Cyprus Business News

Interior Minister Nicos Nouris on Thursday said that the government’s adoption of a new strategy designed to attract international businesses to Cyprus has led to significantly increased interest from ...

The Turnover Value Index of Wholesale Trade in Cyprus during the second quarter of 2022 rose by 33.4 per cent, compared to the corresponding quarter of the previous year, according to data ...

By Liam Proud Banks usually make for tricky private equity targets. Turnoffs include demanding regulators and high leverage, which stops buyers from piling on further debt. But when prices are ...

Cypriot company Point Nine this week announced that its third annual conference was successfully held at the Four Seasons Hotel in Limassol on Friday, September 16, attracting a number of stakeholders ...

The Cyprus Fiscal Council on Wednesday said the 2023 state budget should be designed in such a way that it bolsters the Cypriot economy’s presently-satisfactory resilience, primarily to the worrying ...

There was an increase of 16.69 per cent in the Construction Materials Price Index in August 2022, compared to the corresponding period in 2021, according to a report released this week by the ...

Hellenic Bank on Tuesday released its financial results for the first half of 2022, posting a profit of €55.4 million, compared to a profit of €21 million in the corresponding period of 2021. The ...

The Cyprus hoteliers’ association (Pasyxe) on Monday announced that it plans to meet with Labour Minister Kyriacos Koushos in order to discuss the ongoing labour shortages in the tourism sector. ...

Fidera Limited and its operating partner Elements Capital Management on Monday unveiled the exterior design of Londa Residences, a high-end residential development in Limassol. The development involves the transformation of ...

DataArt, a global software engineering firm, this week announced the opening of a new office in Cyprus. The company, which has received support from Invest Cyprus, the country’s investment ...

PwC Cyprus this week announced that it has bolstered its environmental, social and governance (ESG) consulting division through the addition of Chris Angelides, who will take an advisory role, assisting ...

President of the Larnaca Chamber of Commerce (Evel) Stavros Stavrou on Friday attended the opening of the Metropolis Mall in Larnaca, where he delivered an address during the opening ceremony. “...

Cyprus company Gain Venture Studios (GAIN) this week announced the increase of its participation in Cypriot startup 11Pets Ltd, resulting in the company becoming a majority shareholder in the firm. ...

Harmonized inflation in Cyprus continued to rise in August 2022, albeit at a slower pace than the previous month, registering a 9.6 per cent year-on-year increase, according to a report released on ...

Council for Registration of Real Estate Agents president Marinos Kineyirou this week released a statement addressing the issue of soaring rental costs in Cyprus. “The troubling situation with rents is ...

Total hourly labour costs in Cyprus increased by 5.2 per cent year-on-year during the second quarter of 2022, according to preliminary data published on Thursday by the Cyprus Statistical Service (Cystat). The ...

A bill designed to enshrine into national law a European Union directive for the screening of foreign direct investment (FDI) was submitted to the Cabinet of Ministers this week. The ...

Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Wednesday addressed the Association of Cyprus Banks, during the latter’s annual general meeting, touching on the uncertainty plaguing the current ...

Outgoing Association of Cyprus Banks president Panicos Nicolaou on Wednesday defended Cypriot banks from the torrent of criticism that they received this past year, particularly after the decision to increase ...

The total number of employees in the general public sector reached 72,432 in the second quarter of 2022, marking an increase of 1.8 per cent compared to the corresponding period of 2021, according to ...

Finance Minister Constantinos Petrides on Wednesday that Cyprus is expected to join the list of countries that have issued green bonds, with the first issuance of green loans expected to ...

Paphos tourism board (Etap) managing director Nasos Hadjigeorgiou on Tuesday said that despite the fact that certain hotels and tourist accommodation units will close during the winter, the district will ...

Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Tuesday delivered a speech at an event organised by the London Business School Alumni Cyprus Club, touching on a number of ...

Hellenic Bank on Tuesday announced its decision to terminate negative interest rates on non-household Euro accounts, with effect from October 3, 2022. From the aforementioned date, the interest rate on all non-household ...