Cyprus Business News

A recent consumer behaviour study conducted by the Consumer Protection Service reveals that 83 per cent of consumers visit more than one supermarket each month to make their purchases. The primary ...

TUS Airways conducted its first-ever flight from Larnaca to Dubai last Sunday, as stated in a press release issued by the airline. Flight U8 684, operated by TUS Airways, utilised a ...

In a recorded speech aired during the opening ceremony of the 2nd Financial Markets Forum hosted by Freedom Finance Europe, Cyprus’ Minister of Finance, Makis Keravnos, affirmed the government’s ...

Minister of Energy, Commerce, and Industry George Papastasiou on Friday, while speaking at the Limassol Economic Forum, highlighted the significant issues facing the energy sector in Cyprus, considering both the ...

The Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou on Friday used his keynote address at the 14th Limassol Economic Forum to provide insights into the economic outlook ...

YoungShip Cyprus was founded in 2011 as a youth organisation focusing on shipping and aims to promote the voice of young people in decision-making centres nationally and internationally Our role is ...

Cyprus’ robust shipping registry is bolstering the nation’s maritime prominence, positioning it as a key player in shaping maritime policy while delivering a clear message that illicit restrictive measures ...

Cyprus’ Deputy Minister of Tourism Kostas Koumis highlighted the importance of promoting the historical connection between Cyprus and France as the Kingdom of the Lusignans during his recent visit to ...

The Central Bank of Cyprus (CBC) released its latest data this week, revealing a minor increase in deposit interest rates in Cyprus in August 2023 compared to July. While the interest ...

Net new loans in Cyprus decreased by €71.2 million in August 2023, compared to July 2023, according to the latest data from the Central Bank of Cyprus (CBC). According to the report, net ...

In the vibrant waters of the Eastern Mediterranean, the Cypriot shipping industry has long been a maritime powerhouse, both historically and in the modern era As we embark on a ...

Aivitam Ventures and Forbes Cyprus announced this week that they will be hosting The Future of Fintech Summit 2023, a global offline gathering set to take place on December 7-8. According ...

Maritime HR gives greater emphasis to specific elements such as talent acquisition and employee engagement in aiming to improve seafarer satisfaction John Ioannou, HR and Crew Management Consultant based in ...

TechIsland, Cyprus’s leading tech association, on Thursday released a statement announcing that Ugne Buraciene, Group Chief Executive Officer of payabl., has officially joined its board of directors, effective as ...

By Kyriacos Nicolaou In this exclusive interview, Timur Turlov, a visionary leader and CEO, delves into his triumphant journey in the world of finance. It all began in 2008 amidst the ...

Cyprus’ banking sector has seen its net interest income double in the first half of 2023, marking a 100 per cent increase compared to the same period last year. This surge is ...

Freedom Finance Europe announced this week that it will be hosting the Annual Financial Markets Forum (AFMF) in Cyprus for the second year in a row, with the event taking ...

The Vice President of the European Central Bank (ECB) Luis de Guindos on Wednesday praised the notable improvement in Cyprus’ economy and its recent upgrade by two credit rating agencies ...

Finance Minister Makis Keravnos delivered on Wednesday the state budget for 2024 with a promise of cost-of-living relief measures by the end of the month – and a look ahead to next ...

Cyprus witnessed a notable increase in house prices during the second quarter of 2023, with the House Price Index (HPI) rising by 3.2 per cent during this time, compared to the same ...

Cyprus has witnessed a decrease of €83 million in non-performing loans (NPLs) in the local banking system at the end of June, dropping from €2.19 billion to €2.11 billion, compared to the previous ...

The retail industry in Cyprus experienced significant growth in August 2023, with the Retail Trade Turnover Index showing a remarkable increase of 10.1 per cent, compared to the same month in the ...

Two Cypriot banks, the Bank of Cyprus and the Hellenic Bank, had their credit ratings upgraded by investment service Moody’s on Monday. Both had their long-term deposit ratings increased ...

Cyprus tourism has experienced a remarkable surge in revenue, with an impressive 26.9 per cent increase during the period of January to July 2023, compared to the same period in 2022. These findings ...