Cyprus Business News

Tourist arrivals in Cyprus displayed a slight yet steady increase in May 2024, compared to the same month last year, with the primary markets sustaining robust performance levels, the Cyprus Statistical ...

Freedom Holding Corp. (FRHC), the parent company of Freedom24, this week reported record-breaking results for the fiscal year ending March 31, 2024. During this period, the holding company’s revenue doubled to $1.6 ...

Tourist arrivals in Cyprus displayed a slight yet steady increase in May 2024, compared to the same month last year, with the primary markets sustaining robust performance levels, the Cyprus Statistical ...

Hourly labour costs (total costs) in Cyprus saw a 4.9 per cent increase during the first quarter of 2024, when compared to the same period during the previous year, according to a ...

The Larnaca regional tourism board (Etap) on Monday announced that Larnaca has clinched the fifth spot in DiscoverCars.com’s survey of Europe’s top 20 most scenic driving destinations. This ...

Employment in Cyprus’ broad public sector exceeded 75,000 people in the first quarter of the year, reflecting an increase of 4.1 per cent, primarily due to a rise in employment within the ...

Cyprus’ general government recorded a surplus of approximately €600 million in the first quarter of 2024, reflecting a 58 per cent increase from the previous year, driven by revenue growth outpacing expenditure, according ...

The Finance Ministry is contemplating a return to financial markets in the near future, aiming to capitalise on the Cypriot economy’s positive momentum, which has been further reinforced by ...

Here are the top business stories in Cyprus from the week starting June 10: President of the Famagusta Hoteliers Association (Pasyxe), Panayiotis Constantinou, remains cautiously optimistic about the future of tourist ...

The occupancy rate of the aircraft arriving in Cyprus last month reached around 85 per cent and is on the rise as peak season approaches, Hermes Airports said on Friday. Director ...

The number of job vacancies in Cyprus rose by 7.3 per cent on an annual basis in the first quarter of the year, with the increase accelerating to 9.9 per cent compared ...

Invest Cyprus, the agency tasked with promoting investments in Cyprus, on Friday announced that it has successfully concluded a three-day programme titled ‘The Marketing and Partnerships Academy’, which was held ...

The East Mediterranean Gas Forum (EMGF), based in Cairo, has announced a recruitment process for two vacant positions, according to an announcement by Cyprus’ Ministry of Energy, Commerce, and Industry. ...

In celebrating Cyprus’ maritime heritage and the bonds forged between education and shipping, the Ship Adoption training programme for the 2023-2024 academic year came to a ceremonious conclusion this week ...

Over the past five years, 275,000 individuals participated in 30,500 training programmes by the Human Resource Development Authority of Cyprus (Anad), with a total expenditure of €102.3 million, according to chairman Demetris Kittenis. ...

Deputy Minister of Tourism Kostas Koumis this week confirmed that there have been no flight cancellations to Cyprus due to the recent fires that ravaged parts of the island, which ...

State-owned asset management company Kedipes on Thursday announced cash inflows of €144 million for the first quarter of 2024, with the company also making a record payment of €140 million to the state, ...

Deputy Minister of Tourism Kostas Koumis on Thursday said that the strengthening of diplomatic relations between Cyprus and Jordan is helping to significantly lift the island’s tourism sector. In ...

The demand for loans in Cyprus saw a further decline in the first quarter of 2024, with banks attributing this decrease to high interest rates, according to a report released on ...

State-owned asset management company Kedipes on Thursday announced cash inflows of €144 million for the first quarter of 2024, with the company also making a record payment of €140 million to the state, ...

PwC Cyprus announced on Thursday that nearly two-thirds (63 per cent) of companies report a very high or extremely high level of confidence in their readiness to comply with the forthcoming ...

The Cyprus Securities and Exchange Commission (CySEC) and the Department of Accounting and Finance at the University of Cyprus (UCY) on Thursday jointly launched an educational initiative aimed at enhancing ...

European low-cost airline Wizz Air on Thursday announced an increase in flight schedules from its bases in Larnaca, Cluj, and Varna. According to the airline’s announcement, this expansion is ...

Panagiotis Polydoros, Country Manager of Mastercard for Greece, Cyprus, and Malta, used a press conference held this week in Nicosia to underscore Mastercard’s confidence in Cyprus and its vision ...