Cyprus Business News

Cyprus saw its trade deficit shrink to €6.37 billion in January–October 2024, a significant reduction compared to €7.56 billion during the same period in 2023. The improvement reflects a 12.3 per cent drop in ...

The Paphos Chamber of Commerce and Industry (Evep) hosted a meeting on Friday with Liu Kai, the Commercial Counsellor of the Chinese Embassy in Cyprus, to explore potential collaborations between ...

Cyprus contributed just €259 million to the European Union budget in 2023, receiving €393 million in return. This positions the island country as a net beneficiary, reflecting broader financial imbalances across member states, ...

The Bank of Cyprus on Tuesday announced that it has been awarded the title of Bank of the Year in Cyprus for 2024 by The Banker, a leading international banking and ...

The Central Bank of Cyprus (CBC) on Tuesday announced key deadlines for the implementation of the EU Instant Payments Regulation. The EU’s Instant Payments Regulation is a new regulation ...

Founded by Kyrillos Akritidis and Murad Salikhov, Schwarzwald Capital is a Cyprus-based venture capital firm that has a distinct focus on fintech and the creator economy. Akritidis spoke to the ...

The European Consumer Centre (ECC) Cyprus achieved a consumer satisfaction rate of 94.44 per cent for its case-handling services in 2023, according to its annual report. The majority of complaints (54 per cent) ...

The Famagusta regional tourism board (Etap) recently held a meeting with representatives of EasyJet Holidays, the holiday division of the low-cost airline, it was announced on Monday. The meeting, which ...

Smart investing comes down to a few key principles that when linked to an individual’s financial goals ensures preparedness and peace of mind. With the rise of digitalisation and ...

Motor vehicle registrations in Cyprus rose by 10.1 per cent from January to November 2024, with the growing popularity of electric and hybrid vehicles driving the market shift. According to the statistical ...

Limassol topped Cyprus’ property market from January to September 2024, leading in sales values for houses and apartments, according to a report from Nicosia-based firm Landbank Analytics.  The report, which reviewed ...

Research and Innovation Foundation (RIF) director general Theodoros Loukaidis was recently presented with the Athenian Glaive award in Athens. According to an official announcement released on Monday, the RIF chief ...

The Famagusta regional tourism board (Etap) recently held a meeting with representatives of EasyJet Holidays, the holiday division of the low-cost airline, it was announced on Monday. The meeting, which ...

Cyprus Chamber of Commerce & Industry (Keve) president Stavros Stavrou is set to deliver a speech addressing key economic and business issues at the chamber’s annual general meeting on ...

The Lloyd’s List Greek Shipping Awards 2024 brought together hundreds of industry leaders in Athens, celebrating the achievements of local and international shipping. Deputy Minister of Shipping Marina Hadjimanolis attended ...

Antony Barnett, Chief Executive Officer of Limassol-based Network Financial Services (NFS), is no stranger to the delicate balancing act of financial planning. With a career that spans years of experience, ...

The European Union’s Digital Operational Resilience Act (DORA), taking effect on January 17, 2025, will impose tougher cybersecurity rules on financial entities, with the Central Bank of Cyprus (CBC) urging compliance ...

Here are the top business stories in Cyprus from the week starting December 2: Paphos mayor Phedonas Phedonos has urged Cypriot businesses to adopt a more international, export-oriented approach, saying that ...

The Bank of Cyprus on Friday outlined a range of initiatives designed to ease the financial strain on customers in the face of market interest rate volatility. In its announcement, ...

By Frederic Pralus The importance of Foreign Direct Investment (FDI) for national economies is undeniable. For countries like Cyprus, with an outward-oriented economic approach, the ability to attract businesses and ...

EY Cyprus on Friday announced that its recently held forum highlighted the international investment community’s view of Cyprus’ investment appeal. The EY Attractiveness Forum also addressed key economic challenges ...

Total beer deliveries in Cyprus saw a significant decline of 33 per cent in November, compared to the same period last year, according to the state’s statistical service. The total ...

Employment in Cyprus experienced a 2.2 per cent increase in the third quarter of 2024 compared to the corresponding period in 2023. According to data published by the Cyprus Statistical Service (Cystat) on ...

Cyprus has intensified its efforts to expand its Research and Development (R&D) landscape through a recent visit to Indonesia. Chief Scientist Demetris Skourides and Ambassador Nikos Panagiotou held ...