Search

1. When you're paying three times more

Cyprus has a small, remote and open economy built around services. Those services rely on electricity every hour of every day to operate without interruption. It is no exaggeration to say that affordable power is the oxygen of a service economy....

2. Invest Cyprus honours international companies at the 14th Invest Cyprus International Investment Awards

Invest Cyprus congratulates the companies recognised at the 14th Invest Cyprus International Investment Awards, acknowledging their contribution to the growth of the Cypriot economy....

3. US and Iran exchange attacks for third straight day as ceasefire comes under pressure

The preliminary peace agreement signed by the United States and Iran less than a month ago came under increasing strain on Thursday as both sides exchanged attacks for a third consecutive day, with military operations extending across several countries in the Middle East....

4. Extel: Strong Vote of Confidence for Bank of Cyprus from the International Investment Community

Bank of Cyprus has received a prestigious and highly significant distinction, being named a “Most Honored Company” in Extel’s internationally renowned annual survey....

5. VE Very Exclusive Accessories Ltd Unveils the Swarovski Fall/Winter 2026 Collection at an Exclusive Event in Cyprus

6. Social media feeding widespread youth exposure to gambling content

A substantial majority of young people in Cyprus frequently encounter gambling content on social media, driven largely by platform algorithms rather than personal choice, according to new research....

7. Lidl Cyprus brings ''Equality in Action''

At Lidl Cyprus, equality and inclusion are an integral part of the daily work experience. With the aim of strengthening the dialogue around issues that affect everyday life in the workplace, the company presents the new video series “Equality in Action”, following the Equal Treatment Policy that it currently implements in order to ensure an environment of respect, safety and equal opportunities for all....

8. Wealthyhood and Bank of Cyprus Launch Co-Branded Investing App

The first-of-its-kind partnership rolls out top-class wealthtech to all Cypriot residents, offering Bank of Cyprus customers instant account linking and frictionless investing....

9. There are plenty of jobs, but the right workers are missing

The mismatch between employers' needs and the available workforce presents a greater challenge than labor shortages in key sectors of the Cypriot economy because it negatively affects both business competitiveness and the efficient use of available workers....

10. Coral Cyprus (Shell Licensee) strengthens the Shell service station network with a new strategic location in Aradippou

Coral Cyprus (Shell Licensee), which holds the licence to use the Shell trademark in Cyprus, has proceeded with the acquisition of a new service point in Aradippou, further strengthening the network of service stations bearing the Shell brand and its presence in the Larnaca district....

11. ESM report says Cyprus and Greece are the only eurozone countries expected to reduce debt through 2035

About half of the euro area countries, including the five member states that received assistance from the European Stability Mechanism (ESM), among them Cyprus, succeeded in reducing public debt and cutting deficits after the pandemic, thanks to the steady economic recovery and growing tax revenues....

12. PASYKAF launches major wellness campaign for women

A local health organization has introduced a major campaign targeting the well-being of women across Cyprus, emphasizing the critical role of regular medical checkups....

13. Israel launches fifth offshore bidding round to expand natural gas reserves

Israel has launched its fifth offshore bidding round to explore for additional natural gas within its economic waters, an initiative aimed at expanding domestic reserves and securing a larger footprint in the regional export market....

14. New Bean Bar opens in Alphamega Hypermarket Linopetra

15. Freedom24 in the 2026 FinTech Awards: Best Pan-European Retail Investment Platform & AI in Finance Innovation Award

Freedom24, a European subsidiary of Freedom Holding Corp., has been named a winner in two categories of the 2026 FinTech Awards by Wealth & Finance International, securing recognition both for its position as a pan-European investment platform and for its AI-driven Neo Compliance framework. The distinctions underline the growing relevance of technology-led innovation in European investment services, where scale, speed and regulatory rigour increasingly define market leadership....

16. Cyprus fights for vital air links as EU prepares to change state aid rules

The government has submitted a detailed package of six proposals to Brussels in an effort to shield the island’s aviation network from upcoming changes to European state aid regulations....

17. New European rules tighten the reins on cryptocurrency platforms

Out of more than 1,200 companies that held pre-MiCA national registrations across the EU, only about 210 had secured a full CASP license....

18. Zivania in the right hands

Since 2020, operating under the name Askon Art Wines, Constantinos Charilaou has produced an incredibly interesting line of premium wines that faithfully capture the identity of the local region....

19. Real estate agent in occupied areas records her own airport arrest over illegal land sales

Legal actions by the Republic of Cyprus targeting the development and sale of displaced Greek Cypriot land have drawn sharp criticism from northern business leaders, who warn that judicial enforcement is derailing efforts to rebuild diplomatic relations....

20. Cypriot business pioneer Nikos Shacolas passes away at 98

Nikos K. Shacolas, one of the most prominent and visionary figures in the Cypriot business community, has passed away at the age of 98. His death was announced on Thursday morning by the CTC Group, the conglomerate he founded and led for decades....

21. Supreme court awards quarry worker €95,000 for severe injuries in machinery accident

A Cyprus quarry worker who suffered a shattered shoulder and underwent three major surgeries after a colleague accidentally turned on a conveyor belt has won a total of €95,000 in damages following a successful Supreme Court appeal....

22. Alan Greenspan, the ''Maestro''

Alan Greenspan's tenure as head of the Federal Reserve became known as the "Great Moderation". This era was more than enough to earn the American economist the nickname "Maestro."...

23. Licensing chaos in tourism, 55% of accommodations without a license

The issue of licensing Cyprus hotels, which is a long-standing problem, casts shadows over the legality and credibility of the Cypriot tourism product, as it poses risks related to the country's reputation and visitor safety, as the Audit Office points out in a report....

24. Lidl Cyprus introduces Lidl Pay

Leading the way in modern retail transformation, Lidl Cyprus announces the official launch of the new, innovative Lidl Pay service in the Cypriot market....

25. Business lending loses momentum because of the Middle East conflict

Bank lending in Cyprus had been on a strong upward trend for the past year and a half, but the war involving the United States, Israel, and Iran brought that pace to a stop. As a result, forecasts of slower credit growth were confirmed in March, even though Cyprus continues to perform well economically....

26. New Leadership at PwC Cyprus

Andreas Yiasemides assumes the role of CEO of PwC Cyprus as of 1 July 2026, following his election by the firm’s Partners in December 2025 for a four-year term....

27. Drug manufacturer recalls batches of Remethan arthritis pills over quality control issues

Pharmaceutical manufacturer Remedica Limited has initiated a voluntary recall of specific batches of its prescription drug Remethan 100mg prolonged-release tablets. ...

28. From chatbots to co-workers

AI is no longer a productivity tool. For the small group of organisations that have done the work, it has become the single largest source of operating leverage on their P&L....

29. Cyprus picks up investment momentum

Cyprus is maintaining a strong grip on investment interest, primarily due to its strategic geographic location, its well-developed professional services sector, and the attractive business environment it has built....

30. Cyprus climbs the global competitiveness rankings

Cyprus' economy is showing encouraging progress in competitiveness, ranking 42nd out of 70 economies in this year's IMD World Competitiveness Yearbook. The country improved by two places compared with last year, climbing from 44th in 2025....