Cyprus Business News

The Ministry of Energy, Commerce and Industry on Tuesday said that over the last two years its grant schemes have exceeded €330 million in total funding. Of this amount, €171 million were ...

Huawei Cyprus on Tuesday announced that the European tour of the Huawei 5G Roadshow 2022 will also include Cyprus, with this year’s event being centred around how 5G networks can ...

Cyprus has a new growth model that can adapt to changing conditions, Finance Minister Constantinos Petrides said on Monday evening, speaking at an event organised by the Cyprus-American Chamber of ...

The Cyprus Fiscal Council on Friday said that it expects increased pressures on the macro economy for 2023, with forecasts slightly more unfavourable than those of the Ministry of Finance, in ...

The chairman of the Bank of Cyprus’ board of directors Takis Arapoglou this week proceeded with the purchase of 60,000 Bank of Cyprus shares. Based on stock market updates, the purchases ...

In 2021, the labour market slack, which comprises all people who have an unmet need for employment, amounted to 15.0 per cent of the extended labour force among people aged 15 to 74 years ...

The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, also known as Moneyval, on Friday released its latest report on Cyprus’ compliance with ...

Finance Minister Constantinos Petrides on Thursday addressed the first annual Financial Markets Forum, speaking on a number of issues, including recent economic developments, the evolution of the financial sector, growth ...

The Ministry of Energy, Commerce and Industry on Thursday announced that minister Natasa Pilides travelled to London on Wednesday in order to lead a mission representing Cyprus at a business ...

Cypriot mining company Venus Minerals board member and economic geologist Demetrios Constantinides earlier this week said that Cyprus can use modern tools to recover critical minerals from its mine tailings. ...

The Cyprus Shipping Chamber (Kne) held its monthly general meeting on Wednesday, during which it closely examined and discussed the eighth package of sanctions against Russia, as it is expected ...

Finance Minister Constantinos Petrides on Wednesday described the recent decision by the House of Parliament to suspend the foreclosure bill as “shooting ourselves in the foot”, noting that the only ...

State-owned asset management company Kedipes chairman Lambros Papadopoulos on Tuesday said that frequent interventions in the foreclosure framework will negatively affect the company’s ability to generate cash inflows. The ...

The Cyprus Shipping Chamber (Kne) this week released a statement in which it welcomes the publication of a review of Cyprus’ economic policy by the Centre for Economic Research of ...

The Cyprus Securities and Exchange Commission (“CySEC”) has warned investors about incidents of impersonation of its officers and representatives and of fake websites. According to a CySEC press release, it ...

Events and conference management firm the Emanuel Group on Tuesday announced that it will be hosting an event in Israel aiming to showcase Cyprus properties to the country’s domestic ...

The Cyprus Consumers’ Association on Monday released a statement on the upcoming Black Friday sale, calling on consumers to conduct thorough market research ahead of any purchases of potentially discounted ...

Limassol port management company DP World Limassol on Monday said that as part of its active support towards the month-long Movember Cyprus campaign a number of its male employees have ...

Cyprus’ trade deficit stood at €5.12 billion at the end of the period between January and August 2022, compared to €3.63 billion in the corresponding period of 2021, according to a report published on ...

Cyprus-based airline TUS Airways on Monday said that it completed the first direct flight between Israel and Qatar, a historic milestone in the relationship between the two countries. “This is ...

High labour costs and unhindered access to energy and raw materials are the main challenges expected to be faced by Cypriot businesses in 2023, based on the 30th annual edition of ...

One of the most promising biotech companies in Cyprus currently is Promed Bioscience. They produce collagen-based biomaterials including highly purified medical-grade atelocollagen among others. They have announced the closing of €800...

The law passed last week by the House set to freeze foreclosures until the end of January 2023 has a slew of interpretive issues, financial ombudsman Pavlos Ioannou said on Monday. ...

The world is moving towards renewable energy, such as PV, in an effort to limit climate change and offset dwindling and progressively more expensive and difficult to extract conventional (coal, ...