Cyprus Business News

Trade union Sek has released a press statement saying that it has been asking for a ‘prudent and comprehensive’ tax reform that will be shaped by dialogue and consultation and ...

Emphasis on implementing sustainable practices and supporting ‘green’ initiatives and businesses Extreme weather events are wreaking havoc on many parts of the planet, making the consequences of climate change visible ...

The Sewerage Board of Limassol – Amathus (SBLA) signed a contract on Wednesday for the construction of a sewerage system in Palodia, at an estimated cost of €7 million. “Today, with the ...

The Research Foundation’s chairman Nikolas Mastroyiannopoulos announced on Wednesday two new security and defence programmes. The programmes are worth a total of €3 million and are part of Cyprus’ recovery ...

More than €200 million in EU funds has been allocated to improve the competitiveness of Cypriot businesses between 2021 and 2027, but the full absorption of this amount could be endangered by a ...

71 community councils have been exempted from contributing to the construction cost of various small-scale projects amounting to €5.2 million in total. The councils’ contributions will instead be sourced from savings made ...

How RegTech companies can help transform Cyprus into a tech hub For several years, we have been empowering fintech firms with the regulatory technology (RegTech) tools required to drive efficiency ...

Cyprus is working towards an efficient, greener and value-oriented industry sector, Minister of Energy, Commerce and Industry Natasa Pilides said on Monday. “We are one step closer to the industry ...

The Deputy Ministry of Tourism said that this year’s World Tourism Day’s theme of Tourism for Inclusive growth is fully aligned with Cyprus’ national tourism strategy for 2030. “The ...

Lawmakers on Monday began reviewing the government’s request to spend an additional €91 million, the lion’s share of which will go to continuing support to businesses as well as ...

By Savvakis C Savvides Every capital investment whether deemed to have negative or positive Net Present Value has, like a coin, two sides. One is the return side and the ...

President Nicos Anastasiades praised the resilience of the shipping sector during a dinner hosted by the Cyprus Union Of Shipowners in Athens. Anastasiades underlined shipping’s contribution to the Cypriot ...

Tourist arrivals in Cyprus reached 321,858 in August of this year, reflecting an increase of 208.7 per cent compared to August of the previous (during which 104,261 arrivals were recorded), and a decrease ...

Businesses asking for bank loans will have to show commitment to the green economy and sustainable development in the future a gathering of business leaders was told this week. “According ...

AstroBank appointed two new board members on Friday, September 10. In an announcement released on Thursday, September 16, the bank said that Michalis Sarris and Evi Rossidou have joined the board. Rossidou ...

The mooted deal for Bahrain’s national airline Gulf Air to use Larnaca airport as a hub for a number of international destinations has the potential to open up the ...

Deficit spending will be the norm for the next three years, according to finance minister Constantinos Petrides who presented the state budget for 2022 to the council of ministers as well ...

The cabinet has appointed George Theocharides as the Cyprus Securities and Exchange Commission’s (CySEC) new chairman, promoting him from the post of vice chairman, which he held since July ...

The Cyprus shipping industry met with the International Chamber of Shipping (ICS) on Tuesday, September 14, to discuss the various technical and environmental issues stemming from the implementation of the pertinent ...

Cyprus’ inability to join the group of Schengen countries has adverse effects on its economy, Paphos Chamber of Commerce and Industry (PCCI) chairman George Mais has said. Speaking to the ...

The ninth edition of the Cyprus Energy Symposium will put the spotlight on all energy-related issues pertaining to Cyprus, a statement by its organisers said. The symposium, which will be ...

CyprusInno has launched a new coworking space called The Base in Nicosia’s Ledra Palace buffer zone. The centre will not be limited to coworking elements as it wil also ...

The Cyprus Securities and Exchange Commission (CySEC) has released a policy statement on cryptocurrency assets, calling on service providers to comply with regulations and warning investors of the risks involved. ...

The European Commission has approved a budget of more than €22 million for the creation of a collection of sewage networks in the Kokkinochoria region in Cyprus. The Commission approved the ...