Cypriot university teams up with Microsoft for start-ups programme
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,...
Cyprus Business News
Nicosia property sales hit €3.3bn in last 5 years
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...
Cyprus Business Now
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...
Cyprus Business Now
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...
Fitch Ratings upgrades Hellenic Bank outlook to positive
Credit rating agency Fitch Ratings reported on Wednesday that it has revised Hellenic Bank’s outlook to positive from negative, while also affirming the bank’s Long-Term...
Bank of Cyprus outlook revised to positive by Fitch Ratings
American credit rating agency Fitch Ratings announced on Wednesday that it has revised the Bank of Cyprus’ outlook to positive from negative, while at the...
Cyprus Business Now
The number of job vacancies suffered a 3 per cent decrease during the third quarter of the year, according to the Cyprus Statistical Service (CyStat),...
Assets under Management in Cyprus exceed €11bn
The total value of Assets under Management (AuM) of Collective Investments reached €11.6 billion in the third quarter of 2021, according to a report released...
Finance ministry: economic growth expected in 2021
As is the case with the global and European economies, the course of the Cypriot economy continues to greatly depend on the pandemic but despite...
Number of POS terminals up 15 per cent as cashless transactions rise
Point of sales (POS) terminals have seen a 15 per cent rise in Cyprus between 2018 and 2020, according to a survey of 14 countries...
Swedish firm acquires majority stake in Cypriot biotech company
International healthcare and diagnostic services company Medicover has acquired a controlling stake in Cypriot biotechnology NIPD Genetics, according to a statement released by the two...
Cyprus Business Now
Cyprus telecommunications company Cablenet has renewed its broadcasting and sponsorship agreement with Nicosia club Apoel, a statement announced on Tuesday. “Apoel is pleased to announce...
Cypriot delegation led by Finance Minister woos investors in Dubai
Minister of Finance Constantinos Petrides earlier this week led a group of Cypriot representatives on a trip to Dubai, aiming to promote Cyprus as an...
Parliamentary Committee report on state budget 2022 sees significant uncertainties due to pandemic
A report by the Parliamentary Committee of Financial and Budgetary Affairs on the State Budget for 2022 ahead of the plenary debate and vote this...
Cyprus Business Now
Central Bank of Cyprus governor Constantinos Herodotou said on Monday that he is seeking ways to expedite banks’ client digital onboarding and reviewing processes, with...
Tepak takes part in Huawei Road Show event
The Cyprus University of Technology said on Thursday it had participated in the Huawei Road Show event. The event, which took place for the first...
Cyprus and India deepen investment ties
The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, announced on Friday that it has signed a memorandum of understanding with its Indian counterpart...
Cyprus Business Now
RCB Bank CEO Kirill Zimarin earlier this week presented the bank’s new Nicosia Banking Centre, in conjunction with his thoughts on the banking sector, explaining...
Inflation ideology: camp permanent or camp temporary?
By Maria Demertzis The discovery of the latest Omicron variant of COVID-19 sent stock markets into a freefall on Black Friday. However, markets recovered on...
Banks must evolve to compete with Fintechs, Herodotou says
Banks need to rethink their business model to be able to better compete with financial technology (fintech) companies, Central Bank of Cyprus governor Constantinos Herodotou...
