Cyprus Business News

Here are the top business stories in Cyprus from the week starting January 27: The Limassol Chamber of Commerce and Industry (Evel) has called for a comprehensive and environmentally conscious approach ...

Kyndryl, the world’s largest IT infrastructure services provider, with a presence in Cyprus, hosted a well-attended event on Thursday, January 23, 2025, focusing on IT readiness and modernisation.  Themed “Navigating IT ...

The Bank of Cyprus on Friday announced that it has responded to the European Central Bank’s (ECB) interest rate reduction decisions, lowering its reference rate for loans linked to ...

Economic sentiment in Cyprus experienced a slight downturn in January 2025, with the Economic Sentiment Indicator (ESI-CypERC) decreasing by 0.6 points compared to December 2024. According to the Economics Research Centre of the ...

Parliament has approved the Cyprus Stock Exchange (CSE) budget for 2025, with 35 votes in favour and two abstentions. The budget is expected to run at a deficit of approximately €1.88 million. Specifically, ...

The Central Bank of Cyprus (CBC) has set the reference interest rate at 11.5 per cent, following the authority granted under Article 314A of the Criminal Code, Cap. 154. This new rate ...

Deputy Shipping Minister Marina Hadjimanolis is set to travel to the Sultanate of Oman on Saturday, February 1, according to an announcement released on Friday. This visit comes following an official ...

There was a 5.4 per cent increase in average gross monthly earnings for Cyprus employees in the third quarter of 2024, reaching €2,351, compared to €2,230 in the same period of 2023, according to the ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday published a consultation paper setting out plans for financial entities regulated under DORA to pay an annual ICT oversight fee and ...

The Bank of Cyprus on Friday announced that it has responded to the European Central Bank’s (ECB) interest rate reduction decisions, lowering its reference rate for loans linked to ...

Finance Minister Makis Keravnos on Friday expressed satisfaction with the European Central Bank’s (ECB) decision to further reduce key interest rates by 0.25 per cent. In a written statement, Keravnos ...

Cyprus’ Research & Innovation Foundation (RIF) on Friday announced that the country’s startup ecosystem has been acknowledged for its progress in recent years. Specifically, Cyprus received the “Best Worldwide ...

Hellenic Bank senior general manager Stephanos Kassianides has highlighted the crucial role of a robust banking system in fostering business initiatives and economic growth. Speaking during a business event in ...

“Cyprus is not just an economic miracle; it’s a resilient, flexible, and forward-looking economy,” according to Stavros Ioannou, Deputy CEO of Eurobank. Speaking at a recent conference in Athens, ...

Greek companies are increasing their investments in Cyprus, drawn by its strategic location, stable economy, and access to Middle Eastern markets.   With over 1,500 Greek-affiliated companies operating in sectors such as ...

Optimism is growing about Cyprus’ potential to attract more foreign direct investment (FDI), despite a decline from an annual average of €5.7 billion between 2018 and 2021 to €4.8 billion in 2022 and €4.2 billion in 2023. ...

Cyprus’ industrial production index dropped by 4.9 per cent in November 2024, compared to the same month in 2023. Specifically, the index stood at 102.7 points, using 2021 as the base year set at 100 points, ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday hosted the plenary meeting of the International Organisation of Securities Commission’s (IOSCO) European Regional Committee (ERC) in Nicosia. The ERC ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday hosted the plenary meeting of the International Organisation of Securities Commission’s (IOSCO) European Regional Committee (ERC) in Nicosia. The ERC ...

CFA Society Cyprus and the Cyprus Compliance Association (CCA) have announced the signing of a memorandum of understanding (MoU). According to the announcement, this aims to “elevate transparency and professional ...

Logistics and tech company BOX NOW, which has set new standards in last-mile delivery across Greece, is also rapidly expanding into Cyprus. With substantial backing from Emma Capital Group, BOX ...

Affordable cities are gaining momentum in real estate as shifting work trends and rising demand reshape the market landscape, according to Ask Wire CEO and co-founder Pavlos Loizou. In a ...

Cyprus saw a substantial increase in loans in December 2024, with a rise of €503.2 million following a decrease the previous month, according to the Central Bank of Cyprus (CBC). At the ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced the launch of a new initiative to bolster the Cyprus Stock Exchange (CSE). The commission explained that the aim is ...