Cyprus Business News

Cyprus saw a decrease in net demand for new business loans in the final quarter of 2023, continuing a downward trend observed since the first quarter of 2022, albeit to a lesser ...

International rating agency, Morningstar DBRS this week slightly downgraded its estimates for Cyprus’ economic growth in 2024 to 2.4 per cent, compared to the 2.5 per cent forecasted in December. However, it significantly ...

The Finance Ministry on Wednesday released a statement welcoming the outcomes of the European Commission’s recent in-depth review, highlighting that they “demonstrate the government’s sound economic policies and ...

The Chartered Financial Analyst (CFA) Society Cyprus recently held an educational interactive day focused on private equity and investment funds. The event involved the presence of members of the association, ...

Cyprus took part in the International Food and Drink Event (IFE) this week, promoting a number of products at the three-day international food and beverage event, that opened its doors ...

Interior Minister Constantinos Ioannou addressed the 18th Real Estate, Land Development, Planning, and Construction Conference on Wednesday, outlining recent developments in the real estate sector, as well as the government’...

The European Commission this week released a report noting that Cyprus’ economy is on a healthy trajectory, expecting both GDP to grow and inflation to decrease. However, it added that ...

Cypriot real estate market analytics firm Ask Wire on Tuesday released a report outlining the ten most expensive property transactions completed in February 2024, shedding light on the state of the ...

The Ministry of Energy, Commerce, and Industry on Tuesday announced that, in collaboration with the Cyprus Trade Centre in Berlin, took part in the International Wine and Spirits Exhibition PROWEIN 2024, ...

President of the federation of leisure centre owners (Osika) Fytos Thrasyvoulou on Tuesday said that restaurants and bars in Cyprus were teeming with customers during both three-day weekends, encompassing Green ...

The Cyprus Securities and Exchange Commission (CySEC) imposed a number of fines for a variety of violations during March, pertaining to two entities, worth a total of €76,500, spread across three ...

The European Commission this week released a report noting that Cyprus’ economy is on a healthy trajectory, expecting both GDP to grow and inflation to decrease. However, it added that ...

Here are the top business stories in Cyprus from the week starting March 18: In response to the growing demand for sustainable and environmentally friendly business practices, the Cyprus Chamber of ...

International rating agency Morningstar DBRS on Saturday rated Cyprus at a BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks. “The stable ...

Cyprus’ wholesale trade sector experienced a modest increase in 2023, rising by only 0.9 per cent, according to a report released on Friday by the state’s statistical service. In addition, the ...

Cyprus’ Index of Trade and Repair Activities of Motor Vehicles witnessed a surge of 30 per cent on an annual basis in 2023, primarily reflecting the increased prices, particularly in the used ...

Deputy Minister of Tourism Kostas Koumis this week said that “a sustainable destination is one that respects both its visitors and its own resources, both natural and human”. Koumis’ comment ...

In line with the annual global awareness campaign, Global Money Week 2024, coordinated by the Central Bank of Cyprus (CBC), the CBC has taken the initiative to create educational videos aimed ...

The Central Bank of Cyprus (CBC) on Friday slightly revised its forecast for the country’s economic growth in 2024, estimating it to be at a rate of 2.8 per cent. This ...

The annual growth rate of the Composite Leading Economic Index (CPI) of Cyprus continued to slow in February 2024, remaining marginally positive. This trend, according to the Economics Research Centre (CypERC) ...

Deputy Minister of Tourism Kostas Koumis this week said that “a sustainable destination is one that respects both its visitors and its own resources, both natural and human”. Koumis’ comment ...

The Department of Registrar of Companies this week said that annual fees for companies registered with it are abolished from 2024 onwards, however, annual fees for the years 2011-2023 continue to ...

Minister of Labour Yiannis Panayiotou said this week that proficiency in Greek will play a pivotal role in the approval of renewed work permits and for new foreign applicants. Acknowledging ...

Telecommunications company Cyta is moving ahead with a study on the creation of a new data centre, amidst interest from a total of ten companies, according to Cyta chairperson Maria ...