Cyprus Business News

TechIsland, a non-profit association, on Tuesday, announced the launch of a new initiative, which ranks as an important milestone for the development of Cyprus’ technology and startup ecosystem. On Wednesday, ...

RCB Bank announced on Monday it will relinquish its banking licence – a formality completing the lender’s transformation into an asset management company. The decision was taken by the bank’...

International rating agency Capital Intelligence on Saturday announced that it has upgraded the long-term rating of Cyprus in foreign currency to “BBB-“, from “BB+”. At the same time, the agency ...

Cyprus’ fiscal deficit reached €408 mln in 2021 and the fiscal debt corresponded to 101 per cent of GDP, the Cyprus Statistical Service (Cystat) announced on Friday. Announcing the financial results for 2021, which ...

The Chairman of the Cyprus Securities and Exchange Commission (CySEC) George Theocharides this week released a missive on investor education on the risks of crypto asset investment in Cyprus. Theocharides ...

The Association of Cyprus Tourist Enterprises (Stek) on Friday announced that it participated in a conference focusing on religious and pilgrimage tourism in Cyprus and Greece. The conference, which took ...

Cryptocurrency exchange Binance on Friday announced that Binance Cyprus Limited has been granted Class 3 registration as a Crypto Asset Services Provider (CASP) by the Cyprus Securities and Exchange Commission (CySEC). ...

Hellenic Bank on Thursday announced a number of changes to its banking services, aiming to empower its meeter greeter service, which in turn will help customers become more comfortable with ...

The harmonised index of consumer prices rose by 8.1 per cent year-on-year in the first nine months of 2022, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). ...

ExxonMobil director of frontier exploration Tristan Aspray on Wednesday called for the necessary level of support from Eastern Mediterranean countries in order to achieve an increase in natural gas production ...

Cyprus-based travel technology startup JourneyHero earlier this month announced that it has entered into new partnerships that will enable the company to expand its in-app travel options for users. “JourneyHero, ...

The number of trips abroad made by residents of Cyprus in September 2022 was almost twice as much as last year, according to a report released this week by the Cyprus ...

Cyprus Energy Regulatory Authority (CERA) chairman Andreas Poullikkas on Tuesday said that the EU has for many years been devising a sustainable energy strategy to tackle climate change and strengthen ...

Cyprus’ Gross Domestic Product (GDP) was revised to €24.01 billion at current prices for 2021 and to €21.89 billion for 2020, according to a report released on Monday by the Cyprus Statistical Service (Cystat). ...

Cyprus’ Economy and Competitiveness Council on Monday released a report illustrating that the prolonged and pronounced increase in consumer prices and inflation has been ranked by both public and private ...

The University of Cyprus’ Economics Research Centre (CypERC) on Monday released its updated economic outlook report, noting that real GDP growth in 2022 is projected at 4.9 per cent, up by 2 percentage ...

Non-performing loans (NPLs) in Cyprus’ banking sector stood at €2.85 billion at the end of July 2022, reflecting a decrease of €69 million compared to the previous month, according to a report published ...

With the educational technology (ed-tech) sector in Cyprus experiencing growth in recent years, one such company with offices in Cyprus, Gear Education, announced this week that it has joined the ...

Numerous technology and investment events are set to take place in Cyprus during the coming months, after a busy month in September, particularly in Limassol, where the information technology scene ...

President Nicos Anastasiades on Friday addressed the opening of the Eastern Mediterranean Gas Forum (EMGF) Energy Transition Conference, noting that the conference being held in Cyprus underlines the collaborative relationship ...

Paphos hoteliers association (Pasyxe) president Thanos Michaelides on Thursday spoke on the rise in operating costs in the tourism sector, mainly in terms of energy-related bills and expenses, as well ...

The Cyprus Shipping Chamber (Kne) on Thursday announced that it successfully held a panel discussion focusing on a greener shipping and maritime industry through collaborative practices. The panel discussion was ...

The average gross monthly earnings of employees for 2021 increased by 3.2 per cent compared to 2020 to €2,067, reaching a decade high. According to a press release by the Statistical Service of Cyprus, ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday released an investor guide on financial resilience, highlighting ways in which investors can adapt to a sudden change in their income, ...