Cyprus Business News

The Central Bank of Cyprus (CBC) announced on Thursday that new loans taken out by non-financial corporations over €1 million increased by 10 per cent in May of this year, despite a 0.52 ...

The Central Bank of Cyprus (CBC) stated in its 2023 annual report, which was published this week, that increased bank profitability is not expected to alter the supervisory authorities’ prudent policy ...

Cyprus recorded improvements in its balance of payments and international investment position (IIP) in the first quarter of 2024 compared to the same period in 2023, along with a reduction in net ...

Cyprus witnessed a growth in house prices during the first quarter of 2024, as evidenced by the latest figures released by the Cyprus Statistical Service (Cystat) on Thursday. According to a ...

Inflation in June 2024 rose by 2.9 per cent over the previous month, marking a continuation of the upward trend that began in April and reaching its highest level since October 2023. Data ...

A total of 12 bounced cheques worth €13,048 were issued in June of this year, involving 10 persons, according to a report by the Central Bank of Cyprus (CBC) released this week. These ...

President Nikos Christodoulides used his address at the 12th Invest Cyprus International Investment Awards held in Nicosia, to highlight the crucial role of foreign investors in Cyprus’ economic growth. The ...

The Cyprus Hoteliers Association (Pasyxe) this week confirmed its full alignment and excellent collaboration with the government, something which was reiterated during the association’s annual general meeting. This meeting ...

Cyprus’ wholesale and retail trade sector demonstrated robust growth in 2022, according to a recent report by the Cyprus Statistical Service (Cystat). In 2022, the overall turnover in the sector soared by 20.7 ...

‘Green’ home loans, Eco-friendly renovation loans Energy loans for solar panel installation Climate change poses a major challenge in the current era. The international community recognises the need to tackle ...

Credit rating agency Fitch Ratings this week upgraded Hellenic Bank’s long-term Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BB+’, with a stable outlook, and its Viability Rating (VR) to ‘...

Cyprus Airways on Wednesday announced the launch of new direct flights from Larnaca to Barcelona, commencing on July 3. According to an official announcement by the airline, this new route will ...

The number of registered unemployed people in Cyprus dropped to 10,112 at the end of June 2024, primarily due to growth in key economic sectors, according to a report from the Cyprus ...

The Cyprus Consumers Association this week issued advice to consumers regarding their shopping during the sales period, saying that there is a need for careful planning and awareness to maximise ...

The Transport Ministry on Wednesday said that passenger numbers at Larnaca and Paphos airports rose to 1,300,041 visitors during June, reflecting a 5.04 per cent increase compared to the previous year. “Passenger ...

Credit rating agency Fitch Ratings this week upgraded Hellenic Bank’s long-term Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BB+’, with a stable outlook, and its Viability Rating (VR) to ‘...

At the forefront of elevating Cyprus, real estate is Blackbook Agency, led by Managing Director Eleftheria Voskaridou. The real estate market in Cyprus is an ever-evolving landscape, shaped by a ...

Eurobank has revealed its intention to gain full control of Hellenic Bank’s share capital and voting rights, while also sharing details about the company’s future operations, according to ...

Economic council makes number of recommendations to update long-term economic strategy, seeks EU funding The long-term strategy for the sustainable development of the Cypriot economy, known as Vision 2035, is set ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced its intention to explore the establishment of the Cyprus – Baltic States Business Association, aimed at enhancing economic and trade ...

The Association of Large Investment Projects on Tuesday highlighted the untapped potential of golf tourism in Cyprus, referencing the efforts being made to remove barriers blocking the development of new ...

Eurobank has revealed its intention to gain full control of Hellenic Bank’s share capital and voting rights, while also sharing details about the company’s future operations, according to ...

Eurobank on Monday announced that it now holds shares representing 55.48 per cent of the total issued share capital and voting rights of Hellenic Bank. Specifically, Eurobank S.A., a subsidiary ...

Gender Equality Commissioner Josie Christodoulou used her address at the recently held ‘Women in ICT’ event to highlight the gender disparity within the technology sector. The event was a collaborative ...