Cyprus Business News

There was a slight increase in the absolute numbers of non-performing loans (NPLs) in Cyprus in January of this year, with the ratio of NPLs to total loans remaining stable ...

Property values in Cyprus marked an increase during the first quarter of 2024, compared to the same period during the previous year, according to a report released on Friday by real ...

The European Commission this week issued reasoned opinions, the final step before referring cases to the European Court of Justice (ECJ), to Cyprus and other member states for failing to ...

Eurobank Cyprus recently clinched the Digital Transformation Award at the Temenos Community Forum conference in Dublin, which took place from May 14-16. This accolade celebrates the bank’s successful execution ...

Hellenic Bank on Friday released its financial results for the first quarter of 2024, recording an after-tax profit of €93.3 million, with interim CEO Antonis Rouvas saying that the year “started on ...

The Limassol Boat Show was officially inaugurated on Thursday evening at the Limassol Marina by Deputy Minister of Tourism Kostas Koumis. In a brief address, Koumis highlighted that the Limassol ...

Frederick University and port management company DP World Limassol signed a Memorandum of Understanding (MoU) this week, seeking to “further strengthen their strategic partnership in fields of common interest”, according ...

CEOs are currently expressing a renewed sense of optimism regarding future growth investments, despite a number of challenges, with short-term returns being high on their priority list, according to the ...

Deputy Minister of Research Nicodemos Damianou this week emphasised the crucial importance of space technology for securing Europe’s economic future, its strategic independence, and its role on the global ...

The Bank of Cyprus on Thursday announced the introduction of electronic dividend payments, following the European Central Bank’s approval for a cash dividend payout. Shareholders now have several options ...

The unemployment rate in Cyprus decreased to 6 per cent in the first quarter of 2024, according to a report released on Thursday by the Cyprus Statistical Service (Cystat). The total workforce ...

The ongoing tax reform process, the first in over twenty years, was the focal point of a conference organised this week by FMW. The event saw participation from technocrats from ...

The total assets of investment funds in Cyprus increased by approximately €293 million in March of this year, representing a rise of 4.5 per cent compared to December 2023, reaching €6.78 billion. According to ...

Achieving remarkable progress, the construction of Limassol’s impressive new business hub continues to hit major milestones, showcasing a steadfast commitment to on-time completion. Neocleous Tower is a modern, sustainable, ...

The Bank of Cyprus on Thursday announced the introduction of electronic dividend payments, following the European Central Bank’s approval for a cash dividend payout. Shareholders now have several options ...

Despite a rise in fuel prices contributing to an uptick in inflation from 1.2 per cent in March to 2.4 per cent in April, due to geopolitical developments, food inflation has continued ...

The total weight of goods transported by road within Cyprus in the fourth quarter of 2023 saw an 11.4 per cent increase, compared to the same period in 2022, according to a report ...

The Cyprus University of Technology (Tepak) and the Polemidia municipality announced on Wednesday that they have agreed to jointly develop a photovoltaic (PV) park with a total capacity of approximately 9 ...

Despite a rise in fuel prices contributing to an uptick in inflation from 1.2 per cent in March to 2.4 per cent in April, due to geopolitical developments, food inflation has continued ...

Sectors that are heavily exposed to AI are witnessing a surge in productivity, while AI jobs are also experiencing notable growth, according to a recent report shared by PwC Cyprus ...

Deputy Minister of Shipping Marina Hadjimanolis this week met with Greece’s Minister of Shipping and Island Policy Christos Stylianides, with the discussion focusing on the competitiveness of European shipping, ...

Astrobank announced this week that it is opening a new branch in the Dali area in Nicosia, bucking the trend of shrinking branch networks, noting that this is an underserved ...

President Nicos Christodoulides on Tuesday stressed the need for a unified approach and solid public-private cooperation to address the challenges currently facing the shipping industry. Speaking at the 35th annual ...

The Limassol Boat Show 2024 will take place in May, from 23 to 26 at Limassol Marina, and once again, the largest nautical exhibition in the Eastern Mediterranean is expected to impress and ...