Cyprus Business News

International credit rating agency S&P Global Ratings (S&P) on Wednesday upgraded the Bank of Cyprus and revised its outlook from stable to positive, citing the bank’...

Cypriot real estate and technology company Ask Wire on Wednesday released the latest iteration of its property market index, updated to include the first quarter of 2023, revealing that property prices ...

The general secretary of the labour union PEO Sotiroula Charalambous this week announced that the union will meet with the Labour Minister on Friday to have a discussion over the ...

The Cyprus IT Enterprises Association (CITEA), a member of the Employers and Industrialists Federation (Oev), announced this week that it held a meeting with the new Deputy Minister of Research, ...

The president of the Cyprus Employers and Industrialists Federation (Oev) Antonis Antoniou on Tuesday used his speech at the federation’s annual general meeting to welcome the fresh start offered ...

The Deputy Ministry of Tourism, in partnership with the Ayia Napa municipality, on Tuesday announced that it recently held an event focused on providing employment opportunities for Ukrainian refugees currently ...

National flag carrier Cyprus Airways this week announced that there was a significant increase in passenger transport and flights in March. According to the announcement, the airline carried 25,899 passengers in ...

The energy transition is crucial for delivering a sustainable future to the next generations, but it also involves a number of obstacles, which must be addressed, according to Andreas Poullikkas, ...

The University of Cyprus on Monday announced the launch of a new postgraduate programme in behavioural economics, which is designed to prepare students for career options requiring analysis of human ...

A protest which blocked off entry and departure of ships from Larnaca port on Monday morning caused a stern reaction from Kition Ocean Holdings, which warned it was considering taking ...

The Cyprus Germany Business Association (CGBA) on Monday announced that it is set to host a public event entitled dedicated to doing business with Germany. The event will take place ...

The Cyprus Economy and Competitiveness Council on Monday released a statement saying that the creation and implementation of a holistic plan that takes the entire country into account should be ...

Here’s a summary of the top business news stories from the week starting April 17: Cyprus has scored below the EU average in the 2022 Competitiveness Index: According to the annual ...

The Cyprus Statistical Service (Cystat) announced on Friday that the price index of construction materials rose by 8.15 per cent in March, reaching 135.89 units. This is compared to the same period ...

Consulting and advisory firm Deloitte Cyprus recently published its findings on the social and economic impact of atherosclerosis in Cyprus, with the overall cost to the state estimated in the ...

Dubai Police this week announced a new diploma programme on financial investigations for digital assets, which was developed in partnership with the University of Nicosia’s Institute for the Future (...

Cyprus recorded a fiscal surplus of €570.2 million, a share of 2.1 per cent of GDP, for the year 2022, according to a report released on Friday by the Cyprus Statistical Service (Cystat). ...

The Cyprus Marine and Maritime Institute this week announced that it will be hosting a press conference on the “European Maritime Day (EMD) in Cyprus” with parallel events taking place ...

Cyprus’ Composite Leading Economic Index (CPI) saw an annual increase of 1.4 per cent in March 2023, according to the Economics Research Centre (CypERC) of the University of Cyprus. This positive growth ...

Eurostat, the statistical service of the EU, this week released a report showing that hourly wages and salaries in the whole economy rose in 2022, with the average hourly wage in ...

The Cyprus tourism exhibition is aiming to become an important regional exhibition for both Europe and neighbouring countries, with the exhibition undergoing a revamp in order to achieve this. According ...

Harmonised inflation in Cyprus rose by 6.1 per cent in March 2023 compared to the same period last year, according to a report released this week by the Cyprus Statistical Service (Cystat). ...

More than 4,000 accounts held by Russians in Cypriot banks could be closed over the next two months following the imposition of sanctions on a number of individuals in Cyprus, by ...

President of the Cyprus Bar Association Christos Clerides on Thursday said that the closing of bank accounts was strictly governed by the individual contract that a person has with a ...