Cyprus Business News

Cyprus Finance Minister Makis Keravnos on Wednesday announced that the Cabinet of Ministers has approved another action within the Recovery and Resilience Plan, focusing on the framework and action plan ...

The association of professional first aid training providers, the First Aid Providers of Cyprus, was inducted into the Larnaca chamber of commerce, with the aim development and promotion of the ...

The Research and Innovation Foundation (RIF) is set to kickstart a dynamic series of networking workshops that aim to bridge the gap between the research and business communities. These workshops, ...

The Cyprus Chamber of Commerce & Industry (Keve) on Tuesday said that in a rapidly evolving technological landscape, blockchain technologies have emerged as game-changers, offering both opportunities and complexities for ...

The Paphos Regional Tourism Board (Etap) this week announced that through its commitment to boost the sector in the district, it has proceeded with an initiative of enhancing the ‘Paphos ...

The Cyprus Statistical Service (Cystat) on Tuesday released a report showing a notable decrease in the number of registered unemployed individuals for the month of August 2023, both on an annual ...

International Ecosystem PIN-UP Global is taking part in the SiGMA Balkan & CIS 2023 conference, being held in Cyprus over September 4-7, 2023. The gambling business’ best representatives will be named during ...

Here are the top business stories in Cyprus from the week starting August 28: Hellenic Bank announced on Wednesday that it posted a profit of €160.2 million during the first half of 2023, ...

“Do something not only for yourself but also for others”: an interview with Mariusz Gasiewski, founder of GameCamp by Google, about the future of communities and the tech industry, and ...

International credit rating agency Standard and Poor’s Global Ratings has upgraded the prospects of the Cypriot economy from stable to positive, citing the ongoing macroeconomic stabilisation. At the same ...

Net new loans in Cyprus showed a modest recovery in July 2023, reaching €300.5 million compared to €240 million in the previous month. For the period from January to July, net new loans ...

Washington has weighed into a dispute between Cyprus and international companies led by Chevron over how to develop a giant offshore gas field, backing the US company’s plan to ...

The Paphos Regional Tourism Board (Etap) this week reported that it expects increased flight activity during the winter season of 2023-2024. In an official statement, Etap executive director Nasos Hadjigeorgiou ...

Cyprus’ industrial producer prices saw a 3 per cent decline in July 2023 compared to the same month in 2022, according to data provided by the Cyprus Statistical Service. However, the year-to-date figures ...

Cyprus’ national Fiscal Council this week called for immediate planning to gradually address the government’s debt to the Social Security Fund, amidst ongoing surplus reports in the general government ...

Cyprus experienced a decrease in acceptance deposit rates (for new placements) within its banking system during the month of July, despite consecutive increases in the European Central Bank’s (ECB) ...

The Cypriot economy experienced a notable deceleration in its growth rate during the second quarter of 2023, with GDP growth slowing to 2.1 per cent compared to the same period in 2022. This ...

By Andrey Afanasiev Embedded finance changes the way people interact with financial services. Nowadays, financial companies are the points of contact for financial services customers. For example, when we purchase ...

The local real estate market has also seen a surge in property sales in Larnaca The Cyprus Real Estate Registration Council this week has unveiled a comprehensive analysis of the ...

The Cyprus Borrower Protection Association (Syprodat) on Thursday said that the “serious and vigorous efforts” made by the Minister of Finance to provide relief to borrowers have been warmly welcomed ...

The City of Dreams Mediterranean casino resort is playing host to its inaugural major conference, as the three-day “M&I Europe Summer 2023” forum kicked off in Limassol earlier this ...

Wargaming, a prominent player in the gaming industry, has announced its decision to sell its remaining stake in Hellenic Bank to Eurobank. The deal, valued at €65.9 million, encompasses Wargaming’s 6.8 ...

The Cyprus Tourist Enterprises Association (Stek) on Wednesday issued a warning about the unchecked operation of short-term rentals and the escalating influx of tourists into the occupied areas, highlighting “asymmetric ...

The proposed measures by the government aimed at reducing non-performing loans (NPLs) will not effectively contribute to their reduction, the Association for the Protection of Bank Borrowers (Syprodat) said in ...