Cyprus Business News

New loans in Cyprus rose in October, mainly due to increased corporate borrowing over €1 million, which experienced the sharpest drop in lending rates, according to the Central Bank of Cyprus (...

The turnover value index for transport and storage in Cyprus grew by 2 per cent in the third quarter of 2024, reaching 145.1 units, according to the Cyprus Statistical Service (Cystat). Annual growth ...

Administrative, support, and real estate services in Cyprus performed well during the third quarter of 2024, according to the latest services turnover value index report.  Specifically, according to the Cyprus Statistical ...

The number of registered unemployed individuals in Cyprus dropped by 12.4 per cent in November 2024, compared to the same month a year earlier, according to the Cyprus Statistical Service (Cystat). Data ...

Invest Cyprus on Wednesday announced that it has concluded a successful mission to Saudi Arabia. The mission, the agency said, will help facilitate future collaborations, supporting the country’s objective ...

Cyprus on Wednesday showcased its advantages as a tax destination during a gathering in London, highlighting benefits for high-net-worth individuals amid UK tax reforms. The event, titled ‘Non-Doms: The Cyprus ...

Cyprus achieved record-breaking tourism results in 2024, according to Deputy Minister of Tourism Costas Koumis. Speaking at the annual general assembly of the Association of Cyprus Travel and Tourism Agents (ACTA), ...

Cypriot businesses have accelerated their digital transformation efforts in 2024, according a study on the use of information and communication technologies (ICT) and e-commerce. Conducted by the Cyprus Statistical Service (Cystat), ...

Playgama, a game tech platform with a presence in Cyprus, announced on Tuesday that it raised $3 million in a funding round led by The Open Platform and s16vc. The ...

Cypriot businesses have accelerated their digital transformation efforts in 2024, according a study on the use of information and communication technologies (ICT) and e-commerce. Conducted by the Cyprus Statistical Service (Cystat), ...

GDEV Inc., a global gaming company based in Limassol, reported a 5 per cent quarter-on-quarter revenue increase for Q3 2024, reaching $111 million. However, revenue was down 9 per cent compared to the same ...

The European Commission is considering extending state-owned Cyprus asset management company Kedipes’ business plan until 2030, as outlined in the EU’s 17th Post-Programme Surveillance Report. The extension reflects recent performance ...

The global payments landscape is poised for transformative growth in 2025, driven by a surge in digital wallets and open banking adoption, according to a survey by payabl., a European financial ...

Anymaster founder Diana Verkhoturova recently gave an interview to Forbes magazine, detailing the Cypriot start-up’s ambitious plans to establish a strong presence in Greece. Founded in 2023 in Limassol, Anymaster ...

The Cyprus Real Estate Agents Registration Council has voiced strong opposition to a proposed amendment to the Lawyers’ Law of 2024. If passed, the amendment would grant lawyers exclusive authority to ...

The unemployment rate in Cyprus decreased to 4.5 per cent of the workforce in the third quarter of 2024, according to a report published on Monday by the state’s statistical service. ...

Bernhard Schulte Shipmanagement (BSM), a third-party ship manager headquartered in Limassol, is gearing up for the FuelEU Maritime regulation, which comes into effect in 2025. The company has a fleet of ...

Limassol led Cyprus’ high-value real estate market in October, driving €34.6 million in top property sales, according to real estate analytics firm Ask Wire. The district recorded four of the ten ...

Cyprus Chief Scientist Demetris Skourides, joined by High Commissioner Nikos Panayiotou, concluded a week of strategic meetings in Singapore, strengthening partnerships and exploring AI policy frameworks to position Cyprus as ...

The unemployment rate in Cyprus decreased to 4.5 per cent of the workforce in the third quarter of 2024, according to a report published on Monday by the state’s statistical service. ...

Cyprus is well prepared for the new EU crypto assets regulation, ushering in a new era on January 1, 2025, the Cyprus Securities Commission assured President Nikos Christodoulides on Monday. Presenting CySec’...

The Cypriot economy’s growth rate for the third quarter of 2024 is positive, estimated at 3.9 per cent compared to the same quarter in 2023, according to a report by the Cyprus ...

Black Friday delivered a small lift to retail sales in Cyprus, as a drop in temperatures and end-of-month deals encouraged shoppers to buy winter clothing, according to industry stakeholders. However, ...

Paphos mayor Phedonas Phedonos has urged Cypriot businesses to adopt a more international, export-oriented approach, saying that the island can become a starting point from which they can sell products ...