Cyprus Business News

Both total loans and deposits in Cyprus witnessed a net decrease in January 2024, according to a report released on Tuesday by the Central Bank of Cyprus (CBC). According to the ...

Cyprus’ Economic Sentiment Indicator (ESI) witnessed a decline of 2.1 points in February 2024, compared to January 2024, indicating a worsening economic climate, according to a report released on Tuesday by the University ...

The University of Limassol (UoL) on Tuesday released a statement announcing a new partnership with the Association of Information Technology and Telecommunications Executives of Maritime Companies (AMMITEC). AMMITEC is a ...

Small and Medium-sized Enterprises (SMEs) and start-ups often grapple with a significant hurdle to their growth – the limited availability of finance. In a bid to address this challenge, the Cyprus ...

The Artemis Credit Bureau, which collects and provides information on the financial behaviour of individuals and businesses in Cyprus, will begin evaluating businesses based on Environmental, Social, and Governance (ESG) ...

The annual growth rate of Cyprus’ Composite Leading Economic Index (CCLEI) continued to decelerate in January 2024, according to a report compiled by the University of Cyprus’ Economic Research Centre (CypERC). ...

The Cyprus Marine Club (CMC), a non-profit organisation that engages maritime industry stakeholders, recently hosted their Get Together event, a gathering attended by more than 100 guests, showcasing the club’s ...

Here are the top business stories in Cyprus from the week starting February 19: On Monday, the Bank of Cyprus unveiled its financial results for the fiscal year ending December 31, 2023, which ...

Cyprus’ tourism ministry this week unveiled an incentive plan aimed at the qualitative and aesthetic improvement of beaches for the year 2024, with local authorities being the beneficiaries. In an official ...

GlobCom Company, in partnership with SEGULA Technologies, announced this week that it has started trials for Mercedes-Benz vehicles’ ADAS/AD sensory equipment on Cyprus public roads from February 12 to March 25, 2024. ...

Labour Minister Yiannis Panayiotou this week highlighted the importance of a collaborative approach to economic development between the government and the business community, noting that rational and balanced policies can ...

The Cyprus Stock Exchange (CSE) on Friday announced that it has become a member of the EuroCTP consortium, a collaborative initiative involving several European exchanges. EuroCTP, established in August 2023, aims ...

The Head of Deloitte Academy, Christina Themistocleous, embarked on a journey to Nairobi, Kenya, driven by the aspiration to offer voluntary assistance to students and aid them in realising their ...

Cypriot real estate market analytics firm Ask Wire on Friday released a report on the ten most expensive property transactions completed in Cyprus during January 2024. The report also provided additional ...

Hellenic Bank on Friday released its preliminary group financial results for 2023, posting a full-year profit of €365.4 million, while profit for the fourth quarter alone stood at €124.8 million. Commenting on the ...

The Cyprus Chamber of Commerce and Industry (Keve) this week hosted a meeting with a number of foreign ambassadors, focusing on the symbiotic relationship between technology, innovation, and sustainable economic ...

The Central Bank of Cyprus (CBC) this week announced that it is once again accepting requests for the payment of reduced legal costs from individuals who have filed lawsuits against ...

The Paphos Regional Tourism Board (Etap) this week met with the Department of Antiquities, where they examined various issues concerning the museums, monuments, and archaeological sites of the Paphos district. ...

The harmonised index of consumer prices in Cyprus (HICP) in January 2024 increased by 2.1 per cent compared to January 2023, according to a report released on Thursday by the Cyprus Statistical Service (...

The Employers and Industrialists Federation (Oev) this week released a statement welcoming the new support measures for Cypriot households, while at the same time expressing “hope for the prompt formulation ...

Cypriot Minister of Energy, Commerce, and Industry George Papanastasiou this week met with his Egyptian counterpart Tarek El Molla, engaging in discussions on bolstering energy collaboration between Cyprus and Egypt. ...

In a move that aims to redefine urban living and working spaces, renowned real estate developer bbf: has officially launched :flow, an innovative mixed-use development located in the Ayios Nicolaos ...

The Cabinet this week approved the establishment of an annual award for gender equality in Cyprus’ shipping sector, according to an announcement by the Deputy Ministry of Shipping. The announcement ...

The Cyprus Chamber of Commerce and Industry (Keve) this week released a statement expressing satisfaction with the newly announced government support measures, originally unveiled by President Nikos Christodoulides on Wednesday. ...