Cyprus business news 2025

1. Economic Outlook and Growth:

• Tourism Sector: Tourism remains a cornerstone of the Cypriot economy.
  The performance of the tourism sector in 2025, including factors like visitor numbers and spending, will be a major indicator of economic health.  
• Financial Services: Cyprus has a significant financial services sector.
  Developments in this sector, including regulations and international trends, will be important for the overall economy.  
• Real Estate: The real estate sector is a significant part of the Cypriot economy.
  Trends in property prices and construction activity will be closely watched.  
• EU Funds: Cyprus benefits from EU funds, which contribute to economic growth and development.
  The effective use of these funds will be a factor in 2025.  

2. Key Sectors to Watch:

• Shipping: Cyprus has a well-established shipping industry.
  Global shipping trends and regulations will impact this sector.  
• Energy: Developments in the energy sector, including natural gas exploration and renewable energy, are important for Cyprus's economic future.
• Technology and Innovation: There's a growing focus on developing the technology and innovation sector in Cyprus.  

3. Challenges and Opportunities:

• Geopolitical Factors: Cyprus's location in the Eastern Mediterranean means it can be influenced by regional geopolitical factors.  
• Inflation: Managing inflation will be a key issue for businesses and policymakers.
• Labor Market: The availability of skilled labor and any changes to labor laws will be relevant for businesses.

4. Government Policies and Reforms:

• Economic Policies: The government's economic policies, including fiscal measures and any tax reforms, will be important for businesses.
  Keep an eye on any announcements regarding investment incentives or changes to regulations in key sectors.  
• EU Regulations: As an EU member, Cyprus is subject to EU regulations, which can impact businesses.

5. Sustainability and Green Initiatives:

• Environmental Focus: There is a growing emphasis on sustainability and green initiatives in Cyprus, which could create opportunities for businesses in related sectors
  
  
  

  Doing Business in Cyprus 2023

  July 2023
  A recent information and networking event for the Startups4Peace programme was held at the CYENS Excellence Centre, offering Greek Cypriot and Turkish Cypriot individuals the chance to develop their business ideas and gain essential resources to establish their ventures.
  
  

  Cyprus U.S. FATCA Agreement

  January 2015
  Cyprus and the U.S. signed on December 2, 2014 a IGA, inter government agreement.
  The signed IGA, applying the FATCA is aimed to force foreign finance institutes to report money owned by American citizens to the U.S. authorities.
  
  

  Cyprus Credit Rating Upgrade

  November 2013
  The credit rating agency S&P upgraded on November 29, 2013 Cyprus' sovereign debt rating by one step to B-.
  The agency added that its outlook for Cyprus' economy is stable.
  
  

  Cyprus 1.3% Inflation Rate

  April 2013
  According to a release by the Cyprus statistical office dated April 9, 2013 the inflation rate decreased in March 2013 to 1.3% compared to 1.8% in February 2013 and 3.5% in March 2012.
  
  
  
  

  Cyprus Credit Rating Downgrade

  March 2013
  S&P downgraded on March 21, 2013 Cyprus long term foreign currency credit rating from previous CCC+ down to CCC with a negative outlook.
  
  

  Cyprus Credit Rating Downgrade

  June 2012
  Fitch credit rating agency downgraded on June 25, 2012 Cyprus credit rating to "junk", from previous BBB to BB+.
  By lowering the credit rating to "junk" Fitch joins the other credit rating agencies S& P and Moody's.
  
  

  Cyprus Inflation February 2012

  March 2012
  The statistical service of Cyprus announced on March 6 2012 that the inflation, HICP, in February amounted to 3.1%, remaining the same as on January 2012 and February 2011.
  
  
  
  

  Cyprus Credit Rating Downgrade

  August 2011
  The Fitch credit rating agency downgraded on August 10 Cyprus's long term currency rating by two notches to BBB with a negative outlook.
  The downgrade reflects fears the Cyprus would not be able to raise funds in the free markets to refinance the Cypriot debt.
  
  

  Cyprus's Huge Gas Reserves Potential

  February 2011
  According to the Cypriot newspaper Fileleftheros the French oil and gas institute Beicip revealed potential huge 12 gas fields in the informal boundaries between Cyprus and Greece, south west of Paphos.
  Two ships chartered by Noble Energy are researching the seabed for potential gas and oil fields.
  The researched seabed is located close to the newly found Israeli gas reserve, the Liviathan.