Cyprus Business News

Cyprus’ trade deficit for the first half of 2024 narrowed to €3.57 billion, down from €4.47 billion in the corresponding period of 2023. According to a report released on Friday by the Cyprus Statistical ...

Hellenic Bank on Friday reaffirmed its commitment to sustainability through a number of actions and initiatives outlined in its 2023 sustainability report. The report provides an in-depth look at the bank’...

The Cyprus Chamber of Commerce and Industry (Keve) this week released a statement emphasising the strategic importance of the Cyprus-Europe electricity interconnection through Greece, highlighting its significance both for Cyprus ...

The total number of registered vehicles in Cyprus between January and July 2024 increased by 16.6 per cent, when compared to the same period in 2023, according to a report released this week ...

The Bank of Cyprus (BoC) on Thursday announced a profit after tax of €270 million for the first six months of 2024, marking a 23 per cent increase compared to the same period ...

Leading European PayTech payabl. on Thursday announced its official membership in the Association of Cyprus International Financial Firms (ACIFF), describing it as a “significant milestone in its journey to further ...

Cyprus’ Fiscal Council on Thursday released its mid-year report for 2024, delving into the country’s economic performance so far, and flagging up areas of strength and vulnerability. In addition, the ...

The Larnaca Regional Tourism Board (Etap) on Thursday said that it is continuing to intensify its efforts this year under its action plan, which focuses on ecological improvements and enhancing ...

The Cyprus Chamber of Commerce and Industry (Keve) this week said that there is an urgent need to modernise state pavilions and streamline procedures to enhance Cyprus’ presence at international ...

The Bank of Cyprus (BoC) on Thursday announced a profit after tax of €270 million for the first six months of 2024, marking a 23 per cent increase compared to the same period ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced the imposition of administrative fines totalling €740,000 on the Cyprus Investment Firm (CIF) Exelcius Prime Ltd. CySEC chairman George Theocharides said ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced the imposition of administrative fines totalling €740,000 on the Cyprus Investment Firm (CIF) Exelcius Prime Ltd. CySEC chairman George Theocharides said ...

Building permits issued in Cyprus increased by 8.5 per cent during the period from January to May 2024, compared to the same period in 2023, according to a report released on Wednesday by ...

The Famagusta branch of the Cyprus Hoteliers Association (Pasyxe) and the Famagusta Regional Tourism Board (Etap) this week unveiled their new online campaign titled ‘Live Unforgettable Moments’. The launch event ...

The mandatory public offer for the acquisition of up to 100 per cent of the issued share capital of Hellenic Bank Public Company Limited, submitted on June 4, 2024, has been completed, according ...

The sharp decline in international stock indices earlier this week served as a reminder of the fragile economic balance on the global stage, according to economist Tassos Yiasemides. Speaking to ...

The Paphos Regional Tourism Board (Etap) this week announced the conclusion of its latest campaign aimed at attracting domestic tourists. The board said that this initiative, which has received support ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced the launch of the Shorewinner project. This initiative, Keve explained, is aligned with the European Green Deal, and seeks ...

The Transport Ministry on Tuesday reported a slight increase in passenger traffic at Cyprus’ Larnaca and Paphos airports for July 2024. However, the situation looks better when considering the entirety of ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday published its new rules on digital customer onboarding through the release of a Policy Statement (PS-01-2024). According to the commission, ...

The Transport Ministry on Tuesday reported a slight increase in passenger traffic at Cyprus’ Larnaca and Paphos airports for July 2024. However, the situation looks better when considering the entirety of ...

The Central Bank of Cyprus (CBC) has made an upward revision to its GDP growth forecast for 2024, adjusting the projected growth rate to 3 per cent, an increase of 0.2 percentage points ...

The Research and Innovation Foundation (RIF) on Tuesday announced a new €6 million funding programme aimed at fostering collaboration between businesses and research organisations across Cyprus. According to a RIF statement, ...

Cyprus’ Industrial Turnover Index reached 133.8 points in May 2024, with 2021 acting as the base year, set at 100 points. According to a report released this week by the Cyprus Statistical Service (Cystat), ...