Cyprus Business News

The Cyprus University of Technology (Tepak) announced on Friday that it has managed to achieve significant savings in the total amount of property rents it pays to house its schools ...

A well-planned internal audit is a crucial tool in the fight against corruption and fraud, two things that often appear in tandem and must, Finance Minister Constantinos Petrides said on ...

The CEO of DP World Limassol, Nawaf Abdulla, took part in a panel discussion as part of DP World Group’s CARGOES Digital Trade Flow event, held on the side-lines ...

Deputy Managing Director of China Petroleum Pipeline Engineering Duan Bingquan pledged his determination to bring natural gas to Cyprus which is scheduled to be delivered at the end of June 2023. ...

Economic activity started recovering from the sharp recession as of the first half of 2021, driven mainly by domestic demand, although tourism activity still remains well below the pre-pandemic level, the ...

Efforts to bridge the gap between businesses and the academic community have been successful, the Cyprus University of Technology (Tepak) said on Wednesday. According to university data, a total of 88 ...

The Minister of Agriculture Costas Kadis said that the Department for the Environment is applying great efforts to inform all stakeholders about the LIFE programme in order to maximise Cyprus’ ...

“The protection of worker rights, through the actions of the Ministry of Labour and Social Insurance, has always been the government’s priority,” President Nicos Anastasiades said on Monday in ...

Port workers at the Eurogate Container Terminal Limassol and DP World Limassol participated in a one-hour work stoppage on Tuesday, November 23. According to a press release by the two participating ...

Bank of Cyprus has appealed a central bank fine in the administrative court. The appeal was announced by the central bank which said that BoC was appealing the €277,000 fine imposed ...

The prospects for the further strengthening and utilisation of the trade relations between Cyprus and Greece were showcased at the ‘Doing Business in Cyprus – COVID 19 Challenges and Opportunities’ online seminar. ...

The Cyprus Integrity Forum (CIF), an independent, non-profit and non-governmental organisation, signed on November 15 a memorandum of understanding with fellow non-profit organisation Oxygono. The CIF, which was launched in 2010 and ...

The University of Cyprus’ Department of Computer Science is coordinating a virtual reality (VR) project, with the aim of training a future generation of innovators and researchers in the field ...

Tourist arrivals reached 391,638 in October 2021, reflecting an increase of 288.6 per cent year-on-year, according to data released by the Cyprus Statistical Service (Cystat) on Friday. Tourist arrivals in October of the ...

Rating Agency Standard and Poor’s revised Bank of Cyprus’, the country’s largest lender outlook to positive from stable, following a new NPL transaction titled “Helix 3” which would reduce ...

Inflation in Cyprus reached 4.4 per cent during October of this year, according to the European statistical service (Eurostat). Cyprus’ inflation figure is slightly above the European Union average of 4.1 per ...

Cyprus’ economy is recovering at a swifter rate than previously thought, with real GDP on track to reach pre-pandemic levels by the fourth quarter of this year, credit ratings agency ...

By Nicos Panteli Supervisory authorities constantly remind banks that they need to drastically cut costs Without a doubt the Covid-19 pandemic has left its mark on all aspects of public ...

The Cypriot IT services market exceeded €100 million in total value this decade, reaching €113.16 million in value during the previous year, a rise of 12.8 per cent since 2018, according to a report ...

The Cyprus Ministry of Finance said on Wednesday the economy’s performance during the third quarter of 2021 reaffirm the resilience of the economy and bode well for the final quarter ...

Cyprus Deputy Minister for Tourism Savvas Perdios said that the current level of tourist arrivals has been deemed satisfactory. Tourist arrivals between January and October of this year amount to 45 ...

The digitisation of banking services is ‘not an option, but an urgent need’, the Hellenic Bank CEO Oliver Gatzke said on Monday at The Economist’s annual Cyprus Summit in ...

The cabinet has decided to increase the government subsidy for the ferry connection between Cyprus and Greece by €500,000 due to the rise in fuel prices. The increase brings the total ...

The Bank of Cyprus announced on Monday that it had successfully completed the sale of a non-performing loans (NPLs) portfolio with a gross book value of €577 million, bringing its NPL ...