Cyprus Business News

The Bank of Cyprus (BoC) on Tuesday reported a profit after tax of €401 million for the first nine months of 2024, representing a 15 per cent increase year-on-year. According to the bank’...

Mortgage interest rates for new housing loans in Cyprus remained high during September 2024, despite the declining trend in rates set by the European Central Bank (ECB). According to a report ...

The downward trend of non-performing loans (NPLs) in Cyprus continued in August 2024, with an additional €15 million decrease. According to a report released on Tuesday from the Central Bank of Cyprus (...

Cyprus is gaining momentum as a filming destination, supported by strategic efforts from Invest Cyprus to draw high-profile productions to the island. According to the investment promotion agency, the are 13 ...

The Bank of Cyprus (BoC) on Tuesday reported a profit after tax of €401 million for the first nine months of 2024, representing a 15 per cent increase year-on-year. According to the bank’...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday released a public invitation to professional trainers who want to participate in EULEP’s Train-the-Trainers (TtT) sessions. EULEP refers to ...

Hellenic Bank and bankers’ union Etyk have signed a new collective agreement, according to an official announcement released on Monday. “This agreement brings to an end a prolonged period of ...

Cyprus on Monday showcased its prospects as an investment destination at the 8th annual investment conference organised by the UK-Cyprus Enterprise Council in London. The conference also examined the opportunities ...

Cyprus’ trade deficit narrowed to €5.6 billion for the first nine months of 2024, down from €6.78 billion in the same period of 2023, according to a report from the Cyprus Statistical Service (Cystat). ...

The total number of government employees in Cyprus reached 54,884 in October 2024, according to a statistical service report released on Monday. This figure marks a significant year-on-year increase, largely due to ...

Hellenic Bank and bankers’ union Etyk have signed a new collective agreement, according to an official announcement released on Monday. “This agreement brings to an end a prolonged period of ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced that it will host a Ugandan delegation, in the context of Agritrade Uganda’s visit to Cyprus, for a ...

Two in three Cypriots place a high priority on adapting to climate change, according to the European Investment Bank’s (EIB) annual climate survey. “Climate change is an undeniable reality ...

The total number of registered vehicles in Cyprus increased by 11.5 per cent during the January-October period of 2024, reaching 42,930, compared to 38,503 in the same period of 2023, according to a report from ...

Here are the top business stories in Cyprus from the week starting November 4: Cyprus and Egypt are set to deepen maritime collaboration through a joint commission established during Deputy Shipping ...

Passenger traffic at Cyprus’ Larnaca and Paphos airports increased by 7.14 per cent in October 2024 compared to October 2023, according to the Transport Ministry. The ministry said this resulted in record traffic ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday issued a warning regarding a rise in fraudulent activity. The latest spate of incidents involves individuals posing as CySEC officers to ...

The International Propeller Club of the United States has recognised Cyprus-based shipping companies for their participation in the US Coast Guard’s Automated Mutual-Assistance Vessel Rescue (AMVER) programme. The ceremony, ...

Better regulations and improved transparency are necessary for the development of the fixed-income market, according to Societe Generale’s Elina Asimakopoulou. Asimakopoulou, who works as a senior cross asset execution ...

The PwC Cyprus Foundation on Friday announced a strategic sponsorship collaboration with Cyprus Seeds. Cyprus Seeds is a private, non-profit organisation whose mission is to support the commercialisation of innovative ...

Inflation in Cyprus dropped to a three-year low of 0.6 per cent in October, mainly due to falling petroleum prices, according to a report from the Cyprus Statistical Service (Cystat). Still, ...

Eurobank’s third-quarter results mark a significant milestone as the bank fully integrates Cyprus’ Hellenic Bank for the first time since acquiring a majority stake, said Eurobank CEO Fokion Karavias. “...

Passenger traffic at Cyprus’ Larnaca and Paphos airports increased by 7.14 per cent in October 2024 compared to October 2023, according to the Transport Ministry. The ministry said this resulted in record traffic ...

Hellenic Bank and the union representing its employees, Etyk, have finalised a new collective agreement, based on the preliminary accord reached in April 2023 with the mediation of the Labour Minister. ...