Cyprus Business News

Employment in the government decreased by 2 per cent in June, mainly driven by the transfer of hourly-paid personnel from the Ministry of Health to the State Health Services Organisation (OKYPY), ...

The Cyprus Shipping Chamber (CSC) this week released a statement welcoming the decisions taken at the 80th meeting of the Marine Environment Protection Committee (MEPC80) regarding the revised Greenhouse Gas ...

Cyprus’ trade deficit grew by €824 million in the first half of 2023, compared to the same period last year, reaching €3.73 billion, primarily due to a significant increase of 19.8 per cent in ...

Headlined ‘The day after is already here’, the 15th Conference on Corporate Sustainability & Responsibility that took place featured Hellenic Bank, which remains committed to its goal of leading the ...

Total beer deliveries in Cyprus experienced a significant decline of 16.9 per cent in June 2023, compared to June 2022, according to data released by the Statistical Service on Wednesday. However, the increase ...

Kinx Gaming, an esports organisation headquartered in Nicosia, Cyprus, played a significant role in the successful launch of the AAA first-person shooter game, Atomic Heart. The game was developed by ...

Vehicle registrations in Cyprus experienced a substantial increase of 24.4 per cent during the first half of 2023, compared to the corresponding period in 2022. Additionally, registrations rose by 22.4 per cent in June 2023 ...

City of Dreams Mediterranean, Europe’s first integrated casino resort, officially opened its doors this week, with high hopes that it would usher in a new era for tourism. The ...

The President of the Paphos Hoteliers’ Association Evripides Loizides this week expressed satisfaction with the outlook of the tourism sector in Paphos, saying that hotel occupancy rates in the district ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced that it will be hosting a sustainable tourism conference on Wednesday, July 12, 2023, at 17:00. The event, titled “A Journey towards ...

National investment promotion agency Invest Cyprus on Monday announced that in the context of a forum taking place this week, it has joined forces with the ANIMA Network to launch ...

A total of 35 dishonoured cheques, with a total value of €67,609, were issued in June 2023, while 16 persons (10 legal and 6 natural) were recorded in the preliminary list of the Central Information Register (...

By Tanya Romanyuka, Head of Operations at TechIsland In the ever-evolving tech landscape, it’s undeniable that the role of HR has dramatically changed. It is no longer confined to ...

An interview with Polys Polydorou, Regional Manager, for Limassol and Paphos, Altia Can you provide an overview of the real estate market in Paphos and Limassol? How has it evolved ...

The Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou, is in New York where he will participate in The Economist New York – Eastern Mediterranean Business Summit, which takes ...

Here are the top business stories in Cyprus from the week starting July 3: Cyprus’ tourism revenue reached €217.6 million in April 2023, compared to €185.1 million in the same month of the previous ...

New corporate loans exceeding €1 million experienced a significant surge, totalling €599.1 million, in May 2023, driving the total amount of all new loans to €1.07 billion, compared to €473.9 million in the previous month. ...

President Nikos Christodoulides this week underscored the government’s commitment to the shipping industry and praised the multifaceted work of the Cyprus Shipping Chamber (CSC) during a formal meeting held ...

Cyprus experienced a significant decline in inflation during June 2023, reaching its lowest level in the past 25 months, according to a report released this week. The inflation rate was measured at 1.9 ...

The recently published European Innovation Scoreboard 2023 reveals that Cyprus has showcased robust innovation performance, positioning it as a strong innovator and above the European Union (EU) average. The report emphasises ...

Deputy Minister of Tourism Kostas Koumis described Saudi Arabia as a potentially significant tourism market for Cyprus. The minister’s comments were made during his visit to Saudi Arabia this ...

The number of registered unemployed individuals in Cyprus in June 2023 reached its lowest level in the past 17 months, according to seasonally adjusted data released this week by the state’s ...

The CYENS Centre of Excellence and the Cyprus University of Technology (Tepak) this week signed a cooperation agreement with the aim of further developing joint activities in the fields of ...

The Housing Price Index (HPI) in Cyprus experienced a substantial increase of 5.9 per cent during the first quarter of 2023 compared to the same period in 2022, according to a recent preliminary ...