Cyprus Business News

Finance Minister Makis Keravnos on Saturday hailed rating agency Morningstar DBRS’ decision to give Cyprus a credit rating of BBB (high) and upgrade the island’s outlook from “stable” to “...

President Nikos Christodoulides expressed satisfaction with the appointment of Apostolos Tzitzikostas as the European Union’s new transport commissioner, the top EU post overseeing shipping, as well as the appointment ...

The profitability of the Cypriot banking sector surged in the first half of 2024, with after-tax profits rising to €602.92 million, compared to €345.64 million at the end of March 2024. According to the ...

Non-performing exposures (NPEs) within the Cypriot banking sector dropped to €1.70 billion at the end of June, down from €1.80 billion in March, according to the Central Bank of Cyprus (CBC). According ...

Chief Scientist Demetris Skourides participated in the inaugural AI and Web Festival Summit held in Dubai on September 11-12, according to an announcement released on Friday. This leading global event ...

The Cyprus Securities and Exchange Commission (CySEC) is participating in World Investor Week, scheduled for October 7-14, with a strong focus on financial literacy. “Financial literacy empowers citizens to manage ...

PwC Cyprus this week honoured the academic achievements of five trainees who distinguished themselves in the associate chartered accountant (ICAEW ACA) examinations. Prominent figures attended the award ceremony at the ...

President Nikos Christodoulides expressed satisfaction with the appointment of Apostolos Tzitzikostas as the European Union’s new transport commissioner, the top EU post overseeing shipping, as well as the appointment ...

Cypriot businesses are making real progress in innovation, with new products entering international markets, according to Research & Innovation Foundation (RIF) director general Theodoros Loukaidis. However, he explained that while ...

The number of building permits issued in Cyprus experienced a significant surge in June 2024 as local authorities worked to process a backlog of delayed applications. The rush to clear the ...

Deputy Minister of Tourism Kostas Koumis on Thursday said that Cyprus is likely to set a new record for tourist arrivals from France. Speaking during a series of meetings in ...

Deputy Minister of Tourism Kostas Koumis on Thursday said that Cyprus is likely to set a new record for tourist arrivals from France. Speaking during a series of meetings in ...

The Nicosia property market is experiencing strong demand for second-floor apartments, according to real estate analytics firm Ask Wire. The company also reported notable differences in asking prices, with amounts ...

National investment promotion agency, known as Invest Cyprus, on Thursday announced that it recently participated in the India Mediterranean Business Conclave 2024. The event, held on September 6 in New Delhi, was ...

Financial literacy and robust regulation are essential to strengthening household financial behaviour, according to a number of experts at a conference organised by the Central Bank of Cyprus (CBC) and ...

City of Dreams Mediterranean on Wednesday evening celebrated the official opening of the Marcos Baghdatis Tennis Academy. The resort described the event as the mark of “the beginning of a ...

Eurobank Cyprus on Thursday announced the appointment of Andreas Petsas as its new Chief Executive Officer (CEO), following a decision by the bank’s board of directors. According to the ...

Chief Scientist Demetris Skourides took part in the Learning Innovation Summit 2024 at the University of Nicosia, where he underlined the crucial role of the EU AI Act. Commenting on this ...

Hellenic Bank provided an update on the bank’s achievements and developments since early 2024 during its annual general meeting on Wednesday. In a statement, the bank said that the meeting “...

Melco Resorts & Entertainment, developer and operator of City of Dreams Mediterranean, on Tuesday evening hosted an event to promote Macao’s status as a travel, leisure, and business destination. ...

Hellenic Bank provided an update on the bank’s achievements and developments since early 2024 during its annual general meeting on Wednesday. In a statement, the bank said that the meeting “...

Cyprus’ construction materials price index for August 2024 recorded a slight decrease of 0.08 per cent when compared to the same month in 2023. According to a report released by the Cyprus Statistical ...

The Limassol Marina on Wednesday announced that it is celebrating its tenth anniversary through a number of special events. Since its launch, Limassol Marina has established itself as an award-winning, ...

Inflation in Cyprus, as measured by the Harmonised Index of Consumer Prices (HICP), rose by 2.2 per cent year-on-year in August 2024, according to a report from the Cyprus Statistical Service (Cystat) ...