Cyprus Business News | Cyprus Mail

Cyprus and India see growth potential in renewables, trade and tourism

Kyriacos NicolaouOctober 22, 2021October 21, 2021

By Kyriacos NicolaouOctober 22, 2021October 21, 20210371

Cyprus and India reaffirmed the potential for further development and increased cooperation during the ninth Cyprus-India Intergovernmental Meeting on economic, scientific, technical and industrial partnerships...

Cyprus Business Now

Kyriacos NicolaouOctober 22, 2021October 21, 2021

By Kyriacos NicolaouOctober 22, 2021October 21, 20210207

According to the Cyprus Statistical Service (CyStat), Cyprus’ trade deficit rose to €3.165.7 million for the period between January and July 2021, marking an increase...

‘Cypriot students still want to come to the UK’

Kyriacos NicolaouOctober 21, 2021October 21, 2021

By Kyriacos NicolaouOctober 21, 2021October 21, 202101511

Although conditions are not as favourable at the moment, Cypriot university students are still attracted to the prospect of studying in the United Kingdom. “With...

Cyprus economic indicators stayed positive in September

Kyriacos NicolaouOctober 21, 2021October 21, 2021

By Kyriacos NicolaouOctober 21, 2021October 21, 20210246

Boosted by elevated business activity and the tourism sector, the Cypriot economy remains on a path of growth and recovery according to a report by...

Cyprus Business Now

Kyriacos NicolaouOctober 21, 2021October 21, 2021

By Kyriacos NicolaouOctober 21, 2021October 21, 20210440

American credit rating agency S&P has released a report affirming RCB Bank with a rating of “BB-” with a stable outlook. RCB Bank’s long and...

Fail whilst trying to change the world

CM Guest ColumnistOctober 20, 2021October 20, 2021

By CM Guest ColumnistOctober 20, 2021October 20, 20210128

We don’t celebrate failure properly. Someone who has failed is someone who has tried, quite unlike those who sit on the sidelines and criticise. Failure...

Cyprus Business Now

Kyriacos NicolaouOctober 20, 2021October 20, 2021

By Kyriacos NicolaouOctober 20, 2021October 20, 20210669

Cyprus’ residential property price indexes plateaued somewhat during the second quarter of 2021 according to data released by the Central Bank of Cyprus. The indexes...

Digital Transformation: the natural evolution in banking

CM Guest ColumnistOctober 19, 2021October 19, 2021

By CM Guest ColumnistOctober 19, 2021October 19, 20210240

Digitisation gives banks the opportunity to come out of the pandemic even stronger The Covid-19 pandemic has accelerated technological transformation for businesses operating in all...

Cyprus Chamber of Commerce: ‘significant reforms necessary to attract foreign companies’

Kyriacos NicolaouOctober 19, 2021October 18, 2021

By Kyriacos NicolaouOctober 19, 2021October 18, 20210760

The Cyprus Chamber of Commerce and Industry (CCCI), in collaboration with a number of economists, has prepared a study on the Cypriot economy and what...

Cyprus Business Now

Kyriacos NicolaouOctober 19, 2021October 18, 2021

By Kyriacos NicolaouOctober 19, 2021October 18, 20210555

The Federation of Environmental Organisations in Cyprus (Opok) has welcomed the launch of the government’s seven-year plan to help promote the circular economy in Cyprus,...

Price increases and socioeconomic repercussions

CM Guest ColumnistOctober 17, 2021October 15, 2021

By CM Guest ColumnistOctober 17, 2021October 15, 20210686

By Andreas Charalambous and Omiros Pissarides Following the prolonged period of subdued inflation, discussions are currently focusing on the evolution of prices, given their serious...

Measuring the informal economy: one guesstimate is as good as another

CM Guest ColumnistOctober 16, 2021October 17, 2021

By CM Guest ColumnistOctober 16, 2021October 17, 20210940

By George M. Georgiou According to Eurostat’s data browser, Cyprus’ real per capita GDP in 2020 was €23.050, which is about 87 per cent of...

Startups shine at Reflect Festival

Kyriacos NicolaouOctober 16, 2021October 18, 2021

By Kyriacos NicolaouOctober 16, 2021October 18, 20210578

Aspiring unicorn ventures, meaning startup companies reaching a valuation of $1 billion, took centre stage on the second day of the Reflect Festival in Limassol....

Cyprus Business Now

Kyriacos NicolaouOctober 16, 2021October 15, 2021

By Kyriacos NicolaouOctober 16, 2021October 15, 202101513

Bank of Cyprus’ Director of Compliance Division Marios Skandalis said that the coronavirus pandemic has given businesses an opportunity to reshape their long-term strategies to...

New strategy launched to attract investors

George PsyllidesOctober 15, 2021October 15, 2021

By George PsyllidesOctober 15, 2021October 15, 202102851

The government on Friday presented its new strategy for attracting businesses to Cyprus with emphasis, among others, on high technology, shipping, innovation, and research and...

Technology will help shipping become greener and more efficient

Kyriacos NicolaouOctober 15, 2021October 14, 2021

By Kyriacos NicolaouOctober 15, 2021October 14, 20210300

Deputy Minister of Shipping Vasilis Demetriades stressed the importance of digital technology for the maritime sector during his speech at the CSN Cyprus Shipping ICT...

Cyprus Business Now

Kyriacos NicolaouOctober 15, 2021October 14, 2021

By Kyriacos NicolaouOctober 15, 2021October 14, 20210358

The Apollonion Private Hospital in Nicosia has officially been acquired by the American investment fund CVC Capital Partners. The signing of the contract and the...

Petrides says current inflation hike seen as transient

Staff ReporterOctober 14, 2021October 14, 2021

By Staff ReporterOctober 14, 2021October 14, 20210747

Finance Minister Constantinos Petrides voiced concern on Thursday over the risk to the economy from rising prices but said that inflation is currently viewed as...