Cyprus by the Numbers

Inflation jumped to 7.1 per cent, the highest level in 26 years, in March 2022, on an annual basis, according to data released by the Cyprus Statistical Service earlier this week. This is ...

The Paphos regional board of tourism (Etap) this week announced that it participated in the inaugural meeting for the U-Mar Project, in Sicily, as part of the actions of the ...

Revenues from tourism in the first month of 2022 exceeded €28 million, with the rate of decline in revenue compared to the pre-pandemic era, meaning January 2020, remaining lower than the corresponding rate ...

The value of Total Assets under Management reached €11.6 bn in the fourth quarter of 2021, recording a minor decrease of 0.2 per cent compared to the third quarter of 2021, according to the ...

PwC Cyprus Director of Technology Advisory Services Minos Georgakis on Tuesday said the pandemic accelerated companies’ digital acceleration, forcing organisations to adapt to the new normal. Georgakis differentiated between the ...

The Central Bank of Cyprus on Monday said that the coronavirus outbreak in Cyprus, exacerbated by the emergence of the Omicron variant, led to a sudden tightening of business loan ...

Belarusian video game company Wargaming, which has its headquarters in Cyprus, announced on Monday that has decided to cease the ownership or operation of any businesses in both Russia and ...

Cyprus’ government deficit fell to €465 million at the end of the previous year, reflecting a reduction of €463.87 from 2020, according to a financial report released by the treasury this week. The ...

The Cyprus Shipping Chamber (CSC) this week welcomed the proposed transfer of the Cyprus Port Authority to Limassol, saying that the city is the key representative of the shipping industry ...

The Bank of Cyprus on Thursday announced that, as part of its efforts to enhance security through technological solutions, will now notify its customers by push notifications and not by ...

Cypriot telecommunications company Cyta on Wednesday announced the start of operations on the Arsinoe optical fibre subsea cable system. “Arsinoe strengthens the role of the organisation and, by extension, Cyprus ...

The Paphos regional board of tourism (Etap) announced on Tuesday that it is currently hosting 25 tourism industry stakeholders, including agents and journalists, from Jordan. The initiative, which is conducted in ...

Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides was appointed in the position of Chairman of the Committee for Economic and Markets Analysis (CEMA) of the European Securities and ...

BUX, a European digital financial services company, announced on Wednesday the appointment of Jean-Raphael Nahas as new Managing Director of its Cyprus CFD operations, following the hiring of online brokerage ...

SMEunited, the association of Crafts and SMEs in Europe, which has around 70 member organisations from over 30 European countries, including the Cyprus Chamber of Commerce and Industry (Keve), on Tuesday announced ...

Fitch Ratings announced that it has affirmed Cyprus’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook. The credit ratings agency said that Cyprus’ rating is ...

RCB Bank on Tuesday announced that it has agreed to the sale of a performing loan portfolio to Hellenic Bank, including any related funds on the accounts belonging to the ...

Hellenic Bank announced on Monday the successful completion of a conference it held during the previous week to support small-to-medium-sized enterprises (SMEs), with participants having had the opportunity to share ...

The Cyprus Investment Promotion Agency (Invest Cyprus) on Friday announced that its national stand had a great presence at one of the most important European real estate exhibitions, MIPIM (Marche ...

The Research and Innovation Foundation (Idek) on Thursday announced a new funding programme called Collaborative Development – Co-Develop, seeking to bring together Cyprus’ research community with local industry. The programme, aimed ...

State-owned asset management company Kedipes announced on Thursday the launch of a new voluntary retirement scheme (VRS) in order to reduce the number of its employees, which the company considers ...

The Cypriot economy continues to grow, showing improvement over the performance of the previous year, but external factors are contributing to a loss of momentum, according to a report by ...

Director-General of the Ministry of Finance George Panteli, who represented Cyprus at the EU Economic and Financial Affairs Council (Ecofin) which ended yesterday in Brussels, said on Wednesday that sanctions ...

Cypriot company Tototheo Maritime, a leading maritime technology integrator and provider, announced on Tuesday that it has been appointed as the official distributor and service partner for marine technology manufacturer ...