Cyprus Business News

Cyprus’ trade deficit increased by €1.12 billion during the first half of 2022, when compared to the corresponding period of the previous year, according to data released on Tuesday by the Cyprus ...

The Bank of Cyprus on Tuesday announced that its board of directors will meet on Tuesday, August 30, 2022, to review the financial results of the Bank of Cyprus Group for the ...

Cyprus Association of Hotel Managers president Christos Angelides on Friday said that the hotel occupancy rate in the Famagusta district is expected to reach between 85 and 90 per cent in August. “...

Nexters, an international game development company headquartered in Limassol, this week released its financial and operational results for the first quarter of 2022. In addition, the company also announced changes to ...

Cypriot company Point Nine on Thursday announced that it will be holding its third annual conference on September 16, 2022, with the event taking place at the Four Seasons Hotel in Limassol. ...

The Central Bank of Cyprus (CBC) this week released a report showing that pure new credit granted by Cypriot banks in June rose to €343.6 million, representing an increase of 32 per ...

The Central Bank of Cyprus (CBC) has signed the European System of Central Banks (ESCB) equality, diversity, and inclusion Charter. The aim of the Charter, according to a press release ...

International rating agency S&P Global Ratings this week announced that it has affirmed its ‘B+/B’ long- and short-term issuer credit ratings for the Bank of Cyprus, maintaining ...

The Gloria Jean’s Coffee franchise in Cyprus will now be under new ownership, with the new owner being Lanitis Entertainment. This marks the end of C.C. Coffee Company’...

The Bank of Cyprus on Tuesday announced that it has been named as the ‘Best Bank’ in Cyprus for 2022 by finance magazine Euromoney. The bank said that the accolade comes ...

PwC Cyprus on Monday said that its specialised seminar on headquartering, titled ‘Headquartering in Cyprus: The why and the how’, attracted a great deal of interest. The seminar, which took ...

The Bank of Cyprus’ voluntary retirement plan, which recently received approval for the departure of 550 people at a cost of approximately €99 million, was described as credit positive in a report ...

Venus Minerals chairman and Euromines president Mark Rachovides on Friday said that the European Union must step up its domestic production of critical raw materials to accelerate the green energy ...

Embria, a Cyprus-based venture builder firm that founds, funds and grows startups from the ground up, on Thursday announced that it has provided a $500,000 seed investment in 10K Riders. “Investing ...

Cypriot banks see a tightening of lending criteria for the second quarter of 2022, due to the uncertainty related to Russia’s invasion of Ukraine, according to the Q1-22 Bank ...

The European Commission announced it received on Thursday the first payment request from Cyprus under the Recovery and Resilience Facility (RRF) for the disbursement of €85 million in financial support (net ...

Evgenios Evgeniou, chairman of the Cyprus Investment Promotion Agency, commonly referred to as Invest Cyprus, on Wednesday said that the country’s efforts to attract foreign companies have helped the ...

By Fergus O’Sullivan Yoloco is a platform that aims to revolutionize advertising. Headquartered in Limassol but with a team that spans the globe, the company has set its sights ...

The Central Bank of Cyprus on Wednesday released a report which showed that the outstanding amount of deposits in June reached €51.3 billion. Moreover, the report by the central bank also ...

Economic sentiment improved in July, the University of Cyprus’ Economic Research Centre said on Wednesday. In its monthly bulletin, the research centre says that in July 2022, economic sentiment in Cyprus ...

The Cyprus Securities and Exchange Commission has received the Great Place to Work® certificate. CySEC is the second public authority that has successfully completed the Great Place to Work® assessment, ...

Tryfon Tseriotis, a company that markets and distributes more than 40 local and international brands, on Tuesday announced that it will be providing its employees with additional days of annual leave ...

Startups4Peace (Su4P), an EU-funded innovative entrepreneurship project backed by the Finnish embassy, announced on Monday the launch of its programme for 2022. The programme is delivered in partnership with ...

The Bank of Cyprus on Monday announced that it has approved around 550 of its employees for the bank’s voluntary retirement scheme. The total cost of the implementation of the ...