Cyprus Business News

A significant share of Cypriot wealth continues to languish in low-interest bank deposits, despite alternative investment options, according to senior investment specialist at Athlos Capital Phanos Vladimirou. He also attributed ...

New home sales in Cyprus reached €1.9 billion during the first nine months of 2024, according to a report from Nicosia-based firm Landbank Analytics. According to the report, this figure represents a 25 ...

Here are the top business stories in Cyprus from the week starting October 14: Rising interest rates, which have resulted in increased borrowing costs, have weighed heavily on mortgage demand in ...

The Construction Materials Price Index recorded a slight decrease on an annual basis for September 2024, according to data from the Cyprus Statistical Service. The index reached 117.27 points during this time, ...

The Deputy Ministry of Tourism on Friday outlined the need to address long-standing challenges in the tourism sector, in order to maximise its performance and boost the Cypriot economy. Initiatives ...

Cyprus’ gross domestic product (GDP) in nominal terms (current prices) reached €31.34 billion in 2023. This marks a growth rate of 6.5 per cent, according to the major revision of national accounts for 1995–2022 ...

The Deputy Ministry of Tourism on Friday outlined the need to address long-standing challenges in the tourism sector, in order to maximise its performance and boost the Cypriot economy. Initiatives ...

Fiscal Council president Michalis Persianis on Friday raised concerns over the growing trend in consumer loans, which, according to him, are being granted easily by some banks without collateral. He ...

Cyprus advanced its space ambitions as the Cyprus Space Research and Innovation Centre (C-SpaRC) recently showcased key developments in its space programme. The Cyprus Space Exploration Organisation (CSEO) described C-SpaRC ...

Businesses in Cyprus are strengthening their cybersecurity measures in anticipation of the European Union’s network and information security directive (NIS 2). The new directive comes into effect across all 27 EU ...

The number of tourists arriving in Cyprus reached 509,463 in September 2024, up from 487,350 in September 2023. This marks an increase of 4.5 per cent year-on-year, according to the Cyprus Statistical Service (Cystat). For ...

Dr. Silvio Walser, Product Manager of Digital Product, Bank of Cyprus: “A guide for young people on their journey towards financial independence” Financial literacy skills, such as budgeting, saving, and ...

The Cyprus Mail’s Souzana Psara caught up with Cyprus-based marketing agency CAPSBOLD’s PR Director Olga Loktionova at the Elevate Summit 2024 in Limassol, where they discussed how branding, influencer ...

The number of tourists arriving in Cyprus reached 509,463 in September 2024, up from 487,350 in September 2023. This marks an increase of 4.5 per cent year-on-year, according to the Cyprus Statistical Service (Cystat). For ...

Cyprus’ harmonised inflation rate decelerated to 1.6 per cent in September 2024, matching the rate recorded in March of this year, which was the lowest recorded during the past 33 months. This figure ...

Aegean Airlines this week announced the launch of a new direct route connecting Cyprus to Rome, effective from April 2025. According to the announcement, the new service will operate from Larnaca ...

The CFA Society Cyprus this week reaffirmed its commitment to promoting professional networking and excellence within the island’s financial community during its first post-summer member event. In an official ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday announced that it will no longer accept new applications for registration of Crypto-Asset Service Providers (CASPs). This decision is in line ...

The Pancyprian Cooperative Promotion Company is seeking a contractor to prepare a prospectus and issue shares as part of its roadmap to establish a “new small cooperative bank”, it emerged ...

The Pancyprian Cooperative Promotion Company is seeking a contractor to prepare a prospectus and issue shares as part of its roadmap to establish a “new small cooperative bank”, it emerged ...

Darefore, a KV Fund I portfolio company and leader in cycling and sports technology, has teamed up with world-renowned triathlete Matt Hanson to inspire athletes globally.   Through innovative posture-tracking tools ...

Young scientists from Cyprus were celebrated by the Research and Innovation Foundation (RIF) at the 18th European Researchers’ Night for their exceptional communication skills and imaginative entries across various science ...

The Cyprus Borrowers Association (Syprodat) has criticised the government for what it describes as a series of contradictory actions that are negatively affecting citizens. In a strongly worded statement released ...

Hong Kong investor and entrepreneur Balram Chainrai has submitted a proposal to acquire up to 100 per cent, with a minimum of 76 per cent, of the issued share capital of the ...