23 h. ago Cyprus Business Now: Hellenic Bank, BoC buyback, Ermes, Cyta acquisition, hotels

The Cyprus Stock Exchange (CSE) on Friday ratified the suspension of trading in the shares of Hellenic Bank Public Company Ltd, following a recent meeting of the CSE Council. The ratification was made under Article 184 of the Cyprus Stock Exchange Law and formalises the suspension decision first announced on May 9, 2025. The suspension […]

Economics

49 h. ago Cyprus Business Now: wages, maritime, CSE, BoC, compliance, real estate

Average monthly earnings in Cyprus rose by 5 per cent in the fourth quarter of 2024 compared to the same period in 2023, according to preliminary data released by the Cyprus Statistical Service (Cystat). When compared to the previous quarter, and after adjusting for seasonal fluctuations, average monthly earnings increased by 1.2 per cent in the fourth […]

Politics

3 d. ago Cyprus Business Now: housing, Keve, Deloitte, Freedom Holding, inflation

A significant decline of 24 per cent was recorded in the number of building permits issued in Cyprus in January 2025, when compared to the same month in 2024, according to data released by the Statistical Service. The total area covered by these permits also saw a decrease, although the total value of the permits […]

Economics

3 d. ago India’s business titans set up shop in Cyprus, opening door to EU expansion

India’s business titans set up shop in Cyprus, opening door to EU expansion  Kathimerini.com.cy

Politics

3 d. ago Cyprus is our gateway to global markets, says Freedom Holding’s Turlov

Founder and CEO of Freedom Holding Corp. Timur Turlov described Cyprus as the company’s “European gateway to global markets” during his address at the Sixth New York – Eastern Mediterranean Business Summit. Held under the theme “Cyprus – Greece – Israel: Spurring Resilient and Multilateral Collaboration with the Region”, the summit was organised by The […]

Politics

3 d. ago Cypriot businesses exhaust €14m digital scheme budget on first day

The Energy Ministry this week announced that strong interest was recorded for the third call of the digital upgrade scheme for Cypriot businesses, with the allocated budget of €14 million being exhausted on the very first day. According to the ministry, due to the depletion of the available budget, the submission of proposals has now […]

Politics

3 d. ago Timur Turlov at New York Eastern Mediterranean Business Summit: “Cyprus is our European gateway to global markets”

Timur Turlov at New York Eastern Mediterranean Business Summit: “Cyprus is our European gateway to global markets”  Philenews

Politics

4 d. ago Cyprus Business Now: economic forecast, women in maritime, Evel, BoC

President Nikos Christodoulides on Tuesday welcomed the European Commission’s latest economic forecast, describing it as a “clear endorsement of Cyprus’ resilience, stability and prudent policymaking”. Speaking during the opening of a cabinet session at the Presidential Palace, Christodoulides said the Spring 2025 Economic Forecast, released by the European Commission on Monday, “is particularly important, even more […]

Economics

5 d. ago Cyprus Business Now: energy, women in maritime, estate agents, tourism

France and Germany are moving towards a joint European energy policy based on technological neutrality, marking a new phase in nuclear energy, according to Andreas Poullikkas, professor of energy systems at Frederick University and former chairman of the Cyprus Energy Regulatory Authority (CERA). Poullikkas was commenting on the joint declaration by French President Emmanuel Macron […]

Politics

5 d. ago Petrolina leadership, contribution honoured at 17th IN Business Awards

Petrolina has been honoured with one of the most prestigious distinctions of the year, receiving the “Business of the Year” award at the IN Business Awards 2024, reaffirming its long-standing leadership and contribution to Cyprus’ economy and society. The award ceremony took place on Wednesday, May 14, 2025, at the Hilton Park Nicosia, as part […]

Politics

7 d. ago Cyprus Business Now: India business ties, BoC general meeting, TechIsland Summit

A new chapter in trilateral economic relations between India, Greece, and Cyprus was officially opened on Friday with the launch of the India-Greece-Cyprus Business and Investment Council (IGC) in Limassol. The event, held under the auspices of Eurobank and attended by senior government officials, diplomats, and business leaders from all three countries, was hailed as […]

Politics

8 d. ago LTIMindtree launches AI innovation hub in Cyprus through strategic partnership

LTIMindtree launches AI innovation hub in Cyprus through strategic partnership  BusinessLine

Politics

8 d. ago LTIMindtree launches digital innovation hub in Cyprus with Eurobank & Fairfax

LTIMindtree launches digital innovation hub in Cyprus with Eurobank & Fairfax  BusinessLine

Politics

8 d. ago LTIMindtree, Eurobank and Fairfax Digital Services Collaborate to Build Digital Innovation Hub in Cyprus

LTIMindtree, Eurobank and Fairfax Digital Services Collaborate to Build Digital Innovation Hub in Cyprus  Business Wire

Politics

9 d. ago Cyprus Business Now: startup ecosystem, GDP growth, tourism, PwC scheme

The Cyprus Securities and Exchange Commission (CySEC) this week issued two separate announcements relating to regulatory action and fund liquidation. In a decision made during its meeting on February 2025, the board of CySEC imposed an administrative fine of €1,250 on Cyprus Investment Firm (CIF) iTrade Global (CY) Ltd. The company, identified by Legal Entity […]

Politics

1 week ago Cyprus Business Now: Hellenic Bank, Ermes, Tourism, Lady’s Mile

Hellenic Bank on Wednesday announced a reduction in its base interest rate by 0.33 percentage points, from 1.75 per cent to 1.42 per cent, effective from May 16, 2025. “This move will benefit the majority of the bank’s borrowers—more than 90,000—by easing their loan repayment terms,” the bank said. It further stated that this development “actively […]

Economics

1 week ago Cyprus launches global drive to bring back talent from abroad

Cyprus is preparing to roll out a global campaign aimed at bringing back talented Cypriots from abroad, President Nikos Christodoulides announced during the IN Business Awards 2025. The initiative, titled “Minds in Cyprus”, is set to launch next week in the United Kingdom. It is backed by Invest Cyprus and the Cyprus chamber of commerce […]

Sport

1 week ago Cyprus business challenges old divisions amid hopes of new crossing points 

By Michele Kambas When Andreas G Andreou and Emre Serdar founded their window and framing company in Cyprus in 2015, they had a mission: to challenge the island’s divisions by operating the business on both sides of its historic ceasefire line. SlimLine Frame is one of only a few ventures to use factories on the Greek and […]

Politics

1 week ago Cyprus business challenges old divisions amid hopes of new crossing points

Cyprus business challenges old divisions amid hopes of new crossing points  Reuters

Politics

1 week ago Cyprus Business Now: BoC, Keve, Shipping, Gender pay gap, Property, Scrutiny of influencers

The Bank of Cyprus on Monday posted a profit after tax of €117 million for the first quarter of 2025, marking an increase of 9 per cent compared to the previous quarter. In addition, according to the bank’s financial results, basic earnings per share for the quarter stood at €0.27. Return on Tangible Equity (ROTE) stood at at 18.3 per […]

Economics