Cyprus Business News

French multinational hospitality company Accor, which owns, manages and franchises hotels, resorts and vacation properties, has announced that it will soon open a new hotel in Cyprus. Accor is the ...

Leading global communication service provider Tototheo Maritime on Monday announced that it has added Starlink’s new low latency high-speed connectivity to its portfolio of services. “This marks a new ...

Hellenic Bank CEO Oliver Gatzke on Friday said that the bank’s performance in 2022 was very good, amidst difficult conditions, while also outlining the challenges and goals for the new ...

The producer price index in Cyprus’ construction sector increased by 11 per cent in the third quarter of 2022, compared to the corresponding quarter of 2021, reaching 129.53 units, according to a report released ...

The Cyprus Economy and Competitiveness Council on Friday published a report outlining a number of recommendations that seek to provide both medium and long-term solutions to the ongoing issue of ...

There was a decrease of 4.9 per cent in the number of building permits issued in Cyprus between January and October 2022, according to a report released on Thursday by the Cyprus ...

Cyprus Airways says that summer ’23 bookings are looking strong Cyprus Airways on Thursday released a report detailing passenger traffic results for the entirety of 2022, as well as the monthly results ...

The House Price Index registered an annual increase of 5.3 per cent during the third quarter of 2022, amounting to 112.51 points, according to a preliminary estimate released this week by the Cyprus ...

Cypriot fintech Ask WiRE CEO Pavlos Loizou, in an analysis piece examining the landscape of the domestic real estate market in the coming year, explained that residential property prices will ...

‘Larnaca’s character must be preserved at all costs’ President of the Larnaca Chamber of Commerce (Evel) Stavros Stavrou on Tuesday expressed optimism that the various innovative actions, combined with ...

Baker Tilly Cyprus, a firm specialising in assurance, audit, and financial compliance reporting, as well as advisory, tax and specialist consulting, this week released its Cyprus Tax Facts guide for 2023. ...

Cyprus Energy Regulatory Authority (CERA) chairman Andreas Poullikkas on Monday stated the energy transition, which primarily concerns the transition from fossil fuels to sustainable energy sources, while a necessary and ...

Consulting, assurance, and tax advisory firm EY Cyprus has released the latest edition of its Cyprus Tax Facts guide, which takes into account the most up-to-date legislative changes for 2023. “As ...

Advisory and consulting firm Deloitte Cyprus this week released its annual tax guide for the current year, which the firm titles ‘Cyprus Tax Facts 2023’. The tool is a comprehensive guide, ...

Partner and head of international tax services at advisory and consulting firm PwC Cyprus Stelios Violaris recently examined the adoption of the minimum tax rate of 15 per cent, outlining the ...

Inflation in Cyprus for the period between January and December 2022 recorded an increase of 8.4 per cent, compared to the corresponding period of the year before, while an inflation rate of 7.9 ...

The Association for the Protection of Borrowers (Syprodat) on Wednesday released a statement calling on the government to draw up and implement immediate relief measures for consumers, households, businesses and ...

The Central Bank of Cyprus (CBC) on Wednesday published a report detailing interest rate statistics concerning Cypriot banks, including for deposits and loans of eurozone residents in euros, as well ...

Cypriot digital agency Base Element on Wednesday announced that it has entered into a collaborative initiative with US company Medalia, ultimately seeking to improve the customer experience for brands. “Medallia, ...

Managing Director of Logicom Solutions Chrysostomos Kritiotis on Tuesday provided an evaluation of the previous year’s financial environment, outlining its effects on banks and other organisations. “The outbreak of ...

Cypriot fintech Ask Wire on Tuesday published a report documenting the Nicosia properties that are endangered by a possible overflowing of the Pedieos river. The company noted that the river ...

Council for Registration of Real Estate Agents president Marinos Kineyirou said that the organisation took significant steps to address critical issues concerning both real estate agents and the general public ...

Advisory and consulting firm PwC Cyprus on Monday published its tax guide for 2023, providing a valuable source of information on the current tax system of Cyprus, which the company made ...

When a pet shop owner names his store after the Great Dane he grew up with, you know there’s an unconditional love for animals behind the decision that communicates ...