Cyprus Business News

The domestic bonds issued by the Republic of Cyprus started 2023 with an increase, reflecting ongoing high inflation and the upward trend of key interest rates that is currently prevailing across ...

The company’s decision has given a vote of confidence to Cyprus’ efforts to establish itself as a European tech hub National investment agency Invest Cyprus on Wednesday released a ...

The third Reach Incubator open call is now open for applications and looking for companies and startups who work with Big Data. Startups and SMEs from Cyprus and other European ...

Cyprus Seeds celebrated 5 years of scientific innovation and showcased their important non-profit work Cyprus Seeds and Eurobank Cyprus celebrated the completion of five years of continuous support, aimed at strengthening ...

Younger employees don’t ascribe to traditional job descriptions, want more flexibility, and want organisations to match their own values. Deloitte Cyprus consulting services leader George Pantelides on Tuesday highlighted ...

Shipping Deputy Minister Vassilios Demetriades this week welcomed the decision by cruise line Royal Caribbean to open an office for their group in Cyprus, saying that this decision is proof ...

The Cyprus Fiscal Council on Tuesday said that decisions in the vein of the foreclosure suspension ultimately exclude the most financially vulnerable social groups from being able to get a ...

The economy will slow down in 2023 as interest rate hikes in tandem with high prices suppress consumer demand, the University of Cyprus’ Economics Research Centre has forecast. In its latest ‘...

The Cyprus Mail talked to Orestis Aristides, the director of Drakos DMC, about the company’s focus on golf on the island and how that sector is expected to grow ...

The Council for Registration of Real Estate Agents on Friday announced that it successfully held its new year event, in which it recapped the events of 2022, and set the tone ...

By Charles Ellinas With no end in sight for the Russia-Ukraine war, global energy markets will continue to be unstable, making 2023 another difficult year for global energy. On top of ...

Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Friday stressed the need to maintain fiscal space in the midst of increased risks due to the war in Ukraine, something ...

The Research and Innovation Foundation (Idek) on Friday announced that it will be allocating €10 million to innovative businesses as part of its DISRUPT programme, with the ultimate aim being to ...

The total number of trips by Cypriot residents abroad increased by 129.4 per cent in December 2022, compared to December 2021, mirroring the broader trend in international air travel, which continues to recover. ...

Construction material prices in Cyprus reached a historically high level in 2022, surpassing the previous record recorded in 2021, according to a report released this week by the Cyprus Statistical Service (Cystat). ...

Qatar Airways and Hermes Airports this week announced that the two parties came together to celebrate the airline’s 25th anniversary, along with what was deemed to have been a ...

Cypriot banks enter the cycle of uncertainty created by the war in Ukraine in a strong position, Andrea Enria, President of the ECB’s Supervisory Council told CNA, calling however ...

The Covid-19 pandemic exposed the weaknesses of more analogue businesses Digitisation is crucial in increasing productivity across all sectors of the Cypriot economy, according to a labour study published on ...

The harmonised index of consumer prices in Cyprus rose to 8.1 per cent in 2022, compared to 2021, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). In addition, ...

Tourist arrivals to Cyprus reached 3,201,080 people in 2022, compared to 1,936,931 in 2021, according to a report released on Tuesday by the Cyprus Statistical Service (Cystat). Despite the uptick over the year before, ...

The majority of chief executive officers believe that global economic growth will decline over the coming year, with 73 per cent of participants contributing to the most pessimistic outlook in more ...

The Bank of Sydney this week announced that its long-serving CEO, Miltos Michaelas, will be departing the bank at the end of June 2023 to return to Cyprus after over 6 years ...

The Cyprus Economy and Competitiveness Council on Monday said that Cypriot businesses can become better equipped to offer more value to their customers by exploring the possibility of mergers and ...

The Council for Registration of Real Estate Agents on Monday released a statement saying that the total value of all real estate sold in Cyprus in 2022 reached approximately €6 billion. “Amidst ...