Cyprus Business News

Cyprus’ government debt fell to €23 billion at the end of 2022, reflecting a 3.9 per cent decrease compared to December 2021, according to a report published on Friday by the Public Debt Management ...

The head of the Cyprus association of entertainment venues (Osika) Neophytos Thrasyvoulou on Friday said that high costs and struggles with finding staff continue to be the main issues facing ...

Cyprus has been ranked as one of the most social media-obsessed countries in Europe, according to a recently published study by gaming site AskGamblers. According to the site, the study ...

The European Investment Bank (EIB) this week announced that new financing agreements signed in Cyprus for the year 2022 amounted to €250 million, with all of them relating to green projects. In 2022, ...

Cyprus’ tourism revenue for the period between January and December 2022 is estimated to have amounted to €2.43 billion, according to a report released this week by the Cyprus Statistical Service (Cystat). ...

Various indicators only serve to confirm previous forecasts expecting the Cypriot economy to experience a slower growth rate throughout 2023, while managing to avoid a recession, according to a report released ...

Emilios Tannousis, chairman of the Cyprus Investment Funds Association’s training and HR committee, as well as manager of wealth management at the Bank of Cyprus, this week released a ...

President-elect Nicos Christodoulides this week said that he is ready to work closely with the Employers and Industrialists Federation (OEV) in order to mutually tackle the challenges facing the Cypriot ...

Real estate company Altia on Wednesday announced that it has officially started its operations in the Cypriot market. The company highlighted the fact that it is the fastest-growing property company ...

The Finance Ministry on Wednesday announced that the Cabinet has approved a bill amending the Income Tax Law, allowing for an additional tax exemption, in the form of a capital ...

The Cyprus University of Technology (Tepak) this week announced that a research team under its nursing department has been selected to participate in the Cyprus Seeds programme, one of only ...

Cyprus’ trade deficit increased by 38.9 per cent between January and November 2022, reaching €6.8 billion compared to €4.9 billion in the corresponding period of 2021, according to a report released this week by the ...

Cyprus successfully navigated three periods of serious calamity, outgoing president Nicos Anastasiades said on Monday, during an event held in his honour by the Cyprus Chamber of Commerce and Industry (...

Grant Thornton Cyprus, one of the leading tax and specialist advisory services firms on the island, on Monday announced that it has struck a deal that will result in increased ...

The Bank of Cyprus on Monday released its preliminary financial results for 2022, posting a profit after tax of €71 million for the entire year, marking a considerable increase over the €30 million ...

The Ministry of Energy, Commerce and Industry this week issued a call for proposals under its digital upgrade scheme for businesses. The scheme is included in the Cyprus Recovery and ...

A European Union initiative to secure critical raw materials and bolster supply chains could prove pivotal in rejuvenating Cyprus’ mining sector, according to Cypriot mining company Venus Minerals. “The Critical ...

The Paphos regional tourism board (Etap) announced that a delegation travelled to Israel this week in order to promote the district as a travel destination, particularly in the context of ...

Tourist arrivals to Cyprus amounted to 90,549 visitors in January 2023, compared with 43,944 during the same month of 2022, marking an increase of 106.1 per cent year-on-year, according to a report released on Friday ...

The Central Bank of Cyprus (‘CBC’) on Friday released a statement informing the public, businesses and depositors that an entity under the name ‘Turkish International Investment Bank’, to which reference ...

Limassol port management company DP World Limassol on Friday announced that it has completed six years as operator of the multi-purpose and cruise terminal, stating that it remains committed to ...

The real estate sector in Paphos experienced a double-digit increase in sales during 2022, with the volume of transactions rising by 31 per cent year-on-year, according to PwC Cyprus’ latest edition of ...

The association of large investment projects (SMA) this week welcomed the decision by the cabinet of ministers to approve the creation of a marina in Paphos, a major project for ...

TUS Airways on Thursday announced the launch of seven weekly direct flights between Larnaca and two large Slovak cities as of this summer. Flights will start to Bratislava and Kosice ...