Cyprus Business News

Cyprus-based alternative investment fund Cyreit has announced the sale of Irida Tower, a multi-storey commercial building in Larnaca. The fund, a subsidiary of Prodea Investments, said that it is offering ...

By Nestor Fylaktos Recently the Cypriot electricity system has made it a habit to curtail a significant portion of solar Photovoltaic (PV) generation during daylight hours, to the irritation of ...

Cybersecurity has evolved from being a luxury to becoming a strategic priority for organisations, according to Minos Georgakis, Director of Advisory Services at PwC Cyprus. In a recent piece of ...

Cyprus has received a credit rating upgrade from Morningstar DBRS, which raised the country’s long-term foreign and local currency issuer ratings from BBB (high) to A (low), maintaining a ...

Here are the top business stories in Cyprus from the week starting March 17: The Cyprus International Businesses Association (CIBA) has sent a letter to Finance Minister Makis Keravnos, raising a ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Friday highlighted the country’s economic transformation in recent years, while also outlining the challenges that lie ahead. Speaking at a ...

Deputy Minister of Shipping Marina Hadjimanolis attended the European Shipping Summit (ESS) this week, where she underlined the need to enhance competitiveness and inclusivity within European shipping. The event, held ...

CarVal Investors has further reduced its stake in the Bank of Cyprus, marking another significant divestment by the American investment fund. According to an announcement by the bank, CarVal has ...

Hermes Airports on Friday announced that it has successfully concluded the financing arrangements for the Phase 2 development projects at both Larnaca and Paphos airports. All necessary agreements with the financing ...

The Central Bank of Cyprus (CBC) and the European Stability Mechanism (ESM) on Friday hosted a high-level conference with the Cypriot economy at the heart of discussions. Specifically, the conference ...

Concerns were escalated in Parliament regarding the accessibility of ATMs for elderly residents in mountainous and other remote areas, who are forced to travel between villages to withdraw cash. This ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Friday highlighted the country’s economic transformation in recent years, while also outlining the challenges that lie ahead. Speaking at a ...

The Cyprus University of Technology (Tepak) has signed a cooperation protocol with the National Documentation Centre (EKT) of Greece, strengthening ties and knowledge exchange between the two institutions. The signing ...

The environment department has given the green light to a €22 million high-rise building set to be constructed along the Limassol coastline. The proposed building, to be developed by by P....

The Bank of Cyprus has announced a new share buyback transaction as part of its ongoing repurchase programme. According to a statement issued on Friday, the bank acquired a total ...

Public-private partnerships (PPPs) can lead to major investment opportunities and change the development landscape to the benefit of both the government and private organisations, according to Invest Cyprus CEO Marios ...

The Cypriot government on Thursday announced new measures aimed at increasing housing availability and stabilising property prices. Specifically, Interior Minister Konstantinos Ioannou outlined a series of policy changes during this ...

The Cyprus Stock Exchange (CSE) council has officially ratified the decision to suspend trading of shares belonging to Salamis Tours (Holdings) Public Ltd. This decision, taken under Article 184 of the ...

The Cypriot government on Thursday announced new measures aimed at increasing housing availability and stabilising property prices. Specifically, Interior Minister Konstantinos Ioannou outlined a series of policy changes during this ...

Local government reform and its impact on land development took centre stage at the19th property development, construction conference and exhibition, presented by Exness on Wednesday. A roundtable discussion, moderated ...

The Cyprus Association of Research and Innovation Enterprises (CARIE) has put forward a number of proposals for enhanced tax incentives and relief measures for innovative businesses. These proposals were submitted ...

The Cyprus Employers and Industrialists Federation (Oev) this week participated in a tripartite social summit for growth and employment in Brussels. The Oev delegation was led by its president Antonis ...

CarVal Investors, a prominent investment fund, has further reduced its stake in the Bank of Cyprus, decreasing its shareholding from 4.99 per cent to 3.07 per cent, according to a report from ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday highlighted that the rapid evolution of technology has transformed the financial sector, reshaping how investors and consumers manage their money. Specifically, ...