Cyprus Business News

Labour minister Kyriacos Koushos on Wednesday expressed satisfaction at the launch of the social insurance office’s digital service for receiving childbirth aid. Koushos, who also thanked Deputy Minister for ...

Value added in the construction sector in Cyprus dropped after 5 years of growth in 2020, according to the construction and land development survey conducted by the Cyprus Statistical Service (Cystat). The ...

By Robert Street In recent years Cyprus has significantly enhanced its fund legislation to position itself as a flexible and cost-effective jurisdiction for funds and fund managers within the European ...

The total value of assets under management (AUM) by Collective Funds declined by 3.9 per cent in the first quarter of 2022 over the previous quarter, while Management Companies and Undertakings of ...

The Cyprus University of Technology (Tepak) earlier this week entered into a partnership agreement with software company SoftOne Cyprus. The partnership was ratified through the signing of a memorandum of ...

The Cyprus Chamber of Commerce (Keve) on Tuesday announced that it will be holding a seminar on career prospects in the maritime sector. The seminar, which is being held in ...

The total number of permanent staff employed by the government decreased by 679 persons or 2.5 per cent, with the figure dropping from 26,629 to 25,950, according to the Cyprus Statistical Service (Cystat). In ...

Hellenic Bank on Monday announced that it has successfully launched and priced the issuance of €100 million Senior Preferred Notes, under its €1.5 billion Medium Term Note Programme (EMTN). According to the ...

Cyprus’ real estate sector is exhibiting resilience and adjustability, Council for Registration of Real Estate Agents president Marinos Kineyirou said on Monday. However, Kineyirou warned that the market will become ...

Cyprus’ trade deficit reached €2.96 billion for the period between January and May 2022, according to provisional data released by the Cyprus Statistical Service (Cystat) on Monday. This represents an increase of ...

The Research and Innovation Foundation (Idek) on Friday announced the launch of a new call for proposals for the programme titled ‘Proof of Concept for Technology and Knowhow Applications’. The ...

President Nicos Anastasiades on Friday hailed the approval of Cyprus’ social cohesion policy programme Thalia 2021-2017, calling it a landmark moment in the country’s efforts to restructure and evolve ...

The Cyprus Statistical Service (Cystat) on Thursday announced that the number of building permits in April 2022 decreased by 10.7 per cent year-on-year. Building permits during this time fell to 560, down from 627 ...

President Nicos Anastasiades on Thursday met with EU Commissioner for Cohesion and Reforms Elisa Ferreira, with the latter travelling to Cyprus to announce the approval of the Cohesion Policy’s ...

Numerous stakeholders from the Cypriot business, research and academic communities examined the implementation and benefits of corporate sustainability at a conference held earlier this week at Hilton Nicosia. The conference, ...

Total new loans recorded an increase in May 2022, amounting to €362.9 million in total, according to a report released this week by the Central Bank of Cyprus. This has been primarily ...

Finance Minister Constantinos Petrides on Wednesday said that the government’s long-term economic strategy Vision 2035 is based on tangible actions and is designed to tackle the challenges that Cyprus will ...

The Deputy Ministry for Research, Innovation and Digital Policy on Tuesday announced that minister Kyriacos Kokkinos is taking part in the 26th Annual Economist Government Roundtable, which is taking place ...

Eurostat, the statistical office of the European Union, on Tuesday announced that there was a slight improvement in overall employment in the EU during the first quarter of 2022, when compared ...

Cyprus should implement firmer and more transparent means of protecting public health as it moves ahead with its gas exploitation programme, according to a study by the Cyprus University of ...

The Deputy Ministry of Shipping on Monday announced that minister Vassilios Demetriades is currently in Japan on an official visit. During his time in the country, the minister will hold ...

PwC Cyprus on Monday said that international investments are crucial to the Cypriot economy, something which was highlighted during the Invest Cyprus International Investment Awards. The event took place on ...

The Bank of Cyprus on Monday announced that it will implement a voluntary retirement scheme that will seek to reduce its staff by 15 per cent, which amounts to approximately 500-600 ...

Employment in the broad industrial sector decreased in 2020 by 1.5 per cent to 39,100 compared to 39,700 in 2019, according to the results of the Survey on Industrial Production 2020, published by the Cyprus Statistical ...