Cyprus Business News: wages, Eurobank, tourism, personal data access, Demetra

Average monthly earnings in Cyprus continued to increase in the third quarter of 2025, with gross salaries rising by 4.3 per cent compared with the same period a year earlier, according to the Cyprus Statistical Service (Cystat).

The figures show that the average gross monthly earnings of employees reached €2,452 between July and September 2025, up from €2,352 recorded in the third quarter of 2024. 

As in previous quarters, the relatively high average is influenced by a small proportion of high earners, even though a large share of employees earn significantly less, highlighting persistent income disparities across the labour market. 

Seasonally adjusted data also point to a continued upward trend, with average earnings rising by 0.7 per cent compared with the second quarter of 2025. 

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Cyprus continues to project a positive image as a tourism destination, but “constant vigilance” remains necessary given the geopolitical volatility in the wider region, the general director of the Cyprus Hotel Association (Pasyxe), Christos Angelides, said.

Speaking to Entrepreneurial Limassol, a periodical published by the Limassol Chamber of Commerce and Industry (Evel), Angelides said Cyprus’ security, hospitality, natural wealth and cultural heritage are “excellent tools” that allow the country to offer “high-quality experiences” to a broad range of visitors.

Against this setting, he described 2024 as “a landmark year” for Cypriot tourism, with arrivals exceeding four million and tourism revenues recording a historic high.

At the same time, Angelides cautioned that “arrivals do not necessarily translate into hotel reservations”, noting that part of the visitor flow is directed to unlicensed accommodation or to the occupied areas.

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Eurobank on Wednesday announced that it renewed its cooperation agreement with the non-profit organisation Cyprus Seeds for a seventh consecutive year in January 2026, reaffirming its long-term commitment to innovation, scientific excellence and entrepreneurship in Cyprus.

The partnership aims to support the commercialisation of innovative scientific research produced by universities, research institutes and Centres of Excellence across the country.

Within this framework, Cyprus Seeds provides research teams with grants of up to €50,000, guidance from experienced international mentors, business training and networking opportunities with investors abroad.

Since its launch, the 18-month support programme of Cyprus Seeds has attracted applications from 23 universities, research centres and Centres of Excellence in Cyprus. In addition, the programme has supported 24 research teams to date.

Organisations that have received support include the University of Cyprus, the Cyprus University of Technology, the Cyprus Institute, the Cyprus Institute of Neurology and Genetics, the University of Nicosia and the Frederick Research Center.

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Cyprus continued to lag the European Union average in online data protection habits in 2025, according to a report released on Wednesday by Eurostat.

Specifically, 69.8 per cent of internet users in Cyprus took steps to manage access to their personal data during this time, compared with 76.9 per cent across the EU.

In the EU as a whole, a clear majority of users took active measures to protect their data, with 58.8 per cent opting out of the use of personal information for advertising purposes and 56.2 per cent limiting or denying access to their geographical location.

Both practices became more widespread over the past two years, rising by 4.5 and 5.4 percentage points respectively compared with 2023.

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The Enterprise Europe Network, whose Cyprus coordinator is the local chamber of commerce, facilitated a strategic networking event in Brussels earlier this month.

Titled CARE4BIO Brokerage Event, it sought to assist organisations and researchers in building consortiums for the Horizon Europe Cluster 6 funding calls.

In addition, the event focused on supporting companies and small to medium-sized enterprises in identifying suitable partners for high-impact research proposals.

The thematic focus of the session included food, bioeconomy, natural resources, agriculture, and the environment.

Although registration for onsite participation in the Belgian capital is now closed, the B2Match platform will remain open for online matchmaking following the physical event.

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The Cyprus Chamber of Commerce and Industry (Keve) has announced the publication of its latest electronic newsletter titled International Networking and Cooperation Opportunities.

This January 2026 edition features a selection of business proposals from abroad aimed at local enterprises looking to expand their global reach.

The primary objective of this publication is to present specific cooperation proposals that have been recently published in the database of the Enterprise Europe Network (EEN).

These listings are specifically seeking partners from Cyprus to facilitate the development of business and technological collaborations or the establishment of research partnerships.

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Demetra Holdings Plc announced on Wednesday that it repurchased 5,500 of its own shares at a price of €1.535 per share during that day’s trading session.

The transaction was carried out through the Cyprus Investment and Securities Corporation Ltd (CISCO), the company said.

Demetra Holdings Plc informed the investment community that the share buyback was executed in line with the regulations of the Cyprus Stock Exchange and the circulars issued by the Cyprus Securities and Exchange Commission.

What is more, the company explained that the repurchase formed part of its approved own share buyback programme.

Specifically, it mentioned that the transaction was based on an authorisation granted by the annual general meeting held on June 24, 2025.

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