Cyprus Business News

The adoption of generative AI in workplaces has surged worldwide, reaching 75 per cent in 2024, according to EY’s latest global survey. This represents a significant jump from 22 per cent in 2023, ...

In this exclusive interview with the Cyprus Mail, Dionysios Manganis, Executive Producer at Green Olive Films, and Simos Manganis, Founder and CEO, delve into the rise of Cyprus as a ...

Cyprus’ economic climate strengthened in October, driven by a boost in the services sector, according to the University of Cyprus’ Economics Research Centre (CypERC). The centre also reported that economic ...

International trade in electric and hybrid vehicles between the EU and third countries has surged, with Eurostat data revealing that electric and hybrid cars represented 43 per cent of EU car ...

Cyprus recorded its highest-ever tourism revenue for the month of August this year, reaching €511.4 million. This marks a 5.9 per cent increase compared to August 2023, which saw €483 million in revenue, according ...

Industrial production in Cyprus increased by 1.2 per cent in August 2024 compared to August 2023, according to a report released this week by the Cyprus Statistical Service (Cystat). According to the report, ...

The government announced a series of measures on Wednesday to combat rising energy costs, including subsidies, VAT reductions and housing policies designed to support vulnerable groups. The decisions were taken ...

Lieutenant General Osama Rabie, head of the Suez Canal Authority, met Cyprus’ Deputy Shipping Minister, Marina Hadjimanolis, in Ismailia on Tuesday to discuss collaboration on sustainable maritime practices and the ...

The Energy Ministry announced on Wednesday that it led Cyprus’ presence at GITEX Global 2024 in Dubai. Cyprus’ participation at the event, the ministry explained, showcased the country’s advancements in ...

Cyprus tourism saw a solid October with rising hotel occupancy, president of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides said on Wednesday. In addition, Michaelides said that November bookings are ...

Empowering businesses in Cyprus with the latest digital marketing trends is no small task, but as the digital landscape evolves, it has become essential for businesses aiming to stay ahead ...

PwC Cyprus celebrated the achievements of its top-performing trainee accountants in the recent ACCA exams at a ceremony on October 23, 2024, at the PwC Experience Centre.  Attended by CEO Philippos Soseilos ...

Total sales of oil products in Cyprus reached 130,124 tonnes in September 2024, marking a marginal decrease of 0.4 per cent compared to September 2023, according to a report from the Cyprus Statistical Service (...

Cyprus’ refinancing needs will remain within manageable levels for the coming years, well below the ten per cent of GDP threshold. Projections estimate requirements at around three per cent of ...

Cyprus recorded a negative annual net financial position of -€29.12 billion in 2023, according to a report released on Tuesday by the state’s statistical service. As of December 31, 2023, the total ...

The Ministry of Energy, Commerce, and Industry on Tuesday approved changes to the “conserve and upgrade for businesses and other entities” grant scheme. The scheme aims to provide support for ...

Limassol led Cyprus’ high-value real estate market in September, driving €29.8 million in top property sales, according to real estate analytics firm Ask Wire. The district accounted for six of the ...

The Deputy Ministry of Tourism is set to launch a series of initiatives in 2025 to support, promote, and enhance Cyprus as a tourist destination, according to the budget it submitted ...

By Alexandros Clappas Sustainable finance has recently emerged as a key area of interest for modern investors and market participants. The term sustainable finance more broadly encompasses environmental, social, and ...

Cyprus Deputy Shipping Minister Marina Hadjimanolis is in Egypt to strengthen maritime cooperation between the two countries. Invited by Egypt’s Minister of Transport, the Cypriot minister will engage in ...

With the EU’s FuelEU Maritime regulation set to take effect in January 2025, Cyprus and Europe’s shipping sector face stringent emissions oversight, aiming to push the industry toward net ...

Cyprus’ refinancing needs will remain within manageable levels for the coming years, well below the ten per cent of GDP threshold. Projections estimate requirements at around three per cent of ...

If I ask you to say the first thing that comes to mind when I say “short-term rentals”, what would that be? Short-term rentals, or STRs for short, have become ...

Financial support and advisory services are essential for Cyprus’ small and medium-sized enterprises (SMEs) to enhance resource efficiency, according to a Eurobarometer survey. The survey, published by the European Commission, ...