#business

The Bank of Cyprus on Thursday announced a reduction in its reference lending rate by 0.25 percentage points, responding directly to the European Central Bank’s latest rate cut. As of ...

The European Central Bank cut interest rates for the seventh time in a year on Thursday, looking to prop up an already struggling euro zone economy that will take a ...

Cyprus recorded a slight drop in tourist arrivals in March 2025, while maintaining a strong overall increase for the first quarter of the year, according to a report released on Thursday ...

Demetra Holdings on Thursday reported robust financial results for the year ending December 31, 2024, with net profit for the group reaching €132.46 million, corresponding to 66.23 cents per share. This marks a substantial ...

The Bank of Cyprus announced on Thursday that it repurchased a total of 281,147 of its ordinary shares between April 11 and April 16, 2025, as part of its ongoing €30 million share buyback programme. ...

The outlook for Cyprus’ tourism sector appears slightly brighter this year, with early bookings for the first half of 2025 showing a better trend than the same period in 2024, according to ...

The Cyprus Securities and Exchange Commission (CySEC) has announced regulatory action against members of the board of Itrade Global (Cy) Ltd, following findings of non-compliance with the Investment Services and ...

The Association of Large Investment Projects recently held a meeting with the Honorary Consul of Cambodia in Cyprus Salah Essa. According to an announcement released on Thursday, the meeting formed ...

Former Shipping Deputy Minister Vasilis Demetriades has been elected president of the Cyprus International Business Association (CIBA), during its general assembly held in Limassol this week.  According to a statement ...

The real estate sector remains resilient amid escalating global trade tensions and the onset of a trade war, according to Andreas Christophorides, CEO of Landbank Group. As uncertainty spreads across ...

The Cyprus Securities and Exchange Commission (CySEC) this week issued a strong warning to investors regarding a number of unauthorised websites that are not licensed to offer investment services or ...

Senior executives from Amazon have arrived in Cyprus as of Tuesday, marking a significant step in follow-up discussions stemming from recent high-level meetings between the Cypriot government and major US ...

The Institute of Certified Public Accountants of Cyprus (ICPAC) took an active role in supporting Global Money Week (GMW), an annual initiative promoting financial literacy among young people across the ...

CNP Cyprus on Wednesday announced the completion of the agreement between CNP Assurances and Hellenic Bank for the acquisition of the CNP Cyprus Group and its companies, CNP Cyprialife, CNP ...

GDEV, a global gaming and entertainment group headquartered in Cyprus, on Wednesday announced its expansion into AI-powered storytelling with the launch of Shortly, an innovative content platform developed by its ...

State-owned asset management company Kedipes recorded net cash inflows of €114.3 million in the fourth quarter of 2024, chairman Lambros Papadopoulos announced on Wednesday. He also described the preliminary agreement with Hellenic ...

The Cyprus–Germany Business Association (CGBA) held a networking event in Nicosia recently, gathering professionals from a wide array of industries. According to an announcement released on Wednesday, the event ...

Senior executives from Amazon have arrived in Cyprus as of Tuesday, marking a significant step in follow-up discussions stemming from recent high-level meetings between the Cypriot government and major US ...

Cyprus recorded a 2.1 per cent year-on-year increase in the Harmonised Index of Consumer Prices (HICP) in March, when compared with March 2024, according to official figures released on Thursday. Moreover, on ...

Invest Cyprus on Wednesday issued a statement highlighting the success of its recent participation in a high-level roadshow to the United States alongside president Nikos Christodoulides. The mission, which took ...

The long-delayed renovation of the Glafkos Clerides Sports Centre in Agros is finally moving ahead, after the Cyprus Sports Organisation (KOA) announced the repair and maintenance works this week. The €3.8 ...

The artificial intelligence (AI) revolution, digital health, e-commerce, and cybersecurity took centre stage at the international technology and innovation exhibition ‘Beyond’, held in Athens earlier this month. Cyprus was represented ...

AstroBank on Wednesday posted an after-tax profit of €41.8 million for the year ending December 31, 2024, along with a capital adequacy ratio of 31.1 per cent, its highest ever. AstroBank Chief Executive Officer ...

Gaming company DreamPlay has announced the launch of a new office and campus in Limassol, as part of its wider push to scale operations across Europe. The decision reflects the ...