Cyprus Business News

S&P Global Ratings has upgraded the long-term issuer credit rating of Bank of Cyprus Public Co. Ltd. (BoC) to ‘BBB-’ from ‘BB+’, reflecting improvements in the Cypriot banking ...

Cypriot banks have lowered their key interest rates, with expectations of further reductions throughout 2025, in response to decisions made by the European Central Bank (ECB), according to a report from ...

Here are the top business stories in Cyprus from the week starting February 3: Non-profit social venture and think tank CyprusInno, powered by SocialTech Lab, has successfully concluded the 2024 Academy for ...

Cyprus Stock Exchange (CSE) president Marinos Christodoulides, has called for greater state support for the exchange, saying that it has a critical role as a tool for economic and corporate ...

Following the publication by the EU of ‘Justice-focused approach key to effective energy poverty solutions’, energy poverty in Europe was again in the news last week. This is based on ...

Cyprus Stock Exchange (CSE) president Marinos Christodoulides, has called for greater state support for the exchange, saying that it has a critical role as a tool for economic and corporate ...

Deputy Shipping Minister Marina Hadjimanolis visited Doha from February 4 to 6, in a move to strengthen maritime ties, according to an announcement released on Friday. Invited by Qatar’s Minister of ...

The latest edition of the Supply Chain & Logistics Conference & Exhibition examined the crucial role of the supply chain in modern business, emerging trends, and new opportunities for improvement. ...

The Bank of Cyprus on Friday announced that it has introduced a new operational model for its branch network. According to the bank, this aims to enhance customer service through ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides praised the resilience of Cyprus’ economy in the face of global challenges on Thursday, during a monthly meeting of the Cyprus Shipping ...

The environment department has officially approved the expansion plans for both the Larnaca and Paphos international airports, it emerged on Thursday. The approval follows an agreement signed on December 23, 2024, extending ...

TechIsland, Cyprus’ largest tech association announced, as per the latest announcement, that payabl., a foremost European financial technology provider, will now serve as the Exclusive Community Partner of the TechIsland ...

The number of registered unemployed individuals in Cyprus decreased in January 2025, remaining close to the historic lows recorded in recent months. According to the latest report released by the state ...

Inflation in Cyprus rose by 2.5 per cent year-on-year in January, marking a slight slowdown compared to the 2.6 per cent recorded in December. According to the Statistical Service of Cyprus (Cystat), ...

The Institute of Certified Public Accountants of Cyprus (ICPAC) on Thursday released a statement congratulating Eleni Assioti on her appointment to the Small and Medium Practices (SMP) Advisory Group of ...

Despite the US threatening to impose new tariffs on European goods, Cyprus’ trade seems minimally affected at present, with exports to the US at €50 million and imports at €220 million. “At ...

Cyprus has long been a shipping powerhouse, but its role is evolving fast to meet the needs of the digital age, according to Christoph Stork, CEO of Cyprus-based bunker trading ...

The environment department has officially approved the expansion plans for both the Larnaca and Paphos international airports, it emerged on Thursday. The approval follows an agreement signed on December 23, 2024, extending ...

The Cyprus Chamber of Commerce and Industry (Keve), in collaboration with the German-Hellenic Chamber of Commerce and Industry and the German Embassy in Cyprus, is set to host a business ...

The Research and Innovation Foundation (RIF) this week announced its key funding calls for 2025, with a total budget exceeding €45.3 million. According to the foundation, the planned programmes aim to strengthen ...

Cyprus’ real estate market kicked off the new year with a 21 per cent increase in property sales, compared to the same month last year, primarily driven by Limassol’s record-breaking ...

Lending criteria for businesses and households in Cyprus remained unchanged during the third quarter of 2024, when compared to the previous quarter, according to the bank lending survey published by the ...

Cyprus betting revenues rose 13 per cent year-on-year during the third quarter of 2024, according to the National Betting Authority. The authority on Wednesday reported that total betting revenues from Class A (...

Lending criteria for businesses and households in Cyprus remained unchanged during the third quarter of 2024, when compared to the previous quarter, according to the bank lending survey published by the ...