Cyprus Business Highlights: Top Stories You Can't Miss!
Discover the week's top business news in Cyprus, from the Chief Scientist's visit to exciting new developments in financial literacy education.
The world of business in Cyprus never stands still. From groundbreaking announcements to strategic investments, let’s explore the key stories that shaped the week in the business sector of this Mediterranean gem.
Advancing Neuromodulation and AI
In a significant stride toward innovation, Chief Scientist Demetris Skourides recently visited the SOZO Brain Center in Cyprus, reviewing cutting-edge research in neuromodulation. This visit marks a commitment to enhancing Cyprus’ research capabilities through international collaborations, strengthening the nation’s position in AI-enabled medicine.
New Legislation for Co-owned Buildings
Lawmakers in Cyprus are rushing to finalize a long-awaited bill on the management of co-owned buildings. This legislation is crucial as it affects thousands of apartment dwellers across the island. The new rules promise smoother administration, benefiting the owners of over 200,000 units in Cyprus.
BlackRock’s Strategic Stake in Freedom Holding Corp.
In a decisive move, BlackRock has increased its ownership in Freedom Holding Corp., becoming the second-largest shareholder. This represents a strategic investment worth about $89 million, placing BlackRock just behind the company’s founder Timur Turlov. As stated in Cyprus Mail, the acquisition reflects confidence in the firm’s global financial services and technology prospects.
Cyprus Strengthens FDI Screening
Aligning with European practices, Cyprus moves forward with new measures to screen foreign direct investments. This initiative aims to attract reliable investors, while ensuring strategic enterprises – both local and foreign – are duly protected under the new €2 million notification threshold.
Business Learning Through Storytelling
Exciting educational reforms are underway as Cyprus introduces financial literacy in primary schools starting September 2025. Innovative teaching materials, including a children’s fairy tale, promise to equip young Cypriots with essential money management skills, preparing them for a fiscally responsible future.
Revitalizing Cyprus’ Property Market
The property market in Cyprus continues its upward climb with a 13% increase in sales documents in the first eight months of 2025. While August saw a minor dip, Limassol leads the resurgence, indicating solid growth and prospects of market stability.
Boost for Tourism Revenue
Tourism continues to flourish in Cyprus, with revenue reaching new heights. The island saw a 9.6% increase in June 2025 over the previous year, as visitors, particularly from the United Kingdom, contributed significantly to this economic boon. Cyprus now boasts the highest growth rate among its Euro-Mediterranean peers.
As we turn the page on this week, Cyprus stands as a vibrant hub of innovation, strategic legislation, and promising economic growth. Whether it’s enhancing educational offerings or expanding international partnerships, the island nation proves that it’s a formidable player in the global business arena.
