Cyprus Business News

Quarterly data from the Central Bank of Cyprus (CBC) on household assets and liabilities have shown a shift in financial asset distribution. This trend may have been influenced by the ...

The Bank of Cyprus’ board of directors is convening today, February 17, to review the preliminary financial results of the group. The bank will release the official announcement related to the ...

Short-term rentals in Cyprus will come under the scrutiny of the House energy, trade, industry and tourism committee this week. The committee is set to discuss a number of issues ...

Access to high-performance computing has long been a barrier for creative professionals, engineers, and businesses. LoLa Cloud PCs, founded by Cypriot entrepreneur Rogiros (Roger) Theophanous, is on a mission to ...

Here are the top business stories in Cyprus from the week starting February 10: Cypriot banks have lowered their key interest rates, with expectations of further reductions throughout 2025, in response to ...

Cyprus’ economy grew, albeit at a slower pace, during the fourth quarter of 2024, with GDP increasing by 2.6 per cent compared to the same quarter of the previous year. According to ...

The total weight of goods transported by road within Cyprus rose by 9.9 per cent in the third quarter of 2024, when compared to the same period in 2023, according to a report ...

Cyprus’ economy grew, albeit at a slower pace, during the fourth quarter of 2024, with GDP increasing by 2.6 per cent compared to the same quarter of the previous year. According to ...

Atlantic Insurance is expected to report a slight increase in its consolidated financial results for 2024, according to an announcement published on the Cyprus Stock Exchange (CSE). Based on currently available ...

President Nikos Christodoulides this week announced a €122 million initiative designed to significantly enhance infrastructure and public services throughout the Famagusta district. The president outlined the details of this plan, wihch ...

The latest reports from the three major credit rating agencies show a general improvement in the ratings of banks in both Cyprus and Greece. According to a report from local ...

Budget airline Wizz Air on Friday announced that it has exceeded 9 million passengers travelling to and from Larnaca international airport. The announcement of the milestone comes as the airline recently ...

The number of building permits issued in Cyprus in September 2024 recorded a year-on-year decline of 30.9 per cent, according to data released this week by the state statistical service. The decrease ...

The Bank of Cyprus this week presented its revamped branch network model, inaugurating its newly renovated branch on Archbishop Makarios III Avenue in Nicosia. Retail Banking Director Theodosis Theodosiou explained ...

Cyprus-based INXY Payments, an EU-authorised payment platform bridging together traditional finance and the crypto economy, has successfully closed a $3 million investment round led by Flashpoint VC with participation from prominent ...

Hong Kong investor Balram Chanrai is steadily increasing his ownership of Agros Development Company ‘Proodos’ Public Ltd, which owns the Rodon hotel in Agros. Based on the announcements on the ...

The Bank of Cyprus this week presented its revamped branch network model, inaugurating its newly renovated branch on Archbishop Makarios III Avenue in Nicosia. The event, held on Wednesday afternoon, ...

Eurobank has announced that the India-Greece-Cyprus (IGC) Business & Investment Council was officially launched on Thursday at the Taj Mahal Palace in Mumbai. The announcement mentioned that this marks “a ...

Cyprus’ Deputy Minister of Innovation, Nicodemos Damianou, and UAE Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Omar Sultan Al Olama, have signed a Memorandum of ...

Hellenic Bank has officially announced the complete exit of Demetra Holdings Plc from its shareholder structure, following the completion of the agreement for the sale of its 21.33 per cent stake. “...

Cyprus experienced growth across a number of key economic sectors, according to the state statistical service. In its latest report, which analysed monthly economic developments from January to December 2024, the ...

The total supply and use in Cyprus for 2021 balanced at €77.76 billion at purchaser prices, according to the statistical service. The report, which covers the country’s supply, use, and input-output ...

The environment department has given approval for a €55 million project to convert an existing tourist apartment complex into a 480-bed, 4-star hotel in Polis Chrysochous, it emerged on Wednesday. In ...

The Cyprus Statistical Service (Cystat) has launched a new online tool aimed at modernising public sector operations as part of its digital transformation efforts. The platform allows companies registered in ...