Cyprus Business News

Eurobank announced this week the acquisition of an additional 2.7 per cent stake in Hellenic Bank, raising its total share in the Cypriot bank to 12.6 per cent. Eurobank acquired approximately 11.19 million ...

The Ministry of Finance on Wednesday responded to the criticism of the last few days about the increase in bank charges and calls for its intervention, making it clear that ...

Chamber of Commerce and Industry president Christodoulos Angastiniotis said on Tuesday that the pandemic continues to be a source of uncertainty in regards to how the Cypriot economy is expected ...

The decision of Cypriot commercial banks to impose new charges on clients has sparked a fierce reaction from customers, trade unions, some political parties and interest groups. In the case ...

Loan restructurings in the Cypriot banking system edged close to €2 billion in the first ten months of 2021, marking the highest figure according to Central Bank of Cyprus (CBC) records which ...

The European Union and the Executive Vice-President for an Economy that Works for People Valdis Dombrovskis launched an initiative this week to further restrict tax evasion through the use of ...

Cyprus has seen a 67 per cent increase in full-time researchers during the previous decade, according to a report released earlier this month by Eurostat, the statistical service of the European ...

The percentage of people who made online purchases showed a significant increase, which reached 48 per cent in the first quarter of 2021 compared to 34.1 per cent in the corresponding period last ...

The Human Resource Development Authority of Cyprus (Anad) announced on Thursday that it has allocated a budget of €23.3 million for a raft of training programmes, applicable to both employed and ...

Fitch Ratings announced earlier this month that it has affirmed insurance company CNP Assurances’ financial strength rating at A+ and its outlook to stable. International French group CNP Assurances is ...

Cyprus announced on Thursday its commitment to contribute €5.77 mln as a donor country, in the context of the remote meetings held on 14 and 15 December for the $93 billion replenishment package of ...

Cypriot biotech company Embio Diagnostics announced this week that it has successfully raised €1m in seed funding from multinational group Asbis, with the investment aimed at accelerating the company’s ...

The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, welcomed on Tuesday the recent signing of the Agreement on the Avoidance of Double Taxation and the Prevention of Tax ...

The burning issue of inflation was the subject of an online event held last Wednesday by the Cyprus Association of Economists (EOK) titled ‘Price Rises: Inflation Principle or Something Else?’. ...

Tourist arrivals reached 148,973 in November of this year, a massive jump over the 8,952 during the same month in 2020, but still down on the 169,392 tourist arrivals in November of 2019. For the ...

The Cyprus Investment Funds Association (CIFA) announced on Monday that the investment fund sector enjoyed significant growth during 2021, with the total amount of Assets under Management (AuM) increasing by 48.7 per ...

By Melina Moleskis What is behavioural economics in a nutshell? Behavioural economics is about observing and understanding human decisions up close without prior assumptions. Its aim is to make people’...

Cypriot transport and logistics company and authorised service contractor of UPS in Cyprus GAP Vassilopoulos Group announced on Monday that all UPS flights will now be carried out on a ...

Cyprus ranks first in Europe among countries that secured funding for the creation of Research Centres of Excellence, while it has recorded one of the largest absorptions of projects from ...

The Cyprus Composite Leading Economic Index (CCLEI) recorded a year-over-year increase of 14.0 per cent in November 2021, reaching a level of 112.7, after year-over-year increases of 13.9 per cent in October and 13.4 per ...

European University Cyprus has linked up with US technology giant Microsoft to launch a new programme for start-up businesses. Titled Microsoft for Start-ups Cyprus Program, the programme will assist 10 strictly ...

Property sales across four major Nicosia municipalities exceeded €3.3 billion in value over the past five years, a report from independent real estate asset management and advisory firm WiRE has shown. ...

The Bank of Cyprus announced on Friday that it has concluded its small-scale, targeted, voluntary staff exit plan. Following the completion of the plan, 100 applicants received approval to leave at ...

The Association of Cyprus Banks on Thursday took part in an online seminar examining the progress achieved in the Cypriot banking system, as well as the efforts to combat money ...