Cyprus Business News

Freedom Finance Europe recently announced that it continues to improve the conditions for its clients to keep free cash on the Freedom 24 investment platform, with the interest paid on the ...

Cyprus-based proptech startup Movingdoors, which provides tech-enabled serviced apartments, this week announced the successful closure of its recent seed funding round, raising a total amount of €1.163 million with Uni.fund, ...

By Iole Damaskinos and Elias Hazou There is great value for the Cyprus electricity market in establishing the mooted subsea power cable connecting Cyprus, Greece and Israel – the Great Sea ...

PwC Cyprus hosted a breakfast event titled ‘Setting Sail for Success in the Shipping Sector’ on January 23, bringing together leaders from the Cyprus shipping industry to address critical challenges and ...

Cyprus Deputy Minister of Shipping Marina Hadjimanolis held discussions with top executives of Royal Caribbean in Miami during the previous week, presenting the competitive advantages and services offered by ship ...

Cyprus’ Composite Leading Economic Index (CLEI), a key economic indicator compiled by the University of Cyprus’ Economic Research Centre (CypERC), remained positive in the fourth quarter of 2023, albeit while experiencing ...

Cyprus Finance Minister Makis Keravnos met with the newly elected president of the Cyprus Chamber of Commerce and Industry (Keve), Stavros Stavrou, to address economic challenges amid geopolitical uncertainty. Discussions ...

Cyprus has emerged as the top-ranking European Union member state in providing cross-border investment services, according to George Theocharides, chairman of the Cyprus Securities and Exchange Commission (CySEC). The announcement ...

Finance Minister Makis Keravnos on Monday met with the newly elected president of the Cyprus Chamber of Commerce and Industry (Keve) Stavros Stavrou, to discuss the challenges facing the Cypriot ...

National flag carrier Cyprus Airways has announced that it is set to double its fleet of Airbus A220 aircraft in 2024, with the introduction of two new planes. This was highlighted ...

Cyprus-based digital studio TheSoul Publishing, which has received wide-spread recognition for its globally engaging and original content, on Monday announced that Aleksandra Sulimko, previously the Chief Human Resources Officer (CHRO), ...

Cyprus Stock Exchange (CSE) wrapped up 2023 on a high note, with listed securities exceeding €4 billion, according to the CSE’s figures published for December. The General Index reached 136,01 points, representing ...

Here are the top business stories in Cyprus from the week starting January 15: Contrary to expectations that accompanied the reduction in the consumption tax rates for motor fuels, fuel prices ...

According to data published on Friday by Eurostat, Cyprus experienced a 14 per cent decrease in potato prices in 2023. Similar trends were observed in Belgium (18 per cent decrease) and Austria (4 per ...

The Cyprus Chamber of Commerce (Keve) meeting and the government are looking at aligning strategies, on energy, natural gas, renewable energy sources and manufacturing. This was the subject of a ...

Cyprus Airways will target the Greek market in 2024 and the airline’s top brass were in Athens on Thursday to present plans to travel agents and journalists. The meeting inaugurated ...

The rate of inflation continued on a downward path in December, according to the Consumer Protection Service which monitors the prices of consumer products. Inflation in December was down to 1.6 ...

President of the Hoteliers Association (Pasyxe) Thanos Michaelides, expressed satisfaction with the current bookings for the new tourist season, noting interest from both small and large markets. Given the challenges ...

According to the annual data published by Eurostat, the EU exported 32.1 million tons of waste to third countries in 2022, marking a 3 per cent decrease from 2021. Concurrently, waste imports to the ...

The Cyprus Aviation Association that will be operating under the Cyprus Chamber of Commerce (Keve) was officially launched on January 15. The Association aims to enhance collaboration among members, promote unity, ...

According to the Cyprus Statistical Service (Cystat), the prices of construction materials show a small increase. The Construction Materials Price Index for 2023 recorded an increase of 2.91 per cent per compared ...

Cyprus is among the top European Union countries in car ownership, with 658 passenger cars per 1,000 inhabitants – an increase of 19.85 per cent over the past decade – according to the latest Eurostat ...

Cyprus Statistical Service (Cystat) reported a 20.1 per cent increase in total tourist arrivals for the year 2023 compared to the previous year, which marked the third-best year on record after 2018 and 2019. ...

Cyprus showed a decline in loan applications by both businesses and households, in the third quarter of 2023. This was influenced by strict Eurozone policies and rising interest rates, according to ...