Cyprus Business News

ESG expert Nicole Phinopoulou this week released a piece of analysis that underscores the increasing global economic relevance of Environmental, Social, and Governance (ESG) frameworks. For countries like Cyprus, embracing ...

The Nicosia Chamber of Commerce & Industry (Evel) held its annual general assembly this week, highlighting critical proposals aiming to boost development in the Cypriot capital, improve the quality of ...

The European Commission this week projected a significant 30 per cent decrease in Cyprus’ public debt, as a percentage of its Gross Domestic Product (GDP), by the end of 2024. This projection ...

Cyprus’ transport and storage sector experienced a robust annual growth of nearly 10 per cent during the third quarter of 2023, according to a report released this week by the Cyprus Statistical ...

Α Larnaca resident, owner of a residential apartment, this week sent a letter to the House Standing Committee on Internal Affairs, advocating for changes to the legal framework regulating multi-owner buildings. ...

Scope Ratings, a German rating agency, this week upgraded the long-term rating of the Republic of Cyprus from BBB to BBB+, maintaining a stable outlook for the Cypriot economy. This ...

The annual growth rate of Cyprus’ Composite Leading Economic Index (CLEI) remained positive in October 2023, despite a slight deceleration, according to the University of Cyprus Economic Research Centre. Based on ...

The Construction Materials Price Index in Cyprus experienced a marginal decrease of 0.13 per cent in October compared to the previous month, according to the latest report from the state’s ...

The ability of Cypriot banks to reduce operating costs while investing in digital transformation will be key to offsetting inflationary pressure and still-high credit provisions, rating agency Standard and Poor’...

The Bank of Cyprus’ Innovation Centre, known as IDEA, this week officially announced the commencement of new applications from people with innovative ideas that have the potential to transform into ...

Hellenic Bank on Tuesday announced robust financial results for the first nine months of 2023, posting an after-tax profit of €240.7 million, primarily attributed to increased interest income derived from placements with ...

The Cyprus Chamber of Commerce & Industry (Keve) on Monday announced that in the context of its continuous effort to open new roads and prospects for Cypriot companies, has established ...

Outgoing Larnaca Chamber of Commerce (Evel) president Stavros Stavrou this week announced plans to run for the position of president at the Cyprus Chamber of Commerce and Industry (Keve). In ...

The Cyprus Shipping Chamber (CSC) on Monday released a statement welcoming the launch of the one-stop shipping centre at the Deputy Ministry of Shipping, effective from November 20. This significant development, ...

Invest Cyprus, the Cypriot Investment Promotion Agency, is poised to unveil its strategic objectives and initiatives during its Annual General Meeting, taking place later today. The conference, to be held ...

Energy Minister George Papanastasiou on Monday opened this year’s Industry Week by reaffirming the government’s resolve to support the sector in Cyprus, underpinned by its commitment to the ...

Leading European on-demand transportation platform Bolt on Monday announced the launch of electric scooter rentals in the Greater Nicosia area. In its announcement, the company, which has over 150 million customers ...

Here are the top business stories in Cyprus from the week starting November 13: Port management company DP World Limassol on Wednesday announced that Limassol port saw record cruise ship calls ...

The Cyprus Council for Registration of Real Estate Agents this week announced a staunch stance against any collaboration or support offered by licensed real estate agents to individuals operating unlawfully ...

The Cyprus Chamber of Commerce & Industry (KeveI) on Friday announced that it has prolonged the application deadline for its I-STARS grant scheme, catering specifically to tourism businesses. The extension ...

The third quarter of 2023 saw a significant decline in the assets of investment organisations in Cyprus, despite a rise in their numbers, according to a report released on Friday by ...

The Harmonised Index of Consumer Prices (HICP) in Cyprus increased by 3.6 per cent in October 2023, compared to October 2022, while registering a decrease of 0.1 per cent compared to the previous month, ...

The one-stop-shop shipping centre, operating within the Deputy Ministry of Shipping, is slated to commence its operations on Monday, November 20, according to an announcement released this week. Following a Cabinet ...

Tourist arrivals in Cyprus during the first ten months of 2023 soared by 21.1 per cent compared to last year, according to a report released on Friday by the Cyprus Statistical Service (...