10 h. ago Cyprus building permits fall but value rises to €361.5 million

The Cyprus Statistical Service (Cystat) on Friday announced a reduction of 1.9 per cent in the number of building permits issued during March 2025, when compared to the same month last year. A total of 572 building permits were authorised in March 2025, down from 583 in March 2024. The total value of these permits […]

Politics

30 h. ago Google hit with $8.87 million fine by Turkish competition body

The Turkish Competition Authority announced on Thursday that it would impose an administrative fine of approximately 355 million lira (equivalent to $8.87 million) on Google for not meeting its regulatory responsibilities. According to the authority, the penalty was issued after it determined that Google introduced certain design changes during the compliance phase of an earlier […]

Economics

3 d. ago Cyprus considers electricity bill surcharge to fund €25 million energy project payment

Cyprus considers electricity bill surcharge to fund €25 million energy project payment  Kathimerini.com.cy

Economics

4 d. ago Millions in Cyprus pollution fees diverted from green goals, critics Say

Millions in Cyprus pollution fees diverted from green goals, critics Say  Kathimerini.com.cy

Politics

4 d. ago Court cancels €6.4m CySEC fine against Vardinogiannis siblings

The Administrative Court has annulled a fine of more than €6.4 million imposed by the Cyprus Securities and Exchange Commission (CySEC) on Greek business siblings Ioannis and Amalia Vardinogiannis over allegations of insider trading involving shipping sector changes and shareholding in a listed company. According to Cypriot daily Politis, the court accepted the appeals lodged […]

Events

9 d. ago Cyprus Business Now: tourism, banks, maritime, real estate, technology

Tourism revenue in Cyprus experienced a significant rise in April 2025, reaching €304.2 million according to the latest results from the passengers survey conducted by the state statistical service. This represents a 39.9 per cent increase compared to April 2024, when revenue stood at €217.4 million. The stastitistical service also reported that tourists from Lebanon, […]

Economics

1 week ago Eurobank to fund €2 million care centre and homes for people with disabilities

Eurobank on Tuesday announced the development of a day care centre for people with disabilities over the age of 21, along with two independent living residences for adults with autism. According to the announcement, the €2 million project will be implemented in collaboration with the Deputy Ministry of Social Welfare as part of Eurobank Group’s […]

Economics

1 week ago Limassol tech company bridges global innovation and local talent

From its humble beginnings as a guitar tab-sharing site in 1998, the Muse Group has grown into one of the most influential music technology companies in the world, now reaching over 400 million users. Headquartered in Limassol since 2021, the Cyprus-based company is the force behind major platforms including Ultimate Guitar, MuseScore, Audacity, and most […]

Politics

2 w. ago Cyprus influencer and family arrested in €1 million crime ring linked to convicted felon

Cyprus influencer and family arrested in €1 million crime ring linked to convicted felon  Kathimerini.com.cy

Events

2 w. ago Kedipes pays €60 million to state — total repayments reach €1.59 billion

State-owned asset management company Kedipes paid €60 million to the state on June 26, as part of the ongoing repayment of state aid previously provided to the now-defunct Cooperative Cyprus Bank. According to a statement by Kedipes released on Friday, the payment concerns the second quarter of 2025 and forms part of the gradual repayment […]

Economics

2 w. ago EC awards €2 million to Cypriot civil society organisations in

The European Commission on Thursday announced its approval of 15 new grants worth over €2 million to support civil society initiatives across Cyprus. The funding is part of the ninth round of the Cypriot Civil Society in Action programme, launched in 2024, aiming to support civil society and “contribute to promoting the reunification of Cyprus”. […]

Events

2 w. ago Cyprus Business Now: taxes, workforce, electric vehicle scheme, seafarers

Tax incentives offered to attract international and Cypriot professionals to Cyprus have resulted in €406.6 million in tax exemptions over a three-year period, benefiting 25,277 employees who moved to the island for work between 2021 and 2023. The total salaries declared by these employees reached €1.31 billion, with exemptions ranging between 20 and 50 per cent depending on […]

Economics

2 w. ago €8m given to district govts to deal with water supply issues

The central government has allocated €8 million worth of funding to Cyprus’ five district governments to deal with “water supply and water loss issues”, Interior Minister Constantinos Ioannou said on Wednesday. Speaking after a meeting with the five governors, he said further money will be provided “in the coming years”, while also speaking on the […]

Politics

2 w. ago Government approves €2.5m scheme to support electric vehicle uptake

The Cabinet on Wednesday approved a new €2.5 million scheme to promote the adoption of electric vehicles in Cyprus, according to Transport Minister Alexis Vafeades. He said the plan aims to strengthen the market for electric and hybrid vehicles through government funding, adding that electric mobility is a key priority for Cyprus and essential to […]

Politics

2 w. ago €406.6m in tax breaks bring 25,000 professionals to Cyprus – Russians top list

Tax incentives offered to attract international and Cypriot professionals to Cyprus have resulted in €406.6 million in tax exemptions over a three-year period, benefiting 25,277 employees who moved to the island for work between 2021 and 2023. The total salaries declared by these employees reached €1.31 billion, with exemptions ranging between 20 and 50 per […]

Sport

2 w. ago Eurobank repurchases 3.8 million shares as part of buyback programme

Eurobank recently acquired 3.8 million of its own shares as part of its share buyback programme, according to an official announcement. The announcement followed a previous statement, released on May 7, 2025, about the start of the organisation’s share buyback programme. The programme had been approved by the ordinary general meeting of shareholders on April […]

Economics

3 w. ago Exness Bought €75 Million Land from the Bank of Cyprus: Report

Exness Bought €75 Million Land from the Bank of Cyprus: Report  Finance Magnates

Economics

3 w. ago Limassol becomes Cyprus’ basketball capital with €14.5 million arena renovation

Transport Minister Alexis Vafeades expressed pride on Wednesday during a presentation of the newly upgraded Spyros Kyprianou Athletic Centre in Limassol, ahead of its role as a host venue for FIBA EuroBasket 2025. “I am very proud of the entire team behind the renovation of this stadium, and for delivering it on time,” he said […]

Politics

3 w. ago Bank of Cyprus completes €30 million share buyback programme

The Bank of Cyprus on Tuesday announced that it has successfully completed its share buyback programme. According to the bank’s latest submission on the Cyprus Stock Echange (CSE), the company purchased a total of 121,281 ordinary shares between June 13, 2025, and June 16, 2025, with a nominal value of €0.10 each. The transactions were […]

Economics

3 w. ago Cyprus rolls out €10 million plan to commercialise innovation

The Research and Innovation Foundation (RIF) has launched a new €10 million funding scheme to help Cypriot companies turn innovative ideas into high-value products and services. Known as STEP (setting up facilities and production lines for manufacturing new innovative products or services), the programme is part of a series of flagship actions unveiled by president […]

Politics