Cyprus Business News

The economic sentiment in Cyprus improved in January 2023, with the Economic Sentiment Index (ESI) increasing by 0.9 points compared to December 2022, according to a report released on Friday by the Centre ...

Petrol station sales in Cyprus marked a decrease of 7.5 per cent in December 2022, compared to the corresponding month of 2021, according to data released on Friday by the Cyprus Statistical Service (...

Deposits in the Cypriot banking system experienced an increase of approximately €590 million in December 2022, with their total balance exceeding €52 billion, according to a report published on Friday by the Central ...

Cyta celebrated the connection of its 100,000 customers to its island-wide Cyta Fibre network by offering 100 months of free internet to Andreas Michael from Geroskipou, the customer with connection number 100,000. Having ...

The Cyprus Securities and Exchange Commission (CySEC) this week released the findings of a study seeking to identify the behaviour and habits of European investors. particularly with the increased use ...

Shipping Deputy Minister Vassilios Demetriades this week provided a summary of the work that has been implemented under his watch, saying that Cyprus’ shipping sector has been making the country ...

Could taxing idle properties be the answer to the market’s inability to meet demand? The city of Limassol could have an additional 8,000 apartments, with many swathes of land currently ...

Plum, the smart European money app announced this week that it is launching in Cyprus, allowing Cypriots to join the 1.5 million people who are already using the app to save ...

The Paphos Chamber of Commerce and Industry (Evep) on Wednesday said that foreign investments in the district have exceeded €15 million in total. According to statements made by chamber secretary and ...

Port management company DP World Limassol and the Cyprus University of Technology (Tepak) on Wednesday announced that they signed a cooperation agreement during a special ceremony held at the university’...

The domestic bonds issued by the Republic of Cyprus started 2023 with an increase, reflecting ongoing high inflation and the upward trend of key interest rates that is currently prevailing across ...

The company’s decision has given a vote of confidence to Cyprus’ efforts to establish itself as a European tech hub National investment agency Invest Cyprus on Wednesday released a ...

The third Reach Incubator open call is now open for applications and looking for companies and startups who work with Big Data. Startups and SMEs from Cyprus and other European ...

Cyprus Seeds celebrated 5 years of scientific innovation and showcased their important non-profit work Cyprus Seeds and Eurobank Cyprus celebrated the completion of five years of continuous support, aimed at strengthening ...

Younger employees don’t ascribe to traditional job descriptions, want more flexibility, and want organisations to match their own values. Deloitte Cyprus consulting services leader George Pantelides on Tuesday highlighted ...

Shipping Deputy Minister Vassilios Demetriades this week welcomed the decision by cruise line Royal Caribbean to open an office for their group in Cyprus, saying that this decision is proof ...

The Cyprus Fiscal Council on Tuesday said that decisions in the vein of the foreclosure suspension ultimately exclude the most financially vulnerable social groups from being able to get a ...

The economy will slow down in 2023 as interest rate hikes in tandem with high prices suppress consumer demand, the University of Cyprus’ Economics Research Centre has forecast. In its latest ‘...

The Cyprus Mail talked to Orestis Aristides, the director of Drakos DMC, about the company’s focus on golf on the island and how that sector is expected to grow ...

The Council for Registration of Real Estate Agents on Friday announced that it successfully held its new year event, in which it recapped the events of 2022, and set the tone ...

By Charles Ellinas With no end in sight for the Russia-Ukraine war, global energy markets will continue to be unstable, making 2023 another difficult year for global energy. On top of ...

Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Friday stressed the need to maintain fiscal space in the midst of increased risks due to the war in Ukraine, something ...

The Research and Innovation Foundation (Idek) on Friday announced that it will be allocating €10 million to innovative businesses as part of its DISRUPT programme, with the ultimate aim being to ...

The total number of trips by Cypriot residents abroad increased by 129.4 per cent in December 2022, compared to December 2021, mirroring the broader trend in international air travel, which continues to recover. ...