2024, with only 97 permits authorised, it emerged on Wednesday. This marks a stark contrast to the 604 permits issued in July 2023, according ...

The Cyprus Chamber of Commerce and Industry (Keve) has appointed Emilios Michael and Andreas Andreou as its new deputy secretary generals. Emilios Michael, who previously served as director of labour ...

Spain’s decision to impose steep taxes on non-EU property investors using platforms like Airbnb has sparked debate over whether countries like Cyprus and Greece will benefit from the shift ...

The Cyprus federation of employers and industrialists (Oev) has announced the opening of applications for the 18th Cyprus Innovation Award Competition. “This longstanding event celebrates the ingenuity and creativity that ...