Cyprus Business News

Construction material prices in Cyprus remained stable in May, according to a report published by the state’s statistical service on Monday. According to the data cited in the report, ...

State-owned Cyprus asset management company Kedipes has repaid €1 billion to the state for the aid it received, since its inception nearly five years ago, according to chairman Lambros Papadopoulos. “The ...

Cyprus is attempting to lure more tourists from the Middle East but it’s proving to be an uphill battle, deputy minister for tourism Costas Koumis says. He also says ...

Here are the top business stories in Cyprus from the week starting June 12: Cyprus-based investor Alexey Gubarev has recently become the owner of the land where Sodap’s wine factory ...

The European Central Bank (ECB) on Thursday raised interest rates for the eighth consecutive time, in line with market expectations, staying on a path of policy tightening, as it continues ...

The Public Debt Management Office announced this week the increase in interest rates for six-year government bonds for individual investors, starting with the third series (October) of 2023. Applications for these ...

The general assembly of the European Underwater Federation (EUF) will take place in Cyprus between June 17 and June 19, according to a statement released this week. The event is being organised ...

Cyprus Airways and Aegean Airlines this week announced their plan to work together on codeshare flights, which will start on June 20, with the aim of improving connectivity and travel options ...

The hourly labour costs in Cyprus recorded a 5 per cent increase during the first quarter of 2023, compared to the corresponding quarter of the previous year, according to a report utilising ...

Salamis Lines Ltd, a member of the Salamis Organisation, announced this week that it has acquired a new container ship named “IONIA”, which has subsequently been registered in the Cypriot ...

Cyprus has been ranked in 18th place as an attractive investment destination National investment promotion agency, known as Invest Cyprus, chairman Evgenios Evgeniou showcased Cyprus’ ambitious investment strategy during a ...

Cyprus-based fintech firm Armenotech, alongside its international strategic partner, Tempo France, recently stated that EURO-pegged stablecoins have “the most promising and highest potential trajectory in the modern finance world”, with ...

In a positive turn of events for the Cypriot labour market, the overall vacancy rate among employees witnessed a decline in the first quarter of 2023, dropping to 2.8 per cent of ...

The European Institute of Innovation and Technology (EIT) and the Research and Innovation Foundation (Idek) this week co-organised an Info Day at the A.G. Leventis Gallery, where they unveiled ...

DataArt reiterated its commitment to Cyprus’ business community DataArt, a global software engineering firm recently marked its first year in Cyprus, an event which coincided with the opening of its ...

The Cyprus Association for the Protection of Borrowers (Syprodat) this week issued a statement welcoming President Christodoulides’ call to banks to follow proper loan restructuring procedures. The president’s comments ...

Cyprus Deputy Minister of Tourism Kostas Koumis this week led a delegation on a visit to Dubai and Abu Dhabi with the purpose of assessing the tourism potential in these ...

The significant improvement in the yield margins of yesterday’s issuance of AT1 capital bonds reflects the bank’s transition into a sustainable and profitable banking institution, according to Bank ...

Cypriot non-profit association TechIsland on Wednesday announced the second workshop of its “Startup School” series. The event, which is powered by Zubr Capital, a global Venture Capital fund, offers an ...

Energy Minister George Papanastasiou is headed to Jerusalem, where on Thursday he will hold meetings with his counterpart, Israeli Energy and Infrastructure Minister, Israel Katz. The focus of the meeting ...

Cyprus’ trade deficit reached €3.11 billion during the period of January to April 2023, according to the latest report released by the Cyprus Statistical Service (Cystat). According to the available data, this ...

In a groundbreaking initiative, the Cyprus Institute successfully organised its first networking seminar, titled “Innovation Workshop and Speed Networking Event,” aimed at bridging the gap between research and industry in ...

President of the Cyprus-Greece Business Association Iosif Iosif recently highlighted the importance of robust business cooperation between the two countries, according to an announcement released on Tuesday. Speaking at an ...

The issuance of Additional Tier 1 (AT1) capital bonds has generated significant interest, following the exchange of the previous, more expensive AT1 bonds worth €220 million, with an interest rate of 12.50 per ...