Cyprus revises start-up visa scheme
The Cabinet on Wednesday approved a revised start-up visa, according to Deputy Minister of Research, Innovation, and Digital Policy Nicodemos Damianou.
Damianou said that the revisions aim to make the ...
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Cyprus’ fintech sector grows as firm expands to Nicosia
Online broker Deriv this week announced the expansion of the company’s Cyprus-based operations to Nicosia.
Deriv, which opened its first Cyprus office in Limassol four years ago, said that ...
New partnership promotes sustainability in Cyprus tourism
The Paralimni-Deryneia Municipality has joined forces with the Cyprus Sustainable Tourism Initiative (CSTI) to promote sustainable practices in the tourism sector.
According to an announcement released this week, this partnership ...
Cyprus Stock Exchange launches market maker framework
The Cyprus Stock Exchange (CSE) announced on Wednesday the introduction of a market maker framework.
The new framework, the CSE explained, aims at “enhancing the liquidity of listed securities and ...
Cyprus-Uzbekistan business association launched
The Cyprus Chamber of Commerce and Industry (Keve) this week announced the creation of the Cyprus-Uzbekistan Business Association.
The chamber stated that the new association is part of its “continuous ...
Cyprus Business Now: airport expansion, Keve statement, Limassol port
The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday called on Cypriot banks to reduce loan interest rates and associated charges, following recent developments in the financial sector.
Keve’...
Swedish businessman awards €20,000 in scholarships to Cyprus students
Swedish businessman and philanthropist Sievert Larsson has awarded scholarships totalling €20,000 to students at the Cyprus University of Technology (Tepak).
According to an announcement released on Tuesday, the scholarships, each worth €1,000, ...
Limassol port to handle 17,000 vehicles in major deal
Limassol port manager DP World Limassol on Tuesday announced that it has secured a major vehicle transhipment deal, describing it as “a significant milestone” for the multipurpose terminal.
“This is ...
Keve calls on Cypriot banks to lower borrowing costs
The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday called on Cypriot banks to reduce loan interest rates and associated charges, following recent developments in the financial sector.
Keve’...
Local authorities partner with Invest Cyprus to boost FDI
Invest Cyprus on Monday announced the launch of a series of strategic meetings with regional and local authorities aimed at mapping and promoting investment projects that are open to foreign ...
Cyprus Business Now: Limassol budget share, CySEC, interest rates, rural tourism
The Central Bank of Cyprus (CBC) on Monday released its late report on interest rates across all monetary financial institutions (MFIs) for the month of October.
According to the CBC, ...
Cyprus outpaced Eurozone in housing loan costs in October
The Central Bank of Cyprus (CBC) on Monday released its late report on interest rates across all monetary financial institutions (MFIs) for the month of October.
The report showed fluctuations ...
CySEC details fees and reporting obligations under MiCAR
The Cyprus Securities and Exchange Commission (CySEC) on Monday published a policy statement detailing the fees payable and the information required under the European Regulation on markets in crypto-assets (MiCAR).
...
Hellenic Bank cuts rate for ECB-linked loans — 6,000 borrowers to benefit
Hellenic Bank on Monday announced a reduction in its reference rate for loans linked to the European Central Bank’s (ECB) base rate.
Effective from December 18, 2024, the rate will decrease ...
Cyprus labour costs and job vacancies up in third quarter
Labour costs and job vacancies in Cyprus experienced significant increases in the third quarter of 2024, according to a report released by the state’s statistical service on Monday.
According to ...
€3 million for Cyprus hotels in rural areas
The Commissioner of State Aid Control Stella Michaelidou on Monday approved a €3 million grant scheme to boost rural tourism.
Specifically, the scheme seeks to provide support for the renovation or ...
Hellenic Bank’s credit rating upgraded to BBB-
Capital Intelligence Ratings has upgraded Hellenic Bank’s foreign currency long-term rating to “BBB-” from “BB”, citing significant improvements in financial stability and capitalisation.
This took place on the same ...
CyRIC and bialoom participate in €32 million project
CyRIC and bialoom, two Cypriot organisations, are contributing to the PhotonMed project, a major initiative in healthcare innovation, according to an official announcement.
PhotonMed is a €32 million international project aimed ...
Keve names former Pasyxe head as new secretary general
The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced the appointment of Philokypros Rousounides as its new secretary general.
The chamber said that Rousounides will assume his duties ...
Cyprus Business Now: BoC rate decrease, Fin Min statements, president address
The Bank of Cyprus on Friday announced that it has “swiftly reacted to the European Central Bank’s (ECB) latest decision to cut interest rates,” announcing a reduction in the ...
Cyprus’ leap into sustainable construction
All new buildings across the European Union must achieve zero emissions by 2030, while public buildings face an even tighter deadline of 2028.
This ambitious plan forms part of the EU’s ...
Over 800 Cypriot students participate in financial literacy programme
More than 800 students from schools across Cyprus participated in a series of lectures and talks organised by the Cyprus Securities and Exchange Commission (CySEC), aimed at enhancing financial literacy among ...
Bank of Cyprus reduces loan interest rates by 0.25 per cent
The Bank of Cyprus on Friday announced that it has “swiftly reacted to the European Central Bank’s (ECB) latest decision to cut interest rates,” announcing a reduction in the ...
Thriving businesses good for everyone, says Christodoulides
President Nikos Christodoulides presented a roadmap for economic growth and resilience during his address at the Cyprus Chamber of Commerce and Industry (Keve) annual general meeting in Nicosia on Thursday ...