Cyprus Business News

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. ...

Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis on Thursday. Tannousis addressed an international audience at the 10th ...

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. ...

Greek retail chain Jumbo Group reported robust sales growth for the first ten months of 2024 at its recent shareholder briefing. This was driven by strong demand in key markets and ...

Association of Cyprus Banks head Michalis Kammas met with six organisations representing elderly people this week, according to an official announcement. The meeting allowed them to discuss the challenges elderly ...

Hellenic Bank has announced its intention to repurchase existing Convertible Capital Securities 1 and 2 (CCS 1, CCS 2) valued at nearly €130 million. The buyback, expected to save the bank approximately €13 million in annual ...

The Cyprus government recorded a reduced deficit of €39 million in the second quarter of 2024, marking a sharp improvement from the €260.8 million deficit reported for the same period last year. This ...

Cyprus saw a significant rise in beer deliveries from local factories in October, both in the domestic market and especially in exports. According to a report from the Cyprus Statistical ...

Hellenic Bank on Wednesday reported a profit after tax of €284 million for the first nine months of 2024, marking a 28 per cent increase from the same period last year. “During the ...

Sklavenitis Cyprus has finalised its acquisition of Papantoniou Supermarkets, following approval from the Commission for the Protection of Competition. The deal solidifies Sklavenitis’ position as a major supermarket chain on ...

The average gross monthly salary for employees in Cyprus reached €2,363 in 2023, reflecting a 7.3 per cent increase from 2022, according to the Cyprus Statistical Service. This follows a 7.1 per cent increase in 2022, ...

The Central Bank of Cyprus (CBC) hosted a special session on Wednesday with various local business associations, according to an official announcement. The session focused on the digital euro’s ...

Passenger traffic at Cyprus’ Larnaca and Paphos airports rose by 7.14 per cent in October 2024 compared to the same month in 2023, according to the Transport Ministry. This increase supports projections that 2024 ...

Apartments remained the driving force behind Cyprus’ real estate market during the third quarter, despite overall signs of stabilisation, according to the RICS Cyprus property price index. The index, created ...

Hellenic Bank on Wednesday reported a profit after tax of €284 million for the first nine months of 2024, marking a 28 per cent increase from the same period last year. “During the ...

Cyprus is participating in the World Travel Market (WTM) conference in London this week, joined by nearly 55 co-exhibitors at the ExCel exhibition centre. According to an announcement by the Deputy ...

Financial services provider payabl. on Wednesday announced that it has appointed Marios Tsiailis as its new group chief financial officer (CFO). According to the announcement, Tsiailis has “a strong track ...

National investment promotion agency Invest Cyprus and TechIsland, Cyprus’ largest tech association, on Wednesday announced the signing of a memorandum of understanding (MoU). According to the announcement, the agreement aims ...

By Pavlos Loizou, CEO of Ask Wire  The real estate industry has long been known for its slow adoption of technology. Despite the significant advancements in PropTech—offering everything from ...

The Cyprus Borrowers Association (Syprodat) has issued a call for comprehensive government measures to address the rising cost of living, urging action that benefits all citizens without distinctions or limitations. ...

United Arab Emirates energy giant Abu Dhabi National Oil Co has expressed interest in Cyprus’ emerging natural gas sector, Energy Minister George Papanastasiou has said. “They expressed interest in the ...

The number of registered unemployed individuals in Cyprus saw a 15.7 per cent decrease in October 2024 compared to the same month last year, according to a report from the Cyprus Statistical ...

The value of bounced cheques in Cyprus plummeted by 65 per cent in the period from January to October 2024, according to a report released this week from the Central Bank of ...

Intership Navigation and Interorient Shipmanagement on Tuesday announced that they have merged to form InterMaritime Shipmanagement. The new entity, which will include Intership’s sister company Donnelly Tanker Management, will ...