Cyprus Business News

The Finance Ministry on Tuesday announced the implementation of a revised and locked notification template for outgoing transfers of funds, in accordance with the provisions of the relevant article under ...

Electric and hybrid vehicles in Cyprus have gained a stronger foothold in the market during the first five months of 2025, according to official data released on Tuesday by the state ...

Freedom Holding Corp., the parent company of Freedom24, has been selected for inclusion in the internationally recognised Russell 3000® Index as part of its 2025 annual reconstitution. The inclusion will become effective ...

Cyprus posted a trade deficit of €2.61 billion for the period between January and April 2025, up from €2.46 billion recorded during the same period in 2024, despite a notable surge in exports, according ...

Columbia Group is anchoring new maritime ventures in Cyprus, leveraging its collaboration with the Emirates Shipping Association to drive digital transformation across the wider region. Speaking at the Investopia Global ...

Cyprus took the spotlight at the Investopia Global Mediterranean Forum in Limassol this week, with Energy Minister George Papanastasiou reaffirming the country’s commitment to building closer ties with the ...

The United Arab Emirates sees Cyprus and the wider Mediterranean as strategic partners in building a resilient and innovation-driven regional economy, UAE minister of Economy Abdulla bin Touq Al Marri ...

Most businesses are still failing to align AI investments with workforce readiness, according to Kyndryl’s People Readiness 2025 report, with 71 per cent of leaders admitting their workforces are not yet ...

This year’s annual lecture in economics from the Cyprus Economic Society, featured Sir Paul Collier, a pre-eminent global development economist and professor of Economics and Public Policy at the ...

Art lead, Daria Babkovskaya, explains how AI tools in marketing art improve the creative workflow Daria Babkovskaya, promo art lead at Cubic Games, says artificial intelligence tools are helping the ...

Here are the top business stories in Cyprus from the week starting June 2: Cyprus has taken a significant step in strengthening its regulatory framework for investment funds, following the House ...

The Bank of Cyprus on Friday announced a fresh reduction in its reference interest rate for loans linked to the European Central Bank’s (ECB) base rate, in direct response ...

The Cyprus hoteliers association (Pasyxe) on Friday announced its support for a collective legal action against Booking.com. The legal action has been brought before the Dutch courts through an ...

Following a year of collaboration under a joint venture agreement, US-based TKI and Cyprus-based Hybrid ConsulTech have merged operations and will now formally operate under the unified TKI brand. The ...

The Cyprus Chamber of Commerce and Industry (Keve) has announced a new initiative aimed at equipping small and medium-sized enterprises (SMEs) with practical tools and solutions to support their transition ...

Employment in Cyprus recorded a 1.5 per cent increase in the first quarter of 2025 compared to the same period in 2024. According to data released by the Cyprus Statistical Service (Cystat) on ...

AI is making workers more valuable, productive, and able to command higher wage premiums, with job numbers rising even in roles considered most automatable, according to PwC’s 2025 Global AI ...

Vassiliko Cement Works Public Company Ltd on Friday confirmed the approval of all resolutions presented during its annual general meeting (AGM) of shareholders held on June 5, 2025. The company operates in ...

The Bank of Cyprus on Friday announced a fresh reduction in its reference interest rate for loans linked to the European Central Bank’s (ECB) base rate, in direct response ...

Cyprus participated for the first time with a national event at the World Utilities Congress 2025, held at the Abu Dhabi National Exhibition Centre. The event aimed to showcase Cyprus’ strengths ...

The turnover value index for services and transport in Cyprus recorded increases during the first quarter of 2025 compared to the same period in 2024. According to the state statistical service, administrative ...

The Finance Ministry on Thursday expressed satisfaction with the findings of the European Commission included in the 2025 Spring Package for Cyprus. In a statement, the ministry said that the report “...

The Industrial Turnover Index in Cyprus recorded a strong rise in March 2025, signalling continued momentum across key sectors of the economy. According to the Cyprus Statistical Service, the index reached 137.7 ...

The Cyprus Securities and Exchange Commission (CySEC) has announced the imposition of administrative fines on thirteen listed companies for breaches of the Transparency Requirements (Securities Admitted to Trading on a ...