Cyprus Business News

The Cyprus Mail recently sat down with Vladimir Bakuteev, a Cyprus-based AI entrepreneur and serial tech founder whose ventures span industries such as VR, gaming, education, and artificial intelligence. As ...

Total deposits in Cyprus amounted to €54.8 billion in November 2024, according to the Central Bank of Cyprus’ monetary and financial statistics report released this week. In addition, the central bank’s ...

The retail trade turnover value index in Cyprus increased by 7.2 per cent in November 2024, compared to the same month in the previous year, according to a report released this week ...

Consulting and advisory firm PwC Cyprus on Thursday announced that it has published its new tax guide for 2025. “The guide serves as an important source of information on all tax-related ...

The Cyprus Chamber of Commerce & Industry (Keve) on Thursday released a statement congratulating Thomas Kazakos, the director general of the Cyprus Shipping Chamber (CSC), on his appointment as secretary-general ...

Consulting and advisory firm PwC Cyprus on Thursday announced that it has published its new tax guide for 2025. “The guide serves as an important source of information on all tax-related ...

The consumer price index (CPI) in Cyprus closed 2024 with a year-on-year increase of 1.8 per cent, while inflation saw a rise in December, according to a report from the state’s ...

The Cyprus Employers and Industrialists Federation (Oev) has issued a call for applications for its members to participate in a business conference and B2B meetings set to take place ...

Sir Stelios Haji-Ioannou, founder of the easyGroup and the Stelios Philanthropic Foundation, on Thursday announced the launch of the 15th annual Stelios Bicommunal Business Cooperation Awards. This year, the initiative ...

The Cypriot economy demonstrated remarkable resilience in 2024, achieving a growth rate of 3.7 per cent despite persistent geopolitical and internal challenges. Tourism, construction, and the wholesale and retail trade sectors have ...

Tourism revenue in Cyprus reached €407.9 million in October 2024, marking a 17.7 per cent increase compared to the €346.5 million recorded in October 2023, according to the Cyprus Statistical Service. For the January-October 2024 period, ...

Cyprus industrial producer price index decreased by 1.6 per cent in November 2024, compared to the same month in 2023, according to the state’s statistical service. The index reached 122.0 points, with 2021 acting ...

The CFA Society Cyprus has launched a new podcast series focusing on financial issues that shape the economy and society, with its first episode delving into Cyprus’ pension system. According ...

The Cypriot economy demonstrated remarkable resilience in 2024, achieving a growth rate of 3.7 per cent despite persistent geopolitical and internal challenges. Tourism, construction, and the wholesale and retail trade sectors have ...

Between January and October 2024, the industrial production index in Cyprus increased by 3.8 per cent compared to the same period in 2023, according to a report released from the state’s statistical ...

The Cyprus Stock Exchange (CSE) performed robustly in 2024, with significant increases in trading activity, market capitalisation, and investment interest, according to its chairman Marinos Christodoulides. The CSE chairman said that ...

The Association of Cyprus Banks on Monday announced that interbank and cross-border transactions will soon be completed in just 10 seconds, with the service being available round-the-clock. The new service will ...

The Cyprus Securities and Exchange Commission (CySEC) on Monday issued a circular to inform fund managers and related entities about the submission of quarterly statistics for Q4 2024. The reporting deadline ...

Cyprus retail trade association secretary Marios Antoniou on Monday expressed satisfaction with both customer footfall and revenue during the holiday season. Supermarkets and toy stores in particular thrived during this ...

Finance Minister Makis Keravnos announced updated interest rates for 2025 through decrees issued on Monday. The public interest rate for overdue payments has been set at 5.5 per cent, while the judicial ...

The Association of Cyprus Banks on Monday announced that interbank and cross-border transactions will soon be completed in just 10 seconds, with the service being available round-the-clock. The new service will ...

Demetris Skourides spoke with Souzana Psara about his transformative first year as Chief Scientist. He detailed significant strides in research and innovation, Cyprus’ growing role on the global stage, and ...

Cyprus Chamber of Commerce & Industry (Keve) president Stavros Stavrou on Friday released a year-end statement reflecting on the country’s economic progress. In addition, Stavrou addressed various challenges on ...

Total petroleum product sales in Cyprus fell by 4.7 per cent in November, compared to the same month in 2023, according to the Cyprus Statistical Service (Cystat). Despite the overall decline, kerosene ...