EDITION
HOT SELLER THIS WEEK
- On 6 November, Cyprus and Vietnam explored cooperation in higher education, research, innovation and technology at a business forum in Nicosia. Universities, training providers and research organisations can explore joint programmes and knowledge exchange. HPC can support institutional introductions and partnership development.
- On 2 November, Cyprus confirmed progress on its €25 million payment to Greece’s ADMIE for the Great Sea Interconnector, designed to link Cyprus with the European electricity network. Renewable-energy developers, cable suppliers and engineering firms can contact HPC for sourcing and partnership opportunities.
- On 5 November, Bank of Cyprus reported €383 million in after-tax profit for the first nine months of 2026, with loans reaching €11.6 billion and deposits €23.5 billion. Financial advisers, fintech providers and investment firms can contact HPC for business introductions and market research.
- On 2 November, the Association of Large Investment Projects said its 16 members oversee developments valued at more than €8 billion, including marinas, universities, medical centres and tourism complexes. Construction firms and investors can explore opportunities, while HPC can support partner identification and commercial introductions.
- A public tender published on 4 November seeks patient vital-sign monitoring screens for the needs of state hospitals. The procurement creates a potential opportunity for medical-device manufacturers, distributors and maintenance providers. HPC can assist with supplier sourcing and tender-related business connections.
- On 2 November, the Shipping Deputy Ministry reported that 119 vessels representing over 2.4 million gross tonnes had joined the Cyprus Ship Registry since the start of 2026. Maritime recruitment, crew training and specialist HR providers can explore demand. HPC can facilitate industry introductions.
- Figures reported during the week showed industrial turnover increased by 5.6% in August 2026. This provides a positive market indicator for manufacturers and suppliers of industrial equipment, components and materials. HPC can help businesses identify local distributors and commercial partners.
- On 5 November, reporting highlighted progress on the Cronos offshore gas field, estimated to contain around 3 trillion cubic feet of gas, with production targeted for the first half of 2028. Subsea contractors, pipeline suppliers and engineering firms can contact HPC for sourcing and partnership support.
- On 5 November, Bank of Cyprus reported a 20.6% Common Equity Tier 1 capital ratio and a 1.0% non-performing loan ratio for September 2026. Banks and financial businesses can review risk-management and compliance requirements. HPC can connect companies with relevant professional advisers.
- On 2 November, the Association of Large Investment Projects highlighted a combined portfolio exceeding €8 billion across 16 members. The projects cover property, tourism, education, healthcare and technology. Investors, corporate advisers and developers can contact HPC for strategic introductions and partnership research.
- On 3 November, reported figures showed tourism receipts reached €2.32 billion from January to August 2026, down 6.2% year-on-year, while September arrivals reached a record 580,889. Tourism analysts and hospitality consultants can explore demand for market research. HPC can support research-provider sourcing.
- On 6 November, the Cyprus–Vietnam forum brought together business organisations, government representatives and research institutions to promote trade and investment. Marketing agencies, business communicators and event specialists can explore cross-border campaigns. HPC can help connect agencies with commercial partners.
- On 2 November, the Association of Large Investment Projects reported that its 16 members manage developments worth more than €8 billion, including marinas, golf courses, universities and tourism complexes. Developers, architects and construction suppliers can explore future demand. HPC can assist with supplier matching and introductions.
- On 6 November, a bilateral business forum in Nicosia highlighted opportunities in technology, renewable energy, shipping and research. Startups, technology accelerators and investors can use the growing business links to explore partnerships. HPC can support investor research and commercial introductions.
- A University of Cyprus procurement notice published on 5 November seeks disaster-recovery infrastructure services, with an estimated value of €275,000 and a deadline of 17 November. Cloud providers, cybersecurity firms and IT infrastructure specialists can explore the tender. HPC can assist with supplier identification.
- On 3 November, tourism reporting showed September arrivals reached 580,889, the highest figure ever recorded for that month, although January–September arrivals remained 5.6% below 2025. Hotels, airlines and tour operators can explore new campaigns and partnerships. HPC can support tourism supplier sourcing and commercial introductions.
Sector stories & insights.
On 6 November, Cyprus and Vietnam discussed cooperation in higher education, research, innovation and technology at a business forum in Nicosia. The discussions focused on building stronger institutional and commercial links.
Universities, research centres and training providers can explore joint programmes and knowledge exchange. HPC can support institutional introductions and partnership development.
