Cyprus Business News

The economic climate in Cyprus showed signs of improvement in January 2024, according to a report released this week by the University of Cyprus’ Economic Research Centre (CypERC). The Economic Sentiment ...

The Producer Price Index (PPI) in Cyprus’ industrial sector for the year 2023 witnessed a notable decrease of 4.5 per cent on an annual basis, according to a report released on Wednesday ...

Tourism revenue in Cyprus surged to nearly €3 billion during the January-November 2023 period, indicating a remarkable 22.5 per cent annual increase, according to a report released on Wednesday by the state’s ...

President of the Cyprus Institute Stavros Malas this week presented an innovative proposal for the establishment of a Centre of Excellence for Smart and Sustainable Farming (SMARTFARM) to the House ...

Cyprus’ Deputy Ministry of Tourism on Wednesday stated that it sees a feasible opportunity for a further increase in tourist arrivals from Switzerland, estimating the number of visits from the ...

Limassol-based Tototheo Maritime, a leading provider of maritime satellite communications and technologies, on Tuesday announced its partnership with Orion Reederei, a prominent ship management company based in Germany. The company ...

Finance Minister Makis Keravnos and Ambassador of Jordan to Cyprus Basheer F. Zoubi on Tuesday met at the ministry’s offices in Nicosia, with the discussions primarily focusing on economic ...

Deputy Minister of Tourism Kostas Koumis this week addressed long-lasting competitiveness issues in the Pernera area, between Protaras and Paralimni, acknowledging the closure of eight tourist accommodation units since 2006. “Concerning ...

Wargaming, an award-winning online game developer and publisher headquartered in Nicosia, on Tuesday announced a number of opportunities for students and recent graduates, which are set to take place in 2024. ...

The European Central Bank (ECB) kept interest rates unchanged at a record high on January 25, meeting the expectations of analysts, and reiterated its commitment to lowering inflation. In addition, there ...

The Cyprus Association of Electronic Money Institutions and Payments (ACEMPI), a member of the Cyprus Chamber of Commerce and Industry (Keve), on Monday introduced a significant tool for the electronic ...

Cyprus has witnessed a remarkable surge in the Information and Communication Technology (ICT) sector, emerging as a central driver of economic development, with the CEO of Invest Cyprus Marios Tannousis ...

Cypriot real estate data analytics firm Ask Wire on Monday released a report outlining the ten most lucrative property transactions completed in Cyprus during 2023, along with additional analysis pertaining to ...

The Cyprus Shipping Chamber (Kne) announced on Monday that it is marking 35 years of successful operation since its establishment on January 26, 1989, with a number of events, which ultimately seek to ...

Here are the top business stories in Cyprus from the week starting January 22: The Cyprus Stock Exchange (CSE) concluded 2023 on a high note, with listed securities surpassing €4 billion, as reported ...

The real estate market in Cyprus appears poised for a challenging year, marked by organic, market-driven price reductions, which may be offset by supply chain disruption, stemming from geopolitical conflicts, ...

Health, safety, quality and environment, and sustainability manager at Limassol-based Island Oil Holdings Demetris Lemesianos recently spoke to the Cyprus Mail, providing insights into the group’s sustainability initiatives within ...

President of the Cyprus Ports Authority Antonis Stylianou this week spoke about the significant economic losses incurred by the Republic of Cyprus due to recent events in the Gulf of ...

The Social Computing Research Centre of the Cyprus University of Technology (Tepak) recently announced the establishment of the first Anti-Disinformation Centre in Cyprus, known as Fact-Check Cyprus. This initiative marks ...

The value of deposits in the Cypriot banking system experienced a substantial monthly increase of €346 million in December 2023, reaching a total €52.2 billion, according to a report released on Friday by ...

payabl., one of Europe’s leading PayTechs, on Friday announced that it was granted an Electronic Money Institution licence (EMI licence) by the Central Bank of Cyprus (CBC), which will ...

The president of the Cyprus Ports Authority (Alk) Antonis Stylianou this week presented a strategic development model, which is aimed at addressing the evolving conditions in the modern port environment. ...

Cyprus’ Research and Innovation Foundation (Idek) is set to host a pioneering Partner Day on Friday, February 9, at the Hilton Hotel in Nicosia. Under the theme “Innovation, Collaboration, Development,” the ...

Cyprus’ Deputy Minister of Tourism Kostas Koumis engaged in “significant discussions” this week in Brussels, in an effort to boost the number of visitors from Belgium. According to statements by ...