Cyprus Business News

Here are the top business stories in Cyprus from the week starting November 4: Cyprus and Egypt are set to deepen maritime collaboration through a joint commission established during Deputy Shipping ...

Passenger traffic at Cyprus’ Larnaca and Paphos airports increased by 7.14 per cent in October 2024 compared to October 2023, according to the Transport Ministry. The ministry said this resulted in record traffic ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday issued a warning regarding a rise in fraudulent activity. The latest spate of incidents involves individuals posing as CySEC officers to ...

The International Propeller Club of the United States has recognised Cyprus-based shipping companies for their participation in the US Coast Guard’s Automated Mutual-Assistance Vessel Rescue (AMVER) programme. The ceremony, ...

Better regulations and improved transparency are necessary for the development of the fixed-income market, according to Societe Generale’s Elina Asimakopoulou. Asimakopoulou, who works as a senior cross asset execution ...

The PwC Cyprus Foundation on Friday announced a strategic sponsorship collaboration with Cyprus Seeds. Cyprus Seeds is a private, non-profit organisation whose mission is to support the commercialisation of innovative ...

Inflation in Cyprus dropped to a three-year low of 0.6 per cent in October, mainly due to falling petroleum prices, according to a report from the Cyprus Statistical Service (Cystat). Still, ...

Eurobank’s third-quarter results mark a significant milestone as the bank fully integrates Cyprus’ Hellenic Bank for the first time since acquiring a majority stake, said Eurobank CEO Fokion Karavias. “...

Passenger traffic at Cyprus’ Larnaca and Paphos airports increased by 7.14 per cent in October 2024 compared to October 2023, according to the Transport Ministry. The ministry said this resulted in record traffic ...

Hellenic Bank and the union representing its employees, Etyk, have finalised a new collective agreement, based on the preliminary accord reached in April 2023 with the mediation of the Labour Minister. ...

Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis on Thursday. Tannousis addressed an international audience at the 10th ...

Hellenic Bank and the union representing its employees, Etyk, have finalised a new collective agreement, based on the preliminary accord reached in April 2023 with the mediation of the Labour Minister. ...

Greek retail chain Jumbo Group reported robust sales growth for the first ten months of 2024 at its recent shareholder briefing. This was driven by strong demand in key markets and ...

Association of Cyprus Banks head Michalis Kammas met with six organisations representing elderly people this week, according to an official announcement. The meeting allowed them to discuss the challenges elderly ...

Hellenic Bank has announced its intention to repurchase existing Convertible Capital Securities 1 and 2 (CCS 1, CCS 2) valued at nearly €130 million. The buyback, expected to save the bank approximately €13 million in annual ...

The Cyprus government recorded a reduced deficit of €39 million in the second quarter of 2024, marking a sharp improvement from the €260.8 million deficit reported for the same period last year. This ...

Cyprus saw a significant rise in beer deliveries from local factories in October, both in the domestic market and especially in exports. According to a report from the Cyprus Statistical ...

Hellenic Bank on Wednesday reported a profit after tax of €284 million for the first nine months of 2024, marking a 28 per cent increase from the same period last year. “During the ...

Sklavenitis Cyprus has finalised its acquisition of Papantoniou Supermarkets, following approval from the Commission for the Protection of Competition. The deal solidifies Sklavenitis’ position as a major supermarket chain on ...

The average gross monthly salary for employees in Cyprus reached €2,363 in 2023, reflecting a 7.3 per cent increase from 2022, according to the Cyprus Statistical Service. This follows a 7.1 per cent increase in 2022, ...

The Central Bank of Cyprus (CBC) hosted a special session on Wednesday with various local business associations, according to an official announcement. The session focused on the digital euro’s ...

Passenger traffic at Cyprus’ Larnaca and Paphos airports rose by 7.14 per cent in October 2024 compared to the same month in 2023, according to the Transport Ministry. This increase supports projections that 2024 ...

Apartments remained the driving force behind Cyprus’ real estate market during the third quarter, despite overall signs of stabilisation, according to the RICS Cyprus property price index. The index, created ...

Hellenic Bank on Wednesday reported a profit after tax of €284 million for the first nine months of 2024, marking a 28 per cent increase from the same period last year. “During the ...