#CyprusBusinessNow

The Producer Price Index in Industry for the month of April 2022 reached 123.8 points (base 2015 = 100), recording an increase of 19.5 year-on-year, according to a report by the Cyprus Statistical Service (Cystat) released ...

The Democratic Labour Federation of Cyprus (Deok) on Monday called the government’s measures to curtail soaring inflation disappointing and inadequate. “Unfortunately, the long-awaited government measures to deal with the ...

There was a net increase in both total deposits and total loans in April, when compared to March, according to a report published on Friday by the Central Bank of ...

The Nicosia Tourism Board (Etap Nicosia) announced on Thursday the successful completion of the Facilitating Accessibility in Support of Tourism (FAST) programme, which took place on May 18-19, 2022. The event ...

Cyprus Airways on Wednesday announced that Paul Sies has been appointed to the position of chief executive officer, with Sies officially assuming the role on May 20. “Mr Sies has extensive ...

Cyprus Chamber of Commerce (Keve) vice president Andreas Demetriades on Tuesday called on the government and political parties to unite in order to best deal with the challenges posed by ...

The number of investment institutions increased from 257 in December 2021 to 273 in March 2022, according to a report on Monday published by the Central Bank of Cyprus (CBC). Moreover, for the same ...

The Cyprus Shipping Chamber (CSC) on Friday announced that it welcomes the positions adopted by the Environment Committee (ENVI) of the European Parliament regarding the revision of the EU Emissions ...

The Price Index of Construction Materials reached a historically high level in April 2022, with the prices of construction materials rising by 24.54 per cent year-on-year, according to a report by the ...

The growth rate of the Cypriot economy in the first quarter of 2022 remained positive, estimated to have risen by 5.8 per cent when compared to the corresponding quarter of 2021, according to ...

Paphos hoteliers association (Pasyxe) president Thanos Michaelides on Tuesday said that hoteliers are currently faced with two challenges,the difficulty of finding staff, but also the high cost of of ...

Deputy Minister for Research, Innovation and Digital Policy Kyriacos Kokkinos announced on Friday the signing of a Memorandum of Understanding (MoU) with IDEA Innovation Centre president Charis Pouangare. The MoU ...

The recent approval by the Cabinet of Ministers of a scheme to further incentivise the relocation of foreign workers and companies creates major opportunities for Cyprus, Invest Cyprus CEO George ...

Cypriot banks were presented with bad checks worth a total of €438,000 in April, according to data released on Wednesday by the Central Bank of Cyprus (CBC). This is the largest ...

Cyprus’ trade deficit in February amounted to €429 million, according to the finalised trade published by the Cyprus Statistical Service (Cystat) on Tuesday. In addition, the trade deficit in March 2022 reached €729 ...

Cyprus Investment Promotion Agency, known as Invest Cyprus, on Monday announced that it successfully participated in the International Hospitality Investment Forum, which took place in Berlin on May 3-5. This ...

A third of all real estate transactions in Nicosia during the first quarter of 2022 concerned apartments, according to a report by the Council for Registration of Real Estate Agents published ...

The number of registered unemployed stood at 11,664 persons at the end of April 2022, according to data released this week by the Cyprus Statistical Service (Cystat). The latest figure reflects a ...

The Cyprus Statistical Service (Cystat) on Wednesday released the preliminary budget results for the period January-March 2022, with the report showing a general government surplus of €239.3 million. The surplus corresponds to 1 ...

Cyprus’ Fiscal Council on Tuesday announced that it has approved the forecasts and estimates submitted through the Stability Programme. The council also warned that if there is any delay in ...

The Famagusta Tourism Board (Etap) on Thursday night held an event designed to showcase the district’s tourist product to Polish tour operators. The presentation took place at the Thalassa ...

Students from the Paphos Technical School won first prize among their peers for creating and implementing the best innovative business idea in the ‘Ideodromio – Creativity, Innovation and Business Idea’ programme. ...

The Cyprus Institute of Certified Management Consultants (Sesek) on Wednesday announced that it has entered into a partnership agreement with Cyprus International Institute of Management (CIIM). The partnership entails Sesek ...

Cyprus’ trade deficit in January of this year amounted to €523.6 million, compared to €434.3 million in the corresponding month of 2021, according to data released on Tuesday by the Cyprus Statistical Office (...