Cyprus Business News

Cyprus’ retail turnover recorded a significant increase on an annual basis in October, according to data released by the Cyprus Statistical Service (Cystat) on Monday. The Retail Trade Turnover Value ...

Fusion Reactors CEO Christos Stavrou is unequivocal when he speaks about the potential value of fusion technology, both in terms of its use to the world, but also to Cyprus. “...

Property sales in Paphos district exceeded €2.5 billion in value over the past five years, a report from independent real estate asset management and advisory firm WiRE has revealed. The lion’...

The Cyprus Employers & Industrialists Federation (Oeb) president Antonis Antoniou said during his end-year address that the unpredictability of the past two years has hurt both private businesses and the ...

The current account balance of Cyprus and its international investment position improved in the third quarter of 2021, according to provisional data released by the Statistics Department of the Central Bank ...

Consulco, the investment manager with offices in London, Dubai, Moscow and Nicosia, has established its newest office in Limassol. The office is centrally located at 18 Evagora Papachristoforou Street, parallel to ...

The property market in Cyprus continued its recovery this year, with some indicators approaching pre-pandemic levels, according to a report released on Wednesday by real estate analysts Delfi Analytics. “2021 was ...

Eurobank announced this week the acquisition of an additional 2.7 per cent stake in Hellenic Bank, raising its total share in the Cypriot bank to 12.6 per cent. Eurobank acquired approximately 11.19 million ...

The Ministry of Finance on Wednesday responded to the criticism of the last few days about the increase in bank charges and calls for its intervention, making it clear that ...

Chamber of Commerce and Industry president Christodoulos Angastiniotis said on Tuesday that the pandemic continues to be a source of uncertainty in regards to how the Cypriot economy is expected ...

The decision of Cypriot commercial banks to impose new charges on clients has sparked a fierce reaction from customers, trade unions, some political parties and interest groups. In the case ...

Loan restructurings in the Cypriot banking system edged close to €2 billion in the first ten months of 2021, marking the highest figure according to Central Bank of Cyprus (CBC) records which ...

The European Union and the Executive Vice-President for an Economy that Works for People Valdis Dombrovskis launched an initiative this week to further restrict tax evasion through the use of ...

Cyprus has seen a 67 per cent increase in full-time researchers during the previous decade, according to a report released earlier this month by Eurostat, the statistical service of the European ...

The percentage of people who made online purchases showed a significant increase, which reached 48 per cent in the first quarter of 2021 compared to 34.1 per cent in the corresponding period last ...

By Andreas Charalambous and Omiros Pissarides The experience with the pandemic has brought to the surface the age-old issue of the role of the central government and its importance towards ...

The Human Resource Development Authority of Cyprus (Anad) announced on Thursday that it has allocated a budget of €23.3 million for a raft of training programmes, applicable to both employed and ...

Fitch Ratings announced earlier this month that it has affirmed insurance company CNP Assurances’ financial strength rating at A+ and its outlook to stable. International French group CNP Assurances is ...

Cyprus announced on Thursday its commitment to contribute €5.77 mln as a donor country, in the context of the remote meetings held on 14 and 15 December for the $93 billion replenishment package of ...

Cypriot biotech company Embio Diagnostics announced this week that it has successfully raised €1m in seed funding from multinational group Asbis, with the investment aimed at accelerating the company’s ...

The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, welcomed on Tuesday the recent signing of the Agreement on the Avoidance of Double Taxation and the Prevention of Tax ...

The burning issue of inflation was the subject of an online event held last Wednesday by the Cyprus Association of Economists (EOK) titled ‘Price Rises: Inflation Principle or Something Else?’. ...

Tourist arrivals reached 148,973 in November of this year, a massive jump over the 8,952 during the same month in 2020, but still down on the 169,392 tourist arrivals in November of 2019. For the ...

The Cyprus Investment Funds Association (CIFA) announced on Monday that the investment fund sector enjoyed significant growth during 2021, with the total amount of Assets under Management (AuM) increasing by 48.7 per ...