Cyprus Business News

The fiscal accounts of the general government generated a surplus of €141.8 million for the period of January – July 2022, marking a sizeable improvement compared to a deficit of €711 million in the ...

The accommodation and catering services sector showed the largest annual increase in the turnover index during the second quarter of 2022, reflecting the recovery of the tourism industry, according to a ...

Deputy minister for shipping Vassilis Demetriades on Wednesday travelled to the Netherlands to support and promote Cypriot shipping through a number of meetings with Dutch shipping companies. According to an ...

The Bank of Cyprus on Wednesday released its financial results for the first half of 2022, posting a profit after tax of €50 million, marking a significant improvement over the €1 million loss ...

During the previous week, Deputy Minister of Tourism Savvas Perdios spoke on two government schemes that seek to bolster Cyprus’ tourism product, with particular focus on the healthcare and wellness ...

Total petroleum product sales in Cyprus experienced a slight drop in July, with sales from gas station pumps falling for the second month in a row, according to a report ...

A number of loopholes and weaknesses in how rules are enforced have resulted in the delay of millions of euros in taxes being collected, according to a report released this ...

CarVal, an established global alternative investment manager, on Monday, increased its stake in the Bank of Cyprus to 9.07 per cent, up from the previous percentage of 8.57 per cent, through the ...

Tourism revenue reached €835.7 million in the first half of 2022, reflecting a significant increase compared to the corresponding period of 2021, according to a report released on Monday by the Cyprus Statistical ...

The pandemic brought to light a great deal of financial, economic and operational weakness across the world. This prompted organisations across all industries to double down on business reliance planning, ...

The balance of deposits in Cyprus amounted to €51.2 billion, while the balance of loans to €28.6 billion in July 2022, registering a net decrease compared to June, according to a report published ...

By Ioannis Tirkides The current time and the next period for a number of years at least, will be more treacherous for monetary policy. This is because the era of ...

Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides on Thursday said that the commission is closely monitoring the non-binding takeover offers submitted by private equity firm Lone Star for ...

Deputy minister of shipping Vassilis Demetriades on Thursday met with Panama’s director of the general directorate of seafarers, captain Juan Maltez, and the ambassador of Panama Julie Lyberopoulos, in ...

The federation of independent trade unions (Poaso) this week called for an increase in salaries and for the cost-of-living-allowance (CoLA) in Cyprus to be fully reinstated. CoLA, which refers to ...

Deputy Minister of Tourism Savvas Perdios on Wednesday said that two major schemes are being prepared that aim to upgrade Cyprus’ tourism product. These include improving and upgrading services, with ...

External geopolitical uncertainty and soaring inflation continue to trouble the Cypriot economy, causing a decline across a number of leading economic activity variables for the second month in a row, ...

Cypriot company Point Nine on Tuesday announced that it has been selected as one of the 50 best companies to watch in 2022 by The Silicon Review, one of the world’s ...

The Cyprus Fintech Summit is an international summit dedicated to the future of technological innovation in financial services. Top-tier speakers from Cyprus and abroad engage in meaningful conversations about the ...

Ariana Resources, a mineral exploration and development company with gold mining interests in Europe and listed on the Alternative Investment Market (AIM), a sub-market of the London Stock Exchange (LSE), ...

Paphos hoteliers association (Pasyxe) president Thanos Michaelides on Monday said that hotel occupancy rates in the district are ranging between 80 and 85 per cent, before falling to approximately 70 per cent in ...

Cypriot fintech company WiRE FS CEO Pavlos Loizou this week commented on the state of the tourism sector in Cyprus and how it stands up to financial scrutiny, as well ...

The Harmonized Index of Consumer Prices in July 2022 increased by 10.6 per cent compared to July 2021, while compared to the previous month it increased by 1.7 per cent, according to data released ...

University and college students in Paphos will have to pay higher rent prices during the upcoming school year, according to a number of municipality and district officials, with the district ...