#business

Paphos solidified its position on the global tourism map in 2024, Deputy Minister of Tourism Kostas Koumis said during this week’s general meeting of the Paphos regional tourism board (Etap). ...

Both deposit and lending interest rates in Cyprus recorded a decline in April 2025, according to data released this week by the Central Bank of Cyprus (CBC). At the same time, ...

Cyprus is no longer considered a country with macroeconomic imbalances, according to the European Commission’s 2025 Spring Package under the European Semester. This decision follows a sustained reduction in vulnerabilities ...

PwC Cyprus this week recognised the outstanding academic achievements of three ACA trainee accountants during a special award ceremony held at the PwC Experience Centre. The event was attended by ...

Public and private sector collaboration can create a driving force that ‘transforms challenges into opportunities and vision into action’, chairman of the Cyprus Property Developers Association Yiannis Misirlis said during ...

Cyprus is no longer considered a country with macroeconomic imbalances, according to the European Commission’s 2025 Spring Package under the European Semester. This decision follows a sustained reduction in vulnerabilities ...

Revenues from betting activity in Cyprus maintained their upward momentum in 2024, surpassing €1.2 billion and confirming the sector’s continued expansion, according to financial results published by the National Betting Authority (...

The number of registered unemployed persons in Cyprus stood at 7,378 at the end of May 2025, according to data released on Wednesday by the Cyprus Statistical Service (Cystat). However, based on ...

Hotel occupancy in Cyprus was slightly down in May, compared to the same month last year, according to the president of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides. However, overall ...

The shareholders of Cypriot beverage company KEO plc approved a series of key resolutions during the company’s annual general meeting held this week, according to a submission on the ...

Greek retail group Jumbo reported a strong rise in store sales across Cyprus and Greece in May 2025, reflecting a gradual rebound after a slower start to the year due to ...

Cyprus and Greece have agreed to step up cooperation in research and innovation, following high-level talks in Athens between senior officials from both countries. The meeting brought together Theodoros Loukaidis, ...

The Cyprus Innovation Awards 2025, organised by the Employers and Industrialists Federation (Oev), have been approved for inclusion in the official programme of the European SME Week. The European SME Week ...

Cyprus is expected to experience a decline in both rental and property purchase prices in the coming years, President Nikos Christodoulides announced this week. Speaking at a dinner hosted by ...

The Research and Innovation Foundation (RIF) this week announced that it has secured an additional €7.5 million in funding for the new “Open Access Research Infrastructures” programme. This initiative, the foundation ...

Deloitte Cyprus on Tuesday announced the appointment of two new partners, effective from June 1, 2025, marking an expansion of its leadership team. According to the announcement, Nicholas Theofilou has been promoted ...

The number of mortgages approved by British lenders for house purchase fell more than expected in April to their lowest in over a year as the market adjusted to higher ...

The expansion in Saudi Arabia’s non-oil private sector activity quickened in May, driven by accelerated growth in new orders, while business confidence also strengthened, a survey showed on Tuesday. ...

Eurozone inflation eased below the European Central Bank’s target last month on surprisingly benign services costs, underpinning expectations for further policy easing even as global trade tensions fuel longer-term ...

Cyprus Airways and Air India on Tuesday announced the signing of a new interline agreement, aiming to enhance connectivity and travel options for passengers of both airlines. According to the ...

Cyprus recorded a further decline in its unemployment rate in April 2025, according to data published by Eurostat this week. The rate fell to 3.7 per cent, down from 4.1 per cent in ...

The president of the Employers’ Group Stefano Mallia and the head of the Employers’ Group at the European Economic and Social Committee (EESC) of the European Union Fulvio Bianconi visited ...

Leading European financial technology provider payabl. on Tuesday announced the launch of its Virtual Business Cards service. According to the announcement, the new service enables real-time card issuance, customisable limits, ...

Cyprus recorded robust economic and fiscal performance in 2024, according to the International Monetary Fund (IMF). The IMF referenced Cyprus’ 4.3 per cent budget surplus and a reduction of public debt to 65 ...