Finance ministry: economic growth expected in 2021
As is the case with the global and European economies, the course of the Cypriot economy continues to greatly depend on the pandemic but despite...
Cyprus by the Numbers
Cyprus Business Now
Cyprus telecommunications company Cablenet has renewed its broadcasting and sponsorship agreement with Nicosia club Apoel, a statement announced on Tuesday. “Apoel is pleased to announce...
Cyprus Business Now
Central Bank of Cyprus governor Constantinos Herodotou said on Monday that he is seeking ways to expedite banks’ client digital onboarding and reviewing processes, with...
Cyprus Business Now
RCB Bank CEO Kirill Zimarin earlier this week presented the bank’s new Nicosia Banking Centre, in conjunction with his thoughts on the banking sector, explaining...
Banks must evolve to compete with Fintechs, Herodotou says
Banks need to rethink their business model to be able to better compete with financial technology (fintech) companies, Central Bank of Cyprus governor Constantinos Herodotou...
Cyprus Business Now
The total sales of motor vehicles decreased by 9.4 per cent year-on-year between January and November of 2021, according to a report by the Cyprus...
13 million budget for Research and Innovation Foundation programmes
The Research and Innovation Foundation (RIF) unveiled on Wednesday three new programmes of a total budget of €13 million, in the framework of Cyprus` recovery...
Branch and employee reduction a necessity, Hellenic Bank CEO says
The future sustainability of the banking sector in Cyprus hinges on cutting costs for banks, including through the closure of branches and the downsizing of...
Cyprus Business Now
The University of Cyprus announced on Wednesday that it has signed a partnership agreement with the Cyprus Marine and Maritime Institute (CMMI). The partnership will...
Limassol property sales hit €6.3bn in last 5 years
Property sales across three major Limassol municipalities exceeded €6.3 billion in value over the past five years, a report from independent real estate asset management...
Cyprus Business Now
The Bank of Cyprus has become the first bank in Cyprus to set up a dedicated management unit for technology companies that relocate to the...
Total new loans down by €72.6 million in October, Central Bank says
Total new loans granted by Cyprus’ banks decreased by € 72.6 million in October 2021, compared to the previous month, mainly due to the significant...
Cyprus Business Now
According to a report released by the Cyprus Statistical Service (CyStat) this week, Cyprus’ GDP growth rate in real terms during the third quarter of...
‘Yes to reforms, no to minimum wage’, Chamber of Commerce says
Chamber of Commerce and Industry president Christodoulos Angastiniotis expressed ‘strong reservations and concerns’ about the potential introduction of the minimum wage in Cyprus on Wednesday,...
Cyprus Business Now
Business activity in the accommodation and food services sector has increased significantly, rising by 84.1 per cent in the third quarter of 2021, according to...
Bank of Cyprus posts €19 million third-quarter profit
The Bank of Cyprus has posted an after-tax profit of €19 million for the third quarter of 2021, with after-tax profit reaching €20 million for...
Hellenic Bank sees €21 million after-tax profit
Hellenic Bank said Tuesday it has posted an after-tax profit of €21 million for the first nine months of 2021, as net interest income rose...
Cyprus Business Now
Space Hellas, a technology solutions company operating in the fields of information technology, telecommunications and security, saw a consolidated turnover of €62.4 million during the...
Employment rate in third quarter of 2021 at 60.3 per cent
The employment rate in the third quarter of 2021 stood at 60.3 per cent compared to 57.7 per cent in the same quarter of 2020,...
Cyprus Business Now
Regulatory reporting firm Point Nine has announced a partnership with US company FIS, looking to bolster its ability to provide trade and transaction reporting services...
