Cyprus Business News

The Cyprus Chamber of Commerce and Industry (Keve) announced on Wednesday that they are spearheading Cyprus’ representation at the International Agricultural and Environmental Exhibition in Doha, Qatar, scheduled to commence ...

Cyprus has been ranked as one of the top travel destinations for Russians, Tourism Minister Savvas Perdios said on Wednesday in the wake of two recent visits to Moscow. “There ...

Efforts to encourage the use of small, lightweight, low-speed vehicles in Limassol are being hindered by a number of obstacles, micromobility industry stakeholders said during a panel discussion. The event, ...

The Industrial Turnover Index increased by 17.8 per cent year-on-year in November, with the index being 13.6 per cent higher in the first eleven months of 2021 when compared to the corresponding period ...

Parliament on Tuesday continued discussing a legislative proposal that would reduce the maximum fine imposed on companies for not submitting their annual financial reports on time, as MPs heard that ...

Restaurants and other hospitality venues in Paphos are struggling to find the workers required to keep their businesses in operation, Paphos Leisure Centre Owners Association (Sikap) president Angelos Onisiforou said ...

The volume of credit card transactions rose by 72 per cent between September and November of 2021, according to data provided by credit card processing company JCC to the Cyprus News Agency (...

American painter James Whistler believed that artists aren’t paid for their labour, but rather for their vision. When creative possibilities are endless, a creator’s perspective, sense of aesthetics ...

According to the Cyprus Statistical Service (Cystat), inflation in Cyprus reached 5.4 per cent in January, while the Consumer Price Index (CPI) fell by 0.53 units to reach 104.57 units. The CPI stood ...

Interest rates for corporate deposits fell to a new historical low, reaching 0.02 per cent in December 2021, while the interest rate for household deposits remained unchanged at 0.06 per cent. Compared to ...

The total purchases of Cypriot bonds by the European Central Bank (ECB) amounted to €6.56 billion, under the Public Sector Purchasing Programme (PSPP) and the Pandemic Emergency Purchase Programme (PEPP). According ...

Deputy Ministers for Tourism and Shipping Savvas Perdios and Vassilis Demetriades welcomed the assurances by Royal Caribbean’s interest to invest in Cyprus, expressing their readiness to enhance the island’...

Cypriot fintech company WiRE, which mainly operates in the real estate market, announced on Wednesday that it has been accepted to participate in PricewaterhouseCoopers (PwC) UK’s Scale programme. PwC’...

Greek technology fund PJ Tech Catalyst, backed by Piraeus Bank (BOPr.AT) and the European Investment Fund, has agreed to sell its market research unit Pollfish to U.S.-based ...

The Cyprus Stock Exchange (CSE) and Athens Exchange Group (ATHEXGroup) announced on Wednesday their successful collaboration, resulting in the CSE becoming compliant with the Settlement Discipline Regulation, as of February 1...

The Cyprus Land and Building Developers Association (LBDA) warned against the potential rise in VAT for property purchases, saying that this would harm both the economy and first-time buyers. The ...

The establishment of a new hospitality school in Platres is aiming to tackle both labour shortages in the hospitality industry, as well as the issue of rural flight, people flocking ...

Limassol port management company DP World Limassol welcomed the world’s biggest cruise ship on Monday, Royal Caribbean International’s Wonder of the Seas. “It is with great pleasure that ...

The Cyprus Securities and Exchange Commission (CySEC) will further bolster its supervisory framework in a bid to go along with technological developments in the market, CySEC chairman George Theocharides said ...

The National Betting Authority generated €192 million in revenue during the third quarter of 2021, reflecting a 12 per cent increase over the corresponding quarter of the year before, according to a report ...

The Cyprus Stock Exchange (CSE) and Swiss Exchange (SIX) signed an agreement on Monday for the establishment of the post-trade infrastructure necessary to facilitate the dual-listing of Cyprus‘ Euro medium-term ...

High levels of private debt continue to stifle the growth of Cypriot banks, increasing fiscal vulnerability and negatively impacting credit availability, ratings agency Moody’s said on Monday. The agency’...

The Cyprus Economic Society (CES) will be hosting its annual economy panel on Thursday, with the online event delving into Cyprus’ economic outlook and prospects. Among the speakers are Bank ...

The Cyprus Deputy Ministry of Shipping announced on Friday the expiration of the deadline for the submission of tenders to establish a passenger maritime link between Cyprus and Greece, as ...