Cyprus Business News

The Paphos branch of the association of hospitality venues (Sikap) on Wednesday announced that venue capacity in Polis Chrysochous reached 60 per cent during April. Ntinos Paraskeva, one of the association’...

The Cyprus Institute of Certified Management Consultants (Sesek) on Wednesday announced that it has entered into a partnership agreement with Cyprus International Institute of Management (CIIM). The partnership entails Sesek ...

The hotel occupancy rate in the Paphos district during the Catholic and Orthodox Easter period stood at 60 per cent, according to the president of the Paphos hoteliers association (Pasyxe) Thanos ...

Cyprus’ trade deficit in January of this year amounted to €523.6 million, compared to €434.3 million in the corresponding month of 2021, according to data released on Tuesday by the Cyprus Statistical Office (...

By George Pirishis A significant stagnation in terms of attracting investors for large-scale developments has been observed in the Cypriot real estate market. This slowing down of that particular segment ...

By Yiannis Seitanides Cypriot consumers have reacted, as one would expect, to the increased inflationary pressures of recent months by reducing the volume of their purchases at supermarkets and becoming ...

In April 2022, economic sentiment in Cyprus improved as the Economic Sentiment Indicator (ESI-CypERC) increased by 2.8 points compared with March 2022, as shown by data published by the Economics Research Centre of ...

By Yiannis Seitanides The revision of GDP figures at current prices for 2021, brought Cyprus’ GDP to an all-time high of €23.43 billion during the previous year. Moreover, during this time, the ...

Deputy Minister for Research, Innovation and Digital Policy Kyriacos Kokkinos on Thursday met with the Paphos Chamber of Commerce and Industry to discuss a number of issues, including digitisation, entrepreneurship, ...

Hellenic Bank on Thursday posted its financial results for the previous year, showing a loss of €11.7 million for 2021. This primarily reflects impairment losses related to the completion of Project Starlight, ...

Association for the Protection of Borrowers (Syprodat) director Tzeni Papacharalambous on Wednesday met with Hellenic Bank head of retail banking Andreas Assiotis, discussing a range of issues. Points of discussion ...

Property sales in Cyprus reached €1.3 billion during the first quarter of 2022, according to a report by the land registry released on Tuesday. “The land registry data reflects the dynamic momentum ...

KPMG Cyprus on Tuesday announced that it has entered into a strategic partnership with AI specialists EBO. EBO is one of the leading companies in the field of customer engagement ...

Cyprus’ revenues from ship management rose to €516 million during the second half of 2021, corresponding to 4.2 per cent of Cyprus’ GDP in terms of turnover, according to the Central Bank of ...

6 in 10 businesses said that they will partially pass on increased costs to consumers Cypriot businesses are expecting their turnover to suffer from the adverse effects of the war in Ukraine ...

The demand for apartments and houses for rent in Chloraka has increased this year, primarily among Germans and Northern Europeans, Chloraka mayor Nikolas Liasides said on Friday. In statements made ...

The Cypriot economy continues to show signs of growth, improving its performance over the previous year, but external factors are contributing to a loss of momentum, according to a report ...

The prospects of business and trade cooperation between Cambodia and the Larnaca Chamber of Commerce and Industry were discussed at a meeting between the two on Thursday. “The meeting took ...

The Cyprus property market prices recovered during the fourth quarter of the previous year, boosted by high local demand, according to the Central Bank of Cyprus’ residential property price index ...

An estimated 3.6 million unemployed people in the European Union found employment in the fourth quarter of 2021, according to data released on Wednesday by Eurostat, the EU’s statistical service. This ...

Association of Large Developments president and Cyprus Chamber of Commerce (Keve) vice president Andreas Demetriades on Tuesday asked that the government quickly proceeds with the launch of an international tender ...

By Kyriacos Nicolaou and Elias Hazou Inflation is probably here to stay, Finance Minister Constantinos Petrides said on Tuesday, voicing doubts about the planned transition to ‘green energy’. He made ...

By Kiki Kallis The Great Resignation phenomenon is one of the biggest employment challenges of our time. Thousands of workers around the world have left their jobs in pursuit of ...

By Yiannis Seitanides The new sanctions against Russia, which were decided by the European Union member states and came into force on Saturday with their publication in the Official Journal ...