Cyprus Business News

DBRS Morningstar has confirmed the BBB rating with a stable outlook for Cyprus in both domestic and foreign currency over the long term, according to a report recently published by ...

Storied Cypriot soft drinks company KEAN on Tuesday released a statement notifying the public that its board has reached an agreement in principle to sell the company’s shares to ...

Cyprus can take advantage of soaring copper prices, the result of pronounced shortages across the world, helping to increase supply through new projects on the island, according to Mark Rachovides, ...

Turnover in Cyprus’ retail trade sector rose during February 2022, both in terms of value and volume, according to a report released on Monday by the Cyprus Statistical Service (Cystat). According ...

Eurobank Cyprus on Monday announced that it has been voted as the best bank for international private banking in Cyprus for 2023, an award bestowed upon the bank by Euromoney magazine ...

The Cyprus Securities and Exchange Commission on Monday released a statement responding to an announcement by failed cryptocurrency exchange FTX EU (Cyprus) saying that it will commence processes for the ...

Non-profit organisation TechIsland recently announced that Wargaming general manager Valentinos Polykarpou has been appointed as its new chairman. The Cypriot executive is taking over at the island’s biggest IT ...

The average gross monthly earnings of employees in Cyprus is estimated to have reached €2,546 during the fourth quarter of 2022, according to a report released on Friday by the Cyprus Statistical ...

Hellenic Bank this week released a statement announcing the completion of Project Starlight, which refers to the sale of a non-performing exposures (NPE) portfolio, combined with the sale of APS ...

The Cyprus Securities and Exchange Commission (CySEC) this week released its quarterly report for the fourth quarter of 2022, which highlights the current state of the collective investments sector in Cyprus. ...

The Research and Innovation Foundation (IDEK) on Thursday announced that it has entered into an agreement with the Italian innovation organisation META Group. The agreement seeks to facilitate the operation ...

State-owned Cyprus Asset Management Company (Kedipes) on Thursday reported that its board has decided that its state aid repayment for the first quarter of 2023 will be capped at €60 million. According ...

The Council for Registration of Real Estate Agents on Wednesday released a statement saying that 25 legal entities and 45 natural persons were convicted of illegal real estate brokerage in 2022. According to ...

Total deposits in Cyprus recorded a net increase of €357.1 million in February 2023, compared to the previous month, with their balance amounting to €51.9 billion, according to a report released this week ...

The Research and Innovation Foundation (RIF) this week announced that it will be holding an information event entitled “European Innovation Council Info Days” between April 4-5 2023. The event will take ...

PwC Cyprus on Tuesday released the results of the firm’s global business survey, which revealed that family businesses experienced their highest growth in 15 years during their most recent fiscal ...

The Republic of Cyprus is looking for investors to issue a sustainable bond, the Financial Director of the Public Debt Management Office, Phaidonas Kalozois, said this week. Kalozois had been ...

By Ioannis Tirkides Surely the collapse of Silicon Valley and Signature banks in the United States, and even the takeover of Credit Suisse by UBS, have idiosyncratic elements that led ...

Cyprus Consul Christos Poullaides held meetings with Bahraini Ministers to discuss bilateral cooperation on energy and tourism matters, according to an announcement released on Friday. The meetings centred on discussions ...

Greek digital marketing firm Panadvert on Friday released a statement lauding the results of its advertising campaign for Hermes Airports, aimed at promoting Cyprus as a tourist destination in the ...

Non-performing loans in Cyprus decreased to 9.5 per cent of total loans at the end of 2022, according to a report published this week by the Central Bank of Cyprus. This marks ...

The Bank of Cyprus on Saturday released a statement saying that it has detected numerous attempts to carry out unauthorised transactions, through cards of various banks, using online merchants, which ...

Cypriot tourism will have to adapt to new regulations and modern traveller preferences Cypriot tourism professionals are turning their focus on sustainability, with a view to aligning with climate-friendly directives ...

Deputy Minister of Tourism Costas Koumis this week visited the Limassol regional tourism board (Etal), pledging to provide solutions to longstanding issues in the district. The meeting, which also saw ...