Cyprus Business News

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), ...

The solvency ratio of the Cypriot banking sector rose to 25.7 per cent in the first quarter of 2024, according to a report released this week by the Central Bank of Cyprus (...

The Cypriot economy continues to display remarkable growth and resilience in the face of a challenging global economic environment, Central Bank of Cyprus (CBC) governor Christodoulos Patsalides said on Monday. ...

The Bank of Cyprus on Monday announced a new reward programme for borrowers who have maintained timely payments on their home loans. According to a statement from the bank, the ...

The number of registered unemployed individuals remained stable in July 2024, according to a report released on Monday by the Cyprus Statistical Service (Cystat). According to the report, which utilised figures ...

The Cyprus Standards Organisation (CYS) and the European Institute of Management & Finance (EIMF) have recently signed a Memorandum of Understanding (MoU). The signing of the MoU aims to enhance ...

The Cypriot economy continues to display remarkable growth and resilience in the face of a challenging global economic environment, Central Bank of Cyprus (CBC) governor Christodoulos Patsalides said on Monday. ...

The Research and Innovation Foundation (RIF) on Monday announced the launch of its new pre-seed programme, with a total budget of €1.2 million, which aims to boost Cyprus’ startup ecosystem. According ...

The Paphos Chamber of Commerce and Industry (Evep) has welcomed the signing of an agreement between the Deputy Ministry of Tourism and a consortium that will move the Paphos marina ...

Here are the top business stories in Cyprus from the week starting July 29: Deputy Tourism Minister Kostas Koumis recently completed a tour of Limassol’s wine-producing regions, focusing on villages ...

Eurobank Cyprus generated a net profit after tax of €105.7 million in the first half of 2024, according to the bank’s financial results released on Friday. Specifically, the bank’s financial ...

Professor Soteris Kalogirou of the Cyprus University of Technology (Tepak) has been elected as a member of the Artificial Intelligence Industry Academy, according to an announcement by the university. Tepak ...

The value of cashless transactions in Cyprus reached €129 billion in the second half of 2023, with a total of 152 million transactions, reflecting an increase of 12 per cent and 15 per cent, respectively, ...

Low-cost carrier Wizz Air is set to launch a new route from Larnaca to Cairo on October 29, according to an announcement released on Friday. The airline said that “the new ...

Alpha Bank Cyprus announced on Friday that more than 4,000 of its borrowers received over €3 million in benefits through the bank’s reward programme. The programme, which ran from August 1, 2023, to ...

Inflation in Cyprus stood at 2.1 per cent in July, according to a report released this week by the state’s statistical service, disrupting an upward trend that had persisted since ...

Eurobank Cyprus generated a net profit after tax of €105.7 million in the first half of 2024, according to the bank’s financial results released on Friday. Specifically, the bank’s financial ...

Cypriot food producers aiming to increase their export volumes can now take advantage of a new initiative designed to establish a stronger presence in the United States market. Specifically, Rovshan ...

The Environment Department this week announced an extension of the application deadline for a grant scheme aiming to encourage businesses in Cyprus to reduce their gas emissions. According to the ...

Cyprus’ retail trade turnover, excluding motor vehicles, recorded a significant increase in June 2024, according to a report released this week by the Cyprus Statistical Service (Cystat). According to the report, ...

Eurobank this week posted an adjusted net profit of €732 million for the first half of 2024, an increase of 22.2 per cent year-on-year, while reported net profit stood at €721 million. In addition, ...