Cyprus Business News

The Cypriot Ministry of Agriculture, Rural Development, and Environment and the Eratosthenes Centre of Excellence at the Cyprus University of Technology (Tepak) have signed a memorandum of cooperation, according to ...

Cyprus Central Bank Governor Constantinos Herodotou on Monday took part in a meeting of the House Finance Committee, during which he underlined the significant uncertainties stemming from geopolitical disruptions that ...

Cypriot fintech firm Ask Wire on Monday released a report detailing the total value of the ten most expensive property sales that took place in September 2023, the result of a ...

Cyprus witnessed a significant increase in its government debt-to-GDP ratio at the end of the second quarter of 2023, rising by 2.2 percentage points from the previous quarter, to reach 85.3 per cent, ...

Asset management doValue Cyprus announced on Monday that it has teamed up with Ablebook to pioneer an initiative focused on fostering inclusivity and accessibility in Cyprus. Ablebook, a groundbreaking application ...

TechIsland, Cyprus’ leading tech association with over 270 members, on Monday announced the formation of a new PropTech working group. PropTech, a portmanteau of property and technology, refers to the use ...

Central Bank of Ireland governor Gabriel Makhlouf has arrived in Cyprus on an official visit, encompassing two meetings with Cypriot officials, according to an announcement by the Central Bank of ...

Here are the top business stories in Cyprus from the week starting October 16: The priorities of the government are intertwined with the commitment to incorporate technology and digitisation into its ...

Cyprus is facing a critical situation when it comes to being able to access housing, with numerous indicators painting a grim picture that demands immediate attention, according to Marinos Kineyirou, ...

Cyprus’ Composite Leading Economic Indicator (CCLEI), compiled by the University of Cyprus’s Economic Research Centre (CypERC), displayed a 2.6 per cent annual increase in September 2023, a reflection of positive trends ...

Finance Minister Makis Keravnos this week reiterated the government’s commitment to bolstering the administrative services sector in Cyprus. The minister’s comments were delivered during his address at the 11...

The Construction Material Price Index in Cyprus experienced a slight annual decline in September, marking its first yearly decrease in nearly three years, particularly since November 2020. According to data from ...

President Nikos Christodoulides announced several multi-million-euro projects in the municipalities and communities of the Famagusta district, highlighting the government’s commitment to the area’s development, during a gathering at ...

National flag carrier Cyprus Airways on Friday released a report revealing its traffic results for the month of September 2023, with the airline having transported a total of 48,560 passengers during this ...

The path to sustainable tourism involves the fusion of technology and the preservation of cultural heritage, stated Deputy Minister of Tourism Kostas Koumis, during his speech at the 16th International ...

In a bid to enhance their existing collaboration, the Department of Computer Science at the University of Cyprus and Wargaming Group Limited this week announced the signing of a Memorandum ...

The Central Bank of Cyprus (CBC) on Thursday announced that it has officially launched a project aimed at implementing remote customer identity verification, known as digital onboarding, in collaboration with ...

The Bank of Cyprus on Thursday announced the launch of two new deposit products, known as “Step-Up,” designed to offer clients the opportunity to earn increased interest rates over an 18...

The Harmonised Index of Consumer Prices (HICP) in Cyprus increased by 4.3 per cent in September 2023, compared to the same month in 2022, according to the Cyprus Statistical Service. This rise in ...

Hellenic Bank on Wednesday released a statement explaining that in an increasingly volatile economic environment, Cypriot businesses require a stable and reliable partner, noting that with a customer-centric approach, in ...

World Investor Week 2023 (WIW2023) has concluded successfully with a significant level of participation, according to a statement by the Cyprus Securities and Exchange Commission (CySEC), which collaborated with global supervisory ...

The European Central Bank (ECB) is not expected to raise interest rates at its upcoming session, as recent economic data indicates that its benchmark rates have reached levels conducive to ...

Bank of Cyprus CEO Panicos Nicolaou this week revealed a vision for Cyprus as a thriving business hub in the region, noting that the island has the potential for further ...

National flag carrier Cyprus Airways on Wednesday unveiled plans to extend its schedule with new flights to the city of Nice, France, starting from December 12, 2023, with the airline set to ...