3 d. ago Cyprus Business Now: AI, tourism, housing, banks, shipping, employment

Cyprus can secure a leading role in the next era of smart and sustainable tourism if it embraces Artificial Intelligence (AI) with urgency and strategic clarity, Deputy Minister for Research, Innovation and Digital Policy Nicodemos Damianou said on Wednesday, addressing a joint government conference on AI and tourism. Damianou opened his remarks by congratulating Deputy […]

Economics

5 d. ago Cyprus Business Now: tourism, ports, affordable houses, Keve, digital euro

A total of 500 new housing units for rent or sale will be created in Nicosia, Larnaca, Limassol and Paphos, President Nikos Christodoulides said on Tuesday. “This is an important measure that will help to ease the pressure caused by rising housing demand and will significantly contribute to reducing housing costs. It is a plan long […]

Society

1 week ago Cyprus Business Now: inflation, unemployment, AI, tourism, gambling

Passenger traffic across Cyprus’ airports has exceeded 13 million travellers since January, marking the highest volume ever recorded, according to Hermes Airports. In its announcement, the company said that “for the first time in the history of Cyprus airports, passenger traffic has reached 13 million passengers since the beginning of this year (departing and arriving)”. It […]

Economics

1 week ago Cyprus Business Now: tourism, shipping, investment training, consumer protection

Revenue from tourism in Cyprus reached €499.9 million in September 2025, according to figures released by the Cyprus Statistical Service (Cystat) on Monday. This reflected a 10.1 per cent increase compared with €454.1m in the same month of 2024, continuing the upward trend recorded throughout the year. For the January to September 2025 period, total tourism receipts rose to €2.97 billion, up 15.4 […]

Economics

2 w. ago EU agrees new rules to bolster consumer protection in online payments

EU member states and the European Parliament have reached a political agreement on new rules aimed at better protecting consumers from online fraud, unexpected charges and data misuse, parliament said last week. Under the deal, customers will have to be clearly informed of all fees before making a payment, including currency conversion costs and ATM […]

Politics

2 w. ago Cyprus Business Now: tourism, maritime, foreign exchange, loans, betting revenue

The Foreign Exchange (Forex) market is a critical pillar of global finance, but its accessibility to retail investors has created a confusing landscape. For many Cypriots seeking to understand online investment, the distinction between a regulated financial service, a betting platform, and an outright illegal boiler room scam has become dangerously blurred.  This lack of clarity is being exploited […]

Politics

3 w. ago Cyprus sees steady prices in October, inflation still below zero

Stable restraint in consumer prices continued in October, according to the monthly price observatory published by the Consumer Protection Service, with annual inflation remaining negative for a sixth consecutive month. The observatory tracks weighted average prices for 250 basic consumer products across 400 retail outlets islandwide, drawing on daily data for food and non-food items. […]

Economics

3 w. ago Cyprus Business Now: Keravnos, China ties, Qatar mission, BoC, shipping, tourism

Finance Minister Makis Keravnos has welcomed the European Commission’s autumn 2025 economic forecast, saying that the findings confirm the economy’s “steady progress, resilience and dynamics” despite geopolitical pressures. In a written statement, he said it was “particularly encouraging” that Brussels now expects Cyprus’ economy to grow by 3.4 per cent in 2025, revising its projection upward by 0.4 percentage points from […]

Events

3 w. ago Cyprus Business Now: tourism, vehicles, legal migrants, real estate

Cyprus recorded a strong rise in both tourist arrivals and resident returns in October 2025, underscoring a robust rebound in travel activity. According to the Cyprus Statistical Service (Cystat), tourist arrivals reached 537,744 during this time, up 17.1 per cent from the 459,106 recorded in October 2024. For January to October 2025, total arrivals amounted to 4,142,534, compared with 3,727,196 in the same period […]

Events