Cyprus Business News

The Cyprus Marine and Maritime Institute this week announced that it will be hosting a press conference on the “European Maritime Day (EMD) in Cyprus” with parallel events taking place ...

Cyprus’ Composite Leading Economic Index (CPI) saw an annual increase of 1.4 per cent in March 2023, according to the Economics Research Centre (CypERC) of the University of Cyprus. This positive growth ...

Eurostat, the statistical service of the EU, this week released a report showing that hourly wages and salaries in the whole economy rose in 2022, with the average hourly wage in ...

The Cyprus tourism exhibition is aiming to become an important regional exhibition for both Europe and neighbouring countries, with the exhibition undergoing a revamp in order to achieve this. According ...

Harmonised inflation in Cyprus rose by 6.1 per cent in March 2023 compared to the same period last year, according to a report released this week by the Cyprus Statistical Service (Cystat). ...

More than 4,000 accounts held by Russians in Cypriot banks could be closed over the next two months following the imposition of sanctions on a number of individuals in Cyprus, by ...

President of the Cyprus Bar Association Christos Clerides on Thursday said that the closing of bank accounts was strictly governed by the individual contract that a person has with a ...

National investment promotion agency Invest Cyprus on Thursday announced that it has officially joined the World Association of PPP Units & Professionals (WAPPP). WAPPP is a non-profit global association based ...

Cyprus’ National Electronic Health Authority and the Health Ministry are taking strides to address electronic health issues and are holding a lecture to inform the public about the progress they ...

Cypriot expat and business mogul John Christodoulou recently shared his experience of investing in real estate during the annual Real Estate & Construction Conference & Exhibition held at the Hilton ...

The Nicosia regional board of tourism (Etap) on Wednesday announced the successful completion of a two-day information session it recently held, which focused on educational tourism. The event, which was ...

British budget airline easyJet on Tuesday released a six-month update on its results, ending March 31, 2023, which showed a £120 million improvement over the corresponding period of the previous year. The company, ...

The first phase of a scheme to transition hotel businesses to a circular economic model has begun in Cyprus, aimed at strengthening their competitiveness and resilience through sustainable practices. The ...

Cyprus-based venture capital firm 33East on Tuesday announced that it has been selected to manage the Cyprus Equity Fund, further helping to grow and develop the island’s startup and ...

A tender with an estimated value of €2 million for the preparation of a modernised bill and regulations covering the outdated companies’ law was announced by the finance ministry on Tuesday ...

The Bank of Cyprus has become the first bank in Cyprus and Greece to receive approval from the European Central Bank (ECB) to pay dividends, it announced on Monday. The ...

The European Commission has just published the 2022 edition of the ‘EU Regional Competitiveness Index’. Published every three years since 2010, the Index has been measuring ‘the ability of a region to ...

Here’s a summary of the top business news stories from the week starting April 10: Cyprus’ trade deficit soared by €1 billion in the first two months of 2023, reaching €1.87 billion compared ...

Limassol mayor Nicos Nicolaides this week spoke on the city’s efforts to prepare for a busy tourist summer season, particularly in terms of visitors arriving on cruise ships. According ...

The Cyprus Securities and Exchange Commission CySEC this week announced its decision to impose a fine of €1 million on the Cyprus Investment Firm Itrade Global (Cy) Ltd. According to an ...

The Central Bank of Cyprus (CBC) reported this week that its January 2023 Bank Loan Survey had recorded stricter lending criteria for all categories of loans, resulting in reduced supply and ...

Paphos plans to strengthen its tourism industry through development and innovation, according to Kyriakos Drousiotis, chairman of the district’s regional board of tourism (Etap). Drousiotis emphasised the agency’s ...

Larnaca is quickly becoming a popular tourist destination, according to Costas Koumis, the Deputy Minister of Tourism, who pledged to continue supporting the district’s efforts in making this happen. ...

Cyprus’ trade deficit increased by approximately €1 billion during the first two months of the year, compared to the same period last year, according to a report released this week by ...