Cyprus Business News

The East Mediterranean Gas Forum (EMGF) this week announced that it has decided to approve the proposal of the Cypriot Presidency of the forum for the creation of a Scientific ...

Teams built amazing solutions for improving life in Cyprus and the AdTech industry A few months ago I saw board ads in downtown Limassol advertising an open hackathon by AdTech ...

Cypriot company Tototheo Maritime, a leading maritime technology integrator and provider, this week announced that its co-CEO Despina Panayiotou Theodosiou was included in Lloyd’s List of 100 People in Shipping, ...

Global ratings agency Fitch this week announced that it has upgraded the Bank of Cyprus’ Long-Term Issuer Default Rating (IDR) to ‘B+’ from ‘B-‘ and Viability Rating (VR) to ‘b+’ ...

The Council for Registration of Real Estate Agents on Tuesday said that an important measure will soon be implemented that will have a bearing on the Cypriot property market and ...

The Minister of Energy, Commerce and Industry Natasa Pilides on Tuesday departed for Cairo, where she will preside over the eighth ministerial meeting of the East Mediterranean Gas Forum (EMGF), ...

Deputy Minister of Tourism Savvas Perdios on Tuesday said that the future of Cypriot tourism is promising, despite a number of challenges, before expressing his desire that the upcoming presidential ...

Cyprus Airways on Tuesday announced that it is increasing its capacity over the Christmas period, offering more than 6,000 additional seats for travel to and from Cyprus. According to the announcement, ...

Unemployment in Cyprus increased in November both on a monthly and annual basis, according to a report released on Monday by the Cyprus Statistical Service (Cystat). According to the report, ...

Cyprus’ general government posted a surplus of €556.4 million for the period between January and October 2022, according to the preliminary financial results published this week by the Cyprus Statistical Service (Cystat). ...

Interest rates on deposits in Cyprus have experienced a slight increase, while interest rates for housing and consumer loans have decreased, according to a report published on Friday by the ...

Inflation in Cyprus rose to 8.7 per cent in November 2022, according to a report released on Friday by the Cyprus Statistical Service (Cystat). Meanwhile, the Consumer Price Index rose by 0.54 points ...

Finance Minister Constantinos Petrides on Friday addressed the House plenum during his presentation of the government’s economic policy for the coming year, saying that the current administration is submitting ...

Wargaming Group Limited on Friday announced that on November 30 2022, it reached an agreement to sell a holding of 13.41 per cent (55,337,721 shares) in Hellenic Bank Public Company Limited (“Hellenic Bank”) to ...

National investment agency Invest Cyprus held its annual general meeting on Wednesday, with Finance Minister Constantinos Petrides in attendance, cementing the positive relationship between the government and the organisation. The ...

Cyprus recorded a GDP growth rate of 5.5 per cent in real terms during the third quarter of 2022, compared to the corresponding quarter of 2021, according to a report released on Thursday ...

The Association for the Protection of Borrowers (Syprodat) this week met with the Cyprus Chamber of Commerce and Industry (Keve) in order to discuss a range of issues, including the ...

Eurobank on Thursday said that it has increased its stake in Hellenic Bank to 26 per cent, having now made an agreement for the acquisition of a 13.4 per cent share that ...

The Producer Price Index in Industry in Cyprus for the month of October 2022 reached 141.9 points (base 2015=100), marking an increase of 0.2 per cent compared to September 2022, according to a report released ...

Hellenic Bank on Wednesday released its financial results for the first nine months of 2022, posting a profit of €76.4 million, compared to a profit of €21 million in the corresponding period of 2021, ...

National investment agency Invest Cyprus on Tuesday released a statement welcoming yet another international production that chose to shoot in Cyprus. “Earlier this week, it was revealed that a four-part ...

The Ministry of Energy, Commerce and Industry on Tuesday said that over the last two years its grant schemes have exceeded €330 million in total funding. Of this amount, €171 million were ...

Huawei Cyprus on Tuesday announced that the European tour of the Huawei 5G Roadshow 2022 will also include Cyprus, with this year’s event being centred around how 5G networks can ...

Cyprus has a new growth model that can adapt to changing conditions, Finance Minister Constantinos Petrides said on Monday evening, speaking at an event organised by the Cyprus-American Chamber of ...