Cyprus Business News

Rating Agency DBRS Morningstar on Wednesday slashed Cyprus’ baseline growth rate by 0.7 per cent for 2022, citing a deteriorating outlook following Russia’s invasion of Ukraine. In its updated sovereign baseline ...

Cyprus’ Central Bank on Tuesday hailed the adoption by the Cabinet of the report of an ad hoc committee on financial literacy, saying that this is a step forward for ...

The CFA Society Cyprus on Tuesday announced the successful completion of its forum on the future of the Cypriot economy. CFA Society Cyprus, which boasts more than 120 members, is the ...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday announced that it successfully held an event addressing the Indian business community of the United Kingdom. The event, which took ...

The economic sentiment in Cyprus deteriorated in July, pushed downwards by weaker business confidence in services, industry and retail trade. The Economic Sentiment Indicator (ESI) compiled by the University of ...

Shipping Deputy Minister Vassilios Demetriades on Monday flew to Lisbon to attend the UN Ocean Conference taking place in the city, co-hosted by the Kenya and Portugal governments. A press ...

Eliza Livadiotou, Executive Director Finance and Legacy at Bank of Cyprus, speaks exclusively with Cyprus 4.0 about the bank’s history, achievements, sustainability strategy, and significant role in the country’s ...

Earlier this year, MUFG Investor Services, the asset servicing arm of one of the largest global banks in terms of assets, announced its intention of setting up a new operational ...

The Association of Large Developments (Sma) on Friday said that Cyprus should strive to become an international development and business centre, noting that large projects have been the cornerstone of ...

The Cyprus Statistical Service (Cystat) on Friday released its latest tourism report showing that 315,018 tourists arrived in Cyprus in May 2022, a 212.3 per cent year-on-year increase. The number of arrivals stood ...

The digital transformation of businesses is much more than a website, an e-shop or a mobile app. First and foremost, it involves changing our mindset and rethinking from scratch how ...

The Institute of Certified Public Accountants (Selk) on Thursday submitted a six-part plan to further develop the Cypriot economy and businesses. “Maintaining the strength of our economy does not depend ...

By Yiannis Seitanidis EU sanctions against Russia are having a negative impact on businesses in Cyprus, with closures and redundancies as a consequence, according to the European Sanctions Affecting People ...

Finance Minister Constantinos Petrides told attendees at a SEK trade union conference that Cyprus is entering a new era “where the only certainty is uncertainty”. During his speech, the Finance ...

The Cyprus economy and competitiveness council on Wednesday recommended the establishment of a new deputy ministry for the environment and sustainability. The recommendation for the creation of a new deputy ...

The cabinet of ministers this week approved a bill amending the income tax law so that the existing tax exemption for the amount of investment in an approved small-to-medium innovative ...

The Cyprus Ports Authority (Alk) on Wednesday said that the commercialisation of the Larnaca port has been one of the most important events that took place in the Cyprus maritime ...

Zavos Group chief executive Michalis Zavos this week said that Limassol is experiencing a surging demand in rental properties, with office space being particularly sought after. “The problem lies in ...

Shipping companies are transforming rust buckets into gold mines in a modern-day alchemy that could fuel already rampant inflation for years to come. The disruption to world trade caused by ...

State-owned asset management company Kedipes announced on Monday that it repaid €100 million in state aid during the second quarter of the current year. Following the latest tranche, Kedipes’ state aid ...

RCB Bank on Monday announced that the sale of Tranche B of its performing loan portfolio to Hellenic Bank has been successfully completed. This follows the original statement released on ...

The Cyprus Chamber of Commerce and Industry on Monday announced that the UCLan Cyprus University has signed a Memorandum of Understanding (MoU) with the Cyprus Commercial Representatives Association (CCRA). The ...

Limassol Chamber of Commerce and Industry (Evel) president Andreas Tsouloftas on Thursday expressed optimism about Limassol’s prospects, despite the challenges posed by high inflation and the war in Ukraine. ...

Alphamega Hypermarkets CEO George Theodotou earlier this week told attendees at the Cyprus Grocery Retail conference that the sector is currently facing unprecedented challenges. The executive explained that soaring inflation, ...