Cyprus Business Now
The Cyprus Statistical Service (Cystat) this week reported a significant increase in the weight of products transported by road within Cyprus, as well as to and from Cyprus, in 2022.
The ...
Articles
Sanctions on Cypriot firms leave employees without pay
The employees of two Cypriot firms which were recently sanctioned by the UK, on Thursday sent an open letter decrying the effects that the freezing of these companies’ accounts has ...
Tourism sector may be affected by a lack of capacity
The International Air Transport Association (IATA) this week reported a significant increase in air travel demand for March 2023, with total traffic rising 52.4 per cent compared to the same month in 2022.
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Cyprus Business Now
PwC Cyprus on Wednesday announced that it once again recognised the excellence of its trainee accountants, rewarding their significant distinctions in international exams by the Association of Chartered Certified Accountants (...
Hellenic Bank outlines vision for holistic transformation
Hellenic Bank on Wednesday released a statement summarising its presence at the annual Nicosia Economic Congress, which took place the day before, including its strategy and plans for the future.
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Cyprus Business Now
Alpha Bank Cyprus on Tuesday announced a new deposit interest rate for private accounts over €50,000 that reaches up to 2.10 per cent.
In their official announcement, the bank stated that private ...
Knowledge Transfer Office ready to accept applications
The Research and Innovation Foundation’s (IDEK) Central Knowledge Transfer Office (CKTO) this week announced that it has started officially accepting applications from interested parties.
“We encourage everyone who has ...
President praises Cyprus Shipping Chamber, pledges support to sector
President Nikos Christodoulides on Tuesday addressed the Cyprus Shipping Chamber’s annual general meeting, praising the association for its efforts in boosting the local maritime sector, and consequently elevating the ...
Cypriot banking sector resilient but must avoid complacency
Central Bank of Cyprus governor Constantinos Herodotou on Tuesday addressed the annual Nicosia Economic Congress, providing analysis and commentary on the country’s economy, both for the previous year, as ...
Road ahead is challenging but also presents opportunities, president says
President Nikos Christodoulides on Tuesday delivered the keynote speech at this year’s Nicosia Economic Congress, focusing on his administration’s commitment to economic progress and development, while also acknowledging ...
Cyprus offers opportunities for inexpensive holidays, says TUI boss
Sebastian Ebel, the Chief Executive Officer of TUI, a leading tourism company, this week declared that the era of inexpensive flights has come to an end, noting, however, that Cyprus ...
Paphos to have best flight schedule in 30 years — optimistic about tourism
Paphos is set to experience its best flight schedule in 30 years, according to Nasos Hadjigeorgiou, the head of the Paphos Regional Board of Tourism (Etap).
In statements made to the ...
Interest rates for house loans increase in March 2023
Interest rates for housing loans increased by 1.25 per cent in March 2023, compared to February 2023, according to the most recent data published by the Central Bank of Cyprus (CBC).
The rise ...
Cyprus Business Now
The number of bad checks registered in Cyprus in April 2023 rose to 35, according to an announcement released on Monday by the Central Bank of Cyprus (CBC).
The CBC’s data ...
Loan restructures lift new lending to €922.5 million in March 2023
New loans in Cyprus increased in March 2023, reaching a total of €922.5 million, up from €527.5 million in the previous month, according to data released by the Central Bank of Cyprus (CBC).
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Cyprus property sales hit €1.7 billion in first quarter of 2023
The value of real estate sold in Cyprus during the first quarter of 2023 reached €1.7 billion, according to a report released on Monday by the Department of Land and Surveys.
In ...
Cyprus Business Now: weekly wrap-up
Here are the top business stories in Cyprus from the week starting May 1:
Credit rating agency DBRS Morningstar has acknowledged that the Cyprus government announced that it aims to achieve ...
Cyprus focused on attracting new shipping companies
Deputy Ministry eager to continue green and digital transition efforts, engaged with EU on sanctions
With the implementation of the state’s action plan, combined with the quality services and ...
Consulting firm looks at how businesses can manage nature risks
The world’s ecosystems are under threat, and businesses are increasingly recognising that managing nature-related risks is essential for their long-term sustainability. However, understanding and managing these risks can be ...
Cyprus Business Now
The number of registered unemployed in Cyprus decreased in April 2023, compared to the same month last year, according to a report released this week by the Cyprus Statistical Service (Cystat).
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Cyprus aims for budget surpluses but risks remain
Economic outlook is optimistic, primarily driven by tourism and domestic activity
While Cypriot economic growth is expected to remain strong, driven by tourism and domestic investment, the fiscal outlook is ...
PwC Cyprus: Effective use of resources better than simple cost-cutting
Businesses across all industries are being advised to take action to control rising costs in the face of inflation, according to an analysis by PwC Cyprus’ Leonidas Stavropoulos and Nicos ...
Government posts €324.1 million surplus, highest in recent years
The Cypriot government posted a surplus of €324.1 million for the first quarter of 2023, according to the preliminary fiscal results released this week by the Cyprus Statistical Service (Cystat).
This figure ...
Cyprus Business Now
The performance of the Cypriot economy remains strong, despite a weakening of growth momentum in the last quarter of 2022, according to a report released this week by the Economics Research ...