Cyprus Business News

Fiscal Council president Michalis Persianis on Monday issued a series of recommendations and suggestions to the Interior Minister, following an analysis of the fiscal impact expected from the local government ...

Limassol-based shipping company Columbia Shipmanagement (CSM) is boosting its operations in the Middle East with the opening of a new office in Dubai, according to an official announcement. This move ...

Here are the top business stories in Cyprus from the week starting June 3: The European Central Bank (ECB) has made a notable policy shift by reducing interest rates for the ...

The European Central Bank’s (ECB) decision to cut interest rates by 0.25 per cent on Thursday is expected to have a positive impact on the Cypriot economy, Professor Sofronis Clerides, ...

Deputy Minister of Shipping Marina Hadjimanolis on Thursday, during her visit to Athens, highlighted the importance of cooperation, compliance, and the implementation of international law to strengthen a resilient maritime ...

The number of building permits issued in Cyprus increased by 3.3 per cent year-on-year for the period of January to March 2024, with the value of these permits rising to €0.73 billion, marking ...

The European Central Bank’s (ECB) decision to cut interest rates by 0.25 per cent on Thursday is expected to have a positive impact on the Cypriot economy, Professor Sofronis Clerides, ...

The European Central Bank (ECB) on Thursday cut interest rates for the first time in five years, a significant move amidst a backdrop of economic uncertainty. The ECB lowered its ...

Limassol port management company DP World Limassol held a blood drive this week, with the event serving a dual purpose, according to an official announcement released on Friday. Firstly, the ...

Eurobank has received approval from the European Central Bank (ECB) to distribute a cash dividend of €342 million, equivalent to €0.0933 per share, according to an official announcement released this week. The ...

Invest Cyprus recently spotlighted Cyprus’ potential as a major business hub at the prestigious Island Conference and Reflect Festival held in Limassol, both of which took place on May 30-31, ...

KeelX, an innovative maritime software provider based in Limassol, this week announced the signing of an official partnership with Veracity, the leading maritime emissions cloud by internationally accredited registrar and ...

Cyprus’ Deputy Minister of Tourism Kostas Koumis visited London this week, where he held a series of meetings with major tourism organisations and airlines to discuss the outlook for British ...

Chief Scientist Demetris Skourides recently attended a ceremony at NASA headquarters in Washington DC in order to witness the Cypriot team “Brute Force” receiving the highest accolade at the esteemed ...

Cyprus’ Consumer Price Index (CPI) experienced an increase to 117.84 units in May of this year, up from the 117.09 units recorded in April, according to a report released on Thursday by ...

The Cyprus Mail recently had the opportunity to sit down with Kostas Kontogiannis, the Chief Financial Officer of e-commerce platform and online marketplace Skroutz, in the context of the company’...

A new AI-powered assistant called Placy has been launched in Cyprus, aiming to transform the real estate sector, according to an announcement released on Thursday. The announcement noted that this ...

The Cyprus Consumer Protection Service this week announced that it has posted on its website a list of toys sold on the online marketplace and e-commerce site Temu, due to ...

Cyprus’ Deputy Minister of Tourism Kostas Koumis visited London this week, where he held a series of meetings with major tourism organisations and airlines to discuss the outlook for British ...

Net new loans in Cyprus increased by €20.9 million in April 2024, according to a report released this week by the Central Bank of Cyprus (CBC). Specifically, according to the report, net ...

The Central Bank of Cyprus released a report this week indicating a decline in deposit rates for April, while loan interest rates fluctuated across categories during the same period of ...

The Industrial Turnover Index in Cyprus decreased by 4.4 per cent in March of this year, when compared to March 2023, dropping to 132 units, with 2021 acting as the base year set at 100 ...

President of the Larnaca Hoteliers Association Marios Polyviou on Wednesday reported a slight decrease in tourist bookings in Larnaca compared to last year, noting that arrivals to the island are ...

The latest figures from the Cyprus Statistical Service (Cystat) reveal a significant decrease in the number of registered unemployed individuals in May 2024. Seasonally adjusted data shows a reduction of 2,198 people, ...