Cyprus Business News

Lending criteria for Cypriot businesses became stricter in the second quarter of 2024, according to a report released on Wednesday by the Central Bank of Cyprus (CBC). The report explained that ...

Artificial Intelligence (AI) is transforming workplaces in Cyprus today, offering higher salaries and more opportunities, according to chief scientist Demetris Skourides. “Studies have shown that, even in emerging markets, automating ...

Cyprus’ Ministry of Energy, Commerce, and Industry recently showcased the country’s business potential at the 11th China International Fair for Trade in Services (CIFTIS). The participation at the fair, ...

Cyprus will dispatch a business delegation to Slovakia and the Czech Republic to boost ties and foster collaborations across several sectors, according to an announcement released on Wednesday. These sectors ...

Illegal real estate agents continue to defraud unsuspecting buyers and tenants, extending their reach into occupied territories, according to the Cyprus Real Estate Agents Registration Council. However, council president Marinos ...

The Cyprus Quality Association, a member of the Cyprus Employers and Industrialists Federation (Oev), on Tuesday announced the launch of the Cyprus Quality Leader 2025 competition, now in its twelfth consecutive ...

Cyprus’ Composite Leading Economic Index (CCLEI) experienced a mild acceleration in August, recording a year-on-year increase of 0.8 per cent. This follows year-on-year increases of 0.5 per cent and 0.4 per cent in ...

Illegal real estate agents continue to defraud unsuspecting buyers and tenants, extending their reach into occupied territories, according to the Cyprus Real Estate Agents Registration Council. However, council president Marinos ...

The prices of vegetables and greens saw a 41.7 per cent increase in August, the sharpest rise among 18 categories that recorded price hikes, according to the Cyprus Consumers Association. More reassuringly ...

Cyprus’ shipping registry has seen a 12 per cent increase in sea-going vessels, according to Deputy Minister of Shipping Marina Hadjimanolis. Hadjimanolis’ update on the Cypriot shipping registry was delivered during ...

The Cyprus Chamber of Commerce and Industry (Keve) and Invest Cyprus on Monday co-organised a forum that sought to promote the island as a place through which Lebanese businesses can ...

The Bank of Cyprus on Monday officially resumed trading on the main market of the Athens Stock Exchange (ATHEX) after a seven-year absence. According to an announcement by the bank, “...

The Women’s International Shipping & Trading Association (WISTA International) is set to hold its 50th annual general meeting and Conference from October 9 to 11 at the Amathus Beach Hotel in ...

The Bank of Cyprus on Monday officially resumed trading on the main market of the Athens Stock Exchange (ATHEX) after a seven-year absence. According to an announcement by the bank, “...

Cyprus’ wholesale trade and motor vehicle sectors grew during the second quarter of 2024, according to a report released on Monday by the Cyprus Statistical Service (Cystat). Specifically, the turnover value ...

Cyprus needs a long-term energy strategy with well-defined objectives, according to the chairman of the Cyprus Energy Regulatory Authority (Cera) Andreas Poullikas. “The provision of affordable energy services is key ...

Aspiring entrepreneurs will gather in Nicosia on Tuesday for the Startup World Cup Nicosia Finals, an event offering Cypriot startups the chance to showcase their ideas on a global stage. ...

The Bank of Cyprus on Monday announced the purchase of 24,800 ordinary shares on the Cyprus Stock Exchange (CSE) as part of its ongoing share buyback programme. The shares, each with ...

The digital euro will have the same level of privacy as cash notes, according to Stella Ioannidou, a financial market infrastructures and payments expert at the Central Bank of Cyprus (...

Here are the top business stories in Cyprus from the week starting September 16: Following the recent announcement of a €30 million investment in premium AA games by Mad Crusader, a Cyprus-based ...

Finance Minister Makis Keravnos on Saturday hailed rating agency Morningstar DBRS’ decision to give Cyprus a credit rating of BBB (high) and upgrade the island’s outlook from “stable” to “...

President Nikos Christodoulides expressed satisfaction with the appointment of Apostolos Tzitzikostas as the European Union’s new transport commissioner, the top EU post overseeing shipping, as well as the appointment ...

The profitability of the Cypriot banking sector surged in the first half of 2024, with after-tax profits rising to €602.92 million, compared to €345.64 million at the end of March 2024. According to the ...

Non-performing exposures (NPEs) within the Cypriot banking sector dropped to €1.70 billion at the end of June, down from €1.80 billion in March, according to the Central Bank of Cyprus (CBC). According ...