Cyprus Business News

National flag carrier Cyprus Airways on Wednesday announced the launch of direct flights between Larnaca and Brussels International Airport, in what is being described as a significant move to boost ...

The lending interest rate for home purchases hit 4.91 per cent in October 2023, according to the Central Bank of Cyprus’ (CBC) latest Monetary and Financial Statistics report. At the same time, ...

The Bank of Cyprus has clinched the coveted title of “Bank of the Year” in Cyprus for 2023, bestowed by The Banker, a prominent global publication specialising in the banking and ...

Cyprus’ dynamic research and innovation scene had a strong showing at this year’s SLUSH 2023, an innovation-driven startup event held in the heart of Helsinki every year. The event attracted ...

The number of registered unemployed individuals in Cyprus decreased to 12,662 by the end of November 2023, according to a report released by the Cyprus Statistical Service (Cystat) on Tuesday. The Statistical ...

As the Chief Marketing Officer at Adsterra, Gala Grigoreva’s role involves overseeing branding and marketing from every angle and driving product growth by fostering continuous connections between the market ...

Students from the Department of Civil and Environmental Engineering at the University of Cyprus recently engaged in an educational initiative with Cyfield Group, according to an announcement released on Monday. ...

Outgoing Cyprus Chamber of Commerce & Industry (Keve) president Christodoulos Angastiniotis on Monday used his speech at the chamber’s annual general meeting to touch on several issues, including the ...

In a rapidly evolving financial landscape, the upcoming Forbes Cyprus Future of Fintech Summit has emerged as a key event, bringing together leaders, investors, policymakers, and experts to discuss the ...

The marinas of Ayia Napa, Rhodes, Symi and Kos announced on Monday the establishment of the Eastern Mediterranean Marinas Network (EMMN) to promote nautical tourism in the region. “The primary ...

Tourism revenue surged by 25 per cent in 2023 compared to the previous year, potentially marking a new record, according to Deputy Minister of Tourism Costas Koumis. Koumis had a meeting with ...

The Cyprus Borrowers Association (Syprodat) on Monday released a statement expressing its satisfaction with the official launch of the mortgage-to-rent scheme, which went into effect today. The scheme has already ...

The fifth edition of Cyprus 4.0 for 2023 focuses on Cyprus’ innovation and startup ecosystem, as well as the island’s leading international tech businesses that are contributing to Cyprus’ growth as ...

Here are the top business stories in Cyprus from the week starting November 27: The government and Chevron have agreed on the terms for developing the ‘Aphrodite’ gas field in block 12 ...

Beneath the surface of Cyprus’ workforce in 2023, beyond the stereotypes, complexities emerge among generations. Gen Z is labelled as overly sensitive, Millennials as cringe-worthy, Boomers as villains, and Gen X ...

Leading global IT services firm Kyndryl, which also has offices in Cyprus, this week released its technology sector predictions for 2024, spanning several key areas, including artificial intelligence, data governance, and ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday announced that, in partnership with the Faculty of Economics and Management (FEM) at the University of Cyprus, it recently organised an ...

The Business Turnover Index in Cyprus displayed mixed trends across sectors in the third quarter of 2023 when compared to the corresponding period of the previous year, according to a report ...

Cyprus’ Producer Price Index in the industrial sector reported a decline of 1.7 per cent, reaching 138.4 units, for the month of October 2023, according to a report by the Cyprus Statistical Service (...

Cyprus marked its presence in one of Europe’s most significant food and beverage exhibitions, presenting its distinctive booth featuring products from eighteen Cypriot companies. According to an announcement by ...

Deputy Minister of Tourism Kostas Koumis on Friday said that tourist arrivals from Poland are expected to exceed 300,000 in 2024, after having conducted a number of meetings with tourism stakeholders in ...

Real estate market sees €1.4 billion in property transfers, while sales documents hit €3.3 billion The Cyprus real estate market showcased remarkable resilience amid prevailing challenges, marking impressive achievements from January to ...

Cyprus-based maritime technology firm Tototheo Maritime has broadened its services, announcing a substantial expansion into the land enterprise market, according to a statement released on Thursday. The move sees the ...

The leadership of the Cyprus Hoteliers Association (Pasyxe) had the opportunity to gather insights into contemporary challenges faced by the Greek hotel industry, as well as upcoming international trends and ...