Cyprus Business News

The European Commission this week released a report noting that Cyprus’ economy is on a healthy trajectory, expecting both GDP to grow and inflation to decrease. However, it added that ...

Here are the top business stories in Cyprus from the week starting March 18: In response to the growing demand for sustainable and environmentally friendly business practices, the Cyprus Chamber of ...

International rating agency Morningstar DBRS on Saturday rated Cyprus at a BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks. “The stable ...

Cyprus’ wholesale trade sector experienced a modest increase in 2023, rising by only 0.9 per cent, according to a report released on Friday by the state’s statistical service. In addition, the ...

Cyprus’ Index of Trade and Repair Activities of Motor Vehicles witnessed a surge of 30 per cent on an annual basis in 2023, primarily reflecting the increased prices, particularly in the used ...

Deputy Minister of Tourism Kostas Koumis this week said that “a sustainable destination is one that respects both its visitors and its own resources, both natural and human”. Koumis’ comment ...

In line with the annual global awareness campaign, Global Money Week 2024, coordinated by the Central Bank of Cyprus (CBC), the CBC has taken the initiative to create educational videos aimed ...

The Central Bank of Cyprus (CBC) on Friday slightly revised its forecast for the country’s economic growth in 2024, estimating it to be at a rate of 2.8 per cent. This ...

The annual growth rate of the Composite Leading Economic Index (CPI) of Cyprus continued to slow in February 2024, remaining marginally positive. This trend, according to the Economics Research Centre (CypERC) ...

Deputy Minister of Tourism Kostas Koumis this week said that “a sustainable destination is one that respects both its visitors and its own resources, both natural and human”. Koumis’ comment ...

The Department of Registrar of Companies this week said that annual fees for companies registered with it are abolished from 2024 onwards, however, annual fees for the years 2011-2023 continue to ...

Minister of Labour Yiannis Panayiotou said this week that proficiency in Greek will play a pivotal role in the approval of renewed work permits and for new foreign applicants. Acknowledging ...

Telecommunications company Cyta is moving ahead with a study on the creation of a new data centre, amidst interest from a total of ten companies, according to Cyta chairperson Maria ...

The Cyprus Stock Exchange (CSE) on Thursday announced the introduction of 25,000 new government bonds by the Republic of Cyprus. Specifically, the CSE confirmed its acceptance of the introduction of 25,000 Government ...

The Central Bank of Cyprus (CBC) on Thursday reported that a total of 16 bounced cheques, worth €19,388 overall, were issued in February. This resulted in 9 individuals (7 legal entities and 2 natural persons) ...

Cyprus-based Infocredit Group, a firm specialising in business intelligence and regulatory technology (RegTech) solutions, this week announced a comprehensive rebranding and a website redesign, with a focus on an improved ...

The flow of tourists travelling from Israel to Cyprus is expected to be restored to last year’s levels within the next month, Association of Cyprus Travel Agents (Acta) chairman ...

The Cyprus Chamber of Commerce and Industry (Keve) announced this week that it will host a Business Forum on March 27, as part of the official visit of the President of ...

Cyprus’ Finance Minister Makis Keravnos on Wednesday met with the president and members of the board of directors of Eurobank Holdings, during which he underscored the significance of attracting foreign ...

Efforts to transform Cyprus into an innovation-led economy resulted in a partnership combining technology and sports Cypriot football club Pafos FC is poised to revolutionise the way its players train ...

Cyprus’ Construction Materials Index experienced a decrease of 2.23 per cent during the first two months of 2024, when compared to the same bimonthly period from the previous year, reflecting a moderation ...

The Commissioner for State Aid Control Stella Michaelides on Wednesday published her decision on a scheme for Small and Medium Size Enterprises (SMEs), titled “Circular Economy Project in Small and ...

A regular visitor from Sweden has been honoured with the title of ‘Tourism Ambassador of Ayia Napa’, in recognition of his 25th visit to the popular Cypriot resort town. According ...

The Bank of Cyprus (BoC) on Wednesday announced that it has obtained approval from the European Central Bank (ECB) to pay a cash dividend and to conduct a share buyback ...