Cyprus Business News

Startups4Peace (Su4P), an EU-funded innovative entrepreneurship project backed by the Finnish embassy, announced on Monday the launch of its programme for 2022. The programme is delivered in partnership with ...

The Bank of Cyprus on Monday announced that it has approved around 550 of its employees for the bank’s voluntary retirement scheme. The total cost of the implementation of the ...

Embria, a Cyprus-based venture builder firm that founds, funds and grows its own startups from the ground up, earlier this month announced that it has sold its stake in Finnish ...

The Cyprus Investment Funds Association (CIFA) on Monday released a public statement congratulating Irene Mylona-Chrysostomou for her recent appointment as the new Registrar of Companies and Intellectual Property. “Mrs. Mylona-Chrysostomou ...

The Construction Materials Price Index increased by 19.42 per cent year-on-year in June, reflecting the rising costs in construction, as well as the resulting price increases in the sector, according to ...

Open letter to the finance minister By Achilleas Demetriades As part of the ongoing dialogue to tackle soaring prices, I would like to contribute the following ideas. Inflation is the ...

Cyprus’ non-performing loan (NPL) ratio rose to 11.4 per cent in the first quarter of 2022, according to a report released this week by the Central Bank of Cyprus. The NPL ratio ...

By Ioannis Tirkides The economic debate on the minimum wage, either its introduction on a national scale or its raise to a higher level, is no longer as controversial as ...

The European Commission on Thursday said that the Cypriot economy exceeded expectations during the first quarter of 2022, with a number of sectors outpacing performance forecasts. “The Cypriot economy surprised on ...

The Research and Innovation Foundation (Idek) this week announced that it has provided funding to start-ups and other innovative businesses worth a total of €8.5 million. The foundation said that it ...

By George Pirishis With the cost of energy and electricity increasing dramatically, there are many households trying to take advantage of the subsidisation programmes by the Ministry of Energy, Trade ...

Labour minister Kyriacos Koushos on Wednesday expressed satisfaction at the launch of the social insurance office’s digital service for receiving childbirth aid. Koushos, who also thanked Deputy Minister for ...

Value added in the construction sector in Cyprus dropped after 5 years of growth in 2020, according to the construction and land development survey conducted by the Cyprus Statistical Service (Cystat). The ...

By Robert Street In recent years Cyprus has significantly enhanced its fund legislation to position itself as a flexible and cost-effective jurisdiction for funds and fund managers within the European ...

The total value of assets under management (AUM) by Collective Funds declined by 3.9 per cent in the first quarter of 2022 over the previous quarter, while Management Companies and Undertakings of ...

The Cyprus University of Technology (Tepak) earlier this week entered into a partnership agreement with software company SoftOne Cyprus. The partnership was ratified through the signing of a memorandum of ...

The Cyprus Chamber of Commerce (Keve) on Tuesday announced that it will be holding a seminar on career prospects in the maritime sector. The seminar, which is being held in ...

The total number of permanent staff employed by the government decreased by 679 persons or 2.5 per cent, with the figure dropping from 26,629 to 25,950, according to the Cyprus Statistical Service (Cystat). In ...

Hellenic Bank on Monday announced that it has successfully launched and priced the issuance of €100 million Senior Preferred Notes, under its €1.5 billion Medium Term Note Programme (EMTN). According to the ...

Cyprus’ real estate sector is exhibiting resilience and adjustability, Council for Registration of Real Estate Agents president Marinos Kineyirou said on Monday. However, Kineyirou warned that the market will become ...

Cyprus’ trade deficit reached €2.96 billion for the period between January and May 2022, according to provisional data released by the Cyprus Statistical Service (Cystat) on Monday. This represents an increase of ...

The Research and Innovation Foundation (Idek) on Friday announced the launch of a new call for proposals for the programme titled ‘Proof of Concept for Technology and Knowhow Applications’. The ...

President Nicos Anastasiades on Friday hailed the approval of Cyprus’ social cohesion policy programme Thalia 2021-2017, calling it a landmark moment in the country’s efforts to restructure and evolve ...

The Cyprus Statistical Service (Cystat) on Thursday announced that the number of building permits in April 2022 decreased by 10.7 per cent year-on-year. Building permits during this time fell to 560, down from 627 ...