Cyprus Business Now
The government of Egypt has confirmed the double tax treaty with the Republic of Cyprus. The confirmation came through Egyptian president Abdel Fattah Al-Sisi who...
Cyprus by the Numbers
Green transition deal will be painful for some warns minister
Finance Minister Constantinos Petrides said on Friday that the green transition will not be a painless process, highlighting the financial burdens it will likely incur...
Cyprus Business Now
The Governor of the Central Bank of Cyprus Constantinos Herodotou said that financial literacy is a key element for a well-functioning economic system and thus...
Cyprus Business Now
According to the Cyprus Statistical Service (CyStat), Cyprus’ trade deficit rose to €3.165.7 million for the period between January and July 2021, marking an increase...
Cyprus economic indicators stayed positive in September
Boosted by elevated business activity and the tourism sector, the Cypriot economy remains on a path of growth and recovery according to a report by...
Cyprus Business Now
American credit rating agency S&P has released a report affirming RCB Bank with a rating of “BB-” with a stable outlook. RCB Bank’s long and...
Cyprus Business Now
Cyprus’ residential property price indexes plateaued somewhat during the second quarter of 2021 according to data released by the Central Bank of Cyprus. The indexes...
Cyprus Chamber of Commerce: ‘significant reforms necessary to attract foreign companies’
The Cyprus Chamber of Commerce and Industry (CCCI), in collaboration with a number of economists, has prepared a study on the Cypriot economy and what...
Cyprus Business Now
The Federation of Environmental Organisations in Cyprus (Opok) has welcomed the launch of the government’s seven-year plan to help promote the circular economy in Cyprus,...
Price increases and socioeconomic repercussions
By Andreas Charalambous and Omiros Pissarides Following the prolonged period of subdued inflation, discussions are currently focusing on the evolution of prices, given their serious...
Measuring the informal economy: one guesstimate is as good as another
By George M. Georgiou According to Eurostat’s data browser, Cyprus’ real per capita GDP in 2020 was €23.050, which is about 87 per cent of...
Startups shine at Reflect Festival
Aspiring unicorn ventures, meaning startup companies reaching a valuation of $1 billion, took centre stage on the second day of the Reflect Festival in Limassol....
Cyprus Business Now
Bank of Cyprus’ Director of Compliance Division Marios Skandalis said that the coronavirus pandemic has given businesses an opportunity to reshape their long-term strategies to...
Technology will help shipping become greener and more efficient
Deputy Minister of Shipping Vasilis Demetriades stressed the importance of digital technology for the maritime sector during his speech at the CSN Cyprus Shipping ICT...
State-owned KEDIPES cash collections exceed €1 billion after three years of operation
Cash collections of the Cyprus Asset Management Company (KEDIPES) reached €95.2 million in the second quarter of 2021 with total cumulative cash collections since KEDIPES...
‘Information technology can drive GDP growth in Cyprus’
Over the past few years, there have been concerted efforts to grow Cyprus’ technology sector, with Deputy Minister Kyriacos Kokkinos recently announcing that additional incentives...
Cyprus Business Now
Cypriot consumers will be paying the domestic rate of VAT when purchasing goods online following the implementation of six pieces of legislation by the House...
Shipping sector continues to be on growth path says president (updated)
Cyprus’ connection to the sea is fundamental for both the nation and its economy, Deputy Minister of Shipping Vasilis Demetriades said on Tuesday presenting the...
IMF revises upwards its forecasts for growth of the Cypriot economy
The International Monetary Fund revised upwards the growth rate of the Cypriot economy, compared to its forecasts for last April. According to the World Economic...
Recovery plan to help GDP grow by 16.5 per cent
The Cyprus Investment Funds Association (CIFA), supported by Invest Cyprus, organised and ran an online workshop explaining the intricacies of the EU Recovery and Resilience...
