Banking and Finance

Both deposit and lending interest rates in Cyprus recorded a decline in April 2025, according to data released this week by the Central Bank of Cyprus (CBC). At the same time, ...

Cyprus is no longer considered a country with macroeconomic imbalances, according to the European Commission’s 2025 Spring Package under the European Semester. This decision follows a sustained reduction in vulnerabilities ...

Deloitte Cyprus on Tuesday announced the appointment of two new partners, effective from June 1, 2025, marking an expansion of its leadership team. According to the announcement, Nicholas Theofilou has been promoted ...

The government is committed to implementing tax reform on January 1, 2026, and “this is something that cannot be changed,” President Nikos Christodoulides said on Tuesday. The president convened a meeting to ...

The Cyprus Stock Exchange (CSE) council on Tuesday released the Members’ Market Shares for May 2025, providing a detailed overview of trading activity by its members over the month. According to ...

Cyta secured four gold and one bronze award at the Cyprus Technology Awards 2024, earning recognition for projects that enhance digital accessibility, sustainability, and user experience across the country. The gold ...

Bank of Cyprus announced on Monday that its total issued share capital stood at 440,828,633 ordinary shares of nominal value €0.10 each as of  May 31, 2025, “with each ordinary share carrying one vote.” ...

The Research and Innovation Foundation (RIF) has launched two new funding calls, Seed and Innovate, targeted at boosting the growth of startups and supporting existing firms in scaling their products ...

Retail turnover in Cyprus rose by 6.3 per cent in April 2025, marking the fastest monthly increase so far this year, according to data published by the Statistical Service on Monday.Earlier ...

Marya Iartseva, art director at Nexters, an international game development company headquartered in Cyprus explores how artificial intelligence is reshaping game development, emphasisng where it succeeds, where it falls short, ...

Cyprus has taken a significant step in strengthening its regulatory framework for investment funds, following the House of Representatives’ approval of the Investment Fund Administrators Law. The move is being ...

Cyta secured four gold and one bronze award at the Cyprus Technology Awards 2024, earning recognition for projects that enhance digital accessibility, sustainability, and user experience across the country. The gold ...

As the global shipping industry braces for one of its most demanding decades yet, marked by accelerating decarbonisation, digital transformation and sweeping regulation, PwC sees not just disruption, but a ...

Here are the top business stories in Cyprus from the week starting May 26: Cyprus inaugurated its new Business Support Centre (BSC) on Monday, marking what the government described as a ...

The Daleela ferry resumed its Cyprus-Greece connection on Saturday, departing from Limassol for Piraeus in the first of 22 scheduled crossings this summer.Speaking at the new port of Limassol, Deputy ...

The Daleela ferry resumes its Cyprus-Greece connection on Saturday, departing from Limassol for Piraeus in the first of 22 scheduled crossings this summer. Now in its fourth consecutive season, the passenger ...

Total deposits in Cyprus recorded a net increase of €492.9 million in April 2025, compared to a net decrease of €66.3 million in March 2025, according to statistics published by the Central Bank of ...

Cyprus recorded a general government surplus of €646.8 million in the first four months of 2025, according to preliminary fiscal data published by the Cyprus Statistical Service (Cystat) on Friday. The surplus ...

Mining and quarrying recorded the strongest increase in output prices in April 2025, rising by 7.4 per cent year-on-year, while water supply and materials recovery saw the sharpest drop, down by 5.3 per ...

Cypriot maritime technology firm Tototheo Global was among the international companies participating in Asia Tech x Singapore 2025, one of the region’s leading technology events, held from May 27 to 29 at ...

Sony’s CEO said on Thursday the spin-off of the group’s financial services arm will give that business its own fundraising capabilities. “It is significant that, through the spin-off, ...

Cyprus’ industrial production index rose by 1.9 per cent in March 2025 compared with the same month last year, according to data released by the Cyprus Statistical Service (Cystat). The index reached 109.8 ...

The Daleela ferry resumes its Cyprus-Greece connection on Saturday, departing from Limassol for Piraeus in the first of 22 scheduled crossings this summer. Now in its fourth consecutive season, the passenger ...

Cyprus recorded €43.8 million in high-value property transactions in April 2025, marking a 52.8 per cent drop compared to March, according to real estate analytics firm Ask Wire. Based on Land Registry data ...