Cyprus Business News

Limassol Chamber of Commerce and Industry (Evel) president Andreas Tsouloftas on Thursday expressed optimism about Limassol’s prospects, despite the challenges posed by high inflation and the war in Ukraine. ...

Alphamega Hypermarkets CEO George Theodotou earlier this week told attendees at the Cyprus Grocery Retail conference that the sector is currently facing unprecedented challenges. The executive explained that soaring inflation, ...

Cypriot company Tototheo Maritime, a leading maritime technology integrator and provider, announced on Thursday recently inaugurated its new office in Bremen, Germany. Headquartered in Cyprus, Tototheo Maritime has been offering ...

The Cyprus Fiscal Council recommends particular caution in public finances due to increased risks, which may persist over time, expressing the view that support measures should be focused on small ...

Cyprus ranks 40th in terms of competitiveness, moving down seven places compared to 2021, a report showed on Wednesday. The decline in the ranking is mainly due to a significant deterioration ...

Minister of Energy, Commerce and Industry Natasa Pilides on Wednesday said that Cyprus is in favour of exploiting regional gas reserves in a sensible, effective and legal way. “As we ...

The Cyprus Statistical Service (Cystat) on Wednesday reported that there was an increase in job vacancies during the first quarter of 2022 when compared to the corresponding period of 2021. According to ...

The Cyprus Composite Leading Economic Index (CCLEI) turned negative in May, following annual increases in the previous months, reflecting the uncertainty driven by the war in Ukraine. The CCLI compiled ...

By Yiannis Seitanidis Hellenic Bank CEO Oliver Gatzke said he expected there would be some time between the ECB’s rate hike in July and an increase of lending rates ...

Transport Minister Yiannis Karousos on Tuesday told attendees at the Flight Safety Foundation conference that Cyprus’ first quarter international arrivals almost reached 80 per cent of those in 2019. The conference examined ...

Limassol port management company DP World Limassol on Tuesday said that its aim is to re-establish Cyprus as a key cruise hub in the Eastern Mediterranean. Speaking at the 2nd ...

Cyprus has moved to deepen its business and research ties with Saudi Arabia through the visit of an official delegation to the Kingdom between June 5 and June 8. The delegation involved ...

Economic uncertainty amid the Ukraine war and the European Central Bank rate hikes announcement are pushing Cyprus bond yields upwards in the wider context of sovereign bond sell-off in secondary ...

The Chartered Financial Analyst (CFA) Institute, a global association of investment professionals, on Friday awarded the prize of Most Outstanding Society Award 2022 to CFA Society Cyprus. CFA Society Cyprus was ...

The Paphos tourism board (Etap) on Friday announced that Ryanair will fly to 32 international destinations from Paphos airport during its 2022-2023 winter schedule, with 90 flights every week during this time. ...

The growth rate for 2022 is expected to be 2.7 per cent, while inflation will rise to 7 per cent, according to the revised June forecasts, published by the Cyprus Central Bank on ...

Construction companies and other industry stakeholders continue to be faced with the persisting challenges posed by rising domestic inflation, as well as the adverse effects of global supply chain disruption ...

Cyprus’ trade deficit increased by 22.79 per cent year-on-year in the period January-April 2022, according to preliminary data published on Thursday by the Cyprus Statistical Service (Cystat). The deficit amounted to €2.24 billion, ...

Approximately half of young Cypriots purchase fake products or access pirated digital content, according to a report by the European Union Intellectual Property Office (EUIPO) released on Wednesday. The 2022 edition ...

Quant Insight (Qi), a Limassol-based quantitative financial market analytics and trading insights provider, on Wednesday announced that it has entered into a collaborative initiative with Goldman Sachs. The collaboration will ...

Total employment for the first quarter of 2022 increased by 1.9 per cent when compared to the corresponding quarter of 2021, according to a preliminary estimate by the Cyprus Statistical Service (Cystat) released ...

Liquid fuel prices in Cyprus increased by 33.63 per cent between January to May 2022, according to data by the Cyprus Statistical Service (Cystat) and subsequently processed by the Cyprus Consumers Association. ...

By Yiannis Seitanidis The sixth package of sanctions against Russia, which came into force on Friday afternoon with the publication of the relevant legal acts in the Official Journal of ...

By Yiannis Seitanidis The deal between Greece and Saudi Arabia agreed earlier this week to launch a joint venture to lay fibre optic data cable that will link Europe with ...