Technology can fuel growth and create jobs in Cyprus
The technology sector can become the Cypriot economy’s main source of growth while offering quality professional career opportunities to young Cypriots, a study by the...
Cyprus by the Numbers
Cyprus to assume gas forum presidency
The Minister of Energy, Commerce and Industry Natasa Pilides will assume the presidency of the East Mediterranean Gas Forum on January 1, 2022, taking over...
Cyprus Business Now
The Cyprus University of Technology (Tepak) announced on Friday that it has managed to achieve significant savings in the total amount of property rents it...
Cyprus Business Now
The CEO of DP World Limassol, Nawaf Abdulla, took part in a panel discussion as part of DP World Group’s CARGOES Digital Trade Flow event,...
Cyprus economy still impacted by pandemic, improvement expected, European Commission says
Economic activity started recovering from the sharp recession as of the first half of 2021, driven mainly by domestic demand, although tourism activity still remains...
Cyprus Business Now
The Minister of Agriculture Costas Kadis said that the Department for the Environment is applying great efforts to inform all stakeholders about the LIFE programme...
Cyprus Business Now
Port workers at the Eurogate Container Terminal Limassol and DP World Limassol participated in a one-hour work stoppage on Tuesday, November 23. According to a...
Cyprus Business Now
The Cyprus Integrity Forum (CIF), an independent, non-profit and non-governmental organisation, signed on November 15 a memorandum of understanding with fellow non-profit organisation Oxygono. The...
Cyprus Business Now
Tourist arrivals reached 391,638 in October 2021, reflecting an increase of 288.6 per cent year-on-year, according to data released by the Cyprus Statistical Service (Cystat)...
Cyprus Business Now
Inflation in Cyprus reached 4.4 per cent during October of this year, according to the European statistical service (Eurostat). Cyprus’ inflation figure is slightly above...
Cyprus economy recovering ‘faster than expected’, credit rating agency says
Cyprus’ economy is recovering at a swifter rate than previously thought, with real GDP on track to reach pre-pandemic levels by the fourth quarter of...
Cyprus IT services market value surpassed €100 million this decade
The Cypriot IT services market exceeded €100 million in total value this decade, reaching €113.16 million in value during the previous year, a rise of...
Cyprus Business Now
The Cyprus Ministry of Finance said on Wednesday the economy’s performance during the third quarter of 2021 reaffirm the resilience of the economy and bode...
Cyprus Business Now
Cyprus Deputy Minister for Tourism Savvas Perdios said that the current level of tourist arrivals has been deemed satisfactory. Tourist arrivals between January and October...
Banking digitisation urgently needed says Hellenic CEO
The digitisation of banking services is ‘not an option, but an urgent need’, the Hellenic Bank CEO Oliver Gatzke said on Monday at The Economist’s...
Cyprus Business Now
The cabinet has decided to increase the government subsidy for the ferry connection between Cyprus and Greece by €500,000 due to the rise in fuel...
Bank of Cyprus brings NPL ratio down to single digits
The Bank of Cyprus announced on Monday that it had successfully completed the sale of a non-performing loans (NPLs) portfolio with a gross book value...
Cyprus labour market shortage in numbers
The Cyprus Employers and Industries Federation (OEB) has released the results of a study revealing the true labour needs of Cypriot businesses. The study takes...
Cyprus economic recovery continues despite property market cooldown
The recovery of the Cypriot economy remains on an upward trajectory, with most indicators boding well for future growth, according to a report by the...
Cyprus Business Now
My Mall Limassol, Cyprus’ third-largest shopping centre, will see Israeli involvement in its ownership structure, with 46 per cent of its shares due to be...
