Cyprus Business News

Consulting and advisory firm PwC Cyprus presented the key findings of its 13th annual survey for CEOs in Cyprus at an event on Thursday, which was held under the theme ...

Deputy Minister of Tourism Kostas Koumis has denied claims that Cyprus’ tourist arrivals for 2024 will fall short of more than 500,000 seats compared to the previous year. Despite the challenges ahead, ...

Cyprus’ Business Turnover Index in Transportation and Storage reached 143.1 units in the fourth quarter of 2023, with 2015 being the base year, reflecting a 6 per cent increase compared to the same quarter ...

Cyprus took part in the 5th session of the Regulatory Authority Advisory Committee (RAAC), held on February 7, with discussions primarily revolving around the short-term and medium-term prospects for natural gas ...

The Cyprus Shipping Chamber (Kne) on Tuesday released a statement welcoming the official launch of the EU maritime security defence operation in the Red Sea, known as ‘ASPIDES’. The chamber’...

Cyprus experienced a yearly drop in tourist arrivals in January 2024, the first time this has happened since March 2021, thus interrupting a long-running positive streak in tourist numbers. According to a ...

Ksenia Bitulina, an HR specialist with over 20 years of experience, recently used her participation at an event held by bbf: in Limassol to offer insights into the rapidly evolving landscape ...

Chairman of the Cyprus Energy Regulatory Authority (CERA) Andreas Poullikkas on Tuesday explained that significant reforms are needed in order to navigate the transition toward renewable energy sources. In an ...

Cyprus experienced a notable increase in road freight transportation during the third quarter of 2023, indicating a positive trend in the movement of goods, both within Cyprus, as well as to ...

The International Student Identity Card (ISIC), which offers discounts to students, has extended its reach to Cyprus, according to an announcement released on Monday. “Following its successful trajectory in Greece ...

An increasing number of customers are using the Bank of Cyprus’ digital channels, for both banking and insurance products, leading to a large increase in digital sales of insurance plans, ...

The Association of Cyprus Tourist Enterprises (Stek) on Monday released a statement expressing concern about the island’s tourism prospects for 2024, highlighting significant challenges ahead. During a recent session, the ...

The Cyprus Mail’s Souzana Psara recently spoke with Genia Boustany, director of Poseidonia Hotel, about its sustainability journey, focusing on its transition to a circular operating model. In January 2022, ...

Deputy Minister of Tourism Kostas Koumis on Monday travelled to La Hulpe, in Belgium, to attend the informal meeting of the EU Tourism Ministers, which is taking place under the ...

The Cyprus Shipping Chamber (Kne) on Monday released a statement urgently requesting the release of the crew of Galaxy Leader, a vehicle-carrying vessel, which has been captured by the Houthis. ...

The Bank of Cyprus on Monday released its financial results for the fiscal year ending December 31, 2023, posting a profit after tax of €487 million, with new lending reaching €2 billion in total. “2023 ...

Here are the top business stories in Cyprus from the week starting February 12: In a recent development, Cyprus’ Research and Innovation Foundation on Monday announced that it is joining forces ...

In the European maritime arena, Cyprus plays a notable role in advancing sustainable shipping practices, with a focus on initiatives led by key industry player Lemissoler Navigation. This exploration delves ...

The implementation of development expenditures in the Cyprus state budget for the year 2023 has reached 72 per cent, compared to 70 per cent in 2022 and 69 per cent, the annual average of the ...

Minister of Transport Alexis Vafiadis this week met with the newly appointed board of the Cyprus Ports Authority, engaging in discussions that focused on a number of key issues, including ...

Government employment in Cyprus witnessed a significant increase of 2,687 people (5.2 per cent) in January 2024, compared to the corresponding month in 2023, reaching a total of 54,706 people, as reported by the Cyprus ...

The Alpha Bank Group’s role in supporting the continued growth of Cyprus’ economy was discussed in a series of important meetings, according to an announcement released by the bank ...

The Cyprus Investment Funds Association (CIFA) this week held its annual general meeting (AGM), which sought to highlight the significant role and contributions of the investment funds sector in driving ...

Freedom Holding Corp. (FRHC), the founder of Freedom Finance Europe, on Friday released its financial results for the third quarter of the fiscal year 2023, ending on December 31, 2023, reporting an impressive ...