Cyprus Business News

The General Secretariat for European Affairs of the Ministry of Foreign Affairs coordinated a study visit of EU officials on Monday, with the aim of enhancing relations between the administrations ...

The Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou, will participate on Wednesday, May 24 2023, in the European Central Bank (ECB) Governing Council non-monetary policy meeting in Frankfurt. A ...

By George Sklavos The smooth transition to the digital age is one of the toughest challenges facing the banking sector in Cyprus. We are living in a time when everything ...

Property sales rose by 20 per cent between January and the middle of May, compared to the corresponding period of 2022, according to the head of the Department of Lands and Surveys ...

The course and prospects of the Cypriot economy, as well as issues pertaining to EU funds until 2027, took centre stage during a meeting between Finance Minister Makis Keravnos and European ...

Below are the top business stories from Cyprus for the week starting May 15: Tourist arrivals in Cyprus experienced an increase of 18.5 per cent in April 2023, compared to the same period ...

Council for Registration of Real Estate Agents president Marinos Kineyirou this week urged any stakeholders in this space to invest in cybersecurity measures in order to not endanger both their ...

The European Maritime Day in Cyprus commenced with a grand opening ceremony held at Larnaca’s Medieval Castle on Thursday, according to an announcement released yesterday. The event, organised by ...

The Cyprus Association of Research and Innovation Enterprises (KSEEK-CARIE) and the French Maritime Industry Association (GICAN) this week signed a Memorandum of Cooperation, aiming to strengthen defense and industrial cooperation. ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday stated that it has recently detected additional cases of fraudulent impersonation of CySEC officers and representatives, following an earlier warning, issued ...

Cypriot firm Ask Wire on Friday released a report examining the age of buildings in the city and suburbs of Limassol, helping to outline the trajectory of residential development over ...

Europe’s growing dependence on imported critical raw materials (CRMs) should be viewed as a major concern, according to recent comments by Mark Rachovides, chairman of Cyprus mining company Venus ...

The vice-president of the Cyprus Chamber of Commerce and Industry (Keve), Andreas Demetriades, this week highlighted the concerning issue of soaring rental costs, which, in many cases, exceed the means ...

Construction Price Index The Construction Price Index in Cyprus experienced a deceleration for the third consecutive quarter in April, indicating a slight alleviation of inflationary pressures within the sector. The ...

The Central Bank of Cyprus (CBC) on Wednesday reported a decrease in non-performing loans (NPLs) at the end of February 2023. NPLs decreased by approximately €60 million compared to the previous month, ...

The Ministry of Finance this week stated that while the Cypriot economy is facing a period of increased uncertainty, its growth rate remains relatively high compared to other EU countries, ...

As Cyprus braces for an almost inevitable new wave of sanctions to hit soon, the government conceded on Wednesday the effect on Cyprus’ services sector has been detrimental. The impact ...

The Cyprus Statistical Service (Cystat) on Wednesday reported a notable deceleration in harmonised inflation for the month of April. According to the report, the Harmonised Index of Consumer Prices (HICP) ...

Robust growth in tourist arrivals in Cyprus reaffirms post-pandemic recovery Tourist arrivals in Cyprus experienced an increase of 18.5 per cent in April 2023, compared to the same period last year, according ...

The Minister of Finance Makis Keravnos participated in the work of the Economic and Financial Affairs Council (ECOFIN), which ended on Tuesday afternoon in Brussels. According to an announcement by ...

The Cypriot economy maintained its strong momentum in the first quarter of 2023, with the GDP showing a growth rate of 3.4 per cent on an annual basis. However, there are signs ...

The Bank of Cyprus has prepared a proposal aimed at reducing lending rates, which has been submitted to the Central Bank of Cyprus, according to the group’s CEO Panicos ...

Banks need to take immediate measures to address climate change, said the Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou, during a conference on climate change held on ...

The Bank of Cyprus on Tuesday announced that it generated a €95 million after-tax profit for the first quarter of 2023, a significant improvement over the corresponding period of 2022, when it recorded ...