Business

Cyprus hospitality owners association Osika has urged President Nikos Christodoulides to extend the government’s support measures to the food and catering sector, arguing that restaurants and similar venues are ...

The European Central Bank should not rush to raise rates in response ​to surging energy costs, as its “baseline” outlook remains intact and there is no sign yet that ‌inflation ...

The Cyprus Statistical Service (Cystat) on Friday reported that total petroleum product sales in February 2026 reached 111,922 tonnes, marking a 0.1 per cent year-on-year increase compared to February 2025. However, the figures reflect ...

Cyprus will begin screening certain foreign direct investments (FDI) from April 2, 2026, under a new law aimed at safeguarding national security and public order while aligning the country with the EU’...

The House of Representatives has unanimously approved the Cyprus Ports Authority (CPA) budget, amounting to €83,950,909. Notably, the 2026 budget is in deficit, with projected expenditure of €83,950,909 and expected revenue of €65,190,938. The ...

ERB Asfalistiki, a member of the Eurobank Group, on Friday announced that it delivered a firefighting training simulator to the Cyprus fire service, strengthening their long-standing cooperation on fire safety. ...

The Cyprus Stock Exchange (CSE) council on Friday announced the admission to trading of 4,167 additional shares of iDNA Genomics Public Ltd on the Emerging Companies Market. According to the announcement, ...

The board of directors of Cosmos Insurance Public Company Ltd on Friday announced the approval of the company’s audited financial statements for the financial year ended December 31, 2025. The board ...

The Cyprus Stock Exchange (CSE) on Friday announced its Easter holiday schedule, informing investors and market participants of upcoming trading suspensions in April. The exchange stated that on April 3, 2026 and ...

European Parliament members (MEPs) have adopted new EU rules to address bank failures, aiming to protect taxpayers and depositors while minimising economic disruption. The reform establishes that the cost of ...

Cyprus was among 23 EU member states that joined a coordinated consumer protection sweep which found that 30 per cent of online traders screened during Black Friday and Cyber Monday sales referenced ...

The Council of the EU and the European Parliament have reached a political agreement on the most far-reaching overhaul of the bloc’s customs framework in nearly six decades, with ...

Central Bank of Cyprus (CBC) directorate-general of financial stability and resolution head Panayiota Karamanou has highlighted the need to strengthen investor confidence as a key pillar of the Savings and ...

Cyprus-based IT distributor Asbis Group reported a net profit of $60.2 million for 2025, highlighting a record year driven by strong demand across multiple technology segments. The company said that net profit ...

The Central Bank of Cyprus (CBC) has announced that total deposits increased by 4.7 per cent year-on-year in February 2026, while total loans recorded a 12.3 per cent annual increase. In absolute terms, ...

The Research and Innovation Foundation (RIF) has announced two new funding calls aimed at bringing research closer to businesses in Cyprus through targeted innovation programmes. The calls fall under the ...

The government on Thursday announced a €200 million package of eight measures which it hopes will help combat rising costs after four weeks of war in the Middle East. Firstly, the ...

The European Union recorded a €128 billion trade surplus in goods in 2025, marking a decrease of €8 billion compared with 2024, according to Eurostat. The surplus fell from €136 billion in 2024, reflecting shifting trade ...

A presentation of Cyprus’ new tax reform will be held in Athens on April 21, targeting Greek businesses and investors, following its postponement due to the war in the Middle East. ...

The Cyprus Telecommunications Authority (CyTA) got the green light on Thursday to operate in the energy sector, though it remained an open question whether the semi-governmental organisation will compete or ...

Demetra Holdings Plc on Thursday announced that it completed the purchase of 8,132 of its own shares during a trading session held on March 24, 2026. According to the announcement, the transaction was ...

Consumer fuel prices jumped by the largest amount seen in the last three years during business hours on Thursday, consumers’ association chairman Marios Drousiotis said, with the impact of the ...

Chief Scientist Demetris Skourides has concluded a series of high-level meetings in Brussels and the Netherlands, aimed at strengthening Cyprus’ role in artificial intelligence, ocean policy and science-for-policy collaboration within ...

Cablenet Communication Systems PLC on Thursday announced its financial results for the year ended December 31, 2025, reporting revenue of €69.7 million alongside a broader transformation of its operations and services in Cyprus. ...