Cyprus Business News

Cyprus is excelling in the fields of research and innovation, according to Deputy Minister of Research, Innovation, and Digital Policy Nikodimos Damianou. Damianou this week visited the Cyprus Institute, where ...

Eurobank on Monday, June 10, purchased an additional 503,934 shares in Hellenic Bank at a total cost of €1.29 million, increasing its stake to 55.42 per cent, with this purchase being made at €2.56 per ...

Fiscal Council president Michalis Persianis on Monday issued a series of recommendations and suggestions to the Interior Minister, following an analysis of the fiscal impact expected from the local government ...

Cyprus experienced an increase of 9.4 per cent in beer sales in May, compared to the same month of the previous year, reaching 4,682,575 litres in total, a result of a rise ...

Cyprus’ trade deficit for the period spanning January to April 2024 stood at €2.45 billion, a significant reduction from the €3.16 billion recorded in the corresponding period of the previous year, according to ...

Hellenic Bank actively supports various initiatives to enhance financial literacy, including the ‘Financial Alphabet’ programme, the final event of which was hosted at the bank’s headquarters in Nicosia. According ...

Total registrations of motor vehicles in Cyprus experienced a decrease of 9.6 per cent year-on-year in May of this year, dropping to 4,292 vehicles from 4,747 in May 2023, according to a report released ...

President of the Famagusta Hoteliers Association (Pasyxe) Panayiotis Constantinou remains cautiously optimistic about the future of tourist bookings in the Famagusta district, despite the challenging circumstances currently plaguing the tourism ...

Restaurants and bars in Cyprus saw their attendance increase to 75 per cent of their overall capacity during May, according to Neophytos Thrasyvoulou, president of the Federation of Leisure Centre Owners (...

Fiscal Council president Michalis Persianis on Monday issued a series of recommendations and suggestions to the Interior Minister, following an analysis of the fiscal impact expected from the local government ...

Limassol-based shipping company Columbia Shipmanagement (CSM) is boosting its operations in the Middle East with the opening of a new office in Dubai, according to an official announcement. This move ...

Here are the top business stories in Cyprus from the week starting June 3: The European Central Bank (ECB) has made a notable policy shift by reducing interest rates for the ...

The European Central Bank’s (ECB) decision to cut interest rates by 0.25 per cent on Thursday is expected to have a positive impact on the Cypriot economy, Professor Sofronis Clerides, ...

Deputy Minister of Shipping Marina Hadjimanolis on Thursday, during her visit to Athens, highlighted the importance of cooperation, compliance, and the implementation of international law to strengthen a resilient maritime ...

The number of building permits issued in Cyprus increased by 3.3 per cent year-on-year for the period of January to March 2024, with the value of these permits rising to €0.73 billion, marking ...

The European Central Bank’s (ECB) decision to cut interest rates by 0.25 per cent on Thursday is expected to have a positive impact on the Cypriot economy, Professor Sofronis Clerides, ...

The European Central Bank (ECB) on Thursday cut interest rates for the first time in five years, a significant move amidst a backdrop of economic uncertainty. The ECB lowered its ...

Limassol port management company DP World Limassol held a blood drive this week, with the event serving a dual purpose, according to an official announcement released on Friday. Firstly, the ...

Eurobank has received approval from the European Central Bank (ECB) to distribute a cash dividend of €342 million, equivalent to €0.0933 per share, according to an official announcement released this week. The ...

Invest Cyprus recently spotlighted Cyprus’ potential as a major business hub at the prestigious Island Conference and Reflect Festival held in Limassol, both of which took place on May 30-31, ...

KeelX, an innovative maritime software provider based in Limassol, this week announced the signing of an official partnership with Veracity, the leading maritime emissions cloud by internationally accredited registrar and ...

Cyprus’ Deputy Minister of Tourism Kostas Koumis visited London this week, where he held a series of meetings with major tourism organisations and airlines to discuss the outlook for British ...

Chief Scientist Demetris Skourides recently attended a ceremony at NASA headquarters in Washington DC in order to witness the Cypriot team “Brute Force” receiving the highest accolade at the esteemed ...

Cyprus’ Consumer Price Index (CPI) experienced an increase to 117.84 units in May of this year, up from the 117.09 units recorded in April, according to a report released on Thursday by ...