Cyprus Business News

The Treasury on Wednesday announced that the rate of implementation of the development costs of the state budget in January 2024 stands at 1 per cent, equivalent to €17.86 million, remaining consistent with ...

Industrial production in Cyprus witnessed an increase of 2.4 per cent in 2023 compared to the previous year, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). Cyprus’ ...

The Vice President of the European Investment Bank (EIB), Kyriakos Kakouris, is set to embark on an official visit to Cyprus on Thursday and Friday. The visit, according to an ...

Energy Minister George Papanastasiou, who is attending the Investopia 2024 conference is in Abu Dhabi, will take part in a discussion on “Strategic Priorities in a Shifting Global Landscape: A Policy ...

By George M. Georgiou INTRODUCTION Transparency International’s Corruption Perceptions Index (CPI) is the most widely cited indicator of corruption. The CPI, which currently covers 180 countries, is published annually and ...

Alkis H. Hadjikyriakos Public Ltd, which makes the Frou Frou brand biscuits has announced increases in the prices of its products containing chocolate by 20 to 30 per cent. The higher prices ...

OPAP Cyprus on Tuesday launched its 2024 social initiatives with a focus on health, a key priority for the organisation. Chief Commercial Officer Alexandros Davos announced the renewed adoption of two ...

Deputy Minister of Shipping Marina Hadjimanolis revealed on Tuesday the challenges Cyprus faced in the December 2023 elections of the International Maritime Organisation (IMO). The minister said that not only did ...

Both total loans and deposits in Cyprus witnessed a net decrease in January 2024, according to a report released on Tuesday by the Central Bank of Cyprus (CBC). According to the ...

Cyprus’ Economic Sentiment Indicator (ESI) witnessed a decline of 2.1 points in February 2024, compared to January 2024, indicating a worsening economic climate, according to a report released on Tuesday by the University ...

The University of Limassol (UoL) on Tuesday released a statement announcing a new partnership with the Association of Information Technology and Telecommunications Executives of Maritime Companies (AMMITEC). AMMITEC is a ...

Small and Medium-sized Enterprises (SMEs) and start-ups often grapple with a significant hurdle to their growth – the limited availability of finance. In a bid to address this challenge, the Cyprus ...

The Artemis Credit Bureau, which collects and provides information on the financial behaviour of individuals and businesses in Cyprus, will begin evaluating businesses based on Environmental, Social, and Governance (ESG) ...

The annual growth rate of Cyprus’ Composite Leading Economic Index (CCLEI) continued to decelerate in January 2024, according to a report compiled by the University of Cyprus’ Economic Research Centre (CypERC). ...

The Cyprus Marine Club (CMC), a non-profit organisation that engages maritime industry stakeholders, recently hosted their Get Together event, a gathering attended by more than 100 guests, showcasing the club’s ...

Here are the top business stories in Cyprus from the week starting February 19: On Monday, the Bank of Cyprus unveiled its financial results for the fiscal year ending December 31, 2023, which ...

Cyprus’ tourism ministry this week unveiled an incentive plan aimed at the qualitative and aesthetic improvement of beaches for the year 2024, with local authorities being the beneficiaries. In an official ...

GlobCom Company, in partnership with SEGULA Technologies, announced this week that it has started trials for Mercedes-Benz vehicles’ ADAS/AD sensory equipment on Cyprus public roads from February 12 to March 25, 2024. ...

Labour Minister Yiannis Panayiotou this week highlighted the importance of a collaborative approach to economic development between the government and the business community, noting that rational and balanced policies can ...

The Cyprus Stock Exchange (CSE) on Friday announced that it has become a member of the EuroCTP consortium, a collaborative initiative involving several European exchanges. EuroCTP, established in August 2023, aims ...

The Head of Deloitte Academy, Christina Themistocleous, embarked on a journey to Nairobi, Kenya, driven by the aspiration to offer voluntary assistance to students and aid them in realising their ...

Cypriot real estate market analytics firm Ask Wire on Friday released a report on the ten most expensive property transactions completed in Cyprus during January 2024. The report also provided additional ...

Hellenic Bank on Friday released its preliminary group financial results for 2023, posting a full-year profit of €365.4 million, while profit for the fourth quarter alone stood at €124.8 million. Commenting on the ...

The Cyprus Chamber of Commerce and Industry (Keve) this week hosted a meeting with a number of foreign ambassadors, focusing on the symbiotic relationship between technology, innovation, and sustainable economic ...