Cyprus Business News

Cyprus’ tourism revenues for the period between January and November 2022 are estimated to have amounted to €2.3 billion, coming close to pre-pandemic levels, according to a report released this week by ...

German company AVIAREPS announced on Friday that it has been appointed to be the General Sales Agent (GSA) for Cypriot airline TUS Airways, representing the company in its key European ...

Transparency International has just released its 2022 annual ‘Corruption Perceptions Index (CPI)’ report. It makes grim reading for Cyprus, dropping down the rankings yet again. This is an independently produced report, ...

Cyprus’ Industrial Turnover Index recorded an increase of 21.3 per cent year-on-year in November 2022, according to a report released on Friday by the Cyprus Statistical Service (Cystat). According to the report, ...

Cyprus’ annual rate of inflation reached 7.1 per cent in January 2023, continuing its downward trend for the third consecutive month. According to a report published on Friday by the Cyprus Statistical ...

Melco Resorts & Entertainment Limited, a company that develops, owns and operates integrated resorts across Asia and Europe, announced this week that it hosted President Nicos Anastasiades at the City ...

Net new lending in Cyprus stood at €3.23 billion in 2022, reflecting a 10 per cent increase compared to the previous year, despite the uncertainty created by the war in Ukraine, according to ...

The Association for the Protection of Borrowers (Syprodat) this week called for the creation of a Dispute Resolution Committee, in order to decongest the courts, describing this as “the only ...

European Union cities had the highest housing cost burden in 2021, according to a report published on Thursday by Eurostat, the European Union’s statistical service. In Cyprus, the lowest rate ...

Lending rates in Cyprus rose again in December 2022, with deposit rates also moving higher amid the European Central Bank’s normalisation of key interest rates, according to a report released ...

Cyprus’ net Foreign Direct Investment (FDI) position decreased further in 2021, with the dominant partner, both in terms of inward and outward FDI being Russia, according to a report released by ...

The household debt ratio in Cyprus stood at 77 per cent of GDP at the end of the third quarter of 2022, marking a slight decrease compared to the previous quarter, according ...

Deloitte Cyprus on Wednesday announced that it has signed a sponsorship agreement with the Cyprus Olympic Committee (Koe), valid until the end of 2024, the year of the Paris 2024 Olympic Games. ...

The overall solvency ratio of the Cypriot banking sector stood at 21.2 per cent at the end of September 2022, its highest level since the Central Bank of Cyprus (CBC) began collecting ...

Nicosia-based software developer company ASCANIO has received follow-on funding of €300,000 from Kinisis Venture Fund I, the first CySEC-registered venture capital fund focusing primarily on Cypriot startups. ASCANIO joined the portfolio ...

Cypriot airline TUS Airways announced on Wednesday a record number of passengers in 2022, with an increase of more than 1,100 per cent across the entire network compared to 2021. In its announcement, ...

The Cyprus University of Technology (Tepak) and the Open University of Cyprus on Tuesday announced that they have signed a cooperation agreement for the design and launch of a new ...

The Cyprus Securities and Exchange Commission (CySEC) announced that there was an increase in the number of Management Companies and Undertakings of Collective Investments (UCIs) during the third quarter of 2022, ...

The outgoing government is handing over a healthy and robust economy, with prospects for further growth and development in the current years, Finance Minister Constantinos Petrides said during a presentation ...

Alpha Bank Cyprus on Tuesday announced that its board of directors has decided to appoint Miltos Michaelas as the bank’s new chief executive officer (CEO). The bank explained that ...

Advisory and consulting firm PwC Cyprus on Monday released a report detailing the prevailing trends in terms of mergers and acquisitions across the world throughout the coming year. According to ...

The Council for Registration of Real Estate Agents on Monday that Marinos Kineyirou was re-elected as council president. “I am particularly happy because Cyprus’ real estate community, almost in its ...

Counterfeit euro banknotes withdrawn from circulation in Cyprus reached 451 in 2022, marking an increase of 113.7 per cent compared to the previous year, according to an announcement made by the Central Bank ...

AIRR was established in 2019 in Cyprus and specialises in solutions to automate the process of making investment decisions. The functionality of the platform is extensive and provides a classic set ...