Search

1. Consumer spending remains resilient despite the war

Consumer spending in Cyprus remains resilient despite market uncertainty fueled by inflation and the conflict in the Middle East. Cypriots took advantage of the clearances that started around the end of June, focusing their shopping primarily on clothing and footwear....

2. Cyprus joins ECB digital euro pilot programme

Cyprus will be among the 19 eurozone countries participating in the European Central Bank's first pilot programme for the digital euro, with testing expected to begin in the second half of 2027....

3. Alphamega Hypermarkets invest in people and the future of the butchery profession

Alphamega Hypermarkets recently held the graduation ceremony for the fourth graduating class of its Butchery Academy, reaffirming their long-standing commitment to investing in people, education and the development of professions that bring real value to the Cypriot market....

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

5. 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....

6. 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....

7. Alpha Bank Cyprus is strengthening its customer-centric model through a new strategic investment in digital transformation

Alpha Bank Cyprus is taking another significant step in its digital transformation journey, further strengthening its customer-centric operating model through a new strategic investment that upgrades the way it serves, communicates with, and responds to the needs of its Customers....

8. Cyprus records strongest retail sales growth in the EU

Cyprus recorded the strongest retail sales performance in the European Union in May, posting the fastest monthly and annual growth among member states, according to the latest figures released by Eurostat....

9. How to restore your TV signal after the digital switchover

Thousands of households across Cyprus lost access to local television stations on Monday following the country's official transition to the new DVB-T2 digital broadcasting standard. If your screen is currently blank, the Department of Electronic Communications has outlined the specific steps required to restore your television signal....

10. 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....

11. 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....

12. Cyprus ports authority unveils 415 million euro roadmap for Larnaca waterfront

The Cyprus Ports Authority has unveiled a €415 million roadmap to revamp the Larnaca port and marina, setting a course that stretches to 2045....

13. Frustration mounts as high-definition TV upgrade cuts off local channels

A major upgrade to the national television broadcasting system has left thousands of households across Cyprus facing blank screens and locked out of major networks....

14. 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....

15. Apple raises prices on MacBooks and iPads (see prices)

Apple has raised prices across a range of its popular devices, in a move that could eventually be felt by consumers in Cyprus as well, especially those planning to upgrade their laptops or tablets....

16. Food prices continue to rise despite lower costs for fresh produce

Consumers faced further increases in the cost of several everyday grocery items in May, according to the latest Consumer Product Price Observatory published by the Consumer Protection Service....

17. Nicosia says it’s turning things around, but traffic and bills still bite

''During the first year, we simply kept quiet and worked,'' the Municipality of Nicosia said as it presented its two-year progress report, highlighting significant steps in financial recovery, organisational restructuring, and the development course of the capital....

18. €3 fee per item on online orders from outside the EU

Cypriots who regularly shop from online platforms like Temu, Shein, and other non-EU retailers may soon notice higher prices at checkout or delivery after the EU approved new customs rules affecting small parcels....

19. Evgenii Tiapkin: ‘There is no equivalent to the Freedom ecosystem in the EU’

Last Wednesday, 3 June, the President of Cyprus, Nikos Christodoulides, arrived in Kazakhstan at the invitation of President Kassym-Jomart Tokayev, accompanied by a delegation of officials and representatives of the national business community. The heads of state held bilateral talks. The talks then continued in an expanded format with the participation of delegations from both countries, and a bilateral business forum was held on the same day. ...

20. Cyprus sees one of Europe’s highest rates of illicit cigarette use

Cyprus ranked among the European countries with the highest share of illicit cigarette consumption in 2025, according to findings presented this week at a conference in Brussels focused on illegal trade and security challenges across Europe....

21. CySEC fines Limassol forex firms over missing risk warnings in CFD trading ads

Cyprus’ financial regulator has imposed fines and issued formal warnings to two Limassol-based forex companies after finding that they failed to properly display risk warnings in their marketing for high-risk trading products....

22. “Jump of the Year”: Armand Duplantis clears a 5.50-meter wall of Lidl products

A jump the world has never seen before: Pole vault world record holder Armand “Mondo” Duplantis mastered an extraordinary challenge in Stockholm, living up to the title “Jump of the Year”. Challenged by Lidl, the exceptional athlete and holder of 15 world records did not jump over a traditional bar, but over a 5.50-meter-high, 12-meter-wide, and 30-centimeter-deep wall of products, built from the discounter’s extensive own-brand assortment....

23. More Cypriots are finding work, but young people are still struggling to get hired

Finding a job in Cyprus may finally be getting a little easier, at least for many adults already in the workforce....

24. Timur Turlov presents Freedom case

On 26 May, Timur Turlov, CEO of Freedom Holding Corp., a parent company of Freedom24, addressed MBA students at Stanford University in California. The session marked the first academic case study at the Stanford Graduate School of Business (GSB) dedicated to the corporate strategy of a Central Asian company....

25. Tiger mosquitoes are back in Cyprus

Stagnant water in yards, drains, rooftops, and flower pots also creates ideal breeding conditions. He explains that preventive action is the key to limiting insect populations and protecting homes and businesses, especially during the summer months....

26. RICS Cyprus Property Price Index with KPMG in Cyprus announces results of 2026 Q1

KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for the first quarter of 2026....

27. Son of Mango founder questioned in businessman’s fatal fall in Spain

Spanish police have questioned the son of Isak Andic as part of an ongoing investigation into the death of the billionaire founder of the Mango fashion group, authorities said Tuesday....

28. Freight transport rises in Cyprus as trade and domestic movement pick up

Road freight transport in Cyprus increased in the final quarter of 2025, with both domestic and international cargo activity showing steady growth over the year, according to new figures released Friday by the Statistical Service of Cyprus....

29. Alphamega Hypermarkets and Slimstock join forces to redefine their supply chain planning

Alphamega Hypermarkets are proud to announce a strategic partnership with Slimstock, a leading provider of supply chain planning solutions. This partnership is part of the company’s ongoing growth and investment in advanced technologies designed to enhance operational efficiency and elevate the overall customer experience....

30. Labour inspections uncover undeclared workers in schools and shops across Cyprus

Labour inspectors uncovered 13 undeclared employees during targeted checks carried out in Cyprus’ education sector and retail trade, with authorities issuing administrative fines totaling €25,000....