Cyprus Business News

Alpha Bank Cyprus has announced the appointment of Michael Colakides as its new chairman of the board of directors. “The choice of Michael Colakides, who has served successfully in leadership ...

Paphos regional board of tourism (ETAP) and local hoteliers were in London this week to establish contacts at the World Tourism Market (WTM), which opened on Monday. The three-day travel ...

New consumer loans, mortgages and new loans above €1 million increased in September compared to the previous month of this year, data released by the Cyprus Central Bank, on Wednesday show. ...

The Cyprus government and the social partners (trade unions and industrialists and employers) held the first session of the Labour Advisory Body for the adoption of a minimum wage by ...

The Cyprus property market is suffering from a misalignment between what is primarily available and what is being sought after by property seekers, a report from independent real estate asset ...

Retail trade experienced a boom in Cyprus during August, both in terms of value and volume. According to data released by the Cyprus Statistical Service (Cystat), the Turnover Value Index ...

The government’s policy priorities remain the same despite the adverse effects of the coronavirus pandemic, Minister of Finance Constantinos Petrides said at the 7th International Funds Summit on Monday. “...

The Human Resources Development Authority (HRDA) of Cyprus has appointed a new director general, with Yiannis Mourouzides having taken over the position on November 1. The appointment was confirmed following a ...

As part of its Corporate Social Responsibility (CSR), Hellenic Bank emphasizes on sustainable practices and supporting ‘green’ initiatives and businesses. Cognizant of its responsibility to the environment and the community, ...

by Maria Demertzis “There’s a fundamental truth of the twenty-first century within each of our own countries and as a global community,” President Joe Biden told the United Nations ...

The Cypriot economy is expected to grow more than previously expected according to a report by the University of Cyprus Economic Research Centre. According to the report, Cyprus’ real GDP ...

The Beau Rivage Hotel in Larnaca has begun to be demolished, a process estimated to take somewhere between two and three months to be completed. As confirmed by NCH Managing ...

According to the Cyprus Statistical Service (Cystat), industrial production marked a year-on-year increase of 9.3 per cent in the period of January – August 2021. According to the Cystat data, the Industrial Production ...

Quant Insight (Qi), a new quantitative financial market analytics and trading insights provider, announced on Wednesday that it has opened its new headquarters in Limassol. The company also has offices ...

The total amount of non-performing loans (NPLs) decreased by approximately €8 million in July over the previous month. This has resulted in a reduction of the NPLs index to 17.4 per cent ...

The House justice committee on Wednesday started discussion on the establishment of a commercial and maritime disputes court, in a bid to speed up legal procedures and boost Cyprus’ prospects ...

Cyprus Chamber of Commerce and Industry president Christodoulos Angastiniotis has accused labour unions of making demands that are both unrealistic and unfeasible for businesses. “Unions must realise the severity of ...

Hellenic Bank has released new eco-friendly credit and debit cards made out of biodegradable material. Available since Monday, October 25, in Mastercard form, the new cards require 82 per cent less PVC (...

Approximately one in five (21 per cent) people in Britain have a foreign holiday booked at the moment, easyJet’s ‘Taking The Temperature’ report has revealed. Moreover, roughly a quarter of ...

The government of Egypt has confirmed the double tax treaty with the Republic of Cyprus. The confirmation came through Egyptian president Abdel Fattah Al-Sisi who ratified the agreement. The double ...

Attracting the who’s who of Cyprus’ business, financial and political landscapes, the 12th Limassol Economic Forum brought together renowned speakers from the global scene to explore the impact of ...

Finance Minister Constantinos Petrides said on Friday that the green transition will not be a painless process, highlighting the financial burdens it will likely incur on some sections of the ...

The Governor of the Central Bank of Cyprus Constantinos Herodotou said that financial literacy is a key element for a well-functioning economic system and thus a minimum requirement for sustainable ...

Cyprus and India reaffirmed the potential for further development and increased cooperation during the ninth Cyprus-India Intergovernmental Meeting on economic, scientific, technical and industrial partnerships held on October 21. The sectors ...