Cyprus Business News

The European Banking Authority (EBA) released its annual assessment of European banking risks this week, revealing the ranking of Cypriot banks concerning interest payments on household deposits and their capital ...

Cyprus’ banking system witnessed a further decline in non-performing loans (NPLs) at the end of September 2023, dropping to €2.02 billion from €2.08 billion in August, reflecting an ongoing trend of improvement, according ...

Limassol’s striking new business hub invites prospective moguls on an immersive experience, to explore its game-changing elevated workspaces Neocleous Tower is a modern, sustainable, office building in central Limassol, ...

The Cyprus Borrowers Association (Syprodat) this week released a statement hailing two bills ratified by the House last week as crucial for borrowers and the economy, emphasising their significance in ...

The Cypriot government is expected to spend approximately €18 million on airline and travel agency incentives for the entirety of 2023, after a recent approval by the House of Representatives, as part ...

The Central Bank of Cyprus (CBC) on Thursday released a statement confirming the bank holidays for the upcoming festive season, while urging the public to plan accordingly. According to the ...

The Paphos Regional Tourism Board (Etap) announced this week that it has approved its budget and action plan for 2024, with the decision having been taken during the most recent meeting ...

There was a notable upswing in government employment in November 2023, reaching a total of 54,404 individuals, marking an increase of 867 individuals, reflecting a rise of 1.6 per cent compared to the same ...

The Nicosia Regional Tourism Board (Etap) this week announced that the EduTourism initiative, which aimed at boosting educational tourism to amplify appreciation for cultural and natural heritage, concluded in November ...

Cyprus witnessed a substantial increase in imports in the period from January to October 2023, rising by €1.23 billion when compared to the same period in 2022, according to a report released this ...

Cyprus National Cybersecurity Coordination Centre, in conjunction with the Research and Innovation Foundation (RIF), this week announced the launch of a new support scheme that aims to strengthen cybersecurity in ...

Alpha Bank Cyprus on Monday released a statement underlining its prominent participation at the 11th Banking Forum & FinTech Expo, where Miltos Michaelas, the bank’s CEO, represented the organisation. ...

The Central Bank of Cyprus (CBC) on Monday released a report revealing that a total of 33 bounced cheques, valued at €60,851, were issued in November 2023. This has led to the registration ...

Cyprus witnessed a remarkable 58.5 per cent surge in total registrations of motor vehicles in November 2023, compared to the same month of the previous year, while also marking an annual increase ...

The unemployment rate in Cyprus plunged to its lowest level in 53 quarters, settling at 5.8 per cent of the labour force in the third quarter of 2023, marking a significant decline, according ...

The Cyprus Institute of Labour, associated with the Pancyprian Federation of Labour (Peo), released a comprehensive report on Monday, delving into the economic and employment landscape for 2023. The findings of ...

The European Central Bank’s continual balance sheet offloading in its battle against inflation has kept the value of Cypriot bonds held within the Eurosystem at €6.75 billion, according to a ...

The Ministry of Finance on Monday announced that the Republic of Cyprus and France ratified an updated double tax treaty, first announced on Friday, in an effort to eradicate double ...

Here are the top business stories in Cyprus from the week starting December 4: National flag carrier Cyprus Airways on Wednesday announced the launch of direct flights between Larnaca and Brussels ...

Eleftheria Voskaridou, the CEO of Blackbook Agency Ltd., has been a transformative force in Marketing and Communication, particularly in real estate and land development, and destinations targeting high-net-worth individuals. Her ...

Approximately 8 out of 10 businesses in Cyprus (79.9 per cent) with 10 or more employees have embraced social media networks as a part of their operational strategy, according to a report by the ...

Recent developments in the Cyprus real estate market have highlighted a significant shift in buyer interest toward the occupied territories, with pricing identified as a key driver, rather than the ...

The adoption of circular economy practices by Cypriot hotels is essential for bolstering the competitiveness and resilience of Cyprus’ tourism sector, stated Deputy Minister of Tourism Kostas Koumis. Moreover, Koumis ...

The Cyprus Shipping Chamber this week expressed deep concern over recent assaults by paramilitary forces in Yemen on commercial vessels passing through the Red Sea and the Gulf of Aden. ...