Cyprus Business News

The City of Dreams Mediterranean has been honoured with the title of the world’s best new luxury resort-casino at the Seven Stars Luxury Hospitality and Lifestyle Awards 2023 (SSLHLA). In ...

The President of the European Investment Bank, Werner Hoyer, is set to make an official visit to Cyprus on Monday. Hoyer will be joined on the island by the newly ...

After two consecutive months of inflationary increases, October has brought signs of moderation in Cyprus’ inflation rate, according to the latest report by the Cyprus Statistical Service (Cystat). According to ...

The Cypriot government has reported a surplus of €931.6 million for the period spanning January to September 2023, according to a preliminary estimate released this week by the state’s statistical service. ...

Hellenic Bank on Wednesday released a statement underlining that it is spearheading the green transition with innovative, specialised products, something which was further stressed during a recent energy conference. The 11...

At a time when the cruise tourism industry is showing amazing prospects around the world, the crisis that has erupted in neighbouring Israel is creating new factors, which may negatively ...

Amid the war in the Middle East, high energy prices, persistent inflation, and high interest rates, the country is facing serious challenges, all of which have contributed to increased economic ...

Despite the accumulated challenges it faces, the real estate sector in Cyprus continued to display its resilience during the third quarter of 2023, the Real Estate Agents Registration Council said on ...

HELLENiQ ENERGY, formerly known as Hellenic Petroleum, on Tuesday announced the acquisition of six solar parks in Cyprus with a total capacity of 26 MW. According to the announcement, this strategic ...

Cyprus has been selected to host the International Conference and General Assembly of the Women’s International Shipping and Trading Association (WISTA International) in 2024, with the event set to take ...

The president of the Paphos Chamber of Commerce and Industry (Evep) George Mais this week emphasised the necessity of accelerating actions and efforts related to the digital transformation and other ...

Long-term conflict in the Middle East could delay projects for the development of natural gas fields, experts said on Tuesday as others postulated that in the three to four years ...

The government is working towards making Cyprus energy independent, Energy Minister George Papanastasiou said on Tuesday. “The autonomy of a state is not only related with its finds and its ...

Household debt in Cyprus has fallen to 69 per cent of the Gross Domestic Product (GDP), according to a report released on Tuesday by the Central Bank of Cyprus (CBC), for ...

The European Central Bank (ECB) kept interest rates unchanged last week, breaking a remarkable trend of ten successive rate hikes. The ECB remained resolute in its stance that the increasing ...

The Cyprus Economic Sentiment Index (ESI) saw a minor decline in October, primarily influenced by the weakening business climate in the services sector, according to a report by the University ...

President of the Paphos Chamber of Commerce (Evep) George Mais has called upon the government to boost entrepreneurship in the district, highlighting the challenges faced by the business community in ...

Cyprus’ Industrial Production Index continued to experience an upward trajectory, increasing by 3 per cent in August 2023, reaching 121.8 points, with 2015 being set as the base year, compared to August 2022, according to ...

Deputy Minister of Shipping Marina Hadjimanoli is traveling to Athens on Monday to participate in the 8th tripartite ministerial meeting of Greece, Cyprus and Malta on shipping issues to be ...

Here are the top business stories in Cyprus from the week starting October 23: Cyprus witnessed a significant increase in its government debt-to-GDP ratio at the end of the second quarter ...

Despite numerous challenges stemming primarily from rising loan interest rates, persistent inflation, the repercussions of the war in Ukraine, and the ongoing shockwaves of the coronavirus pandemic, the Cyprus real ...

Cyprus is a treasure trove of historic buildings and cultural landmarks, many of which have been designated as listed properties. These historical gems offer not only a glimpse into the ...

Athens-based cruise line Celestyal Cruises this week showcased its largest fleet addition, the Celestyal Journey, at Limassol port. The vessel is part of the cruise routes initiated last September and ...

The Central Bank of Cyprus (CBC) on Friday announced that it has set the reference interest rate for the October-December 2023 quarter at 11.52 per cent. This decision comes in accordance with ...