Cyprus Business News

My Mall Limassol, Cyprus’ third-largest shopping centre, will see Israeli involvement in its ownership structure, with 46 per cent of its shares due to be sold to two Israeli companies. This ...

The European Commission’s Autumn 2021 Economic Forecast which was presented on Thursday shows positive prospects for Cyprus, including an increase in GDP by 5.4 per cent for 2021 as a whole, while ...

The Cyprus University of Technology (Tepak) has signed an agreement for the opening of a satellite school in Paphos. Specifically, the university will run a tourism, hospitality and entrepreneurship school ...

The LNG import terminal project would be transformational for Cyprus said Symeon Kassianides, the chairman of the Natural Gas Public Company (DEFA), said on Thursday at the Eastern Mediterranean Energy ...

A Nicosia restaurant announced it will be accepting payments with cryptocurrencies, the first such business to introduce this, it said on Thursday. Think 30, located on Stasikratous Street in Nicosia, citing ...

Cyprus must move quickly to implement the projects necessary to meet the objectives mandated by the EU’s Green Deal and simultaneously lower electricity prices, Energy Minister Natasa Pilides said ...

Cyprus’ trade deficit recorded an annual increase of €715.1 million during the first nine months of 2021 according to the Cyprus Statistical Service (Cystat). Based on Cystat’s report, the trade deficit ...

Businesses in Cyprus are more reserved about their prospects for the coming year than their European counterparts, according to research published on Tuesday by the Cyprus Chamber of Commerce and ...

Hellenic Bank reiterated its support towards businesses operating in the energy industry, with particular emphasis given to organisations involved with the production of renewable energy. “Last year, we supported Renewable ...

Kyndryl, a managed infrastructure services company, completed its separation from American technology giant IBM on November 3, beginning trading on the New York Stock Exchange the day after. “We are thrilled ...

The Cyprus Union of Bank Employees (ETYK) has renewed its collective agreement with card payments and processing company JCC until 2022. The trade union explained that since the Bank of Cyprus ...

By Lanting Liu Cyprus is taking part in the fourth China International Import Expo (CIIE), which opened in Shanghai on Friday, in the virtual country exhibition. It is the first ...

Bars, cafés and restaurants that cater primarily to tourists are running at about 50 per cent capacity, and despite a decrease there are calls for them to remain open, they ...

Finance Minister Constantinos Petrides travelled to Brussels on Sunday to take part in the Eurogroup meeting which will convene on Monday, November 8. Finance Ministers will discuss the macroeconomic outlook in ...

Incentives to companies to come to Cyprus and those already here to expand By Fabian Cabeza, Theodora Alexandrou, Maria Aristidou Cyprus is a long-established international business centre and through various ...

by Maria Demertzis By far the biggest innovation in the recent monetary policy strategy review of the European Central Bank (ECB) is the emphasis that it puts on climate change ...

President Nicos Anastasiades on Friday outlined the government’s Action Plan, aimed at establishing Cyprus as “a prosperous, reliable and competitive business hub.” “We are keen on providing the conditions ...

Taking place over November 10-12 at the Cyprus International Fair in Nicosia, the Eastern Mediterranean Energy Conference and Exhibition (EMC) will focus on a wide range of crucial issues related ...

Cyprus Deputy Minister of Shipping Vasilis Demetriades travelled to Glasgow on Friday to take part in the shipping industry’s official COP 26 sideline event, entitled ‘Shaping the Future of Shipping’, ...

The next natural gas exploration round as well as the hydrocarbon quantities located will determine the speed and the exploitation of the hydrocarbon reserves in Cyprus’ Exclusive Economic Zone (EEZ), ...

Most businesses said they saw a rise in prices of up to 30 per cent in the past six months, according to the results of a survey published on Friday. The ...

Royal Caribbean International is expected to continue using Limassol as a home port for some of its cruises in 2022, port management company DP World Limassol said on Thursday. DP World ...

Electricity prices in Cyprus are at an all-time high impacting industry and business. Cyprus Employers and Industries Federation (OEB) has been grappling with the challenges these pose. George Petrou, former ...

The Ministry of Finance said that the recently released data on unemployment ‘confirms that the Cypriot economy has entered a growth phase’. The total number of unemployed people fell sharply ...