Cyprus Business News

Government spokesperson Konstantinos Letymbiotis on Friday stated that nearly 2,000 companies had registered with the Company Facilitation Unit since 2022, employing 19,000 skilled workers. Letymbiotis, who was speaking at a press conference, added ...

President Nikos Christodoulides on Thursday updated foreign investors on the progress of Cyprus’ Strategy for Attracting Investment and Talent, in effect since 2022. Speaking at an event at the Presidential Palace ...

Cyprus and Egypt have a bilateral strategic relationship that contributes positively to the security and stability of the Eastern Mediterranean, the foreign ministers of both countries said on Thursday, after ...

President Nikos Christodoulides on Thursday presented the progress of implementing Cyprus’ Strategy for Attracting Investment and Talent, which has been in effect since 2022, along with the new actions designed to ...

Registrations of saloon vehicles showed a double-digit increase in January 2024, according to a report by the Cyprus Statistical Service (Cystat). Specifically, the report showed that registrations of passenger saloon cars ...

Cypriot real estate analytics firm Ask Wire on Thursday released a report outlining the performance of the local property market for the fourth quarter of 2023, including property sales and rental ...

The Central Bank of Cyprus (CBC) this week released a statement highlighting the importance of the visit by Pablo Hernandez de Cos, the governor of the Central Bank of Spain, ...

Vice President and Senior Analyst at Moody’s risk assessment group Haiko Peters this week praised the Cypriot’s economy steady improvement, referencing both its growth and ability to weather ...

The Cabinet of Ministers, led by Deputy Minister of Shipping Marina Hadjimanoli, this week approved updated green incentives for the Cypriot shipping sector in 2024, in line with the European Green ...

The Cyprus Employers & Industrialists Federation (Oev) this week expressed its satisfaction with the approval of the Grants Scheme for Energy Upgrade and Competitiveness Enhancement for Large Enterprises. The proposal, ...

Finance Minister Makis Keravnos on Wednesday announced that the Cabinet has approved the revision of the strategic plan aimed at attracting foreign businesses to Cyprus. The revised strategy, according to ...

Cruise industry giant Royal Caribbean Group announced on Wednesday that it is now hiring members of staff based in Cyprus for its cruise ships, with a diverse set of roles ...

The Association of Large Investment Projects on Wednesday released a statement saying that large-scale projects, with a total value exceeding €8 billion, will take centre stage in Cyprus’ economic development journey ...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday announced a state-of-the-art online course through its I-STARS (Innovative Strategies, Training, and Resources for Sustainability) project. According to the announcement, ...

Bank of Spain governor Pablo Hernández de Cos on Tuesday said that the European Central Bank (ECB) will proceed with cutting interest rates, without, however, specifying the timeline for ...

The Larnaca regional tourism board (Etap) announced on Tuesday that its participation in several European programmes will ultimately help to boost specialisation and professional qualifications in Cyprus’ tourism and hospitality ...

The share of renewable energy sources in transport in Cyprus stood at 7.2 per cent in 2022, without significant change compared to 2021, according to a report released this week by Eurostat, the ...

Paphos regional tourism board (Etap) representatives are visiting the city of Faenza, Italy, under the framework of the Interreg Euro MED European programme, titled ‘MED-Routes’, for the opening meeting of ...

Short-term rental properties are increasing in popularity in Cyprus, quickly becoming a mainstay in the accommodation choices of both travellers and locals, according to Yiannis Kotzias, general manager of operations ...

Consulting and advisory firm PwC Cyprus this week announced that it hosted another successful ACCA Award Ceremony, held at the organisation’s Experience Centre, in the presence of Philippos Soseilos, ...

The number of registered unemployed individuals in Cyprus saw a significant decrease of 12.3 per cent on an annual basis in January 2024, according to a report released this week by the ...

The Cyprus Securities and Exchange Commission (CySEC) has announced that it recently reached settlement agreements with two Cypriot companies, the Cyprus Trading Corporation, and Woolworth (Cyprus) Properties. In both instances, ...

Here are the top business stories in Cyprus from the week starting January 29: In maritime affairs, the Cyprus Shipping Chamber (Kne) announced on Monday that it is marking 35 years of ...

The Cyprus Chamber of Commerce and Industry (Keve) and the Cyprus Bank Association this week reached a preliminary agreement to collaborate on joint initiatives and public outreach concerning matters of ...