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...
Cyprus by the Numbers
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...
Cyprus Business Now
The Ministry of Energy, Commerce and Industry has announced that it has received 652 applications from pre-existing and newly formed manufacturing small-to-medium enterprises (SMEs) who...
Budget to allocate more than €3 billion for staff expenditures
The state budget for 2022 was handed over to parliament on Thursday, with the drastic reduction of the deficit being the key takeaway. More details...
Cyprus Business Now
Industrial Turnover showed a significant increase of more than 10 per cent in July 2021, but also in the first seven months of the year,...
Budget to drastically reduce deficit says minister
The 2022 state budget will feature a significant fiscal correction, after two years of high deficits, said finance minister Constantinos Petrides, while handing it to...
Gold deposits confirmed in Kokkinoyia
A series of exploratory drilling at Kokkinoyia, a mining area near Mitsero in the Nicosia district, has led to the confirmation of gold deposits in...
Cyprus Business Now
The Cyprus edition of 0100 Conferences will make its presence felt at the upcoming Reflect Festival in Limassol later this month. 0100 Conferences Cyprus will...
Cyprus Business Now
Limassol-based GP General Procurement Compan Limited (GenPro), a maritime and commercial procurement company, held its first annual Blue Day Sustainability Seminar in September. The seminar...
Lending criteria remain unchanged in 2nd quarter, demand for loans by households increases
Lending criteria to both businesses and households remained unchanged in the second quarter of 2021, but it is expected that they will become stricter in...
Cyprus Business Now
The Cyprus Shipping Chamber travelled to Brussels this week to participate in a conference hosted by the European Community Shipowner’s Association (ECSA). The Cypriot delegation...
Cyprus Business Now
Non-performing loans (NPLs) decreased by €142 million in June 2021, according to data released by the Central Bank of Cyprus. This decrease reflects a 2.8...
Cyprus sets sight on British market to attract investments
A delegation of Cypriot representatives travelled to London this week to promote Cyprus as a European jurisdiction in which investment funds and fund management companies...
Retail and tourism keep Cypriot economy on growth path
Buoyed by the tourism and retail sectors, the Cypriot economy continued to be on an upwards trajectory in August according to a report by the...
Cyprus Business Now
DP World Limassol used World Tourism Day to reiterate its commitment to further bolster the country’s cruise industry and turn the Limassol port into a...
Cyprus Business Now
The Bank of Cyprus’ BOC Asset Management (BOCAM) company has been awarded a contract to provide consultancy services to the Cyprus Telecommunications Authority (Cyta), as...
Cyprus Business Now
The Cyprus Shipping Chamber held its annual charity beach volley tournament in Limassol between September 19 and September 26. The tournament included the participation of...
Cyprus Business Now
The European Commission has approved a €2.7 million scheme by Cyprus to support small and medium-sized enterprises (SMEs) active in the agricultural and livestock production,...
Hellenic Bank ‘making solid progress towards strategic goals’, new CEO says
Despite the ongoing effects of the pandemic Hellenic Bank is still on course to meet its long-term objectives, its new CEO Oliver Gatzke said on...
Cyprus will use technology to boost visitor experience at Dubai Expo
Cyprus will be at the EXPO2020 world fair between October 1 2021 and March 31 2022 to share its history and cultural heritage with visitors,...
