The Most Successful Business in Cyprus: A Ranking of High-Performing Enterprises

Choose the business you think is the most successful!

Author: Gregor Krambs
Updated on Apr 15, 2024 07:59
Discover the thriving world of Cyprus businesses and make your voice heard as we embark on a quest to unveil the most successful business in Cyprus! Here at StrawPoll, we've gathered the top contenders and invite you to join thousands of others in casting your vote or suggesting a hidden gem we might have missed. Immerse yourself in the fascinating stories of innovation, resilience, and success that define these businesses and help us determine the ultimate champion. Don't miss your chance to participate in this exciting ranking – dive in and explore the captivating landscape of Cypriot business excellence today!

What Is the Most Successful Business in Cyprus?

  1. 1
    Bank of Cyprus
    Petros3 · CC BY-SA 3.0
    The largest bank in Cyprus with over €16 billion in assets.
    Bank of Cyprus is one of the oldest and largest commercial banks in Cyprus. It provides a wide range of financial services to corporate and retail customers, both domestically and internationally. The bank operates through a network of branches and subsidiaries, offering services such as commercial banking, retail banking, wealth management, and investment banking.
    • Headquarters: Nicosia, Cyprus
    • Industry: Banking and Financial Services
    • Assets: Approximately 22 billion Euros (as of 2020)
    • Number of Employees: Around 4,200 (as of 2020)
    • Market Presence: Leading bank in Cyprus with a significant market share
  2. 2
    Hellenic Bank
    Andreas2009 · CC BY-SA 3.0
    A leading financial institution in Cyprus with over €5 billion in assets.
    Hellenic Bank is one of the most successful banks in Cyprus, providing a wide range of banking and financial services to individuals and businesses. It offers various products and solutions including personal banking, corporate banking, wealth management, and digital banking. With a strong presence in the Cypriot market, Hellenic Bank is known for its innovative approach, customer-centric focus, and commitment to excellence.
    • Established: 1976
    • Headquarters: Nicosia, Cyprus
    • Total Assets: Approximately €11 billion
    • Number of Branches: Approximately 60 branches
    • Number of Employees: Over 2,000 employees
  3. 3

    Petrolina Holdings

    Costakis Lysiotis
    A leading distributor of petroleum products and lubricants in Cyprus.
    Petrolina Holdings is a leading energy company in Cyprus, specializing in the distribution and marketing of petroleum products. It was established in 1953 and has since grown to become one of the most successful businesses in the country. With a strong presence in the market, Petrolina Holdings operates a wide network of petrol stations, serving both retail and commercial customers across Cyprus. The company's primary focus is on delivering high-quality products and services while ensuring efficiency and sustainability in its operations.
    • Year of establishment: 1953
    • Industry: Energy
    • Products: Petroleum products
    • Market presence: Leading in Cyprus
    • Retail presence: Wide network of petrol stations
  4. 4


    One of the largest beverage companies in Cyprus, producing soft drinks, juices, and water.
    KEO is a popular brewery and beverage company based in Cyprus. It is well-known for its production of various alcoholic and non-alcoholic beverages, including beer, wine, spirits, and soft drinks.
    • Established: 1951
    • Headquarters: Limassol, Cyprus
    • Industry: Beverage production
    • Product Range: Beer, wine, spirits, soft drinks
    • Key Brands: KEO Beer, KEO Wine, KEO Zivania
  5. 5
    The flagship airline of Cyprus, offering flights to various destinations in Europe and the Middle East.
    Cyprus Airways was the national airline of Cyprus. It operated as the flag carrier for the country from 1947 until 2015. The airline provided both domestic and international flights, connecting Cyprus with various destinations in Europe, the Middle East, and Africa. However, the company ceased operations in 2015 due to financial difficulties.
    • Year Established: 1947
    • Headquarters: Nicosia, Cyprus
    • Fleet Size: 9 (as of 2014)
    • Destinations: Over 20 (including both domestic and international)
    • Alliances: None
  6. 6
    The leading provider of telecommunications services in Cyprus, offering mobile, fixed, and broadband services.
    CTC-ARI is a leading telecommunications company in Cyprus that focuses on providing advanced communication services to both residential and business customers. With a strong network infrastructure and cutting-edge technology, CTC-ARI offers a comprehensive range of services including voice, data, internet, and television.
    • Network Coverage: Wide coverage across Cyprus
    • High Speed Internet: Offers fast and reliable internet connections
    • Advanced Voice Services: High-quality voice calls with innovative features
    • Business Solutions: Tailored solutions for businesses of all sizes
    • TV Services: Extensive range of TV channels and on-demand content
  7. 7

