Cyprus Business News

Cyprus has demonstrated flexibility in choosing its timing to enter the markets for the issuance of a 7-year bond, which sought to raise €1 billion, according to investment firm Athlos Capital. ...

Alpha Services and Holdings S.A. (Alpha Holdings) has denied recent media reports claiming that the company is in negotiations to acquire a stake in the Bank of Cyprus Holdings ...

The Finance Ministry has been spurned into action by the news reported by Bloomberg that AB CarVal Investors and Caius Capital are interested in selling their shares in the Bank ...

The Cyprus Composite Leading Economic Index (CCLEI), constructed and estimated by the Economics Research Centre of the University of Cyprus (CypERC), saw a marginal increase of 0.1 per cent in May 2024. ...

Hotel occupancy rates in the Famagusta district during the Kataklysmos holiday weekend are expected to be at satisfactory levels, ranging between 80 to 90 per cent, according to Famagusta Hoteliers Association president (...

An open event held at the CYENS Centre of Excellence this week aimed to connect public organisations and small and medium enterprises (SMEs). According to an official announcement, the event ...

The positive trajectory of the Cypriot economy, the successful issuance of a seven-year bond by the Republic of Cyprus, the commencement of strategic dialogue with the US, digital transformation, and ...

Alpha Services and Holdings S.A. (Alpha Holdings) has denied recent media reports claiming that the company is in negotiations to acquire a stake in the Bank of Cyprus Holdings ...

Hotel occupancy rates in Larnaca are expected to reach approximately 75-80 per cent for the Kataklysmos holiday weekend, mirroring the levels recorded during 2023, according to the president of the Larnaca ...

The Cyprus Mail’s SOUZANA PSARA recently sat down with tech industry veteran Ruslan Synytsky for an in-depth interview about the visionary beginnings of Ravatar, an innovative venture into the ...

Ensuring macroeconomic stability and the rational management of resources and public financial obligations is a fundamental objective of the government, said President Nikos Christodoulides on Wednesday evening. Speaking at the 63...

Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou on Thursday set a forward-looking tone at the 3rd CITEA Digital Cyprus Conference, focusing on the potential and strategic importance ...

Ensuring macroeconomic stability and the rational management of resources and public financial obligations is a fundamental objective of the government, said President Nikos Christodoulides on Wednesday evening. Speaking at the 63...

A study conducted by the Cyprus Employers and Industrialists Federation (Oev) has highlighted the importance of digital transformation for businesses, emerging as a key factor for their long-term success, growth ...

The Ministry of Energy, Commerce and Industry, in collaboration with the Cyprus Trade Centre London, took part in the London Tech Week exhibition by hosting an informative booth. Held June 10 ...

The Research and Innovation Foundation (RIF) this week announced the launch of a new programme titled “Enterprises Capacity Building in New Product Development.” According to the announcement, this initiative aims ...

International credit rating agency Standard & Poor’s (S&P) this week upgraded the long-term credit rating of the Bank of Cyprus to BB+ with a positive outlook. This ...

The Cyprus Stock Exchange (CSE) on Wednesday announced the approval of the listing of 21,500 Treasury Bills with a 13-week maturity, 4th issue, Series 2024 (21/06/2024 – 20/09/2024), each with a nominal value of €1,000, totalling €21,500,000. ...

The Republic of Cyprus has drawn offers totalling €9.6 billion from international markets for its newly issued 7-year bond worth €1 billion, according to a report released on Wednesday by the Cyprus ...

Cyprus has seen a slight improvement in IMD’s world competitiveness rankings, moving from 45th to 43rd place among 67 evaluated countries, according to an announcement by the University of Cyprus’ ...

Consulting and advisory firm PwC Cyprus this week announced the admission of two new partners, Petros Metaxas and Alexandros Papadopoulos, with the decision coming into effect on July 1, 2024. The company ...

International credit rating agency Standard & Poor’s (S&P) this week upgraded the long-term credit rating of the Bank of Cyprus to BB+ with a positive outlook. This ...

International credit rating agency Moody’s this week announced that it has initiated a review for a possible upgrade of all ratings and assessments of Hellenic Bank. According to the ...

The Central Bank of Cyprus (CBC) this week revised its forecast for the country’s GDP growth in 2024 to 3 per cent, up from the 2.8 per cent predicted in March, primarily ...