Cyprus Business News

By George Markides, George Kassinis, Andreas Soteriou Over the past two decades, financial technology (FinTech) has transformed the established financial sector by introducing more efficient and innovative methods of providing ...

Here are the top business stories in Cyprus from the week starting August 26: Starting with the economic landscape, the value of Cypriot bonds held by the Eurosystem has decreased to €6.38 ...

Hellenic Bank on Friday posted a profit after tax of €189 million for the first half of 2024, marking an 18 per cent increase compared to the same period during the previous year. ...

The entrepreneurial spirit in Cyprus shone brightly at the Startup World Cup Cyprus Finals 2024, where Fincom emerged victorious among nine competing startups. Presented by Unlimit, the event showcased the innovative ...

Cyprus’ 50 priciest property transactions across Cyprus totalled a substantial €55.7 million in July, according to real estate analytics firm Ask Wire. Indicatively, the company highlighted a house in Peyia that fetched ...

The Cyprus general government recorded a surplus of €702.50 million, equivalent to 2.2 per cent of GDP, during the first seven months of 2024. According to a report released on Friday by the ...

The Cyprus Chamber of Commerce and Industry (Keve) on Friday announced an upcoming networking event to introduce the EULEP project, an initiative centred around vocational education and training. The event, ...

Hellenic Bank on Friday posted a profit after tax of €189 million for the first half of 2024, marking an 18 per cent increase compared to the same period during the previous year. ...

Industrial production in Cyprus recorded a 6.1 per cent increase year-on-year during June 2024, according to a report released this week by the Cyprus Statistical Service (Cystat). The Industrial Production Index reached 117.3 ...

Delfi Partners director Michalis Loizou on Thursday argued against the notion that short-term rental properties in Cyprus are the primary cause of rising rental costs, suggesting that other factors contribute ...

President of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides on Thursday said that hotels on the island have had a robust tourist season in 2024. This is despite a modest decline ...

The unemployment rate in Cyprus decreased to 4.6 per cent in the second quarter of 2024, as reported on Thursday by the Cyprus Statistical Service (Cystat). This marks an improvement from the ...

Cyprus’ tourism revenue reached €385.2 million in June 2024, marking a 6.6 per cent rise compared to €361.5 million in the same month of the previous year. According to the Cyprus Statistical Service (Cystat), ...

State-owned asset management company Kedipes on Thursday announced that its mortgage-to-rent scheme, launched in December 2023 to protect vulnerable homeowners, has already attracted over 2,500 applications. Ahead of the scheme’s deadline ...

Delfi Partners director Michalis Loizou on Thursday argued against the notion that short-term rental properties in Cyprus are the primary cause of rising rental costs, suggesting that other factors contribute ...

Brookstreet Equity Partners, a Greek-founded fund management firm, whose investment footprint includes Cyprus, this week launched a new investment platform based in London. According to an official announcement, the new ...

The Finance Ministry is aiming to reduce public debt to below 60 per cent of GDP by 2026, according to Finance Minister Makis Keravnos. Commenting on the latest International Monetary Fund (IMF) ...

Total deposits in the Cypriot banking system saw a net increase of €164.7 million in July, reversing the €44.1 million decrease from June, according to a report released on Wednesday from the ...

The American University of Beirut – Mediterraneo (AUB Mediterraneo) will inaugurate its new Paphos campus on September 4, a significant milestone for its operations in Cyprus. The inaugural ceremony, scheduled for 7:00 pm ...

The Cyprus Agricultural Payments Organisation (Capo) this week announced that it has established a strategic partnership with the Eratosthenes Centre of Excellence (ECoE), which operates within the Cyprus University of ...

The Finance Ministry is aiming to reduce public debt to below 60 per cent of GDP by 2026, according to Finance Minister Makis Keravnos. Commenting on the latest International Monetary Fund (IMF) ...

The Cypriot government is in the process of creating a national strategy for cruise tourism, aimed at transforming the island into a prime destination in the Eastern Mediterranean, it emerged ...

Cyprus witnessed an improvement in its economic sentiment in August 2024, according to the University of Cyprus’ Economics Research Centre (CypERC). In a report released this week, the centre noted that ...

Current Eurobank Cyprus CEO Michalis Louis is expected to become the new chief executive officer of Hellenic Bank, it emerged on Tuesday. This appointment comes as part of a broader ...