Cyprus Business News

The Bank of New York has awarded the Bank of Cyprus the “STP AWARD 2023” for the third consecutive year, recognising the high-quality procedures the Bank follows in the area of ...

The Deputy Ministry of Research, Innovation and Digital Policy on Tuesday announced that it has signed a Memorandum of Understanding (MoU) with UAE’s Khazna, the largest data centre operator ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday reported that the total assets under management (AUM) for the country’s collective investment sector reached €9.4 billion in the second quarter ...

Cyprus-based international gaming and entertainment company GDEV this week released its financial results for the second quarter of 2024, posting $108 million in bookings. This highlights the continued growth of its popular ...

Rising interest rates, which have led to increased borrowing costs, have consequently weighed heavily on mortgage demand in Cyprus, according to Delfi Partners’ analysis, which examined data for the first ...

Cyprus’ potential as a prime investment destination received a boost with last week’s inauguration of two major manufacturing facilities, the Olympus dairy plant in Nicosia and the Kassatly beverage ...

Rising interest rates that gave rise to increased borrowing costs have weighed heavily on mortgage demand in Cyprus, according to Delfi Partners’ analysis, which looked at data for the first ...

The Cyprus Statistical Service (CyStat) reported robust growth across key sectors of the economy in the first half of 2024, with manufacturing, construction, and tourism showing notable gains. Manufacturing production rose ...

Here are the top business stories in Cyprus from the week starting October 7: Cyprus’ ambitions to transform itself into a tech hub are facing significant challenges, as tech firms warn ...

Some 400 women in shipping from 40 different countries are currently participating in the 50th Anniversary World Congress of the Women’s International Shipping and Trade Association (WISTA International), which began on ...

The 7th annual ‘Young Entrepreneurship Awards’, organised by Cyprus Chamber of Commerce and Industry (Keve) with support from the Ministry of Energy, Commerce, and Industry and Hellenic Bank, celebrated young ...

The University of Cyprus’ Centre of Excellence “Koios” has launched the “SPARROW” (Solid Preparedness and Resilience for Robust Operations during disaster Wilderness) project, aaimed at enhanced disaster resilience for Europe. ...

Some 400 women in shipping from 40 different countries are participating in the 50th Anniversary World Congress of the Women’s International Shipping and Trade Association (WISTA International), which started on Thursday ...

The Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, has called on banks to weigh both social considerations and the need to bolster the competitiveness of the economy ...

Labour Minister Yannis Panayiotou on Thursday spoke about the importance of digital and green skills in supporting Cyprus’ economic growth at a meeting of the Human Resources Development Authority’s (...

Cyprus’ trade deficit reached €4.98 billion in the January-August period, down 18.5 per cent compared to €6.12 billion in the same timeframe last year, according to a report by the Cyprus Statistical Service (...

By Rita Beyrouthy As the financial landscape evolves, with technology and digital finance shaping how investors access markets, it is important to focus on how these innovations can empower and ...

Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, has told banks to take into account both the social aspect and the enhancement of the competitiveness of the economy ...

The total number of registered motor vehicles in Cyprus rose by 13.2 per cent in the January-September 2024 period, reaching 38,819, compared to 34,280 during the same period last year. According to the Cyprus ...

Cyprus recently achieved international recognition by winning the “Destination Award” at the Routes World Airline Conference, held in Bahrain from October 6 to 8. As Cyprus’ reputation for excellence in air connectivity ...

Paphos is pushing forward with a €195,000 digital advertising campaign this October, targeting key tourist markets across Europe to boost visibility and attract more visitors. Local tourism board Etap said this ...

At the opening of the Women in STEM Cyprus Forum in Limassol, Commissioner for Gender Equality Josie Christodoulou, acknowledged Cyprus’ progress on gender equality, despite ranking 21st among the 27 EU ...

Cyprus won the “Destination Award” at the Routes World Airline Conference, held in Bahrain from October 6 to 8, as its global reputation in air connectivity grows, the deputy Ministry of Tourism ...

On his first official visit to Hellenic Bank since Eurobank Group’s acquisition, CEO Fokion Karavias underscored his commitment to providing tangible support, accompanied by deputy CEO Stavros Ioannou. During ...