Cyprus Business News

Economic sentiment in Cyprus improved marginally in April, with the Economic Sentiment Indicator (ESI) increasing by 0.8 points compared to March 2024, according to a report by the University of Cyprus’ Economic ...

The cost of the top ten most expensive property sales transactions completed in March amounted to €48.1 million, with the most expensive transaction being an office building in Potamos Germasogeia in ...

The Cyprus Chamber of Commerce & Industry (Keve) is set to host a funded seminar titled “Unlocking Strategic Value: Leveraging Data Science to Increase Business Profitability” on May 22-23, 2024, at ...

Cyprus was recently given a vote of confidence at the recently held ‘Cyprus: the New Global Tech & Innovation Hub Summit’, with a panel of industry experts underscoring the country’...

The Deputy Ministry of Shipping on Monday released a statement recapping minister Marina Hadjimanolis’ visit to China, where she held meetings with executives from shipping companies, brokerage firms, financial institutions, ...

Cyprus Stock Exchange senior officer Eliza Stasopoulou recently released a piece of analysis underlining how important it is for companies to implement corporate governance and social responsibility policies. She noted ...

The demand for business loans in Cyprus is decreasing due to high interest rates, with bankers, however, estimating that the anticipated interest rate cut from the summer onwards is expected ...

Monday marked the 97th anniversary of the establishment of the Cyprus Chamber of Commerce & Industry (Keve), an institution that has played a key role in shaping the island nation’...

Adonis Hadjigeorgiou, a doctoral student at the University of Cyprus, recently showcased an innovative piece of technology called InvasiCell at the Tahko Ski Lift Pitch startup event in Kuopio, Finland. ...

The Cyprus Shipping Chamber (CSC) recently announced that it welcomed the adoption of the Net-Zero Industry Act proposal by the European Parliament. As explained by the European Commission, the Net-Zero ...

Cypriot lender AstroBank has announced the launch of the three-year AstroBank Target Maturity Fund 2027, which aims to capitalise on the current bond yield environment. In its announcement, the company explained ...

Here are the top business stories in Cyprus from the week starting April 22: Former Cyprus Airways CEO Paul Sies has joined travel-tech company Journey Mentor as president and chief executive ...

Deputy Minister of Tourism Kostas Koumis this week addressed the growing need for foreign workers in Cyprus’ tourism sector, attributing it to the surge in tourist arrivals exacerbating labour shortages. ...

Cyprus and Kyrgyzstan successfully concluded negotiations over a Treaty for the Elimination of Double Taxation with respect to taxes on income and the prevention of tax evasion and tax avoidance, ...

The Central Bank of Cyprus (CBC) on Friday reported an increase in both loans and total deposits within the Cypriot banking system for March 2024. According to the CBC, liquidity, measured ...

Cyprus emerges prominently in recently released Eurostat data, both as a country with a high proportion of overqualified workers, and as a leader in the Information and Communication Technology (ICT) ...

Deputy Minister of Tourism Kostas Koumis on Friday acknowledged that the Cypriot tourism sector is in need of foreign workers, noting that the increase in tourist arrivals has further exacerbated ...

A meeting was held this week in Guangzhou, China, which brought together the Deputy Minister of Shipping, Marina Hadjimanolis, the president of the Cyprus Chamber of Commerce and Industry (Keve) ...

President Nikos Christodoulides this week expressed confidence in Cyprus’ ability to successfully the current global climate, dominated by uncertainty and instability, despite numerous regional and geopolitical developments. He also stated ...

The Central Bank of Cyprus (CBC) has calculated the reference interest rate at 11.42 per cent, exercising the powers granted to it by Article 314A of the Criminal Code Law, Chapter 154. ...

The Economics Research Centre (CypERC) of the University of Cyprus has updated its economic forecasts, indicating stronger growth and lower inflation expectations for the upcoming years. The report details several ...

Hellenic Bank on Thursday announced that it has entered into exclusive negotiations and a put option with CNP Assurances for the acquisition of its subsidiary CNP Cyprus Insurance Holdings Limited, ...

The Bank of Cyprus on Thursday announced new stock acquisitions, having obtained a number of ordinary shares worth €0.10 each from its appointed trader, the Cyprus Investment and Securities Corporation (CISCO), ...

The Cyprus Stock Exchange (CSE) this week announced its acceptance of the introduction of government bonds to the market, in accordance with Article 58(1) of the Cyprus Securities and Stock Exchange ...