Cyprus Business News

PwC Cyprus is announcing the launch of PwC’s Academy Business Professionals Certificate (BPC) this October. Developed in partnership with the Institute of Chartered Accountants in England and Wales (ICAEW), ...

Tech firms have warned that soaring rents for offices – higher in some cases than in London and Amsterdam – were threatening Cyprus’ ambition to become a tech hub. The rising cost ...

Here are the top business stories in Cyprus from the week starting September 30 The European Researchers’ Night, under the motto “Mission Possible,” drew thousands of visitors to the Cyprus State ...

The rate of inflation in Cyprus hit a three-year low of 0.7 per cent in September, mainly due to the fall in oil prices. According to the Cyprus Statistical Service (Cystat), ...

The Chief Scientist for Research, Innovation and Technology of Cyprus, Demetris Skourides, attended the 8th Annual Meeting of the European Forum for Medical Advancement (EFMA) in Limassol, Cyprus. In his ...

The number of bounced cheques dropped to a paltry 23 in September, with a total value of €72,185, according to the preliminary list issued by the Central Bank of Cyprus (CBC). Specifically, ...

A delegation of the Cyprus Chamber of Commerce and Industry (Keve) was in Qatar this week, to discuss a range of issues including energy, infrastructure, technology and tourism. Led by ...

Deloitte Cyprus has issued its 13th Transparency Report, covering the period from June 1, 2023 to May 31, 2024. This report presents the firm’s reflections on the 2024 financial year, offering valuable insights and ...

TEDxMolos Women 2024 made its mark on the local scene, taking place on September 26, at the authentic Plefsis Hall in Limassol’s Old Port. Much like the previous TEDxMolos event in ...

The rate of inflation hit a three-year low 0.7 per cent in September, mainly because of the fall in oil prices. According to the Cyprus Statistical Service (Cystat), the Consumer Price ...

The value and volume of turnover in Cyprus’ retail trade saw a notable increase in August 2024 compared to August 2023, according to the Cyprus Statistical Service (Cystat). Specifically, the retail trade ...

The Cyprus Shipping Chamber (CSC) has expressed its support for the innovative e-learning initiative, the ‘ICS Academy’,  launched by the International Chamber of Shipping (ICS) on Wednesday. ICS, which represents ...

Zubr Capital announces a new investment in Larixon Classifieds, with local developments spanning Cyprus, Mongolia, Tajikistan, Jamaica, Trinidad and Tobago. As part of its commitment to uplifting up-and-coming IT and ...

Cypriot banks raised mortgage rates in August while cutting interest on one-year deposits for households, according to data released by the Central Bank of Cyprus (CBC). Meanwhile, the total value ...

In recent years, Cyprus has been transforming itself from a popular tourist destination into a vibrant entrepreneurial hub. But what is driving this change, and why are so many startups ...

Bank of Cyprus has recently created the new Funding Amount Calculator, a tool that helps its clients make informed financial decisions regarding new borrowing. This is yet another action that ...

The Cyprus Asset Management Company (Kedipes) has extended its life cycle by three years, with the aim of repaying €3.54 billion in state aid by 2030. This extension followed delays caused by ...

The value and volume of turnover in Cyprus’ retail trade saw a notable increase in August 2024 compared to August 2023, according to the Cyprus Statistical Service (Cystat). According to the report, ...

Limassol led the way in Cyprus’ high-value real estate transactions in August 2024, contributing significantly to the total of €20.9 million in sales across the island, according to real estate analytics firm ...

Limassol led the way in Cyprus’ high-value real estate transactions in August 2024, contributing significantly to the total of €20.9 million in sales across the island, according to real estate analytics firm ...

Cyprus’ industrial producer prices index (PPI) for August 2024 reached 124.1 points (base 2021=100), marking a slight decrease of 0.1 per cent compared to July 2024, according to a report by the Cyprus Statistical Service (...

Cyprus’ tourism revenue reached €474 million in July 2024, marking a 4.3 per cent rise compared to €454.6 million in the same month the previous year, according to data from the Cyprus Statistical Service (...

The need for diverse voices in science, technology, engineering, and mathematics (STEM) has never been more critical, particularly as the world becomes increasingly reliant on technology. Moreover, Tanya Romanyukha, the ...

Tourism in Cyprus remains an important part of the economy, but Deputy Minister of Tourism Costas Koumis warns against complacency. During an event celebrating World Tourism Day 2024 on Friday, in ...