On 2 November, Cyprus confirmed progress on its €25 million payment to Greece’s ADMIE for the Great Sea Interconnector, a project designed to connect Cyprus with the European electricity network.
Energy developers, cable manufacturers and engineering companies can explore supply-chain opportunities. HPC can assist with supplier sourcing and commercial introductions.
On 5 November, Bank of Cyprus reported profit after tax of €383 million for January–September 2026, up 9% year-on-year. Its return on tangible equity reached 18.9%.
Financial advisers, fintech providers and investment firms can explore opportunities in banking services. HPC can support market research and professional introductions.
On 6 November, President Nikos Christodoulides announced planned development projects worth €3.5 billion, expected to be approved by September 2027. The proposed funding includes €2.5 billion from European funds and €1 billion nationally.
Construction companies, consultants and infrastructure suppliers can prepare for future procurement. HPC can assist with tender research and partner identification.
Figures reported during the week showed social-protection expenditure in Cyprus reached approximately €6.59 billion in 2025, up 5.1% from 2024.
Care providers, healthcare suppliers and social-service organisations can explore opportunities in public-service delivery. HPC can help identify relevant suppliers and business partners.
On 4 November, figures showed 7,790 people registered as unemployed at the end of October, compared with 7,099 a year earlier. The increase was particularly linked to information and communication and professional services.
Recruitment agencies, staffing firms and workforce consultants can explore changing labour-market needs. HPC can support talent-sourcing partnerships and introductions.
On 5 November, reported statistics showed industrial turnover in Cyprus increased by 5.6% in August 2026. The figures provide a positive indicator for manufacturers and industrial suppliers.
Equipment distributors, raw-material suppliers and engineering companies can explore demand. HPC can assist with supplier matching and commercial introductions.
On 6 November, the President outlined approximately €75 million in planned development interventions across the Paphos district, within a wider national pipeline of €3.5 billion.
Road contractors, engineering firms and construction suppliers can prepare for future projects. HPC can support project research and relevant business connections.
On 3 November, the Central Bank of Cyprus confirmed a 1% systemic risk buffer for authorised credit institutions, effective from 31 December 2026. The measure aims to strengthen banking-sector resilience.
Banks, risk consultants and compliance advisers can review the new requirements. HPC can help connect financial institutions with relevant legal and regulatory specialists.
On 2 November, President Christodoulides announced plans to join a business mission to the United States later in November, citing increased interest from American companies in investing in Cyprus.
Corporate advisers, investors and business consultants can explore cross-border opportunities. HPC can support investor research and strategic business introductions.
On 3 November, reported statistics showed retail trade turnover increased by 10.4% in value and 7.7% in volume in September 2026. The data highlights activity in the consumer market.
Research agencies, data analysts and economic consultants can offer market insights to retailers and investors. HPC can assist with research-provider sourcing and business connections.
From 2–5 November, five Polish wedding planners visited Paphos to explore hotels, ceremony venues and local attractions. The initiative aims to strengthen the district’s position as a wedding and honeymoon destination.
Hotels, event companies and marketing agencies can explore international promotion opportunities. HPC can support agency sourcing and tourism-sector introductions.
A study reported on 8 November found that only 1.8% of advertised two- and three-bedroom apartments in Limassol were within an estimated €256,000 budget for an average-income household. The analysis covered 25,550 active property listings.
Developers, property consultants and housing analysts can use the findings to assess demand. HPC can support market research and introductions to real-estate partners.
On 5 November, the Deputy Minister of Research, Innovation and Digital Policy completed meetings at the Plug and Play Silicon Valley Summit to strengthen international links for Cyprus companies.
Startups, accelerators and venture investors can explore collaboration and market-entry opportunities. HPC can help identify potential investors and commercial partners.
A cybersecurity report discussed on 8 November revealed that a DDoS attack targeting a bank in Cyprus lasted 200 hours during Q3 2026. The incident highlights risks to financial services and digital operations.
Cybersecurity firms, cloud providers and IT consultants can explore demand for resilience solutions. HPC can support technology sourcing and professional introductions.
On 4 November, the Deputy Minister of Tourism said arrivals in 2026 had declined by 5.6% year-on-year, but the sector had performed better than expected. Early signals from the UK market indicated increased flight capacity for 2027.
Hotels, airlines and tour operators can explore new partnerships and visitor campaigns. HPC can assist with tourism supplier sourcing and commercial introductions.