Cyprus Business News

The Central Bank of Cyprus (CBC) on Wednesday published a report detailing interest rate statistics concerning Cypriot banks, including for deposits and loans of eurozone residents in euros, as well ...

Cypriot digital agency Base Element on Wednesday announced that it has entered into a collaborative initiative with US company Medalia, ultimately seeking to improve the customer experience for brands. “Medallia, ...

Managing Director of Logicom Solutions Chrysostomos Kritiotis on Tuesday provided an evaluation of the previous year’s financial environment, outlining its effects on banks and other organisations. “The outbreak of ...

Cypriot fintech Ask Wire on Tuesday published a report documenting the Nicosia properties that are endangered by a possible overflowing of the Pedieos river. The company noted that the river ...

Council for Registration of Real Estate Agents president Marinos Kineyirou said that the organisation took significant steps to address critical issues concerning both real estate agents and the general public ...

Advisory and consulting firm PwC Cyprus on Monday published its tax guide for 2023, providing a valuable source of information on the current tax system of Cyprus, which the company made ...

When a pet shop owner names his store after the Great Dane he grew up with, you know there’s an unconditional love for animals behind the decision that communicates ...

The outgoing year saw a number of key events in Cyprus’ economy and business world, ranging from domestic legislation to influential international incidents By Kyriacos Nicolaou Resilience amidst adverse conditions ...

The average gross monthly earnings of employees in Cyprus marked a 5.3 per cent year-on-year increase in the third quarter of 2022, according to a report released this week by the Cyprus ...

Cyprus’ tourism revenue for the period between January and October 2022 reached 90 per cent of those recorded in 2019, despite arrivals reaching 80 per cent of those recorded during that year, according to ...

Association of Real Estate Agents and Entrepreneurs of Cyprus (Skek) president Andreas Kaouris on Thursday said that despite the challenges, combined with the decline in global real estate prices, Cyprus’ ...

The National Betting Authority this week announced that it recorded a 24 per cent year-on-year increase in gross betting revenue during the third quarter of 2022, generating €238.1 million, compared to €192.08 million in ...

Almost 10,000 specialised professionals have relocated to Cyprus Information technology sector alone contributes €3 billion to economy More than 1,200 international companies have relocated to Cyprus in 2022, alongside 9,800 specialised members of staff, according ...

Four international rating agencies this week published the dates upon which they will issue their newest evaluating reports on the Republic of Cyprus’ creditworthiness for 2023. The assessments will take place ...

Cyprus VAT Association (Cyva) president Demetra Constantinou this week provided a summary of the benefits, services, and the reason for establishing the association. Constantinou stated that the main reason for ...

Cyprus-based RSL Revolutionary Labs, a healthcare-focused biotech company offering unique skincare formulations designed to treat the unmet needs of oncology patients, has announced that it has received a €700,000 investment from ...

The bank workers union (Etyk) on Wednesday released a statement responding to the recent decision by the attorney-general, stipulating that former bank employees who left their positions by accepting voluntary ...

Between the government’s main focus being more and better paid public employees and banks’ passiveness and single-mindedness the economy only works for the few President Nicos Anastasiades, Minister of ...

The European Central Bank (ECB) on Thursday said it has withdrawn the banking licence of Cyprus’ RCB Bank Ltd. The decision follows the orderly completion of the bank’s voluntary ...

Rising interest rates have not hit the real estate market as sales are up by 36 per cent compared to the same period last year, according to Elikkos Elia, director of ...

Cypriot businesses spend approximately one third of their total advertising budget on digital channels, with seven out of ten businesses estimating that they spend up to €100,000 on digital advertising, according ...

Hourly labour costs, which take into account the total cost incurred per hour, increased by 5.5 per cent in the third quarter of 2022, compared to the corresponding quarter of the previous ...

The Central Bank of Cyprus (CBC) on Tuesday announced the launch of a new Innovation Hub in the field of financial technology (fintech), in an effort to encourage and support ...

The outgoing government will hand over an economy built on solid foundations, as well as a state apparatus ready to respond to any unforeseen crises, President Nicos Anastasiades said on ...