Cyprus Business News

Cyprus experienced a substantial improvement in its current account deficit during the second quarter of the year, which narrowed to €346.1 million from €1.04 billion in the same period last year, according ...

The International Monetary Fund (IMF) has painted a positive picture of Cyprus’ fiscal outlook, predicting significant primary surpluses and a substantial reduction in public debt, expected to dip below the ...

Cyprus has experienced a 3.85 per cent reduction in ship management revenues for the first half of 2023, according to a survey on ship management conducted by the Central Bank of Cyprus (...

Alpha Bank Cyprus on Wednesday announced that it has undergone a reorganisation of its management structure, combined with an expansion of its executive committee, according to a company statement. The ...

The ambassador of Finland and the mayor of Paphos confirmed their interest in building a close cooperation in the fields of tourism and culture. In a meeting held on Tuesday ...

Ariana Resources, an AIM-listed mineral exploration and development company with gold mining interests in Europe, as well as copper-gold exploration and development projects in Cyprus and Kosovo, has released its ...

The Cyprus Statistical Service (Cystat) this week reported a remarkable 35 per cent increase in total vehicle registrations in September 2023, compared to the same month in 2022, with the number reaching 4,607 vehicles, ...

The International Monetary Fund (IMF) on Tuesday lowered its growth projections for Cyprus for the year 2023, citing various economic factors for this decision. According to the fund’s World Economic ...

President of the Cyprus Union of Shipowners Andreas Hadjiyiannis this week discussed the critical juncture facing European shipping, noting that the sector is currently fighting against a number of challenges. ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday issued a warning that certain people are impersonating CySEC representatives on social media platforms in order to defraud them. This alert ...

In a move aimed at bolstering its regulatory framework in the cryptocurrency sector, Cyprus is planning to introduce stringent penalties for cryptocurrency service providers (CSPs) who fail to register with ...

The Cyprus property market is witnessing a downturn in the issuance of construction permits, with a simultaneous increase in the total value of authorised units. This trend is evident in ...

Parklane, a Luxury Collection Resort & Spa, on Monday announced its recent accolades in the prestigious Conde Nast Traveler Readers’ Choice Awards. Recognised for its unwavering commitment to delivering unparalleled ...

Cypriot real estate data analytics firm, Ask Wire, specialising in the Cyprus and Greece property markets, has successfully closed its extension funding round, according to a statement by the company. ...

Cyprus’ economy may be resilient enough to withstand the fallout from the conflict between Israel and Hamas, however the island may also be classed as a danger zone if the ...

Global cruise giant Royal Caribbean is taking another significant step to solidify its presence in Cyprus by gearing up for the inauguration of its European office in Limassol on Wednesday. ...

President Nikos Christodoulides highlighted the significant role of the shipping industry in Cyprus’ economy during his address on Monday at the opening of the international Maritime Cyprus 2023 conference held in ...

The Cyprus Securities and Exchange Commission (CySEC) unveiled its comprehensive “Investor Guide to Sustainable Investing” on Monday, shedding light on the growing importance of sustainable investing and providing essential insights ...

A commitment to work towards the further development and strengthening of the shipping sector in Cyprus was expressed by President Nikos Christodoulides. Addressing the opening reception of the “Maritime Cyprus 2023” ...

Here are the top business stories in Cyprus from the week starting October 2: The Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou on Friday used his keynote address ...

DP World Limassol, the port management company of Limassol port, is positioning itself as the ideal service centre for the region’s burgeoning oil and gas operations, according to CEO ...

For the second consecutive month, Cyprus saw a surge in inflation in September, primarily due to an increase in food prices, pushing the annual inflation rate to 4 per cent, according ...

A recent consumer behaviour study conducted by the Consumer Protection Service reveals that 83 per cent of consumers visit more than one supermarket each month to make their purchases. The primary ...

TUS Airways conducted its first-ever flight from Larnaca to Dubai last Sunday, as stated in a press release issued by the airline. Flight U8 684, operated by TUS Airways, utilised a ...