Cyprus Business News

The Cypriot insurance sector recorded a notable increase in premiums during 2023, surpassing €1 billion in turnover for another consecutive year, it emerged this week. Specifically, total premiums for 2023 reached €1.204 billion, marking ...

The Bank of Cyprus on Tuesday announced that it has repurchased 50,000 of its ordinary shares with a nominal value of €0.10 each. The transactions were executed on November 18 on the Cyprus ...

The Bank of Cyprus on Tuesday announced that it has repurchased 50,000 of its ordinary shares with a nominal value of €0.10 each. The transactions were executed on November 18 on the Cyprus ...

Cyprus’ Harmonised Consumer Price Index (HICP), a key measure of inflation, rose by 1.6 per cent year-on-year in October 2024, according to official data released on Tuesday. This figure reflects a modest ...

Snapchat is transforming how brands connect with digital-first audiences, leading the evolution of augmented reality (AR) in social media, according to Katia Maevskaia, Client Partner, CEE, at Snap Inc. Maevskaia ...

The number of investment funds in Cyprus increased in September 2024 compared to June of the same year, despite a slight decline in their total assets, which amounted to €6.79 billion, according ...

The Cyprus Shipping Chamber took the spotlight at the International Shipping Summit in Hong Kong this week, showcasing the nation’s pivotal role in global maritime affairs. Represented by Director ...

Cyprus is recording one of the strongest growth rates in Europe, driven by the resilience and initiatives of its business community, according to Energy Minister George Papanastasiou. Addressing the annual ...

Cyprus’ Construction Material Price Index recorded a marginal increase in October 2024, according to a report released this week from the state’s statistical service. This follows a streak of eight ...

Inflation in Cyprus has slowed for a third consecutive month, according to the Consumer Protection Service. The service on Monday reported a decrease from 1.5 per cent in August to 0.7 per ...

The IDEA Innovation Centre, an initiative by the Bank of Cyprus, this week announced that it is now accepting applications for the tenth cycle of its startup programme. Aspiring entrepreneurs ...

The 12th Energy Symposium, held at the Royal Hall in Nicosia, highlighted the urgent need for swift decisions and actions in Cyprus’ energy sector. The event, organised by FMW Financial ...

Tourist arrivals in Cyprus reached 3.73 million visitors in the first ten months of 2024, reflecting a 4.6 per cent increase compared to the same period in 2023. This also represents a modest 0.81 per ...

Hellenic Bank on Monday announced a reduction of its key interest rate by 21 basis points, effective from November 14, 2024. This move is expected to positively impact more than 90,000 borrowers across the ...

Cruise ship arrivals at Limassol port have dropped sharply, with 2024 bookings falling from 200 to just 90 due to the conflict in Israel and instability in the Eastern Mediterranean. To address the ...

Cyprus property investors are enjoying better returns from rental income than bank deposits, with yields of up to 6 per cent far outpacing the modest 1.98 per cent average return on household ...

Inflation in Cyprus has slowed for a third consecutive month, according to the Consumer Protection Service. The service on Monday reported a decrease from 1.5 per cent in August to 0.7 per ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced that the Cyprus-Austria Business Forum is set to take place on November 21, 2024. Kicking off at at 9:30am, the event ...

The Cyprus accountants’ association (Selk) and the University of Cyprus’ Department of Accounting and Finance (AFN) have signed a Memorandum of Understanding (MoU). The move aims to forge closer ties ...

The UK-Cyprus Enterprise Council (UKCEC), a non-profit organisation founded by members of the Cypriot diaspora, has launched its updated website. The council aims to strengthen business ties between the United ...

The total weight of goods transported by road within Cyprus increased by 9.1 per cent during the second quarter of 2024 compared to the same period in 2023, according to a report from ...

The Central Bank of Cyprus (CBC) on Monday announced the release of a silver collector’s coin with a nominal value of €5, minted in proof condition for 2024. According to the ...

Here are the top business stories in Cyprus from the week starting November 11: Two in three Cypriots place a high priority on adapting to climate change, according to the European ...

Property prices in Limassol surged in 2024, with apartment prices up by over 20 per cent and house prices rising by 30 per cent, according to a report from Nicosia-based firm Landbank Analytics. ...