S&P upgrades Freedom Holding units amid robust growth
S&P Global Ratings has upgraded the long-term issuer credit rating of Freedom Finance Europe Ltd., which operates under the Freedom24 brand, from ‘B’ to ‘B+’.
According to the ...
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Cyprus Business Now: developers association, Keve AGM, economy update
President Nikos Christodoulides on Thursday reiterated the government’s commitment to bolstering Cyprus’ construction and real estate sectors.
Christodoulides’ comments were delivered during his speech at the annual general assembly ...
Keve calls for ‘bold decisions and substantive measures’ to sustain growth
The Cyprus Chamber of Commerce & Industry (Keve) on Thursday called for “bold decisions and substantive measures across nearly all sectors of the economy to sustain the country’s developmental ...
Construction sector is the engine of Cyprus’ economy, says president
President Nikos Christodoulides on Thursday reiterated the government’s commitment to bolstering Cyprus’ construction and real estate sectors.
Christodoulides’ comments were delivered during his speech at the annual general assembly ...
CSE suspends trading of Hellenic Bank bonds ahead of buyback
The Cyprus Stock Exchange (CSE) has announced the suspension of trading for Hellenic Bank’s Tier 1 and Tier 2 Convertible Capital Securities, effective from Thursday, December 19, 2024.
This decision follows Hellenic Bank’...
Cyprus Business Now: tax agreement, reputation campaign, housing loan subsidy
The Cypriot government on Wednesday provided an update on its strategic campaign to improve the country’s reputation on the global stage.
This effort is being spearheaded by Invest Cyprus ...
Cyprus government employment rises to 55,243 in November
Government employment in Cyprus reached 55,243 people in November, according to the latest data from the state’s statistical service.
This represents an increase compared to the average government workforce of 54,229 ...
Cyprus and Oman sign double tax treaty
The Finance Ministry on Wednesday announced that the Republic of Cyprus and the Sultanate of Oman have signed a double tax treaty.
According to the ministry, the treaty, which was ...
Cyprus estate agents welcome amendment to property valuations interval
Cyprus’ parliament this week approved a new law extending the interval for general property valuations from three to five years.
The change aims to optimise resources and streamline operations within ...
Cyprus Business Now: interest rate cuts, trade deficit, EU budget
The Association of Cyprus Banks on Tuesday expressed its readiness to adjust interest rates tied to the European Central Bank’s (ECB) base rate immediately after the ECB’s forthcoming ...
Cyprus banks ready to adjust interest rates following ECB decision
The Association of Cyprus Banks on Tuesday expressed its readiness to adjust interest rates tied to the European Central Bank’s (ECB) base rate immediately after the ECB’s forthcoming ...
Cyprus cuts trade deficit by €1.18 billion
Cyprus saw its trade deficit shrink to €6.37 billion in January–October 2024, a significant reduction compared to €7.56 billion during the same period in 2023.
The improvement reflects a 12.3 per cent drop in ...
Paphos business chamber hosts Chinese commercial counsellor
The Paphos Chamber of Commerce and Industry (Evep) hosted a meeting on Friday with Liu Kai, the Commercial Counsellor of the Chinese Embassy in Cyprus, to explore potential collaborations between ...
CBC releases deadlines for instant payments compliance
The Central Bank of Cyprus (CBC) on Tuesday announced key deadlines for the implementation of the EU Instant Payments Regulation.
The EU’s Instant Payments Regulation is a new regulation ...
Building a more inclusive financial ecosystem
Founded by Kyrillos Akritidis and Murad Salikhov, Schwarzwald Capital is a Cyprus-based venture capital firm that has a distinct focus on fintech and the creator economy.
Akritidis spoke to the ...
E-commerce complaints dominate ECC Cyprus reports in 2023
The European Consumer Centre (ECC) Cyprus achieved a consumer satisfaction rate of 94.44 per cent for its case-handling services in 2023, according to its annual report.
The majority of complaints (54 per cent) ...
Cyprus Business Now: Famagusta tourism, property market, financial compliance
The Famagusta regional tourism board (Etap) recently held a meeting with representatives of EasyJet Holidays, the holiday division of the low-cost airline, it was announced on Monday.
The meeting, which ...
Electric cars rise to 4 per cent of Cyprus’ new vehicle registrations
Motor vehicle registrations in Cyprus rose by 10.1 per cent from January to November 2024, with the growing popularity of electric and hybrid vehicles driving the market shift.
According to the statistical ...
Famagusta officials discuss extending tourist season with EasyJet
The Famagusta regional tourism board (Etap) recently held a meeting with representatives of EasyJet Holidays, the holiday division of the low-cost airline, it was announced on Monday.
The meeting, which ...
Keve president to address economic challenges and opportunities at AGM
Cyprus Chamber of Commerce & Industry (Keve) president Stavros Stavrou is set to deliver a speech addressing key economic and business issues at the chamber’s annual general meeting on ...
Antony Barnett: Navigating risk and wealth creation
Antony Barnett, Chief Executive Officer of Limassol-based Network Financial Services (NFS), is no stranger to the delicate balancing act of financial planning.
With a career that spans years of experience, ...
Cyprus Business Now: BoC measures, employment figures, support schemes
The Bank of Cyprus on Friday outlined a range of initiatives designed to ease the financial strain on customers in the face of market interest rate volatility.
In its announcement, ...
‘Healthy optimism about Cyprus as investment destination’, forum shows
EY Cyprus on Friday announced that its recently held forum highlighted the international investment community’s view of Cyprus’ investment appeal.
The EY Attractiveness Forum also addressed key economic challenges ...
Cyprus beer deliveries drop by a third in November
Total beer deliveries in Cyprus saw a significant decline of 33 per cent in November, compared to the same period last year, according to the state’s statistical service.
The total ...