Cyprus Business News

Energy Minister makes case for Cyprus as a centre for international technology companies Minister of Energy, Commerce, and Industry George Papanastasiou presented Cyprus as an attractive destination for technology and ...

The Bank of Cyprus is set to complete its Minimum Requirement for Own Funds and Eligible Liabilities (MREL) target one year earlier than expected, signalling progress towards sustainable profitability, as ...

Consulco Group of Companies, a leading business entity, welcomed the UK Trade Commissioner for Europe, Chris Barton CMG, for a high-profile luncheon at their headquarters in Nicosia. The event, hosted ...

Employment in the Cyprus government witnessed an increase of 283 individuals (0.5 per cent) in October 2023, compared to the same month in 2022, reaching a total of 53,554 people, according to a report released ...

Cyprus’ Research and Innovation Foundation (Idek) on Monday announced that the submission period for proposals in the latest call for its pre-seed programme concluded on November 3, with an impressive 134 startups ...

The Bank of Cyprus on Monday reported robust financial results for the nine months ending September 30, 2023, posting an after-tax profit of €349 million, combined with a strong quarterly performance, while highlighting ...

Here are the top business stories in Cyprus from the week starting November 6: The total value of non-performing loans (NPLs) in the Cypriot banking system at the end of August 2023 ...

Economic stakeholders this week convened at this year’s annual Economist Conference in Cyprus to explore the need for revitalising the country’s development model and strategise ways to address ...

A number of technology and business experts this week stressed that while Cyprus holds great promise as a technological destination, more efforts are needed to establish a knowledge-based economy on ...

The Cyprus Chamber of Commerce & Industry (Keve) announced this week that, according to a statement based on the 31st edition of the annual Economic Survey by the Association of ...

Cyprus’ trade deficit for the period of January to September 2023 reached €6.49 billion, compared to €5.8 billion during the same period in 2022, marking an increase of €685.1 million, according to a report released ...

The overall solvency index of the Cypriot banking sector rose to 23.3 per cent in the second quarter of 2023, up from 21.7 per cent in the first quarter of the year, marking ...

In a recent address at the 11th Annual Energy Symposium, Nikos Trypatsas, Deputy General Director of the Cyprus Stock Exchange (CSE), underscored the significant interest the exchange has shown in ...

The 2nd World Collaborative Women in Investment Management (CWIM) Global Summit, entitled “Connect, Collaborate, Celebrate 2023: Building Bridges,” took place yesterday, November 9. Furthermore, the conference, which, according to an announcement, attracted ...

A new meeting between the government and foreign investors is scheduled to take place at the Presidential Palace in Nicosia on November 20, according to an announcement released on Friday. The ...

The Cyprus Development Bank (CDB Bank) has been reported to be in discussions with an Armenian banking institution regarding a potential acquisition, following the breakdown of talks with AstroBank, according ...

Hellenic Bank is expected to present its financial results for the first nine months of 2023 on November 21, according to an announcement released this week. According to the announcement, the bank’...

High-profile event in Nicosia explores strengthening economic ties between Cyprus and India Eurobank Cyprus hosted a working dinner on Thursday at the Hilton Hotel in Nicosia, featuring top executives from ...

The Central Bank of Cyprus (CBC) this week released a report noting that a total of 36 bounced checks were issued during October 2023, amounting to €566,732. Among them, 21 individuals, comprising 14 legal entities ...

Cypriot firm Ask Wire, a technology-informed real estate company, on Thursday released its quarterly report for the local property market. The report indicated a mixed outlook for the real estate ...

Deputy Minister of Tourism Kostas Koumis on Thursday expressed great satisfaction with the outcomes of the meetings held during this week in London, in the context of the annual World ...

A court decision awarding over €780,000 to a depositor who lost his Laiki Bank savings due to the 2013 ‘haircut’ ignited a wave of reactions on Thursday, with the attorney general’s ...

Cyprus has seen a 7.3 per cent reduction in the number of building permits issued during the first eight months of 2023 when compared to the same period the previous year, according ...

Cyprus has witnessed a significant upswing in vehicle registrations, with a remarkable 32.5 per cent annual increase during the first ten months of 2023, compared to the same period in 2022, according to ...