Cyprus Business Now
During his speech at The Economist business conference on the Eastern Mediterranean held in New York this week, Constantinos Herodotou, the Governor of the Central Bank of Cyprus (CBC), emphasised ...
Articles
Invest Cyprus takes part in Economist Conference in New York
National investment promotion agency, commonly known as Invest Cyprus, on Thursday, announced that its vice chairman Spyros Vassiliou presented Cyprus’ investment attraction strategy at The Economist conference in New York.
...
Cyprus property market feels impact of high interest rates and construction costs
The value of properties sold in Cyprus during the second quarter of 2023 reached €1.52 billion, with the market showing signs of being impacted by the increase in interest rates, soaring inflation, ...
Cyprus Business Now
Employment in the government decreased by 2 per cent in June, mainly driven by the transfer of hourly-paid personnel from the Ministry of Health to the State Health Services Organisation (OKYPY), ...
Cyprus Shipping Chamber welcomes greenhouse gas decision
The Cyprus Shipping Chamber (CSC) this week released a statement welcoming the decisions taken at the 80th meeting of the Marine Environment Protection Committee (MEPC80) regarding the revised Greenhouse Gas ...
Cyprus trade deficit widens to €3.73 billion in first half of 2023
Cyprus’ trade deficit grew by €824 million in the first half of 2023, compared to the same period last year, reaching €3.73 billion, primarily due to a significant increase of 19.8 per cent in ...
Beer deliveries in Cyprus drop by 16.9 per cent in June 2023
Total beer deliveries in Cyprus experienced a significant decline of 16.9 per cent in June 2023, compared to June 2022, according to data released by the Statistical Service on Wednesday.
However, the increase ...
Cyprus plays major role in top-selling video game release
Kinx Gaming, an esports organisation headquartered in Nicosia, Cyprus, played a significant role in the successful launch of the AAA first-person shooter game, Atomic Heart.
The game was developed by ...
Cyprus Business Now
Vehicle registrations in Cyprus experienced a substantial increase of 24.4 per cent during the first half of 2023, compared to the corresponding period in 2022.
Additionally, registrations rose by 22.4 per cent in June 2023 ...
Casino resort hopes to usher in new tourism era
City of Dreams Mediterranean, Europe’s first integrated casino resort, officially opened its doors this week, with high hopes that it would usher in a new era for tourism.
The ...
Positive outlook for hotel occupancy in Paphos
The President of the Paphos Hoteliers’ Association Evripides Loizides this week expressed satisfaction with the outlook of the tourism sector in Paphos, saying that hotel occupancy rates in the district ...
Cyprus Business Now
The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced that it will be hosting a sustainable tourism conference on Wednesday, July 12, 2023, at 17:00.
The event, titled “A Journey towards ...
ANIMA Network and Invest Cyprus launch new innovation platform
National investment promotion agency Invest Cyprus on Monday announced that in the context of a forum taking place this week, it has joined forces with the ANIMA Network to launch ...
Key pillar of island’s economy
An interview with Polys Polydorou, Regional Manager, for Limassol and Paphos, Altia
Can you provide an overview of the real estate market in Paphos and Limassol? How has it evolved ...
Cyprus Business Now: weekly wrap-up
Here are the top business stories in Cyprus from the week starting July 3:
Cyprus’ tourism revenue reached €217.6 million in April 2023, compared to €185.1 million in the same month of the previous ...
Cyprus sees sharp increase in corporate loans in May 2023
New corporate loans exceeding €1 million experienced a significant surge, totalling €599.1 million, in May 2023, driving the total amount of all new loans to €1.07 billion, compared to €473.9 million in the previous month.
...
Cyprus Business Now
President Nikos Christodoulides this week underscored the government’s commitment to the shipping industry and praised the multifaceted work of the Cyprus Shipping Chamber (CSC) during a formal meeting held ...
Cyprus records lowest inflation rate in 25 months
Cyprus experienced a significant decline in inflation during June 2023, reaching its lowest level in the past 25 months, according to a report released this week.
The inflation rate was measured at 1.9 ...
Cyprus performs strongly in EU innovation index
The recently published European Innovation Scoreboard 2023 reveals that Cyprus has showcased robust innovation performance, positioning it as a strong innovator and above the European Union (EU) average.
The report emphasises ...
Cyprus sees Saudi Arabia as a potentially significant tourism market
Deputy Minister of Tourism Kostas Koumis described Saudi Arabia as a potentially significant tourism market for Cyprus.
The minister’s comments were made during his visit to Saudi Arabia this ...
Cyprus Business Now
The number of registered unemployed individuals in Cyprus in June 2023 reached its lowest level in the past 17 months, according to seasonally adjusted data released this week by the state’s ...
CYENS and Tepak to collaborate on research and innovation
The CYENS Centre of Excellence and the Cyprus University of Technology (Tepak) this week signed a cooperation agreement with the aim of further developing joint activities in the fields of ...
Cyprus house prices continue to rise for fifth consecutive quarter
The Housing Price Index (HPI) in Cyprus experienced a substantial increase of 5.9 per cent during the first quarter of 2023 compared to the same period in 2022, according to a recent preliminary ...
President stresses importance of foreign investment — Invest Cyprus praised for efforts
The annual International Investment Awards ceremony, which was organised by Invest Cyprus, was held with great success, according to an announcement released on Thursday by the agency.
Notably, the event ...