Cyprus Business News

Finance Minister Makis Keravnos delivered on Wednesday the state budget for 2024 with a promise of cost-of-living relief measures by the end of the month – and a look ahead to next ...

Cyprus witnessed a notable increase in house prices during the second quarter of 2023, with the House Price Index (HPI) rising by 3.2 per cent during this time, compared to the same ...

Cyprus has witnessed a decrease of €83 million in non-performing loans (NPLs) in the local banking system at the end of June, dropping from €2.19 billion to €2.11 billion, compared to the previous ...

The retail industry in Cyprus experienced significant growth in August 2023, with the Retail Trade Turnover Index showing a remarkable increase of 10.1 per cent, compared to the same month in the ...

Two Cypriot banks, the Bank of Cyprus and the Hellenic Bank, had their credit ratings upgraded by investment service Moody’s on Monday. Both had their long-term deposit ratings increased ...

Cyprus tourism has experienced a remarkable surge in revenue, with an impressive 26.9 per cent increase during the period of January to July 2023, compared to the same period in 2022. These findings ...

Praxis Tech, a leading payment orchestration software company based in Cyprus, this week announced the signing of a partnership agreement with Choise.com, a fast-growing crypto ecosystem comprising a digital ...

As Maritime Cyprus 2023 opens on October 8, the international shipping community emerges from the pandemic after a rollercoaster ride through the mother of all crises John Ioannou, HR and Crew Management ...

The Cyprus Real Estate Registration Council announced that with continuous member education as one of its top priorities, and aiming to provide the best possible training, it successfully organised another ...

In nominal terms, earnings in Cyprus went up by an average of 7 per cent on an annual basis, according to data just released by the Statistical Service. Average gross monthly ...

It gives me great pleasure to address this special issue of Cyprus 4.0 dedicated to highlighting Cyprus’s shipping sector, says Marina Hadjimanolis “Shipping is a business sector for which we ...

The Cyprus Securities and Exchange Commission (CySEC) on Monday released a statement announcing its active participation in World Investor Week 2023 (WIW2023), a global initiative that unites regulators from more than 100 ...

Aivitam Ventures, together with Forbes Cyprus, has announced the launch of the Forbes Cyprus 20 Women in Tech Awards for female entrepreneurs and employees in the tech sector who have made ...

Soula, a Cyprus-based innovative company behind the world’s first safe and empathic AI in maternity, recently announced that it managed to emerge victorious at the prestigious ReflectX Startup Competition, ...

Relive the mesmerising moment when 200 drones illuminated the sky above Limassol during this year’s Reflect Festival’s grand opening. Reflect Festival, in partnership with PwC Cyprus Experience Centre, showcased ...

Cyprus’ shipping industry has a prominent role as a leading global shipping and ship management centre Our fourth issue of Cyprus 4.0 for 2023, centres on Cyprus’ shipping industry and the islands ...

Worries also raised about ecosystem near the private facility that would create electricity from natural gas Construction at the first private power station in Cyprus has come to a halt, ...

Here are the top business stories in Cyprus from the week starting September 25: National flag carrier Cyprus Airways on Thursday announced a strong performance for the month of August 2023, reporting ...

Cyprus meets all the necessary requirements to become a global business and investment hub, according to the Cyprus Association of Major Developments , which represents 15 members overseeing some of the largest ...

Innovation in the tourism sector and strategies for promoting tourism in the digital age and digital marketing took centre stage in discussions at a workshop organised by the Association of ...

The Cyprus Shipping Chamber (CSC) discussed the impact of EU policies, with a focus on the challenges of decarbonising ships, during its monthly board meeting which took place in Limassol ...

Giorgos Lakkotrypis on Friday was announced as the Consul of Kazakhstan in Cyprus, with the confirmation taking place in the presence of the Cypriot Minister of Foreign Affairs, the Deputy ...

Cypriot beverage maker KEO, a leading company in the field of winemaking, brewing, juice production, and bottling of natural mineral water, has released its financial results for the first half ...

The Central Bank of Cyprus has concluded the competition for a new digital platform for customer compliance, CBC governor Constantinos Herodotou explained during an event held on Thursday evening. The ...