Alpha Bank outlines growth strategy for Cyprus expansion
Alpha Bank’s senior leadership met with state officials and key business figures in Cyprus this week, in order to outline its growth strategy and expansion plans.
According to an ...
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€1 million in RIF funding available for Cypriot businesses
The Research and Innovation Foundation (RIF) on Wednesday announced that the submission process for two key funding programmes is currently underway.
According to the announcement, the two programmes “aim at ...
Cyprus-based developer sees game surpass 5 million players
Popular mobile strategy RPG Ludus: Merge Arena has surpassed five million players worldwide and is generating nearly $3 million in monthly revenue, according to an announcement released on Wednesday.
The game ...
Cyprus building permits drop 25.6 per cent in October 2024
The number of building permits issued in Cyprus during October 2024 fell to 470, marking a 25.6 per cent decline compared to the 632 permits issued in October 2023, according to data released by the ...
Hellenic Bank reduces loan rates after ECB rate cut
Hellenic Bank on Tuesday announced that the reference rate for loans linked to the European Central Bank’s (ECB) base rate will be reduced by 0.25 per cent, from 2.90 per cent ...
Cyprus capital markets brace for major regulatory updates
The Cyprus Securities and Exchange Commission (CySEC) on Tuesday outlined its key regulatory actions and market oversight efforts during a press conference in Nicosia.
The commission’s presentation focused on ...
Aegean reports 9 per cent passenger growth, announces new routes
Aegean Airlines on Tuesday reported a strong start to 2025, carrying 1.9 million passengers in the first two months of the year, marking a 9 per cent increase compared to the same period ...
Experts urge swift tax reform to boost Cyprus’ economic resilience
The 8th Cyprus International Tax Conference kicked off on Tuesday morning with discussions centred on the country’s tax system reform, the digitalisation of tax administration, and the need to ...
Keve to host roundtable on gender gap in long-term care
The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday announced the first roundtable discussion under the framework of the CareDivide Project.
The project focuses on integrating work-life balance solutions ...
Bank of Cyprus named top foreign exchange bank
The Bank of Cyprus on Tuesday announced that it has been ranked among the world’s best foreign exchange banks for 2025 by Global Finance magazine’s Gordon Platt Foreign Exchange ...
Investor secures 87.85 per cent of Rodon hotel’s parent company
Hong Kong investor Balram Chainrai has increased his stake in Agros Development Company ‘Proodos’ Public Ltd to 87.85 per cent, the owner of Rodon Hotel, following the successful completion of his ...
Housing Finance Corporation to sell €57m in non-performing loans
The Cyprus Housing Finance Corporation (HFC) is set to proceed with the sale of non-performing loans (NPLs) worth €57 million from its total portfolio of €270 million, according to statements made before ...
Cyprus government surplus reaches €566.9 million in January 2025
Cyprus’ general government surplus for January 2025 stood at €566.9 million, equivalent to 1.6 per cent of GDP, according to preliminary data released on Monday by the state statistical service.
This represents an ...
RIF launches €2 million fast track programme for Cypriot businesses
The Research and Innovation Foundation (RIF) on Monday announced a new call for proposals under its Fast Track Innovation programme.
According to the announcement, the programme aims to support existing ...
CSE highlights 73 per cent female workforce in gender equality push
The Cyprus Stock Exchange (CSE) has reaffirmed its commitment to gender equality in the workplace, announcing that women constitute 73 per cent of its workforce, with 50 per cent holding managerial positions.
...
Europe moves to lower energy prices with 2025 action plan
The European Union has taken a significant step towards ensuring affordable, efficient, and clean energy for its citizens through its newly announced Action Plan for Affordable Energy.
The plan, revealed ...
Cyprus Business Now: real estate, Eurobank, German tourists, AI investment
Eurobank Cyprus on Friday announced that it posted a net profit after tax of €214 million in 2024, marking a €14.6 million increase from the previous year, corresponding to a rise of 7.3 per ...
Eurobank Cyprus posts €214m profit in 2024 — up 7.3 per cent from 2023
Eurobank Cyprus on Friday announced that it posted a net profit after tax of €214 million in 2024, marking a €14.6 million increase from the previous year, corresponding to a rise of 7.3 per ...
US ambassador highlights key role of American investments in Cyprus
US Ambassador to Cyprus Julie Davis this week highlighted the crucial role of American investments in Cyprus’ economic development.
Speaking at an event at Neapolis University Paphos titled “USA – Cyprus: ...
Residential sales drive Cyprus’ high-end property market in January
The Cypriot real estate market saw significant activity in January 2025, with the 50 largest property transactions amounting to €30.1 million, according to real estate analytics firm Ask Wire.
The company on Friday ...
Fake CySEC representatives target investors
The Cyprus Securities and Exchange Commission (CySEC) on Friday issued a warning about a surge in fraudulent activities where individuals falsely claim to represent the regulatory body.
These scammers, posing ...
Cyprus transport and storage sector records growth in 2024
The turnover index for transport and storage in Cyprus increased by 1.6 per cent in 2024 compared to the previous year, according to a report released this week by the Cyprus Statistical ...
Cyprus industrial turnover index rises by 1.6 per cent in 2024
The industrial turnover index in Cyprus recorded a 1.6 per cent increase in 2024 compared to the previous year, according to a report released this week by the Cyprus Statistical Service.
In ...
Cyprus records 34 bounced cheques worth €42,493 in February
The value of bounced cheques remained at the same level as the previous month in February 2025, with an increase in the number of cheques issued, according to the Central Bank ...