Cyprus Business News

The Cyprus Mail recently had the opportunity to sit down with Kostas Kontogiannis, the Chief Financial Officer of e-commerce platform and online marketplace Skroutz, in the context of the company’...

A new AI-powered assistant called Placy has been launched in Cyprus, aiming to transform the real estate sector, according to an announcement released on Thursday. The announcement noted that this ...

The Cyprus Consumer Protection Service this week announced that it has posted on its website a list of toys sold on the online marketplace and e-commerce site Temu, due to ...

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 ...

Net new loans in Cyprus increased by €20.9 million in April 2024, according to a report released this week by the Central Bank of Cyprus (CBC). Specifically, according to the report, net ...

The Central Bank of Cyprus released a report this week indicating a decline in deposit rates for April, while loan interest rates fluctuated across categories during the same period of ...

The Industrial Turnover Index in Cyprus decreased by 4.4 per cent in March of this year, when compared to March 2023, dropping to 132 units, with 2021 acting as the base year set at 100 ...

President of the Larnaca Hoteliers Association Marios Polyviou on Wednesday reported a slight decrease in tourist bookings in Larnaca compared to last year, noting that arrivals to the island are ...

The latest figures from the Cyprus Statistical Service (Cystat) reveal a significant decrease in the number of registered unemployed individuals in May 2024. Seasonally adjusted data shows a reduction of 2,198 people, ...

President of the Larnaca Hoteliers Association Marios Polyviou on Wednesday reported a slight decrease in tourist bookings in Larnaca compared to last year, noting that arrivals to the island are ...

Eurobank S.A. on Tuesday, June 4, announced the acquisition of 31,959 shares of Hellenic Bank Public Company Ltd from investment funds managed by Senvest Management LLC. According to the announcement, the ...

The first annual Golden Boomerang Awards 2024 took place in Cyprus over the weekend, celebrating the significant contributions to the iGaming industry by awarding heavyweight golden statuettes to eleven key participants. ...

The Cyprus Research and Innovation Foundation (RIF), Cyprus’ national funding agency for research, technological development, and innovation, continues to be a cornerstone in developing the country’s growing ecosystem. RIF ...

Consulting and advisory firm Deloitte Cyprus this week announced that it has expanded its leadership team with the appointment of three new partners effective from June 1, 2024. According to the announcement, ...

Cypriot firm Ask Wire, a real estate data analytics company, this week announced the successful completion of its equity extension round, securing funding to support its expansion into key European ...

Eurobank S.A. has announced that it now holds 55.3 per cent of the total issued share capital of Hellenic Bank. The bank revealed that it has submitted a Mandatory Public ...

The Cyprus Research and Innovation Foundation (RIF) on Tuesday announced a new funding initiative totalling €300,000, aimed at strengthening innovation support structures, including incubators and accelerators for start-ups. According to the ...

Eurobank S.A. has announced that it now holds 55.3 per cent of the total issued share capital of Hellenic Bank. The bank revealed that it has submitted a Mandatory Public ...

The capital markets team of Elias Neocleous & Co LLC has successfully assisted Premier Energy PLC in relation to the initial public offering (IPO) and listing on the Bucharest Stock ...

Cyprus’ flagship tech & startup festival, Reflect Festival, returned to Limassol, welcoming 9,000 entrepreneurs, investors, and tech enthusiasts in an ambitious new venue. Reflect Festival successfully wrapped up another edition fueled ...

The Cyprus Chamber of Commerce & Industry (Keve) on Tuesday announced the completion of the works aiming to upgrade its headquarters in Nicosia into a green building. This initiative aligns ...

Bernhard Schulte Shipmanagement has announced the appointment of Bjoern Sprotte as Chief People and Sustainability Officer to the Management Board, effective from June 1, 2024. Based in Limassol, Cyprus, and reporting directly ...

The return on equity for the Cypriot banking system after taxes reached 24.6 per cent at the end of 2023, compared to just 4.8 per cent at the end of 2022, according to a ...

The Cypriot economy grew by 3.4 per cent in the first quarter of 2024 compared to the same period in 2023, with the construction sector showing the largest increase at 10.2 per cent, according ...