Cyprus Business News

TechIsland, Cyprus’s leading tech association, on Thursday released a statement announcing that Ugne Buraciene, Group Chief Executive Officer of payabl., has officially joined its board of directors, effective as ...

By Kyriacos Nicolaou In this exclusive interview, Timur Turlov, a visionary leader and CEO, delves into his triumphant journey in the world of finance. It all began in 2008 amidst the ...

Cyprus’ banking sector has seen its net interest income double in the first half of 2023, marking a 100 per cent increase compared to the same period last year. This surge is ...

Freedom Finance Europe announced this week that it will be hosting the Annual Financial Markets Forum (AFMF) in Cyprus for the second year in a row, with the event taking ...

The Vice President of the European Central Bank (ECB) Luis de Guindos on Wednesday praised the notable improvement in Cyprus’ economy and its recent upgrade by two credit rating agencies ...

Finance Minister Makis Keravnos delivered on Wednesday the state budget for 2024 with a promise of cost-of-living relief measures by the end of the month – and a look ahead to next ...

Cyprus witnessed a notable increase in house prices during the second quarter of 2023, with the House Price Index (HPI) rising by 3.2 per cent during this time, compared to the same ...

Cyprus has witnessed a decrease of €83 million in non-performing loans (NPLs) in the local banking system at the end of June, dropping from €2.19 billion to €2.11 billion, compared to the previous ...

The retail industry in Cyprus experienced significant growth in August 2023, with the Retail Trade Turnover Index showing a remarkable increase of 10.1 per cent, compared to the same month in the ...

Two Cypriot banks, the Bank of Cyprus and the Hellenic Bank, had their credit ratings upgraded by investment service Moody’s on Monday. Both had their long-term deposit ratings increased ...

Cyprus tourism has experienced a remarkable surge in revenue, with an impressive 26.9 per cent increase during the period of January to July 2023, compared to the same period in 2022. These findings ...

Praxis Tech, a leading payment orchestration software company based in Cyprus, this week announced the signing of a partnership agreement with Choise.com, a fast-growing crypto ecosystem comprising a digital ...

As Maritime Cyprus 2023 opens on October 8, the international shipping community emerges from the pandemic after a rollercoaster ride through the mother of all crises John Ioannou, HR and Crew Management ...

The Cyprus Real Estate Registration Council announced that with continuous member education as one of its top priorities, and aiming to provide the best possible training, it successfully organised another ...

In nominal terms, earnings in Cyprus went up by an average of 7 per cent on an annual basis, according to data just released by the Statistical Service. Average gross monthly ...

It gives me great pleasure to address this special issue of Cyprus 4.0 dedicated to highlighting Cyprus’s shipping sector, says Marina Hadjimanolis “Shipping is a business sector for which we ...

The Cyprus Securities and Exchange Commission (CySEC) on Monday released a statement announcing its active participation in World Investor Week 2023 (WIW2023), a global initiative that unites regulators from more than 100 ...

Aivitam Ventures, together with Forbes Cyprus, has announced the launch of the Forbes Cyprus 20 Women in Tech Awards for female entrepreneurs and employees in the tech sector who have made ...

Soula, a Cyprus-based innovative company behind the world’s first safe and empathic AI in maternity, recently announced that it managed to emerge victorious at the prestigious ReflectX Startup Competition, ...

Relive the mesmerising moment when 200 drones illuminated the sky above Limassol during this year’s Reflect Festival’s grand opening. Reflect Festival, in partnership with PwC Cyprus Experience Centre, showcased ...

Cyprus’ shipping industry has a prominent role as a leading global shipping and ship management centre Our fourth issue of Cyprus 4.0 for 2023, centres on Cyprus’ shipping industry and the islands ...

Worries also raised about ecosystem near the private facility that would create electricity from natural gas Construction at the first private power station in Cyprus has come to a halt, ...

Here are the top business stories in Cyprus from the week starting September 25: National flag carrier Cyprus Airways on Thursday announced a strong performance for the month of August 2023, reporting ...

Cyprus meets all the necessary requirements to become a global business and investment hub, according to the Cyprus Association of Major Developments , which represents 15 members overseeing some of the largest ...