Cyprus Business News

Cyprus’ trade deficit reached €4.98 billion in the January-August period, down 18.5 per cent compared to €6.12 billion in the same timeframe last year, according to a report by the Cyprus Statistical Service (...

By Rita Beyrouthy As the financial landscape evolves, with technology and digital finance shaping how investors access markets, it is important to focus on how these innovations can empower and ...

Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, has told banks to take into account both the social aspect and the enhancement of the competitiveness of the economy ...

The total number of registered motor vehicles in Cyprus rose by 13.2 per cent in the January-September 2024 period, reaching 38,819, compared to 34,280 during the same period last year. According to the Cyprus ...

Cyprus recently achieved international recognition by winning the “Destination Award” at the Routes World Airline Conference, held in Bahrain from October 6 to 8. As Cyprus’ reputation for excellence in air connectivity ...

Paphos is pushing forward with a €195,000 digital advertising campaign this October, targeting key tourist markets across Europe to boost visibility and attract more visitors. Local tourism board Etap said this ...

At the opening of the Women in STEM Cyprus Forum in Limassol, Commissioner for Gender Equality Josie Christodoulou, acknowledged Cyprus’ progress on gender equality, despite ranking 21st among the 27 EU ...

Cyprus won the “Destination Award” at the Routes World Airline Conference, held in Bahrain from October 6 to 8, as its global reputation in air connectivity grows, the deputy Ministry of Tourism ...

On his first official visit to Hellenic Bank since Eurobank Group’s acquisition, CEO Fokion Karavias underscored his commitment to providing tangible support, accompanied by deputy CEO Stavros Ioannou. During ...

The CEO of the Eurobank Group, Fokion Karavias, stressed his commitment to practically supporting Hellenic Bank, on his first visit, since Eurobank took it over. He was accompanied on his ...

The general government surplus in Cyprus surged by €469.9 million for January-August 2024, reaching €1.36 billion or 4.3 per cent of GDP. This total contrasts with the €898.5m (3.0 per cent of GDP) for the ...

Executives from Cyprus’ banking and real estate sectors met Monday to discuss aligning remittance rules with European standards and guidelines. The meeting between executives of the Cyprus Land and Building ...

Deputy minister of tourism Costas Koumis said that urgent joint actions were needed to safeguard Mediterranean coasts and seas and maintain their allure, at a ministerial meeting in Messinia, Greece, ...

RAVATAR made a debut during the European Researchers’ Night 2024 in Nicosia, unveiling its AI-powered hologram of Marie Curie. The innovative showcase demonstrated how artificial intelligence can transform the way we ...

Agriculture Minister Maria Panayiotou, sang the praises of Athienou village as she reaffirmed the government’s commitment to developing Cyprus’ rural economy by strengthening rural businesses and communities. Speaking at ...

Environment commissioner, Antonia Theodosiou, said the government was committed to the financial support of the wine industry. Speaking at the Afamia – Grape Festival in Koilani, of behalf of the president, ...

PwC Cyprus is announcing the launch of PwC’s Academy Business Professionals Certificate (BPC) this October. Developed in partnership with the Institute of Chartered Accountants in England and Wales (ICAEW), ...

Tech firms have warned that soaring rents for offices – higher in some cases than in London and Amsterdam – were threatening Cyprus’ ambition to become a tech hub. The rising cost ...

Here are the top business stories in Cyprus from the week starting September 30 The European Researchers’ Night, under the motto “Mission Possible,” drew thousands of visitors to the Cyprus State ...

The rate of inflation in Cyprus hit a three-year low of 0.7 per cent in September, mainly due to the fall in oil prices. According to the Cyprus Statistical Service (Cystat), ...

The Chief Scientist for Research, Innovation and Technology of Cyprus, Demetris Skourides, attended the 8th Annual Meeting of the European Forum for Medical Advancement (EFMA) in Limassol, Cyprus. In his ...

The number of bounced cheques dropped to a paltry 23 in September, with a total value of €72,185, according to the preliminary list issued by the Central Bank of Cyprus (CBC). Specifically, ...

A delegation of the Cyprus Chamber of Commerce and Industry (Keve) was in Qatar this week, to discuss a range of issues including energy, infrastructure, technology and tourism. Led by ...

Deloitte Cyprus has issued its 13th Transparency Report, covering the period from June 1, 2023 to May 31, 2024. This report presents the firm’s reflections on the 2024 financial year, offering valuable insights and ...