Cyprus Business News

Cyprus recorded a record-breaking €3.2 billion in foreign direct investment (FDI) for 2023, according to Invest Cyprus, the agency tasked with driving investments to the island. This figure was reported during the ...

The Bank of Cyprus Holdings (BOCH) this week announced the repurchase of 65,000 ordinary shares of €0.10 each. These purchases, effective as of November 14, took place on the Cyprus Stock Exchange (CSE) ...

AstroBank has appointed Natasa Pilides, former Minister of Energy, Commerce, and Industry, as an independent member of its board of directors. According to an announcement released on Friday, the appointment ...

EMBIO Diagnostics, a Cypriot startup based in Nicosia and specialising in rapid diagnostic technologies for food safety and air quality, has secured €2.5 million in funding to drive international growth and ...

ARIS, a Cyprus-based accelerator founded in partnership with Deloitte Cyprus, has announced a strategic shift to focus on promoting and empowering start-up and scale-up success stories. Established in 2018 in Limassol, ...

Property prices in Limassol surged in 2024, with apartment prices up by over 20 per cent and house prices rising by 30 per cent, according to a report from Nicosia-based firm Landbank Analytics. ...

The director general of the Finance Ministry and the Interior Minister reassured the House internal affairs committee about recent concerns regarding the regulations for facilitating strategic development projects. During a ...

Hellenic Bank has underscored the importance of long-term investment strategies in navigating a highly volatile market environment. Speaking at the first Where to Invest Forum 2024, organised by the bank as ...

Cyprus aims to build closer ties with Bahrain in aviation, security, and crisis management by making its first appearance at the Bahrain International Airshow 2024. This new chapter in bilateral relations ...

Cyprus’ economy grew steadily in the third quarter of 2024, with GDP rising by 3.9 per cent year-on-year, according to a flash estimate released on Thursday by the state’s statistical service. ...

The director general of the Finance Ministry and the Interior Minister reassured the House internal affairs committee about recent concerns regarding the regulations for facilitating strategic development projects. During a ...

The Research and Innovation Foundation (RIF) has announced a new funding cycle under its PhD in Industry programme. According to an official announcement released on Thursday, the new programme will ...

Salamis Tours shares soared on the Cyprus Stock Exchange (CSE) on Wednesday after its main shareholder, E.V.H. Investments, announced a mandatory public offer to acquire up to 100 per ...

Cyprus-based software engineering firm Pale Blue recently announced the launch of Eventorio, an event companion app designed to streamline event planning and improve attendee experiences. According to the company, the ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced that Crypto-Asset Service Providers (CASPs) in Cyprus can now apply for a preliminary assessment under the EU’s Markets in ...

Deputy Shipping Minister Marina Hadjimanolis is set to travel to Hong Kong on Wednesday at the invitation of the President of the International Chamber of Shipping. According to an official ...

Energy technology firm EnergyIntel recently hosted Chief Scientist and Research and Innovation Foundation (RIF) president Demetris Skourides, according to an announcement released on Wednesday. Skourides visited the company’s headquarters ...

Diners in Cyprus are paying more but often getting less when visiting restaurants, according to a survey conducted by the Cyprus Consumers Association. The association, which conducted the survey with ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced that Crypto-Asset Service Providers (CASPs) in Cyprus can now apply for a preliminary assessment under the EU’s Markets in ...

“Cyprus has gone from zero to over 330 licensed investment entities managing €9 billion in assets in just a decade,” according to Maria Panayiotou, president of the Cyprus Investment Fund Association (CIFA). ...

The Bank of Cyprus (BoC) on Tuesday reported a profit after tax of €401 million for the first nine months of 2024, representing a 15 per cent increase year-on-year. According to the bank’...

Mortgage interest rates for new housing loans in Cyprus remained high during September 2024, despite the declining trend in rates set by the European Central Bank (ECB). According to a report ...

The downward trend of non-performing loans (NPLs) in Cyprus continued in August 2024, with an additional €15 million decrease. According to a report released on Tuesday from the Central Bank of Cyprus (...

Cyprus is gaining momentum as a filming destination, supported by strategic efforts from Invest Cyprus to draw high-profile productions to the island. According to the investment promotion agency, the are 13 ...