Cyprus Business News

Cyprus and Greece must focus on sustainability to enhance their tourism offerings, according to Deputy Tourism Minister Costas Koumis. Speaking at the 2nd Cyprus-Greece Business Forum on Wednesday, Koumis underlined ...

European authorities this week confirmed Cyprus’ financial and economic stability in their 17th post-programme surveillance mission. The latest report, released on Tuesday from the European Commission, European Central Bank (ECB), ...

Energy infrastructure company VTTI celebrated ten years of operations in Cyprus, marking a decade as a key player in the Eastern Mediterranean energy market. The milestone was highlighted in an ...

The board of the World Federation of Tourist Guide Associations (WFTGA), led by its president, Sebastian Frankenberger, is currently in Cyprus to advance international training programmes and discuss industry developments. ...

CFA Society Cyprus this week highlighted a series of initiatives led by its president Nikos Potamaris, following the election of its new board of directors in July of this year. ...

Fitch Ratings projects limited fiscal improvement across European countries, citing uneven adjustments in debt reduction and growth trajectories. However, the agency mentioned that Cyprus continues to stand out with a ...

TechIsland, is delighted to announce that payabl., a global leader in fintech innovation, has become one of the association’s Donors. payabl. has been one of TechIsland’s earliest members ...

Fitch Ratings projects limited fiscal improvement across European countries, citing uneven adjustments in debt reduction and growth trajectories. However, the agency mentioned that Cyprus continues to stand out with a ...

Cyprus showcased a range of traditional products at the 7th China International Import Expo in Shanghai, offering free samples of juices, wine, commandaria, zivania, and halloumi. The event, held from ...

Eurobank, already holding a majority stake in Hellenic Bank, is set to complete a full acquisition in a deal worth approximately €1.2 billion, making it one of the largest cash transactions ...

The Pancyprian Cooperative Promotion Society unveiled its roadmap for establishing a new nationwide cooperative bank during a Monday evening event in Limassol, under the theme of ‘One for all and ...

Eurobank is set to raise its stake in Hellenic Bank to 93.47 per cent following agreements to acquire shares from Demetra Holdings Plc and Logicom Services Limited. The bank announced on ...

Cyprus’ real estate market remains robust, with transactions reaching €2 billion by mid-2024, despite ongoing global uncertainty, according to a report released on Monday by Delfi Partners & Company. “Supported by ...

The Cyprus-Austria Business Forum was a success, with more than 60 bilateral meetings taking place, according to an announcement by the Cyprus Chamber of Commerce & Industry (Keve). Held on November 21 ...

The Cyprus Composite Leading Economic Index (CCLEI), recorded an annual increase of 1.8 per cent in October 2024, according to the University of Cyprus’ Economics Research Centre (CypERC), This marks a continuation ...

Eurobank is set to raise its stake in Hellenic Bank to 93.47 per cent following agreements to acquire shares from Demetra Holdings Plc and Logicom Services Limited. The bank announced on ...

The Cyprus Financial Literacy and Education Committee (CyFLEC) has marked substantial advancements in the implementation of the national strategy for financial literacy, according to an announcement released on Monday. The ...

Andrew Frost on the future of privacy and Cyprus’ tech potential Andrew Frost Moroz, founder of Aloha Browser, is a seasoned innovator with over two decades of experience in mobile ...

Here are the top business stories in Cyprus from the week starting November 18: Hellenic Bank on Monday announced a reduction of its key interest rate by 21 basis points, effective from ...

Energy Minister George Papanastasiou on Friday expressed his hope that American multinational oil and gas corporation ExxonMobil’s decision to begin drilling for natural gas in block 5 of Cyprus’ Exclusive ...

Cyprus and Greece have announced a joint €2 million funding call aimed at strengthening cooperation in research, innovation, and technology, according to an official announcement released this week. This initiative, spearheaded ...

Cyprus-based Anymaster, a service marketplace that connects clients with local service providers, has successfully raised €350,000 in funding, allowing it to expand to Athens, Greece. “Already operating in four major cities ...

The Central Bank of Cyprus (CBC) on Friday reported that 94 per cent of loans held by credit acquisition companies were categorised as non-performing (NPLs) as of June 30, 2024. The report indicates ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced its adoption of the European Banking Authority’s (EBA) guidelines on governance for issuers of asset-referenced tokens (ARTs). These guidelines, ...