Cyprus Business News

Cyprus’ Gross Domestic Product (GDP) is projected to rise by 2.9 per cent in 2024, according to the latest estimates released on Thursday by the Finance Ministry, which are valid up to ...

Cyprus witnessed a rise in consumer loan interest rates in March of this year, alongside a decrease in rates for housing loans, while household deposit rates saw an increase, according ...

The Cyprus Real Estate Agents Registration Council on Wednesday released a breakdown of property transactions and average values during the first quarter of 2024, according to property type, across all districts. ...

Cyprus has fallen to 51st place in digital competitiveness among 64 countries in 2023, marking a six-place drop compared to 2022, according to a report released on Wednesday by the Economics Research Centre (...

The Cyprus Statistical Service (Cystat) reported on Wednesday a considerable decrease in the number of registered unemployed for April 2024, reflecting a strengthening of the domestic labour market. According to the ...

The Cyprus Real Estate Agents Registration Council on Wednesday released a breakdown of property transactions and average values during the first quarter of 2024, according to property type, across all districts. ...

By Dimitris Ioannides In a world where consumer expectations are continuously evolving, premium brands like Lego have embraced purpose and inclusivity not just as ethical imperatives, but as strategic business ...

The Cyprus Union of Shipowners (CUS) on Wednesday announced a €300,000 food donation to the people of Gaza, through the Republic of Cyprus’ Amalthea initiative. “The Cyprus Union of Shipowners decided ...

The Research and Innovation Foundation (Idek) on Wednesday released a statement disclosing the list of 61 companies where students will have the opportunity to apply for internships, lasting six weeks, between ...

The value of Cypriot bonds held by the Eurosystem remained steady at €6.76 billion at the end of April, as the European Central Bank (ECB) persists in its effort to deleverage ...

Group CFO praises Cyprus as “dynamic and thriving tech hub” Cyprus-headquartered Capital.com, a global trading platform and fintech group, this week announced that total client trading volumes exceeded $1.2 trillion ...

Hotel occupancy rates in Cyprus are expected to be lower during the upcoming summer, compared to the same period in 2023, according to the president of the hotelier’s association (Pasyxe) ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday announced that it recently hosted a meeting with the Latvian Central Bank (Latvijas Banka) at the offices of the commission in ...

Deputy Minister of Research Nicodemos Damianou recently addressed two investment incentives launched at the Deputy Ministry of Research, Innovation and Digital Policy, acknowledging that there is room for improvement. These ...

Hotel occupancy rates in Cyprus are expected to be lower during the upcoming summer, compared to the same period in 2023, according to the president of the hotelier’s association (Pasyxe) ...

The Easter holiday season saw restaurants, bars and other venues across Cyprus suffer a 50 per cent decline in business activity, compared to the previous year, according to Neophytos Thrasyvoulou, president ...

Deputy Minister of Tourism Kostas Koumis is currently visiting the United Arab Emirates to attend the Arabian Travel Market tourism exhibition, which is taking place in Dubai. “Over the last ...

Here are the top business stories in Cyprus from the week starting April 29: The Cyprus Shipping Chamber (CSC) recently announced its support for the adoption of the Net-Zero Industry Act ...

The agriculture ministry this week launched a new price observatory for fruit and vegetable products named ‘e-Kofini’, aimed at ensuring transparency and fair prices in the local market. The platform ...

The Cyprus Securities and Exchange Commission (CySEC) welcomed the findings of a Moneyval report released a day prior regarding progress made in addressing money laundering and terrorism financing. Moneyval is ...

Cyprus’ Industrial Turnover Index reached 124.3 units in February 2024, with 2021 being the base year, set at 100 units, marking a 5.2 per cent increase compared to the same month in 2023. According to a ...

The Research and Innovation Foundation (RIF) this week announced the launch of two new programmes, titled Excellence and Post-Doc respectively, with a total budget of €14.5 million. According to the announcement, ...

The Cyprus Statistical Service (Cystat) announced on Thursday that the government’s surplus for the period January-March 2024 reached €523 million, equivalent to 1.7 per cent of the GDP. This marks an increase ...

Cyprus’ Producer Price Index in Industry reached 121.5 units in March, with 2021 acting as the base year, set at 100 units, marking an annual decrease of 3.9 per cent, marking the ninth consecutive ...