Cyprus Business News

City of Dreams Mediterranean, Europe’s first integrated casino resort, officially opened its doors this week, with high hopes that it would usher in a new era for tourism. The ...

The President of the Paphos Hoteliers’ Association Evripides Loizides this week expressed satisfaction with the outlook of the tourism sector in Paphos, saying that hotel occupancy rates in the district ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced that it will be hosting a sustainable tourism conference on Wednesday, July 12, 2023, at 17:00. The event, titled “A Journey towards ...

National investment promotion agency Invest Cyprus on Monday announced that in the context of a forum taking place this week, it has joined forces with the ANIMA Network to launch ...

A total of 35 dishonoured cheques, with a total value of €67,609, were issued in June 2023, while 16 persons (10 legal and 6 natural) were recorded in the preliminary list of the Central Information Register (...

By Tanya Romanyuka, Head of Operations at TechIsland In the ever-evolving tech landscape, it’s undeniable that the role of HR has dramatically changed. It is no longer confined to ...

An interview with Polys Polydorou, Regional Manager, for Limassol and Paphos, Altia Can you provide an overview of the real estate market in Paphos and Limassol? How has it evolved ...

The Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou, is in New York where he will participate in The Economist New York – Eastern Mediterranean Business Summit, which takes ...

Here are the top business stories in Cyprus from the week starting July 3: Cyprus’ tourism revenue reached €217.6 million in April 2023, compared to €185.1 million in the same month of the previous ...

New corporate loans exceeding €1 million experienced a significant surge, totalling €599.1 million, in May 2023, driving the total amount of all new loans to €1.07 billion, compared to €473.9 million in the previous month. ...

President Nikos Christodoulides this week underscored the government’s commitment to the shipping industry and praised the multifaceted work of the Cyprus Shipping Chamber (CSC) during a formal meeting held ...

Cyprus experienced a significant decline in inflation during June 2023, reaching its lowest level in the past 25 months, according to a report released this week. The inflation rate was measured at 1.9 ...

The recently published European Innovation Scoreboard 2023 reveals that Cyprus has showcased robust innovation performance, positioning it as a strong innovator and above the European Union (EU) average. The report emphasises ...

Deputy Minister of Tourism Kostas Koumis described Saudi Arabia as a potentially significant tourism market for Cyprus. The minister’s comments were made during his visit to Saudi Arabia this ...

The number of registered unemployed individuals in Cyprus in June 2023 reached its lowest level in the past 17 months, according to seasonally adjusted data released this week by the state’s ...

The CYENS Centre of Excellence and the Cyprus University of Technology (Tepak) this week signed a cooperation agreement with the aim of further developing joint activities in the fields of ...

The Housing Price Index (HPI) in Cyprus experienced a substantial increase of 5.9 per cent during the first quarter of 2023 compared to the same period in 2022, according to a recent preliminary ...

The annual International Investment Awards ceremony, which was organised by Invest Cyprus, was held with great success, according to an announcement released on Thursday by the agency. Notably, the event ...

Cyprus’ wholesale and retail sector experienced a notable rebound in 2021, recording a 15.2 per cent increase in business volume compared to the challenging year of 2020, which was marred by strict Covid-19 ...

International fintech company Admirals, whose Cypriot offices are located in Nicosia and Limassol, recently endorsed the Cyprus Padel League Finals, an event which took place at the Mall of Cyprus ...

The governor of the Central Bank of Cyprus Constantinos Herodotou and the president of the European Banking Authority Jose Manuel Campa this week emphasised the potential for positive synergies between ...

Cyprus’ airports experienced a promising first half of 2023 as passenger traffic soared, marking a remarkable 3 per cent increase compared to the corresponding period in 2019. Hermes Airports, the company tasked with ...

Consulting and advisory firm PwC Cyprus on Tuesday said that its foundation is ushering in a new approach to social contribution, focusing on the three core pillars of education and ...

The Retail Sales Value Index in Cyprus recorded a year-on-year increase of 8.7 per cent in May 2023, while the Retail Sales Volume Index remained more subdued at 6.1 per cent, reflecting the ...