Cyprus Business News

Cyprus’ real estate sector is exhibiting resilience and adjustability, Council for Registration of Real Estate Agents president Marinos Kineyirou said on Monday. However, Kineyirou warned that the market will become ...

Cyprus’ trade deficit reached €2.96 billion for the period between January and May 2022, according to provisional data released by the Cyprus Statistical Service (Cystat) on Monday. This represents an increase of ...

The Research and Innovation Foundation (Idek) on Friday announced the launch of a new call for proposals for the programme titled ‘Proof of Concept for Technology and Knowhow Applications’. The ...

President Nicos Anastasiades on Friday hailed the approval of Cyprus’ social cohesion policy programme Thalia 2021-2017, calling it a landmark moment in the country’s efforts to restructure and evolve ...

The Cyprus Statistical Service (Cystat) on Thursday announced that the number of building permits in April 2022 decreased by 10.7 per cent year-on-year. Building permits during this time fell to 560, down from 627 ...

President Nicos Anastasiades on Thursday met with EU Commissioner for Cohesion and Reforms Elisa Ferreira, with the latter travelling to Cyprus to announce the approval of the Cohesion Policy’s ...

Numerous stakeholders from the Cypriot business, research and academic communities examined the implementation and benefits of corporate sustainability at a conference held earlier this week at Hilton Nicosia. The conference, ...

Total new loans recorded an increase in May 2022, amounting to €362.9 million in total, according to a report released this week by the Central Bank of Cyprus. This has been primarily ...

Finance Minister Constantinos Petrides on Wednesday said that the government’s long-term economic strategy Vision 2035 is based on tangible actions and is designed to tackle the challenges that Cyprus will ...

The Deputy Ministry for Research, Innovation and Digital Policy on Tuesday announced that minister Kyriacos Kokkinos is taking part in the 26th Annual Economist Government Roundtable, which is taking place ...

Eurostat, the statistical office of the European Union, on Tuesday announced that there was a slight improvement in overall employment in the EU during the first quarter of 2022, when compared ...

Cyprus should implement firmer and more transparent means of protecting public health as it moves ahead with its gas exploitation programme, according to a study by the Cyprus University of ...

The Deputy Ministry of Shipping on Monday announced that minister Vassilios Demetriades is currently in Japan on an official visit. During his time in the country, the minister will hold ...

PwC Cyprus on Monday said that international investments are crucial to the Cypriot economy, something which was highlighted during the Invest Cyprus International Investment Awards. The event took place on ...

The Bank of Cyprus on Monday announced that it will implement a voluntary retirement scheme that will seek to reduce its staff by 15 per cent, which amounts to approximately 500-600 ...

Employment in the broad industrial sector decreased in 2020 by 1.5 per cent to 39,100 compared to 39,700 in 2019, according to the results of the Survey on Industrial Production 2020, published by the Cyprus Statistical ...

Hermes Airports on Friday said that it welcomes the decision by the EU Transport, Telecommunications and Energy Council and the Environment Council to adopt the proposals by Transport Minister Yiannis ...

The Central Bank of Cyprus released a report this week noting that the country’s international investment position (IIP) improved slightly at the end of the first quarter. In addition, ...

By Charles Ellinas The news is that the President requested a meeting with the ministers of energy and finance, the Cyprus Energy Regulation Authority (CERA) and the Electricity Authority of ...

The Cyprus Chamber of Commerce (Keve) on Thursday successfully held the fourth edition of the Cyprus Diplomat of the Year awards, with Kuwait ambassador Waleed Ahmad Al-Kandari receiving the titular ...

The amount of total deposits in the Cypriot banking system decreased in May, but still represented nearly double the amount of loans, according to a report released by the Central ...

The average gross monthly earnings of employees during the first quarter of 2022, amounted to €2,019 compared to €1,891 during the first quarter of 2021, according to a report released this week by the ...

Cyprus Union Of Shipowners president Andreas Hadjiyiannis on Wednesday hailed the recent decision by the European Parliament to approve shipping’s inclusion in the EU emissions trading system. The plan ...

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 ...