Cyprus Business News

The tourism sector in Cyprus faces a significant downturn this year, with an estimated 30,000 fewer visitors and a loss of approximately €25 million, according to the president of the hotelier’s ...

The tourism sector in Cyprus faces a significant downturn this year, with an estimated 30,000 fewer visitors and a loss of approximately €25 million, according to the president of the hotelier’s ...

The Cyprus association of hospitality venues (Pasika) on Thursday called on newly elected mayors and municipal councils to be vigilant and stringent in granting permits for public events, stressing that ...

The Research and Innovation Foundation (RIF) this week commented on the latest results from the European Innovation Scoreboard 2024, which once again reaffirms Cyprus’ progress in the field of innovation, classifying ...

The Deputy Ministry of Research, Innovation and Digital Policy on Thursday said that Cyprus has made robust strides in the digital sector, something which is backed by the European Commission’...

Moody’s Ratings announced on Thursday that it has upgraded the Bank of Cyprus’ long-term deposit ratings to Baa1 from Baa3, changing the outlook to stable from positive. According to ...

The trade deficit in Cyprus for the period of January to May 2024 stood at €3.12 billion, reflecting a decrease of 16.5 per cent compared to €3.73 billion during the same period in 2023, according ...

Cypriot lender Hellenic Bank has signed an agreement to acquire insurance provider CNP Cyprus, according to an announcement made by the bank on Wednesday. The announcement stated that the consultation ...

European Commissioner for International Partnerships Jutta Urpilainen discussed the philosophy underpinning the European Union’s strategy for international development, known as the Global Gateway, during an interview with the Cyprus ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday released its quarterly bulletin, revealing that the number of Management Companies and Undertakings of Collective Investments (UCIs) under its supervision remained ...

The environmental authority has recently approved the construction and operation of a substantial residential development within plot B of the Limassol Greens golf resort. This project, part of a larger €500 ...

Christos Panayides has been re-elected as secretary general of the bank employees’ union Etyk, following the formation of a new board of directors. According to an announcement released this week, ...

Cypriot lender Hellenic Bank has signed an agreement to acquire insurance provider CNP Cyprus, according to an announcement made by the bank on Wednesday. The announcement stated that the consultation ...

Demetra Holdings increased its investment value in Hellenic Bank (HB) during the first half of 2024, according to the company’s latest investment statement. The statement showed that by the end ...

The Cyprus Borrowers Association (Syprodat) this week issued a stark warning about the mounting financial pressures faced by households, borrowers, and businesses due to high prices, rising interest rates, and ...

Inflation in Cyprus, excluding increases in excise taxes, fell by 0.32 per cent in the first half of 2024, when compared to the previous six months, spanning the period between July and ...

The Cyprus Chamber of Commerce & Industry (Keve) has announced that the EU-Japan Centre for Industrial Cooperation is organising its inaugural mission to Japan, specifically targeting the smart factory and ...

The Central Bank of Cyprus (CBC) presented the benefits of the planned digital euro at a press conference on Tuesday, while also providing details on the efforts being made behind ...

The Central Bank of Cyprus (CBC) presented the benefits of the planned digital euro at a press conference on Tuesday, while also providing details on the efforts being made behind ...

The Cyprus Statistical Service (CyStat) on Tuesday reported significant growth in the Industrial Production Index for Cyprus, highlighting key increases in employment and production value across various industrial sectors in 2022. ...

The Cyprus Securities and Exchange Commission (CySEC) announced on Tuesday that it has awarded a total of €1,000 in financial prizes as part of its annual student awards for the academic ...

Cyprus recorded the largest increase in housing transactions among EU countries in 2023, according to data released by the European Union’s statistical office (Eurostat). Eurostat reported that in 2023, the number ...

The Bank of Cyprus on Tuesday celebrated the graduation of the inaugural class from the BoC Academy, an initiative carried out in collaboration with the CIM Business School. Launched in 2023, ...

Building permit issuance in Cyprus saw a rise of 8.3 per cent in the period from January to April 2024, compared to the corresponding period of the previous year, according to a ...