Cyprus Business News

Inflation in Cyprus increased to 1.5 per cent in November 2024, compared to November 2023, the statistical service reported on Thursday. This follows significant declines in September and October, when it stood at 0.7 ...

The Cyprus Shipping Chamber (CSC) on Thursday announced that it will host its first-ever ‘Love Shuttle’ on Sunday, December 8, at the Limassol pier. The event celebrates the chamber’s 35th ...

The 2024 FIDE World Rapid & Blitz Championships, one of the most prestigious chess events in the world, will debut in New York City’s financial district on December 26. This year, ...

Cyprus has revamped its planning and building permit system, cutting approval times to just 40 working days for small-scale developments, Interior Minister Constantinos Ioannou announced this week. The initiative is part ...

Cypriot DIY retail chain Superhome Centre is set to change ownership in a €94 million deal, it emerged this week. The prospective buyer is reportedly a billionaire investor of Greek descent, ...

Cyprus continues to offer some of the lowest deposit interest rates in the eurozone, according to data published this week by the European Central Bank (ECB). The report revealed that ...

CySEC officer Elena Karkoti on Thursday highlighted the ongoing issue of underrepresentation of women on corporate boards and in leadership roles. She described this phenomenon as “a profound social and ...

Cyprus is stepping up as a leading destination for international investment, president Nikos Christodoulides said on Wednesday. Speaking at the ‘EY Cyprus Attractiveness Forum 2024,’ the president outlined the government’s ...

The Central Bank of Cyprus (CBC) this week reported the registration of 16 bounced cheques worth €21,445 in November 2024. This represents a significant drop compared to previous months, as well as the ...

Invest Cyprus on Wednesday announced that it has concluded a successful mission to Saudi Arabia. The mission, the agency said, will help facilitate future collaborations, supporting the country’s objective ...

New loans in Cyprus rose in October, mainly due to increased corporate borrowing over €1 million, which experienced the sharpest drop in lending rates, according to the Central Bank of Cyprus (...

The turnover value index for transport and storage in Cyprus grew by 2 per cent in the third quarter of 2024, reaching 145.1 units, according to the Cyprus Statistical Service (Cystat). Annual growth ...

Administrative, support, and real estate services in Cyprus performed well during the third quarter of 2024, according to the latest services turnover value index report.  Specifically, according to the Cyprus Statistical ...

The number of registered unemployed individuals in Cyprus dropped by 12.4 per cent in November 2024, compared to the same month a year earlier, according to the Cyprus Statistical Service (Cystat). Data ...

Invest Cyprus on Wednesday announced that it has concluded a successful mission to Saudi Arabia. The mission, the agency said, will help facilitate future collaborations, supporting the country’s objective ...

Cyprus on Wednesday showcased its advantages as a tax destination during a gathering in London, highlighting benefits for high-net-worth individuals amid UK tax reforms. The event, titled ‘Non-Doms: The Cyprus ...

Cyprus achieved record-breaking tourism results in 2024, according to Deputy Minister of Tourism Costas Koumis. Speaking at the annual general assembly of the Association of Cyprus Travel and Tourism Agents (ACTA), ...

Cypriot businesses have accelerated their digital transformation efforts in 2024, according a study on the use of information and communication technologies (ICT) and e-commerce. Conducted by the Cyprus Statistical Service (Cystat), ...

Playgama, a game tech platform with a presence in Cyprus, announced on Tuesday that it raised $3 million in a funding round led by The Open Platform and s16vc. The ...

Cypriot businesses have accelerated their digital transformation efforts in 2024, according a study on the use of information and communication technologies (ICT) and e-commerce. Conducted by the Cyprus Statistical Service (Cystat), ...

GDEV Inc., a global gaming company based in Limassol, reported a 5 per cent quarter-on-quarter revenue increase for Q3 2024, reaching $111 million. However, revenue was down 9 per cent compared to the same ...

The European Commission is considering extending state-owned Cyprus asset management company Kedipes’ business plan until 2030, as outlined in the EU’s 17th Post-Programme Surveillance Report. The extension reflects recent performance ...

The global payments landscape is poised for transformative growth in 2025, driven by a surge in digital wallets and open banking adoption, according to a survey by payabl., a European financial ...

Anymaster founder Diana Verkhoturova recently gave an interview to Forbes magazine, detailing the Cypriot start-up’s ambitious plans to establish a strong presence in Greece. Founded in 2023 in Limassol, Anymaster ...