Cyprus Business News

Bars and restaurants across Cyprus experienced a notable decline in occupancy rates, with the drop in guests ranging from 25 per cent to 30 per cent in June, according to Neophytos Thrasyvoulou, ...

Cyprus-based PropTech startup buildbuild, which develops software for managing construction projects and increasing their marginality in the small and midsize (SMB) sector, announced this week that it has raised $1.25 million ...

Following a decision by the Board of Directors of Alpha Bank Cyprus and the necessary approvals from regulatory authorities, Miltos Michaelas has taken on the role of CEO of Alpha ...

Preliminary data released by the state’s statistical service on Thursday revealed a 7.2 per cent increase in average gross monthly earnings for employees during the first quarter of 2023, compared to ...

According to data released by the Central Bank of Cyprus (CBC) this week, total deposits in May recorded a net increase of €164.8 million, reaching €52 billion. In addition, loans saw a ...

Council for Registration of Real Estate Agents president Marinos Kineyirou on Wednesday said that the organisation’s efforts have helped to correct the misconception about the use and purpose of ...

Christina Achilleos, an expert EU Funding Consultant from Larnaca, Cyprus, recently took centre stage as a distinguished panellist at the Carpathian Startup Fest in Rzeszow, Poland on June 15-16 2023, representing ...

Thanos Michaelides has been elected as the new president of the Cyprus hoteliers association (Pasyxe), following an election that took place this week, according to an official announcement by the ...

The Cyprus Shipping Chamber (CSC) on Wednesday welcomed the ratification of the Hong Kong Convention on Safe and Environmentally Sound Ship Recycling by Bangladesh, one of the leading countries in ...

Deputy Minister of Tourism Kostas Koumis announced on Wednesday the approval of a memorandum of understanding with Saudi Arabia in the tourism sector, as well as the establishment of a ...

The bank also reiterated its complete adherence to sanctions issued by the US, EU and UK Hellenic Bank CEO Oliver Gatzke addressed shareholders, employees and other participants at the bank’...

Limassol-based broker Freedom Finance Europe this week announced that it served as a general partner of the recently-held Cyprus-Kazakhstan Business Forum, which took place in Almaty, Kazakhstan, on June 21. The ...

The Cypriot flag has been included among the flags of countries listed in the white list of the Paris and Tokyo memoranda, according to Deputy Minister for Shipping Marina Hadjimanoli. ...

Total petroleum product sales in Cyprus reached 122,581 metric tons in May 2023, marking a 1.4 per cent increase compared to May 2022, according to a report released this week by the Cyprus Statistical ...

Economic sentiment in Cyprus experienced a significant improvement in June 2023, as the Economic Uncertainty Index (EUI) dropped to its lowest level in the past three years, according to a report ...

In a speech delivered at the Hydrogen & Green Gases Forum held last week in Athens, Cyprus Energy Regulatory Authority (CERA) chairman Andreas Poullikkas emphasised that until the completion of ...

Pledging to support vulnerable groups where needed while maintaining an ardent fiscal policy, Finance Minister Makis Keravnos on Tuesday said he expected more action from banks to absorb increasing interest ...

Hellenic Bank remains focused on its goal to contribute towards a sustainable transition of the economy, aiming for a long-term positive impact on society and the environment. This commitment is ...

Local voices discuss the labour and business implications of artificial intelligence By Kyriacos Nicolaou The seemingly sudden yet profound market penetration of artificial intelligence has caused tremors in both the ...

Here are the top business stories in Cyprus from the week starting June 19: Hellenic Bank on Friday released its financial results for the first quarter of 2023, posting a profit of €69.7 ...

Davion Healthcare, a renowned medical company specialising in the design, development, manufacture, and global distribution of medical products and services, has relocated its €64 million business from the United Kingdom to ...

In a move that seeks to transform the real estate industry in Greece and Cyprus, CGSoft, a leading provider of property software solutions, and Cypriot fintech firm Ask Wire, joined ...

In an encouraging sign for the Cyprus economy, the Wholesale Trade Turnover Index experienced a remarkable 11.1 per cent increase during the first quarter of 2023, according to a recent report released ...

Cyprus Deputy Minister of Tourism Kostas Koumis this week stated that direct air connectivity between Cyprus and Kazakhstan will become possible next year. According to a statement from the ministry, ...