Cyprus Business News

By Melina Moleskis What is behavioural economics in a nutshell? Behavioural economics is about observing and understanding human decisions up close without prior assumptions. Its aim is to make people’...

Cypriot transport and logistics company and authorised service contractor of UPS in Cyprus GAP Vassilopoulos Group announced on Monday that all UPS flights will now be carried out on a ...

Cyprus ranks first in Europe among countries that secured funding for the creation of Research Centres of Excellence, while it has recorded one of the largest absorptions of projects from ...

The Cyprus Composite Leading Economic Index (CCLEI) recorded a year-over-year increase of 14.0 per cent in November 2021, reaching a level of 112.7, after year-over-year increases of 13.9 per cent in October and 13.4 per ...

European University Cyprus has linked up with US technology giant Microsoft to launch a new programme for start-up businesses. Titled Microsoft for Start-ups Cyprus Program, the programme will assist 10 strictly ...

Property sales across four major Nicosia municipalities exceeded €3.3 billion in value over the past five years, a report from independent real estate asset management and advisory firm WiRE has shown. ...

The Bank of Cyprus announced on Friday that it has concluded its small-scale, targeted, voluntary staff exit plan. Following the completion of the plan, 100 applicants received approval to leave at ...

The Association of Cyprus Banks on Thursday took part in an online seminar examining the progress achieved in the Cypriot banking system, as well as the efforts to combat money ...

Credit rating agency Fitch Ratings reported on Wednesday that it has revised Hellenic Bank’s outlook to positive from negative, while also affirming the bank’s Long-Term Issuer Default Rating (...

American credit rating agency Fitch Ratings announced on Wednesday that it has revised the Bank of Cyprus’ outlook to positive from negative, while at the same time affirming the bank’...

The number of job vacancies suffered a 3 per cent decrease during the third quarter of the year, according to the Cyprus Statistical Service (CyStat), with the number of job vacancies ...

The total value of Assets under Management (AuM) of Collective Investments reached €11.6 billion in the third quarter of 2021, according to a report released on Wednesday by the Cyprus Securities and ...

As is the case with the global and European economies, the course of the Cypriot economy continues to greatly depend on the pandemic but despite being characterised by uncertainty, the ...

Point of sales (POS) terminals have seen a 15 per cent rise in Cyprus between 2018 and 2020, according to a survey of 14 countries in central and eastern Europe conducted by technology company ...

International healthcare and diagnostic services company Medicover has acquired a controlling stake in Cypriot biotechnology NIPD Genetics, according to a statement released by the two companies earlier this month. “This ...

Cyprus telecommunications company Cablenet has renewed its broadcasting and sponsorship agreement with Nicosia club Apoel, a statement announced on Tuesday. “Apoel is pleased to announce the start of a sponsorship ...

Minister of Finance Constantinos Petrides earlier this week led a group of Cypriot representatives on a trip to Dubai, aiming to promote Cyprus as an investment and business centre to ...

A report by the Parliamentary Committee of Financial and Budgetary Affairs on the State Budget for 2022 ahead of the plenary debate and vote this week, stresses the significant uncertainties affecting ...

Central Bank of Cyprus governor Constantinos Herodotou said on Monday that he is seeking ways to expedite banks’ client digital onboarding and reviewing processes, with Cypriot banks participating in this ...

The Cyprus University of Technology said on Thursday it had participated in the Huawei Road Show event. The event, which took place for the first time in Cyprus earlier this ...

The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, announced on Friday that it has signed a memorandum of understanding with its Indian counterpart Invest India. The memorandum was ...

RCB Bank CEO Kirill Zimarin earlier this week presented the bank’s new Nicosia Banking Centre, in conjunction with his thoughts on the banking sector, explaining that the relationship between ...

By Maria Demertzis The discovery of the latest Omicron variant of COVID-19 sent stock markets into a freefall on Black Friday. However, markets recovered on Monday and have since shrugged ...

Banks need to rethink their business model to be able to better compete with financial technology (fintech) companies, Central Bank of Cyprus governor Constantinos Herodotou said at the Banking Forum ...