    JCC Payment Systems

    JCC Payment Systems
    A leading provider of electronic payment processing services in Cyprus.
    JCC Payment Systems is a leading payment service provider based in Cyprus. It offers a wide range of innovative and secure payment solutions for businesses of all sizes. The company enables online and offline merchants to accept various payment methods, including credit cards, debit cards, and alternative payment options. JCC Payment Systems strives to provide seamless and efficient payment processing services to enhance the customer experience.
    • Location: Cyprus
    • Established: 1989
    • Services: Payment processing, online and offline payment solutions
    • Accepted Payment Methods: Credit cards, debit cards, alternative payment options
    • Security Features: State-of-the-art fraud prevention tools, 3D Secure authentication
  8. 8

    Louis Group

    Costakis Loizou
    A tourism and hospitality company in Cyprus, operating hotels, resorts, and cruise ships.
    The Louis Group is a highly successful business conglomerate based in Cyprus. It operates in various industries such as tourism, hospitality, real estate, and energy. The group was founded by Costakis Loizou, who has played a vital role in its growth and development. With a diverse portfolio and a strong presence in the market, the Louis Group is considered one of the leading business entities in Cyprus.
    • Industry: Conglomerate
    • Headquarters: Cyprus
    • Founder: Costakis Loizou
    • Portfolio: Tourism, Hospitality, Real Estate, Energy
    • Market Presence: Strong
  9. 9
    A leading provider of ICT solutions and services in Cyprus and other countries in the Eastern Mediterranean region.
    Logicom is a leading technology provider in Cyprus that delivers innovative solutions and services to businesses, governments, and consumers. Established in 1986, Logicom has become one of the most successful businesses in Cyprus, specializing in the distribution and support of information technology products and services.
    • Years in operation: 35
    • Industry: Technology
    • Product Range: IT hardware, software, telecommunications, e-commerce, cloud services
    • Market Reach: Cyprus, Greece, Malta, UAE, Saudi Arabia, Jordan, Lebanon, Iraq
    • Partnerships: Strategic partnerships with leading global technology vendors
  10. 10

    Vassiliko Cement Works

    Vassiliko Group
    The largest cement producer in Cyprus, supplying cement and other building materials to the local and regional markets.
    Vassiliko Cement Works is one of the most successful businesses in Cyprus. It is a leading cement manufacturer and supplier in the country, with a strong presence in both the local and international markets. The company operates a state-of-the-art cement plant located near the town of Mari in Cyprus.
    • Year Established: 1963
    • Production Capacity: 3 million tons of cement per year
    • Market Presence: Local and international
    • Product Range: Various types of cement, including Portland cement, Portland limestone cement, and special purpose cement
    • Sustainable Practices: Committed to environmental sustainability and energy efficiency

Missing your favorite business?


Ranking factors for successful business

  1. Revenue
    The amount of revenue a business generates is a key indicator of its success. The higher the revenue, the more successful the business is likely to be.
  2. Profitability
    A business that is profitable is also more likely to be successful. Profitability takes into account a company's revenue minus expenses, such as salaries and rent.
  3. Market share
    The percentage of the market a business occupies can be a good indicator of its success. A high market share typically shows that a business is doing well compared to its competitors.
  4. Brand reputation
    A strong brand can help to attract customers and differentiate a business from its competitors. A positive brand reputation is often associated with successful businesses.
  5. Employee satisfaction
    The happiness and satisfaction of employees can also be an indicator of business success. If employees are happy and engaged, they are more likely to be productive and contribute to the success of the business.
  6. Customer satisfaction
    The satisfaction of customers is also crucial for business success. If customers are satisfied with a company's products or services, they are more likely to remain loyal and recommend the business to others.

About this ranking

This is a community-based ranking of the most successful business in Cyprus. We do our best to provide fair voting, but it is not intended to be exhaustive. So if you notice something or business is missing, feel free to help improve the ranking!


  • 191 votes
  • 10 ranked items

Voting Rules

A participant may cast an up or down vote for each business once every 24 hours. The rank of each business is then calculated from the weighted sum of all up and down votes.

More information on most successful business in cyprus

Cyprus, a beautiful island country in the Eastern Mediterranean, has a thriving business scene. With a strategic location and a favorable tax system, Cyprus has become a hub for international businesses. The country's economy is diversified, with industries ranging from tourism to finance. Cyprus is also known for its robust shipping industry, which has been a major contributor to the country's economic growth. In recent years, the technology sector has been on the rise in Cyprus, with many startups and established companies setting up shop on the island. With a dynamic and innovative business environment, it's no wonder that many successful businesses have found a home in Cyprus.

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