Kyriacos Nicolaou

Cyprus’ Fiscal Council released its final 2024 report on Monday, delivering a comprehensive analysis of the nation’s economic trajectory. While acknowledging the country’s robust growth and fiscal prudence, the ...

Invest Cyprus on Monday announced the signing of a memorandum of understanding (MoU) with the Cyprus Space Exploration Organisation (CSEO). The agency, tasked with the purpose of driving foreign investment ...

Global spending on cloud infrastructure services climbed by 21 per cent during the third quarter of 2024, reaching $82 billion, according to technology industry analysts Canalys.  The surge was fuelled by heightened investments ...

Bank of Cyprus and Hellenic Bank on Friday announced a new raft of measures aimed at supporting vulnerable borrowers. The developments come after meetings at the presidential palace earlier in ...

Cyprus’ general government recorded a surplus of €867.5 million during the third quarter of 2024, according to preliminary data released on Friday by the state’s statistical service. This figure remains close ...

The Central Bank of Cyprus (CBC) on Friday said that it is assessing the capital needs of banks in light of escalating macroeconomic and geopolitical risks. Speaking during a briefing ...

The Central Bank of Cyprus (CBC) has revised its GDP growth forecast for 2024 upwards by 0.2 percentage points, now expecting growth of 3.7 per cent. The revision is attributed to stronger domestic ...

The Central Bank of Cyprus (CBC) on Friday announced the launch of a comprehensive licensing and supervisory strategy aimed at enhancing oversight and governance of electronic money institutions and payment ...

Cyprus’ adoption of the 15 per cent minimum tax for multinationals entails both challenges and opportunities, according to Stelios Violaris, Tax Advisory Services Partner at PwC Cyprus. Violaris also highlighted the ...

The workforce in Cyprus’ broader public sector totalled 73,137 employees in the third quarter of 2024, according to a report released this week by the Cyprus Statistical Service (Cystat). For the first ...

Invest Cyprus on Thursday announced that it has being re-elected to the board of the ANIMA Investment Network. Invest Cyprus CEO Marios Tannousis, stated that “our re-election to the ANIMA ...

Invest Cyprus on Thursday announced that it has being re-elected to the board of the ANIMA Investment Network. Launched in 2006 within the framework of the Barcelona Process-Euromed partnership, ANIMA has ...

The Construction Material Price Index in Cyprus reached 117.26 points in November 2024, with 2021 acting as the base year set at 100 points. This reflects a slight monthly increase of 0.07 per cent, the ...

The Harmonised Consumer Price Index (HCPI) in Cyprus increased by 2.2 per cent in November 2024, compared to the same month in 2023, according to the state’s statistical service. However, on a ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 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 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 ...

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’...