Cyprus Business News

British budget airline easyJet on Tuesday released a six-month update on its results, ending March 31, 2023, which showed a £120 million improvement over the corresponding period of the previous year. The company, ...

The first phase of a scheme to transition hotel businesses to a circular economic model has begun in Cyprus, aimed at strengthening their competitiveness and resilience through sustainable practices. The ...

Cyprus-based venture capital firm 33East on Tuesday announced that it has been selected to manage the Cyprus Equity Fund, further helping to grow and develop the island’s startup and ...

A tender with an estimated value of €2 million for the preparation of a modernised bill and regulations covering the outdated companies’ law was announced by the finance ministry on Tuesday ...

The Bank of Cyprus has become the first bank in Cyprus and Greece to receive approval from the European Central Bank (ECB) to pay dividends, it announced on Monday. The ...

The European Commission has just published the 2022 edition of the ‘EU Regional Competitiveness Index’. Published every three years since 2010, the Index has been measuring ‘the ability of a region to ...

Here’s a summary of the top business news stories from the week starting April 10: Cyprus’ trade deficit soared by €1 billion in the first two months of 2023, reaching €1.87 billion compared ...

Limassol mayor Nicos Nicolaides this week spoke on the city’s efforts to prepare for a busy tourist summer season, particularly in terms of visitors arriving on cruise ships. According ...

The Cyprus Securities and Exchange Commission CySEC this week announced its decision to impose a fine of €1 million on the Cyprus Investment Firm Itrade Global (Cy) Ltd. According to an ...

The Central Bank of Cyprus (CBC) reported this week that its January 2023 Bank Loan Survey had recorded stricter lending criteria for all categories of loans, resulting in reduced supply and ...

Paphos plans to strengthen its tourism industry through development and innovation, according to Kyriakos Drousiotis, chairman of the district’s regional board of tourism (Etap). Drousiotis emphasised the agency’s ...

Larnaca is quickly becoming a popular tourist destination, according to Costas Koumis, the Deputy Minister of Tourism, who pledged to continue supporting the district’s efforts in making this happen. ...

Cyprus’ trade deficit increased by approximately €1 billion during the first two months of the year, compared to the same period last year, according to a report released this week by ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced the establishment of the Cyprus-Cambodia Business Association, which aims to promote and strengthen economic and business relations between the ...

Labour union Democratic Labour Federation of Cyprus (Deok) this week issued a statement expressing strong dissatisfaction with the “manifestly inadequate sentence” of suspended imprisonment imposed by the Larnaca permanent criminal ...

By Michael Ioannou Data breaches are an unfortunate reality of the modern digital landscape, and organisations can be categorized into three groups regarding their information security posture: those that have ...

National investment promotion agency Invest Cyprus on Thursday announced that it has selected Marios Tannousis to become its new chief executive officer. “The Board of Directors of Invest Cyprus has ...

Cyprus hoteliers’ association (Pasyxe) president Philokypros Rousounides on Wednesday said that the island benefited from an influx of tourists during the Catholic Easter period, primarily from Great Britain, Poland, Austria, ...

Cypriot fintech Ask Wire this week announced its partnership with the Ministry of Finance, where, as part of their collaboration, it will provide the Cyprus Tax Department with access to ...

Cyprus-based property management company Altia on Wednesday announced that it will be managing a new real estate portfolio known as ‘Starlight’, which will be added to the existing portfolio managed ...

Kineyirou said that the state needs to act to address the challenges in the Cypriot real estate market Council for Registration of Real Estate Agents president Marinos Kineyirou on Monday ...

The Research and Innovation Foundation (Idek) recently organised a two-day information day aimed at highlighting the funding opportunities offered by the European Innovation Council through the Framework Programme for Research ...

Stek president Akis Vavlitis said that there is no alternative to focusing on quality tourism The president of the Association of Cyprus Tourist Enterprises (Stek) Akis Vavlitis on Monday said ...

Mining company Venus Minerals has noted that a recent study by archaeologists at the University of Gothenburg has revealed that a village in Larnaca was one of the most important ...