Cyprus Business News

Numerous technology and investment events are set to take place in Cyprus during the coming months, after a busy month in September, particularly in Limassol, where the information technology scene ...

President Nicos Anastasiades on Friday addressed the opening of the Eastern Mediterranean Gas Forum (EMGF) Energy Transition Conference, noting that the conference being held in Cyprus underlines the collaborative relationship ...

Paphos hoteliers association (Pasyxe) president Thanos Michaelides on Thursday spoke on the rise in operating costs in the tourism sector, mainly in terms of energy-related bills and expenses, as well ...

The Cyprus Shipping Chamber (Kne) on Thursday announced that it successfully held a panel discussion focusing on a greener shipping and maritime industry through collaborative practices. The panel discussion was ...

The average gross monthly earnings of employees for 2021 increased by 3.2 per cent compared to 2020 to €2,067, reaching a decade high. According to a press release by the Statistical Service of Cyprus, ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday released an investor guide on financial resilience, highlighting ways in which investors can adapt to a sudden change in their income, ...

Cyprus’ trade deficit increased by €1.53 billion during the first eight months of 2022, compared to the corresponding period from last year, exceeding €5 billion in total value, according to a report based ...

Government employment in Cyprus increased by 0.4 per cent year-on-year in September 2022, with the total number now standing at 52,601 members of staff, according to a report released this week by the ...

The Association for the Protection of Borrowers (Syprodat) on Tuesday released a statement in which it requests meetings with House Speaker Annita Demetriou, Central Bank Governor Constantinos Herodotou, as well ...

The upcoming conference of the Eastern Mediterranean Gas Forum (EMGF) in Cyprus on October 14, which Minister of Energy, Commerce and Industry Natasa Pilides is leading as forum president, will centre ...

The Cyprus Shipping Chamber (Kne) this week announced that it supports the joint statement by European shipping industry stakeholders who call for the sequestration of shipping revenues in the Emission ...

The Economic Policy Uncertainty Index (EPU) in Cyprus surpassed all previous records in April 2022, after the Russian attack on Ukraine last February, reaching a value equal to 364.8, according to a ...

The number of registered unemployed in September 2022 increased compared to September last year, according to both actual and seasonally adjusted data, released on Wednesday by the Cyprus Statistical Service (Cystat). ...

Cash inflow in state-owned asset manager, Kedipes amounted to 115.2 million in the second quarter of 2022, down by 0.9 per cent compared with the first quarter of 2022, marking an increase of 20.9 per ...

Ratings agency Moody’s on Wednesday announced that it has upgraded the Bank of Cyprus and Hellenic Bank’s long-term ratings, including their long-term bank deposit ratings to Ba2, from ...

The majority of Cypriot businesses said that the biggest challenges that they are now facing include the prerequisite development of digital skills of their staff (62 per cent), and the understanding ...

Net new lending in Cyprus fell during August 2022, dropping to €182.3 million, the second month in a row where a decrease was observed, according to a report released on Tuesday by ...

The meeting of the European Central Bank’s (ECB) Governing Council, scheduled to take place in Limassol on Wednesday, is expected to include a discussion on reducing the ECB’s ...

Vibrant Limassol event plays host to business and technology stakeholders from Cyprus and abroad By Kyriacos Nicolaou Startup founders, entrepreneurs, media personalities, technology sector stakeholders and creatives all got together ...

Ariana Resources, the AIM-listed mineral exploration and development company with gold mining interests in Cyprus and elsewhere in Europe, on Friday announced its unaudited interim results for the six months ...

The Nicosia Chamber of Commerce and Industry (Evel) this week announced that it successfully held an event on branding and businesses and professionals can create value for enterprises, industries and ...

Finance Minister Constantinos Petrides on Friday announced that the state budget for 2023 has been approved by the Cabinet of Ministers, noting that it is the most growth-oriented and green budget ...

Major software company JetBrains on Friday announced that it relocated to Cyprus, further showcasing the growth that the island’s information technology ecosystem has experienced in recent years. JetBrains, a ...

Cyprus based Global Maritime Fund (GMF) this week announced that it has been endorsed by International Maritime Industries (IMI), the largest shipyard in the Middle East and North Africa region (...