Cyprus Business News

Praxis Tech has announced the launch of ‘Abandoned Transaction Events,’ a new feature that supports merchants to boost their conversion and retention rates by alerting them to interrupted transactions, enhancing ...

By Souzana Psara Cloud computing is more than just a passing buzzword, it is a transformative force driving the digital revolution in Cyprus, entrepreneur driving technological innovation on the island ...

In the aftermath of Russia’s invasion of Ukraine global energy geopolitics and trade flows have undergone massive realignments. With the Western embargo on Russian oil and gas, Europe has ...

With three gold and two silver medals, Cyprus ranked third in The Economist’s economic pentathlon which calculated how the 27 EU member states perform on the five major challenges facing ...

Here are the top business stories in Cyprus from the week starting October 9: President Nikos Christodoulides highlighted the significant role of the shipping industry in Cyprus’ economy during his address ...

In a rapidly evolving global financial landscape, the role of financial institutions and fintech companies is more crucial than ever. One such company making waves in the industry is Admiral ...

The Cyprus Securities and Exchange Commission (CySEC) this week reported that the assets under management (AUM) for Management Companies and Undertakings of Collective Investments (UCIs) in the second quarter of 2023 ...

Cyprus has reported a substantial 22.1 per cent increase in the number of commercial flights during September 2023, when compared to the same month from the previous year. This report was created ...

The Business Leaders Summit, a prominent gathering of business leaders in Cyprus, is back to shed light on the major issues and challenges modern business leaders face. Organised by the ...

Cyprus and Egypt are currently experiencing more immediate credit risks compared to other nations due to the Israel-Hamas conflict, according to a report by Germany-based ratings agency Scope Ratings. In ...

Cyprus-based Yotam Werzansky-Orland, Esq., CEO of KWO Strategy Ltd., has earned his place among the world’s top 300 innovation and intellectual property (IP) strategists, as recognised by the prestigious annual ...

Cyprus’ trade deficit for the period of January to August 2023 reached €5.8 billion, compared to €5.2 billion during the same period in 2022, according to a report released this week by the state’...

Cyprus has witnessed a notable increase in bounced cheques, with 26 such incidents totalling €276,202 reported in September 2023 alone. This concerning trend has landed 15 individuals (comprising 12 legal entities and 3 individuals) on the ...

Limassol port management company DP World recently concluded a three-month internship programme for students specialising in shipping and related fields, in a bid to strengthen its ties with the local ...

Cyprus’ construction sector has seen significant developments in the third quarter of 2023, with both price indices and production on the rise, according to a report released this week by the ...

The Cyprus Chamber of Commerce & Industry (Keve) on Thursday announced that it has partnered with the EU-Georgia Business Council and received support from the Cyprus-Georgia Business Association, in a ...

Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou is participating in the annual meetings of the World Bank and the International Monetary Fund (IMF), taking place this week ...

Cyprus has reported a government surplus of €881.9 million, equivalent to 3.1 per cent of the Gross Domestic Product (GDP), according to preliminary fiscal results released by the state’s statistical service ...

Cyprus experienced a substantial improvement in its current account deficit during the second quarter of the year, which narrowed to €346.1 million from €1.04 billion in the same period last year, according ...

The International Monetary Fund (IMF) has painted a positive picture of Cyprus’ fiscal outlook, predicting significant primary surpluses and a substantial reduction in public debt, expected to dip below the ...

Cyprus has experienced a 3.85 per cent reduction in ship management revenues for the first half of 2023, according to a survey on ship management conducted by the Central Bank of Cyprus (...

Alpha Bank Cyprus on Wednesday announced that it has undergone a reorganisation of its management structure, combined with an expansion of its executive committee, according to a company statement. The ...

The ambassador of Finland and the mayor of Paphos confirmed their interest in building a close cooperation in the fields of tourism and culture. In a meeting held on Tuesday ...

Ariana Resources, an AIM-listed mineral exploration and development company with gold mining interests in Europe, as well as copper-gold exploration and development projects in Cyprus and Kosovo, has released its ...