Cyprus Business News

In an effort to strengthen their existing cooperation and explore opportunities in the realm of technology and cybersecurity, the Digital Security Authority and the Cyprus Chamber of Commerce (Keve) recently ...

The Republic of Cyprus’ government bond yields have recently shown signs of stabilisation, with the average weighted yield of July bonds reaching 3.64 per cent, compared to 3.61 per cent in the ...

Cyprus’ Gross Domestic Product (GDP) growth rate and inflation rate are expected to reach 3 per cent, respectively, for 2023, consistent with the predictions made in May, according to a report released ...

After a successful annual general meeting held on July 17, 2023, the CFA Society Cyprus has introduced its newly elected board of directors for the term 2023-2024, led by the newly appointed ...

Real estate agent council determined to safeguard profession from illicit practices In what was described as an “unbelievable incident” exposing the audacity of illegal property brokers, a woman, posing as ...

The Cyprus Productivity Centre (KEPA) has issued an open invitation for individuals to express their interest in providing training services as part of the National Action Plan for the European ...

Local airline Cyprus Airways on Monday released a report detailing its performance during June 2023, during which it carried 59,110 passengers, doubling the figures from the same month of the previous year, ...

Here are the top business stories in Cyprus from the week starting July 17: Tourist arrivals in Cyprus experienced a significant increase of 22.7 per cent in June 2023 compared to the same ...

Plum, the smart money app whose Cypriot office is located in Nicosia, on Friday, announced that it is revolutionising the stock investment experience for customers in Cyprus with the introduction ...

Kition Ocean Holdings this week announced that it has decided to extend the low berthing fees for the next quarter, following a meeting with the local representative of the Pan-Cyprian ...

The ECB this week released the latest version of its Household Finance and Consumption Survey (HFCS) report, providing insight into the financial state of households in Cyprus and the Eurozone, ...

Under the overarching theme of Transparency, the 4th Cyprus Forum is set to take place this year, organised by the non-governmental organisation Oxygono, in collaboration with the Delphi Economic Forum. ...

Euromoney, one of the leading international magazines focused on banking, finance and financial markets, has named the Bank of Cyprus as the ‘Best Bank in Cyprus’ in its 2023 Awards for ...

Cyprus-based investor and entrepreneur Alexey Gubarev this week confirmed that he has recently sold Servers.com, a provider of bare metal services with customers and data centres across North America, ...

The Association for the Protection of Bank Borrowers (Syprodat) this week released a statement expressing its “deep regret” following the rejection of a controversial law proposal that aimed to grant ...

The harmonised inflation rate in Cyprus experienced a significant decline in June 2023 compared to the same period last year, reaching its lowest level in nearly two years, according to a ...

Cypriot Finance Minister Makis Keravnos on Wednesday stated that the economy is on a solid path, with the government closely monitoring developments to ensure its sustained progress in the coming ...

The Cabinet gave its approval on Wednesday to an agreement aimed at preventing double taxation and tackling tax evasion related to income taxes. The agreement, along with its corresponding protocol, ...

By Andria Kades and Iole Damaskinos EuroAsia Interconnector signed a record-breaking subsea cable deal with Nexans on Wednesday, however the positive development was overshadowed by Energy Minister George Papanastasiou confirming ...

The total amount of Non-Performing Loans (NPLs) in the Cypriot banking system reached €2.19 billion in April, with the NPL ratio against total loans remaining unchanged at 9 per cent. According to ...

Freedom Finance Europe, the European division of Freedom Holding Corp., has signed an exclusive partnership agreement with the football team FC Krasava at its new headquarters in Cyprus, according to ...

The Bank of Cyprus is issuing a new high-priority bond worth €300 million, capitalising on the positive momentum following the issuance of Additional Tier 1 capital in mid-June, according to a report ...

The fifty most valuable real estate transactions in the Cypriot property market during the month of June brought in a combined €79 million, according to a report released on Tuesday by ...

Fitch Ratings on Monday released a new report stating that the stable quality of Cypriot banks’ assets in the second half of 2023 will be supported by positive prospects for the ...