Cyprus Business News

By Charles Ellinas Earlier in July, the EU published its ‘European Innovation Performance Scoreboard 2024’ and in June the IMF published its new ‘AI Preparedness Index Dashboard’. Both put Cyprus in ...

Nicosia and London-based Journey Mentor, a travel-tech SaaS company, has announced that it has been awarded a five-year IT contract by Total Air Services Ltd (TAS), a prominent provider of ...

Cyprus experienced an overall decline in the sales of petroleum products during June, which amounted to 127,395 tonnes, marking a 4.1 per cent decrease compared to June 2023, according to the latest figures ...

The Central Bank of Cyprus (CBC) on Friday announced that it has set the reference interest rate at 11.76 per cent. In a statement, the Central Bank of Cyprus said that, ...

Despite a challenging year, Cyprus managed to see an increase in both tourist arrivals and revenues in the first half of the year, Deputy Tourism Minister Kostas Koumis said, while ...

The first investments from the Cyprus Equity Fund, established by the Cypriot government in collaboration with the European Investment Fund (EIF), are expected to commence in the autumn, it emerged ...

The first investments from the Cyprus Equity Fund, established by the Cypriot government in collaboration with the European Investment Fund (EIF), are expected to commence in the autumn, it emerged ...

The Central Bank of Cyprus (CBC) on Thursday published its monetary and financial institutions (MFIs) report for June 2024, detailing deposits and loan statistics for the month under review. According to ...

Money management app Plum, which has offices in Nicosia, Athens and London, announced this week that it raised more than £16 million in its Series B round. Series B financing is ...

Loan disbursements from international financial institutions have reached €92.75 million so far in 2024, according to a statement released on Thursday by the Public Debt Management Office (PDMO). The office explained that ...

The Paphos Regional Tourism Board (Etap) this week introduced a new application that brings the myth of Aphrodite to life using audiovisual means, after it had previously identified a need ...

“We all need to be cautious when discussing our country’s tourism sector, which is vital to the daily lives of tens of thousands of our fellow citizens,” according to ...

Recent reports in the Daily Express about a supposed “panic” in Cyprus’ tourism industry due to a “huge drop” in bookings have been deemed outdated and sensationalist by local industry ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced important updates related to its anti-money laundering (AML) exams for certified persons. The exams are designed to confirm that individuals ...

The Bank of Cyprus has received two accolades recognising its corporate responsibility at the Boussias Cyprus Responsible Awards 2023, according to a statement released on Wednesday by the bank. Specifically, the ...

Recent reports in the Daily Express about a supposed “panic” in Cyprus’ tourism industry due to a “huge drop” in bookings have been deemed outdated and sensationalist by local industry ...

Pedalion Yachting, a luxury yachting company based in Cyprus, on Wednesday announced a new partnership with Italian boatmaker Comitti Yachts. According to the announcement, “this collaboration introduces the elegant and ...

The Cyprus Borrowers Association (Syprodat) this week said that it has initiated discussions with various political parties, aiming to explore the possibility of proposing a law to address the issue ...

Non-performing loans (NPLs) in the Cypriot banking sector remained virtually unchanged in May, totalling €1.77 billion compared to €1.80 billion the previous month, according to a report released this week by the ...

Despite numerous challenges, the Cyprus real estate market has shown resilience in the first half of 2024, with a notable increase in activity, according to the Cyprus Real Estate Agents Registration ...

The annual growth rate of Cyprus’ Composite Leading Economic Index (CCLEI) remained unchanged in June, according to a report released this week by the University of Cyprus’ Economics Research Centre (...

For the second consecutive month, the interest rate on short-term bonds issued by the Republic of Cyprus has declined, with increased demand compressing the offered yields. According to data released ...

The Cyprus Children’s and Young People’s Book Society, supported by Hellenic Bank, successfully wrapped up its innovative reading initiative titled ‘The Furry Book Club’. This year, both children ...

Limassol-based shipping company Intership Navigation on Tuesday announced the successful migration of its fleet, consisting of over 100 vessels and 3,000 seafarers, to Mintra’s Trainingportal Learning and Competency Management System. According ...