#CyprusBusinessNow

In a letter to Minister of Labour and Social Security of Cyprus Zeta Emilianidou, the Cyprus Chamber Of Commerce and Industry has voiced its disapproval for a remote working mandate. “...

According to a report released by the Cyprus Statistical Service (CyStat) this week, Cyprus’ GDP growth rate in real terms during the third quarter of 2021 is positive and estimated at 5.5 ...

Business activity in the accommodation and food services sector has increased significantly, rising by 84.1 per cent in the third quarter of 2021, according to a report by the Cyprus Statistical Service. ...

Regulatory reporting firm Point Nine has announced a partnership with US company FIS, looking to bolster its ability to provide trade and transaction reporting services to legal entities in overseas ...

The cabinet has decided to increase the government subsidy for the ferry connection between Cyprus and Greece by €500,000 due to the rise in fuel prices. The increase brings the total ...

My Mall Limassol, Cyprus’ third-largest shopping centre, will see Israeli involvement in its ownership structure, with 46 per cent of its shares due to be sold to two Israeli companies. This ...

The Cyprus University of Technology (Tepak) has signed an agreement for the opening of a satellite school in Paphos. Specifically, the university will run a tourism, hospitality and entrepreneurship school ...

Cyprus Deputy Minister of Shipping Vasilis Demetriades travelled to Glasgow on Friday to take part in the shipping industry’s official COP 26 sideline event, entitled ‘Shaping the Future of Shipping’, ...

The Ministry of Finance said that the recently released data on unemployment ‘confirms that the Cypriot economy has entered a growth phase’. The total number of unemployed people fell sharply ...

Retail trade experienced a boom in Cyprus during August, both in terms of value and volume. According to data released by the Cyprus Statistical Service (Cystat), the Turnover Value Index ...

The Human Resources Development Authority (HRDA) of Cyprus has appointed a new director general, with Yiannis Mourouzides having taken over the position on November 1. The appointment was confirmed following a ...

According to the Cyprus Statistical Service (Cystat), industrial production marked a year-on-year increase of 9.3 per cent in the period of January – August 2021. According to the Cystat data, the Industrial Production ...

The total amount of non-performing loans (NPLs) decreased by approximately €8 million in July over the previous month. This has resulted in a reduction of the NPLs index to 17.4 per cent ...

Hellenic Bank has released new eco-friendly credit and debit cards made out of biodegradable material. Available since Monday, October 25, in Mastercard form, the new cards require 82 per cent less PVC (...

The Governor of the Central Bank of Cyprus Constantinos Herodotou said that financial literacy is a key element for a well-functioning economic system and thus a minimum requirement for sustainable ...

American credit rating agency S&P has released a report affirming RCB Bank with a rating of “BB-” with a stable outlook. RCB Bank’s long and short-term credit ...

Cyprus’ residential property price indexes plateaued somewhat during the second quarter of 2021 according to data released by the Central Bank of Cyprus. The indexes were affected by a slight drop ...

Bank of Cyprus’ Director of Compliance Division Marios Skandalis said that the coronavirus pandemic has given businesses an opportunity to reshape their long-term strategies to ensure their viability. “A business ...

The Apollonion Private Hospital in Nicosia has officially been acquired by the American investment fund CVC Capital Partners. The signing of the contract and the completion of the acquisition was ...

Transport Minister Yiannis Karousos stressed that adequate air connectivity for all, especially for which air travel is particularly crucial, must be secured. Karousos spoke at a high-level conference on the ...

Cypriot consumers will be paying the domestic rate of VAT when purchasing goods online following the implementation of six pieces of legislation by the House Finance Committee. This means that ...

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, a development that is mainly due to ...

The Public Debt Management Office has reported that the total amount of public doubt is expected to decrease to €24.1 billion by the end of 2021. The office added that the government ...

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 allow people to network with senior fund ...