Cyprus Business News

The Cyprus Shipping Chamber (CSC) recently announced that it welcomed the adoption of the Net-Zero Industry Act proposal by the European Parliament. As explained by the European Commission, the Net-Zero ...

Cypriot lender AstroBank has announced the launch of the three-year AstroBank Target Maturity Fund 2027, which aims to capitalise on the current bond yield environment. In its announcement, the company explained ...

Here are the top business stories in Cyprus from the week starting April 22: Former Cyprus Airways CEO Paul Sies has joined travel-tech company Journey Mentor as president and chief executive ...

Deputy Minister of Tourism Kostas Koumis this week addressed the growing need for foreign workers in Cyprus’ tourism sector, attributing it to the surge in tourist arrivals exacerbating labour shortages. ...

Cyprus and Kyrgyzstan successfully concluded negotiations over a Treaty for the Elimination of Double Taxation with respect to taxes on income and the prevention of tax evasion and tax avoidance, ...

The Central Bank of Cyprus (CBC) on Friday reported an increase in both loans and total deposits within the Cypriot banking system for March 2024. According to the CBC, liquidity, measured ...

Cyprus emerges prominently in recently released Eurostat data, both as a country with a high proportion of overqualified workers, and as a leader in the Information and Communication Technology (ICT) ...

Deputy Minister of Tourism Kostas Koumis on Friday acknowledged that the Cypriot tourism sector is in need of foreign workers, noting that the increase in tourist arrivals has further exacerbated ...

A meeting was held this week in Guangzhou, China, which brought together the Deputy Minister of Shipping, Marina Hadjimanolis, the president of the Cyprus Chamber of Commerce and Industry (Keve) ...

President Nikos Christodoulides this week expressed confidence in Cyprus’ ability to successfully the current global climate, dominated by uncertainty and instability, despite numerous regional and geopolitical developments. He also stated ...

The Central Bank of Cyprus (CBC) has calculated the reference interest rate at 11.42 per cent, exercising the powers granted to it by Article 314A of the Criminal Code Law, Chapter 154. ...

The Economics Research Centre (CypERC) of the University of Cyprus has updated its economic forecasts, indicating stronger growth and lower inflation expectations for the upcoming years. The report details several ...

Hellenic Bank on Thursday announced that it has entered into exclusive negotiations and a put option with CNP Assurances for the acquisition of its subsidiary CNP Cyprus Insurance Holdings Limited, ...

The Bank of Cyprus on Thursday announced new stock acquisitions, having obtained a number of ordinary shares worth €0.10 each from its appointed trader, the Cyprus Investment and Securities Corporation (CISCO), ...

The Cyprus Stock Exchange (CSE) this week announced its acceptance of the introduction of government bonds to the market, in accordance with Article 58(1) of the Cyprus Securities and Stock Exchange ...

Cypriot beverage company Keo this week released its financial results for the fiscal year 2023, showcasing substantial growth in both turnover and profits compared to the previous year. According to the ...

The Paphos Regional Board of Tourism (Etap) is participating in the SMARTIES for SMEs project under the COSME programme, which is aimed at enhancing competitiveness in the tourism sector by ...

External reasons, combined with Cyprus’ economic conditions, are affecting both local and international demand in the local property sector, according to Michalis Tsangarides, director of Delfi Partners, who noted that ...

Hellenic Bank on Thursday announced that it has entered into exclusive negotiations and a put option with CNP Assurances for the acquisition of its subsidiary CNP Cyprus Insurance Holdings Limited, ...

The Bank of Cyprus on Thursday announced the successful launch and pricing of €300 million in green senior preferred notes under its EMTN Programme. According to an official announcement by the ...

The Cyprus Research and Innovation Centre (CyRIC) recently announced that a groundbreaking lab-on-chip platform, named MultiLab, has been developed to meet the growing demand for small, versatile sensors that can ...

The Cyprus Borrowers Association (Syprodat) this week released a statement urging the government to enact targeted measures to combat rising costs, endorsing the positions of political parties Disy and Akel ...

Hellenic Bank is reportedly on the verge of finalising a deal with French insurer CNP Assurances to acquire its insurance operations in Cyprus, it emerged on Wednesday. Citing sources within ...

The Ministry of Energy has announced a call for proposals under the grant scheme for energy upgrading and boosting the competitiveness of large businesses, totalling €17 million, funded by the European ...