Cyprus Business News

Eurobank has revealed its intention to gain full control of Hellenic Bank’s share capital and voting rights, while also sharing details about the company’s future operations, according to ...

Economic council makes number of recommendations to update long-term economic strategy, seeks EU funding The long-term strategy for the sustainable development of the Cypriot economy, known as Vision 2035, is set ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced its intention to explore the establishment of the Cyprus – Baltic States Business Association, aimed at enhancing economic and trade ...

The Association of Large Investment Projects on Tuesday highlighted the untapped potential of golf tourism in Cyprus, referencing the efforts being made to remove barriers blocking the development of new ...

Eurobank has revealed its intention to gain full control of Hellenic Bank’s share capital and voting rights, while also sharing details about the company’s future operations, according to ...

Eurobank on Monday announced that it now holds shares representing 55.48 per cent of the total issued share capital and voting rights of Hellenic Bank. Specifically, Eurobank S.A., a subsidiary ...

Gender Equality Commissioner Josie Christodoulou used her address at the recently held ‘Women in ICT’ event to highlight the gender disparity within the technology sector. The event was a collaborative ...

With presence in 75 countries, Leptos Estates promotes internationally the modern image of our ever evolving island In the 64 years of it’s entrepreneurship path the Leptos Group has been established ...

The Cyprus Investment Funds Association (CIFA) has called for the swift passage of the bill governing the establishment and operation of management companies for collective investment organisations. This piece of ...

Retail trade in Cyprus saw an uptick in May 2024, with the turnover value index increasing by 4.5 per cent compared to the same month in the previous year, according to a ...

Tourism revenue in Cyprus saw a modest rise of 5.5 per cent in the first quarter of 2024, compared to the same period in 2023, while April remained essentially the same, according to ...

The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical capital buffer (CCyB) rate at 1 per cent, in accordance with the Macroprudential Supervision of Institutions Laws of 2015 to 2022, ...

The Cyprus government saw its surplus climbing to 1.9 per cent of the country’s Gross Domestic Product (GDP) between January and May 2024, up from 1.1 per cent in the same period ...

Tourism revenue in Cyprus saw a modest rise of 5.5 per cent in the first quarter of 2024, compared to the same period in 2023, while April remained essentially the same, according to ...

The House is expected to discuss legislation concerning the establishment and operation of collective investment organisations in September, following the end of the summer recess, according to statements made on ...

The top ten most expensive property sales in Cyprus exceeded €39 million in May of this year, with Limassol continuing to dominate the high end of the market, according to a ...

Cyprus saw a 20.1 per cent increase in tourist arrivals during 2023, reaching 3,845,652 compared to 3,201,080 in 2022, with over one-third of visitors staying in Paphos, according to a report by the state’s ...

The average gross monthly earnings of employees in Cyprus saw a 5.7 per cent increase during the first quarter of 2024, reaching €2,378 compared to €2,251 in the same period of 2023, according to a ...

Energy Minister George Papanastasiou highlighted Egypt as an essential partner for Cyprus during an interview with the Cyprus News Agency (CNA) on Sunday, in the context of the EU-Egypt Investment ...

Cyprus’ Industrial Producer Prices Index experienced a 2.5 per cent decrease in May 2024 compared to the same month in 2023, according to a report by the state’s statistical service. For the ...

Here are the top business stories in Cyprus from the week starting June 24: Deputy Minister of Shipping Marina Hadjimanolis recently embarked on a series of important meetings in Geneva, according ...

In 2024, Cyprus stands out in the European real estate landscape, marked by stability and growth despite the broader challenges of inflation and rising interest rates. While other countries tread cautiously, ...

A delegation from the International Monetary Fund (IMF) on Friday held informal discussions with members of the House Finance Committee during their technical assistance mission to Cyprus. The visit was ...

A delegation from the International Monetary Fund (IMF) on Friday held informal discussions with members of the House Finance Committee during their technical assistance mission to Cyprus. The visit was ...