Cyprus Business News

The Cyprus Statistical Service (Cystat) on Tuesday released a report showing an increase in the average gross monthly earnings of employees during the fourth quarter of 2023, when compared to the ...

The accommodation and food service sector was the second-largest contributor to both the economy and employment in Cyprus in 2021, according to Eurostat, the EU’s statistical service. Specifically, accommodation and ...

XM, a multi-regulated global broker in Europe and globally, prioritises impact by continuously giving back to the community In today’s world, Environmental, Social, and Governance (ESG) strategies are crucial ...

Cablenet has broken the 10 per cent market share barrier in mobile contract subscriptions, climbing to third position, according to a report published by the Office of the Commissioner for Electronic ...

By Nicolas Christodoulides, Senior ESG Analyst BOC is focusing its efforts on fighting climate change, which is the biggest challenge that humanity faces Stainability is often defined as meeting the ...

Rent control in Cyprus has turned into a cumbersome obstacle, casting a shadow over the local property market and stifling both development and investment opportunities, according to the Cyprus Real ...

A multilayered matrix of goals and actions gives Hellenic Bank the lead in ESG strategy Committed as it is to promoting environmental sustainability and social resilience, Hellenic Bank has taken ...

Cyprus’ Deputy Ministry of Tourism has announced a scheme to sponsor experiential workshops in traditional crafts, agricultural and livestock product processing, and gastronomy, in order to boost rural tourism. As ...

The Department of Agriculture, under the Ministry of Agriculture, Rural Development, and Environment, has unveiled the 7th Call for Applications from April 2, 2024, to June 14, 2024, for the subsidy scheme aimed at ...

With the message ‘a better tomorrow’, the company aims to consistently leave a positive imprint on the country For Lidl Cyprus, Corporate Social Responsibility has been an integral part of ...

The Cyprus University of Technology (Tepak) and the Famagusta Chamber of Commerce (Evea) jointly organised a lecture on artificial intelligence (AI). According to a statement about the event, which took ...

Limassol Municipality and Frederick University’s Department of Maritime and Commerce are collaboratively organising the Blue Limassol Forum 2024, which is scheduled to occur on Monday, April 15, from 17:00 to 19:30 at Frederick ...

Capital Intelligence Ratings (CI Ratings) has revised its long-term foreign currency rating (LT FCR) outlook for the Republic of Cyprus from stable to positive, while affirming the country’s LT ...

The shift to sustainable energy sources has marked the energy transition from traditional fossil fuels to renewable and clean energy sources. Andreas Poullikkas, Chairman of the Cyprus Energy Regulatory Authority (...

Our commitment is our adherence to the UN’s Principles of Responsible Banking, a unique framework for sustainable banking developed through a collaboration between banks worldwide and the United Nations ...

Producer prices in Cyprus’ industrial sector experienced a new decline in February, with the decrease mainly driven by the electricity production sector, according to a report by the Cyprus Statistical ...

Two brothers have promoted inclusivity by developing an app for the hard of hearing By Souzana Psara In Cyprus, a groundbreaking movement is taking shape, led by brothers George Geratziotis ...

“They have the power and responsibility to tackle big issues like climate change, inequality and social injustice. They need to shake up how they operate, not just to meet the ...

Cyprus’ main exports for 2023 included minerals, oil, halloumi cheese, and pharmaceutical products, according to a report by the state’s statistical service (Cystat). The report revealed that Cyprus exported domestically ...

Here are the top business stories in Cyprus from the week starting March 25: The European Commission recently released a report highlighting Cyprus’ economy as on a positive trajectory, forecasting growth ...

The fleet of vessels registered under the Cypriot flag has seen a significant increase of approximately 5.5 per cent, equivalent to about 1.1 million tonnes, over the past six months, according to ...

CBC governor Constantinos Herodotou on Friday addressed the “Digital Financial Literacy: the Way Forward” conference, held by the Central Bank of Cyprus (CBC). The conference aimed to explore the multifaceted ...

The Paphos Regional Tourism Board (Etap) recently completed a survey revealing that the district has a capacity of approximately 20,000 beds, across 6,000 self-catering accommodation units, which includes villas, houses, and apartments. ...

The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical buffer rate at 1 per cent, with effect from June 2, 2024. According to a statement by the CBC, “in accordance ...