Cyprus Business News

By Andria Kades and Iole Damaskinos EuroAsia Interconnector signed a record-breaking subsea cable deal with Nexans on Wednesday, however the positive development was overshadowed by Energy Minister George Papanastasiou confirming ...

The total amount of Non-Performing Loans (NPLs) in the Cypriot banking system reached €2.19 billion in April, with the NPL ratio against total loans remaining unchanged at 9 per cent. According to ...

Freedom Finance Europe, the European division of Freedom Holding Corp., has signed an exclusive partnership agreement with the football team FC Krasava at its new headquarters in Cyprus, according to ...

The Bank of Cyprus is issuing a new high-priority bond worth €300 million, capitalising on the positive momentum following the issuance of Additional Tier 1 capital in mid-June, according to a report ...

The fifty most valuable real estate transactions in the Cypriot property market during the month of June brought in a combined €79 million, according to a report released on Tuesday by ...

Fitch Ratings on Monday released a new report stating that the stable quality of Cypriot banks’ assets in the second half of 2023 will be supported by positive prospects for the ...

Research spending in Cyprus remained at a low level of 0.83 per cent of Gross Domestic Product (GDP) in 2021, despite a significant 8 per cent increase compared to 2020, according to the latest ...

The Cyprus Securities and Exchange Commission (CySEC) on Monday announced that in recognition of the importance of financial education and academic excellence, it recently handed out awards to two exceptional ...

Tourist arrivals in Cyprus experienced a significant increase of 22.7 per cent in June 2023 compared to the same period last year, although they remained 10.6 per cent lower than the record-breaking arrivals ...

New York City played host to the Economist’s annual Eastern Mediterranean Business Summit on July 10, with PwC Cyprus serving as the platinum sponsor, according to an announcement released by ...

Here are the top business stories in Cyprus from the week starting July 10: Invest Cyprus, the national investment promotion agency, on Friday released a statement expressing its support for a ...

The Paphos real estate market experienced a slight decline of 17 per cent in the value of property transactions during the second quarter of 2023, according to George Mais, the president of ...

The Cyprus Chamber of Commerce on Friday announced that it successfully held its Journey Towards Sustainable Tourism conference, detailing grants, support schemes and best practices in this space. The conference, ...

The Vice President of International Relations at the Limassol Chamber of Commerce and Industry, Heros Miltiadous, met with the Vice President of the Bulgarian Chamber of Commerce and Industry, Todor ...

By Charles Ellinas To many, it may not sound surprising, but it is a sad reflection of the last ten years. Cyprus continues its freefall global rankings, in a number ...

Invest Cyprus, the national investment promotion agency, on Friday released a statement expressing its support for a recent decision to fast-track strategic investments on the island. On Thursday, the House ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday announced that it has reached a settlement with a licensed broker for market abuse violations. The commission explained that it has ...

Energy, Commerce and Industry Minister George Papanastasiou has announced the government’s intentions to push ahead with developing Cyprus as a key regional energy hub, inviting global energy professionals to ...

Issues concerning Famagusta residents, local authorities and entrepreneurs, were discussed at a meeting between Disy head Annita Demetriou and the board of the district’s tourism, commerce and entrepreneurial company (...

Cypriot startup Revolutionary Labs recently held a special ceremony to commemorate the successful conclusion of the mediSKIN entrepreneurship innovation project. According to an announcement, the event, which was held at ...

During his speech at The Economist business conference on the Eastern Mediterranean held in New York this week, Constantinos Herodotou, the Governor of the Central Bank of Cyprus (CBC), emphasised ...

National investment promotion agency, commonly known as Invest Cyprus, on Thursday, announced that its vice chairman Spyros Vassiliou presented Cyprus’ investment attraction strategy at The Economist conference in New York. ...

The value of properties sold in Cyprus during the second quarter of 2023 reached €1.52 billion, with the market showing signs of being impacted by the increase in interest rates, soaring inflation, ...

Employment in the government decreased by 2 per cent in June, mainly driven by the transfer of hourly-paid personnel from the Ministry of Health to the State Health Services Organisation (OKYPY), ...