30 h. ago Cyprus Business Now: FDI, Skourides, Invest Cyprus, CSE, financial literacy

Parliament on Thursday began debating legislation to screen foreign direct investments in strategic sectors, aligning Cyprus with EU rules designed to safeguard security and public order. The bill, approved by the Council of Ministers earlier this month, implements Regulation (EU) 2019/452, which establishes a framework for monitoring foreign direct investments (FDIs) into the European Union […]

Economics

4 d. ago Cyprus Business Now: CySEC, tourism, hospital tookover, job satisfaction

Finance Minister Makis Keravnos on Monday will chair a Eurogroup meeting, which is also set to elect a new president for the next two and a half years. According to a statement from the Finance Ministry, ministers will first exchange views on the coordination of fiscal policies within the eurozone. They will also adopt a […]

Society

5 d. ago Cyprus chairs Eurogroup as ministers discuss 2026 fiscal outlook

Finance Minister Makis Keravnos on Monday will chair a Eurogroup meeting, which is also set to elect a new president for the next two and a half years. According to a statement from the Finance Ministry, ministers will first exchange views on the coordination of fiscal policies within the eurozone. They will also adopt a […]

Politics

7 d. ago Cyprus Business Now: BoC, hotel workers, Larnaca marina, foreign investments

Cyprus has moved to establish a national framework for screening foreign direct investments (FDIs), aiming to safeguard security and public order while maintaining an open environment for investors. The Council of Ministers approved the draft legislation on July 2, the Finance Ministry said in a statement issued on Friday. The bill will now be submitted […]

Economics

8 d. ago Finance Ministry to oversee Cyprus’ foreign investment controls

Cyprus has moved to establish a national framework for screening foreign direct investments (FDIs), aiming to safeguard security and public order while maintaining an open environment for investors. The Council of Ministers approved the draft legislation on July 2, the Finance Ministry said in a statement issued on Friday. The bill will now be submitted […]

Economics

8 d. ago Syllouris ‘authorised’ by former president to represent Cyprus overseas, court hears

The defence in the ‘golden passports’ trial sought on Thursday to stun a prosecution witness by presenting him with a document purporting to show that former House president Demetri Syllouris had direct authorisation from ex-president Nicos Anastasiades to represent Cyprus as an investment destination in events held overseas. The document was presented by Chris Triantafyllides, […]

Politics

9 d. ago Vasiliko port modernisation project to get €18m in EU funding 

The expansion of the Vasiliko port project will receive €18,781,957 in funding as part of the European Union’s financing programme Connecting Europe Facility (CEF), the transport ministry announced on Thursday.  “The project contributes decisively to the transition towards cleaner forms of energy in the maritime sector, accelerating the decarbonisation of maritime transport and enhancing the […]

Politics

9 d. ago Cyprus Business Now: real estate, new insurance firms, FDI, staff shortages

Cyprus has formally approved the creation of a national mechanism for the control of foreign direct investments (FDI), following a cabinet decision on Wednesday. The move aims to strengthen the country’s protective framework, align with European Union standards on national security and transparency, and safeguard strategic infrastructure. President Nikos Christodoulides had earlier described the initiative […]

Politics

2 w. ago Cyprus Business Now: Eurobank shares, Logicom, economic index, tax reform

Eurobank on Friday announced its intention to explore a parallel listing of its shares on the main market of the Cyprus Stock Exchange (CSE), following the successful completion of its acquisition of Hellenic Bank. This move marks what the bank described as “the largest foreign investment ever implemented in Cyprus”. The development comes in the […]

Economics

2 w. ago Eurobank considers CSE listing after Hellenic Bank acquisition

Eurobank on Friday announced its intention to explore a parallel listing of its shares on the main market of the Cyprus Stock Exchange (CSE), following the successful completion of its acquisition of Hellenic Bank. This move marks what the bank described as “the largest foreign investment ever implemented in Cyprus”. The development comes in the […]

Politics

2 w. ago Cyprus Business Now: CSE, maritime, energy, real estate, consumer price, banks

Trade unions are raising objections over the privatisation of the Cyprus Stock Exchange (CSE), warning that staff rights have not been fully safeguarded under the draft law currently before Parliament. During Monday’s session of the Finance Committee, representatives from Sek and Peo said that while agreements had been reached with the Finance Ministry during earlier consultations, […]

Economics

2 w. ago CSE privatisation bill sparks staff rights dispute with unions

Trade unions are raising objections over the privatisation of the Cyprus Stock Exchange (CSE), warning that staff rights have not been fully safeguarded under the draft law currently before Parliament. During Monday’s session of the Finance Committee, representatives from Sek and Peo said that while agreements had been reached with the Finance Ministry during earlier […]

Politics

4 w. ago Cyprus Business Now: economy forecast, BoC, AstroBank, shipping, tourism revenue

The Finance Ministry on Friday published its strategic fiscal policy framework for the period 2026 to 2028, forecasting stable economic growth and a steady decline in public debt over the next four years. Growth is expected to range between 2.9 per cent and 3.1 per cent during the period, with the public debt projected to […]

Economics

4 w. ago Cyprus expects public debt to drop to 43 per cent of GDP by 2028

The Finance Ministry on Friday published its strategic fiscal policy framework for the period 2026 to 2028, forecasting stable economic growth and a steady decline in public debt over the next four years. Growth is expected to range between 2.9 per cent and 3.1 per cent during the period, with the public debt projected to […]

Politics