Kyriacos Nicolaou

Hourly labour costs, which take into account the total cost incurred per hour, increased by 5.5 per cent in the third quarter of 2022, compared to the corresponding quarter of the previous ...

The Cypriot government generated a surplus of €651.4 million for the period between July and September 2022, compared to a surplus of €319.5 million in the corresponding period last year, according to a ...

The Central Bank of Cyprus (CBC) on Tuesday announced the launch of a new Innovation Hub in the field of financial technology (fintech), in an effort to encourage and support ...

The outgoing government will hand over an economy built on solid foundations, as well as a state apparatus ready to respond to any unforeseen crises, President Nicos Anastasiades said on ...

The Paphos Chamber of Commerce and Industry (Evep) on Monday vowed to provide training resources for SMEs and entrepreneurs, including both existing and future ones, as well as examples, best ...

Rating agency DBRS Morningstar this week said that Cyprus was one of only five countries whose credit rating it upgraded during 2022, a year marked by a plethora of challenges, all ...

Kassatly Group Holding, a major player in the regional beverage sector, said that it will move to the island by the end of next year Lebanese drinks giant Kassatly Group ...

Cyprus Airways on Monday announced that it registered a 406 per cent increase in flights in November of this year, compared to the same month of 2021. The company said that it ...

Organisations are looking to expand their industry ecosystems as the next phase of digital transformation, technology sector analysts International Data Corporation (IDC) said this week predicting the future of the ...

Limassol-based rating agency Capital Intelligence this week announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) of the Bank of Cyprus (BoC) to ‘BB’, from ‘BB-‘. In ...

The Bank of Cyprus was named Bank of the Year in Cyprus for 2022 by the international magazine ‘The Banker’. According to an announcement from the Bank of Cyprus, Panicos Nicolaou, ...

Cyprus’ GDP is estimated to have reached a growth rate of 5.8 per cent for 2022, according to a report released on Friday by the Central Bank of Cyprus (CBC). However, in ...

The board of directors of the state-owned Cyprus Asset Management Company (Kedipes) on Thursday announced that they have decided on a new payment to the state to the tune of €80 ...

Capital Intelligence Ratings (CI Ratings) this week announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) of Hellenic Bank (HB) to ‘BB’ from ‘BB-‘ and affirmed the ...

We visited Bakery Kafeneio on a slow-paced Sunday morning, taking advantage of a bright, nippy November day to combine a leisurely stroll through the Limassol city centre with a light ...

The Cypriot economy continued its slowdown in November, carrying on with the trend of the two previous months, according to a report by the University of Cyprus Economic Research Centre ...

The Cypriot banking system incurred losses after tax of €36 million, on a consolidated basis, in the first half of 2022, compared to profits of €22.54 million in the corresponding period of 2021, according ...

The Central Bank of Cyprus (CBC) announced this week that it successfully held a one-day event in which it sought to bolster financial literacy awareness among secondary education teachers. The ...

Cyprus Airways held a press conference on Wednesday in which it presented its strategic plan for the coming five years, with CEO Paul Sies recapping the airline’s achievements and ...

The Cyprus Federation of Business and Professional Women (BPW Cyprus) this week announced that it commemorated Women’s Entrepreneurship Day, observed on November 19 every year, by holding its fifth Mediterranean ...

The Paphos tourism board (Etap) this week announced that it has approved a higher budget for 2023, allowing it to implement a wider scope of actions and activities, in accordance with ...

Cyprus’ trade deficit reached €6.17 billion in the period between January and October 2022, amid a wave of price increases following the war in Ukraine, exceeding the deficit of 2021 as a whole, ...

Cypriot fintech Ask WiRE on Monday released its latest property market report, concerning the third quarter of 2022, during which time real estate prices continued to rise, with the Paphos district ...

Government employment in Cyprus experienced a 1 per cent increase year-on-year in November 2022, according to a report released on Monday by the Cyprus Statistical Service (Cystat). The increase has been primarily ...