Cyprus Business News

The beauty and personal care startup Snap is in the process of raising capital through the equity crowdfunding platform CrowdBase, with the company having already raised 70 per cent of the ...

The University of Cyprus on Monday announced the launch of a new project, in which it will link with foreign organisations, aiming to stimulate excellence and innovation capacity at the ...

Household deposit and lending rates in Cyprus experienced a slight decrease in January 2023, while the corresponding rates for non-financial companies increased, according to a report by the Central Bank of ...

The inflation rate in Cyprus reached 6.7 per cent in February 2023, with the Consumer Price Index increasing by 0.87 points to 112.88 points, compared to 112.01 points in January 2023, according to a report by ...

Wealth management for institutional clients requires specialisation in order to deal with the tumultuous regulatory environment, as well as all new trends, challenges and opportunities, according to Eurobank Cyprus’ Menelaos ...

Melco Cyprus is fully aware of the role it can play in helping to develop the island’s tourism industry and will ensure that the country becomes a global entertainment ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced that it has signed a memorandum of understanding with its Cuban counterpart, as part of the chamber’s strategy ...

Advisory and consulting firm PwC Cyprus on Friday released the findings of its latest CEO survey, with the overarching theme being one of pessimism and caution, particularly when contrasted with ...

Deposits and loans in Cyprus experienced a net decrease in January 2023, according to a report released this week by the Central Bank of Cyprus (CBC). Based on the report, total ...

The Institute of Certified Public Accountants of Cyprus (Selk) this week released a statement congratulating newly-elected president Nikos Christodoulides for his recent election victory. “We also extend our congratulations to ...

The Cyprus Ports Authority this week told the House Finance Committee that its budget for 2023 will generate a slight surplus, while also referring to the upgraded role it has now ...

On Friday, the Nicosia Chamber of Commerce and Industry (Evel) announced that its director Socratis Heracleous met with his French counterpart, the director general of MEDEF Paris, Marie-Sophie Ngo Ky ...

Cyprus Airways this week announced the launch of a strategic partnership with software solutions firm Atarev, in order to facilitate the Cypriot airline’s objective of offering the lowest available ...

The Cyprus Investment Funds Association (CIFA) on Thursday announced that it has signed a memorandum of understanding with the University of Nicosia, with the two parties seeking to bolster their ...

Cyprus’ Gross Domestic Product (GDP) is estimated to have reached €27 billion at the end of 2022, compared to €24 billion in 2021, at current prices, according to a report released this week by ...

The non-profit organisation TechIsland has previously rebuilt the Regional Primary School in Arakapas, which suffered from a terrible wildfire. The organisation has invested more than €200,000 in renovating the school. TechIsland ...

The new Deputy Minister of Research, Innovation and Digital Policy Philippos Hadjizacharias took over the portfolio of the Deputy Ministry of Research, Innovation and Digital Policy during a brief ceremony ...

Cyprus is among the top ten countries for people to retire to, with a focus on affordability, according to a study released on Wednesday by one of the UK’s ...

The business turnover index in Cyprus experienced increases across all sectors of economic activity during 2022, compared to the previous year, according to a report released this week by the Cyprus ...

As was recently announced, the new Deputy Minister of Research, Innovation and Digital Policy is Philippos Hadjizacharias. Hadjizacharias is the managing partner of the consulting and audit firm PHS & ...

Hellenic Bank on Wednesday released its financial results for 2022, posting a full-year profit of €24.2 million, marking a rise of 307 per cent year-on-year. In addition, it managed to further de-risk its ...

CIMA: ‘new minister should focus on seasonality, connectivity and marketing’ The Cyprus Incentives and Meetings Associates (CIMA) has called for president-elect Nicos Christodoulides to carefully consider his appointment of a ...

Cyprus’ government debt fell to €23 billion at the end of 2022, reflecting a 3.9 per cent decrease compared to December 2021, according to a report published on Friday by the Public Debt Management ...

The head of the Cyprus association of entertainment venues (Osika) Neophytos Thrasyvoulou on Friday said that high costs and struggles with finding staff continue to be the main issues facing ...