Cyprus Business News

The balance of deposits in Cyprus reached €51.9 billion in March 2023, while the balance of total loans amounted to €25.1 billion, according to a report published on Tuesday by the Central Bank ...

Hermes Airports, the consortium that manages and controls the island’s two International Airports, on Tuesday released a statement welcoming Jazeera Airways to Cyprus. Jazeera Airways, a low-cost carrier based ...

Cyprus has been identified as a “potential rising star” for the rise of its credit rating in the investment category, according to a report released on Monday by global rating ...

The latest Cabinet decision revising criteria for third country nationals who are investing in Cyprus comes in tandem with a slew of other measures the interior ministry wants to take ...

Here are the top business stories in Cyprus from the week starting April 24: Cyprus’ shipping industry will continue to improve, according to the country’s Deputy Minister of Shipping, as ...

Calls for government intervention to support affected buyers and the real estate sector With property prices and rents continuing to spiral during the first quarter of the year, calls have ...

Exante, a global investment company with a presence in Cyprus, this week held an event in Limassol which sought to provide insights on current economic trends and what might be ...

Deputy Minister of Shipping Marina Hadjimanoli this week said that as a leading maritime nation, Cyprus has a duty to accelerate the shipping sector’s transition into a low-carbon and ...

Non-performing loans (NPLs) in Cyprus remained steady at 9.5 per cent of total loans at the end of January 2023, as in the previous month, while absolute NPL numbers rose by around €13 ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced that a tripartite business mission to Almaty, Kazakhstan is set to take place on 16-19 May 2023. The mission, which ...

The Cyprus Chamber of Commerce and Industry (Keve) and the Cyprus-Southeast Asia Business Association this week announced that they came together to organise the first business mission and forum in ...

By Sarah Ktisti The government will take all necessary measures to protect Cyprus’ name as a reliable business and investment centre President Nikos Christodoulides said on Friday. Speaking at the ‘...

The Cyprus Chamber of Commerce and Industry (Keve), in collaboration with the Polish Cypriot Chamber of Commerce, this week held a business event titled “IT for security and security for ...

The total sales of petroleum products in Cyprus decreased by 6.7 per cent in March 2023, compared to the same month in 2022, while showing an increase of 3.7 per cent compared to February 2023, ...

The Economic Sentiment Index (ESI) for Cyprus decreased by 2.8 points in April 2023, compared to the previous month, indicating a worsening of economic sentiment, according to a report by the Centre ...

Hellenic Bank on Thursday released a statement in which it underlined its support for the shipping industry and its people, something which is reflected through its backing of this year’...

Cyprus’ trade deficit for 2022 amounted to €7.1 billion, according to a report released this week by the Cyprus Statistical Service (Cystat). The report revealed that the main trading partner for Cyprus ...

National investment promotion agency Invest Cyprus on Thursday announced that it will be holding an event at the Delphi Economic Forum in Greece to promote the country and attract new ...

Cyprus Deputy Minister of Tourism Costas Koumis recently met with strategic partners in London in order to ensure a strong summer tourist season and a solid autumn. Speaking to the ...

The state’s Public Debt Management Office this week explained that the interest rate risk for the debt of the Republic of Cyprus remains subdued, despite the ongoing increase in ...

International credit rating agency S&P Global Ratings (S&P) on Wednesday upgraded the Bank of Cyprus and revised its outlook from stable to positive, citing the bank’...

Cypriot real estate and technology company Ask Wire on Wednesday released the latest iteration of its property market index, updated to include the first quarter of 2023, revealing that property prices ...

The general secretary of the labour union PEO Sotiroula Charalambous this week announced that the union will meet with the Labour Minister on Friday to have a discussion over the ...

The Cyprus IT Enterprises Association (CITEA), a member of the Employers and Industrialists Federation (Oev), announced this week that it held a meeting with the new Deputy Minister of Research, ...