#CyprusBusinessNow

Invest Cyprus, the state agency dedicated to promoting Cyprus as an international investment destination, on Tuesday announced that it took part in the prestigious technology event Viva Technology held in ...

Cypriot banks made significant repayments on loans from the European Central Bank’s (ECB) Targeted Longer-Term Refinancing Operations (TLTROs) in March of this year, according to data released on Monday ...

Here are the top business stories in Cyprus from the week starting May 20: Chief Scientist Demetris Skourides was a prominent participant in the First International Symposium: Digital Twins 4 Healthcare, according ...

Hellenic Bank on Friday released its financial results for the first quarter of 2024, recording an after-tax profit of €93.3 million, with interim CEO Antonis Rouvas saying that the year “started on ...

President Nicos Christodoulides on Tuesday stressed the need for a unified approach and solid public-private cooperation to address the challenges currently facing the shipping industry. Speaking at the 35th annual ...

The Bank of Cyprus announced on Monday that it completed a new round in its share buyback programme, which was originally disclosed in April of this year, with 34,150 shares being ...

Deputy Minister of Tourism Kostas Koumis on Friday said that tourist arrivals for the first four months of 2024 indicate that the island can achieve its goals for the year, despite ...

The Bank of Cyprus on Thursday released its financial results for the first quarter of 2024, posting a profit after tax of €133 million. While this figure represents a 4 per cent drop ...

President of the Cyprus Hotel Association (Pasyxe) Thanos Michaelides this week raised concerns about a slowdown in summer bookings, indicating that 2024 may see a downturn compared to previous years. Michaelides ...

Cyprus’ construction sector has shown significant growth, as evidenced by the increase in building permits issued by the municipal authorities and the district administration offices in the early months of 2024. ...

TechIsland, the foremost tech association in Cyprus, is gearing up for the much-anticipated fourth edition of its annual TechIsland Summit, according to an announcement released on Monday. Scheduled for May 30, ...

Here are the top business stories in Cyprus from the week starting May 6: The Easter holiday season saw a 50 per cent decline in business activity for restaurants, bars, and other ...

Cyprus’ tourism revenue surged by 15 per cent year-on-year in February 2024, marking a significant recovery following a slight 0.9 per cent dip in the first month of the year, according to a ...

Cyprus’ Gross Domestic Product (GDP) is projected to rise by 2.9 per cent in 2024, according to the latest estimates released on Thursday by the Finance Ministry, which are valid up to ...

The Cyprus Real Estate Agents Registration Council on Wednesday released a breakdown of property transactions and average values during the first quarter of 2024, according to property type, across all districts. ...

Hotel occupancy rates in Cyprus are expected to be lower during the upcoming summer, compared to the same period in 2023, according to the president of the hotelier’s association (Pasyxe) ...

The agriculture ministry this week launched a new price observatory for fruit and vegetable products named ‘e-Kofini’, aimed at ensuring transparency and fair prices in the local market. The platform ...

Limassol port has seen a substantial rise in wheeled cargo traffic since DP World Limassol (DPWL) took over its operation, processing around 60,000 multipurpose Ro-Ro units (Roll-on, Roll-off) in 2023 alone, according ...

International credit rating agency Moody’s has given a positive assessment on the mooted move by Hellenic Bank to acquire the operations of CNP Insurance in Cyprus and Greece, stating ...

Here are the top business stories in Cyprus from the week starting April 22: Former Cyprus Airways CEO Paul Sies has joined travel-tech company Journey Mentor as president and chief executive ...

Deputy Minister of Tourism Kostas Koumis this week addressed the growing need for foreign workers in Cyprus’ tourism sector, attributing it to the surge in tourist arrivals exacerbating labour shortages. ...

Hellenic Bank on Thursday announced that it has entered into exclusive negotiations and a put option with CNP Assurances for the acquisition of its subsidiary CNP Cyprus Insurance Holdings Limited, ...

Hellenic Bank is reportedly on the verge of finalising a deal with French insurer CNP Assurances to acquire its insurance operations in Cyprus, it emerged on Wednesday. Citing sources within ...

President Nikos Christodoulides on Tuesday addressed the Cyprus Employers and Industrialists Federation (Oev), during the federation’s annual general meeting, where he reiterated the government’s support for the local ...