Cyprus Business Now
The University of Cyprus’ Economics Research Centre (CypERC) is entering the second phase of its tax reform project, it emerged on Monday, after it had been tasked to come up ...
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EU posts €40.4 billion trade surplus in second quarter
The European Union (EU) recorded a trade surplus of €40.4 billion in the second quarter of 2024, reflecting a decline from the €55.3 billion recorded in the first quarter of the year.
According ...
Limassol to host regional finals for Startup World Cup
The Cyprus regional finals of the Startup World Cup 2024 are set to take place on Thursday, August 29, at the BrainRocket premises in Limassol.
The event will spotlight the region’s ...
Cypriot bonds in Eurosystem drop to €6.38 billion
The value of Cypriot bonds held by the Eurosystem has decreased to €6.38 billion as the European Central Bank (ECB) continues its balance sheet reduction under its tightening monetary policy.
These ...
Middle East smartphone sales surge by 20 per cent in second quarter
Smartphone shipments in the Middle East, excluding Turkey, reached 11.5 million units in the second quarter of 2024, marking a robust 20 per cent year-on-year increase, according to industry analysts Canalys.
The company ...
Cyprus Business Now
Cyprus has seen its debt-to-GDP ratio drop to 72.3 per cent, marking a substantial decrease of nearly 10 percentage points over the past year.
According to a report released on Friday from ...
Cyprus economy exceeding expectations, says Finance Minister
The Cypriot economy is on an upward trajectory and displaying resilience, Finance Minister Makis Keravnos said on Friday, after briefing the Cabinet on the semi-annual fiscal policy report.
In remarks ...
Eurobank proposes new Hellenic Bank board structure ahead of general assembly
Eurobank has announced the new board members it will propose for Hellenic Bank ahead of the general assembly scheduled for September 18.
According to the proposal, Petros Christodoulou is set to ...
CySEC deregisters investment fund, orders liquidation
The Cyprus Securities and Exchange Commission (CySEC) has announced that it has withdrawn the registration of the ‘Investment Compartment – Real Estate (RAIF76_1)‘, under RAIF Prime Property Services P.P. RAIF ...
Scammers pretending to represent Cypriot financial regulator
The Cyprus Securities and Exchange Commission (CySEC) this week issued an urgent warning regarding the existence of fraudulent websites that are falsely claiming to be associated with the regulatory body.
...
Cyprus Business Now
The price of 27 out of 45 products monitored by the Cyprus consumer protection service increased in July, according to the latest price observatory report.
According to the service, the biggest rises ...
Paphos university launches AI centre to combat money laundering
Neapolis University Pafos (NUP) on Thursday announced the establishment of the Jean Monnet Centre of Excellence AI-2-Trace-Crime, a project supported by the European Union.
According to the announcement, this ...
CySEC warns public about false investment claims on social media
The Cyprus Securities and Exchange Commission (CySEC) on Thursday issued a warning to the public regarding false and misleading posts circulating on social media and other online platforms.
These posts, ...
Cyprus Business Now
Cypriot banks have nearly eliminated their borrowing from the Eurosystem through Targeted Longer-Term Refinancing Operations (TLTROs), with the latest data from the Central Bank of Cyprus (CBC) showing repayments totalling €2.6 ...
Research spending in Cyprus still low — business sector leads the way
Research spending in Cyprus as a percentage of domestic GDP remains low compared to the European average, despite an increase in absolute terms.
According to a report released on Wednesday ...
Republic of Cyprus to issue new government bills next week
There will be a new issue of Cypriot government bills on Monday, August 26, with the bills having a three-month duration, set to mature on November 29, 2024.
Sophic, an online platform that ...
Cyprus banks slash Eurosystem borrowing after €2.6bn in TLTRO repayments
Cypriot banks have nearly eliminated their borrowing from the Eurosystem through Targeted Longer-Term Refinancing Operations (TLTROs), with the latest data from the Central Bank of Cyprus (CBC) showing repayments totalling €2.6 ...
Cyprus Business Now
The final discussion on the 2025 state budget is expected to take place in mid-September during a Cabinet meeting, according to Finance Minister Makis Keravnos.
Speaking to the Cyprus News Agency (...
Cyprus inflation rises in July, driven by recreation, restaurants, hotels
Cyprus experienced a 2.4 per year-on-year cent increase in the Harmonised Index of Consumer Prices (HICP) in July 2024, compared to the same month of the previous year.
The HICP, a key ...
Budget plan for 2025 nearing final approval
The final discussion on the 2025 state budget is expected to take place in mid-September during a Cabinet meeting, according to Finance Minister Makis Keravnos.
Speaking to the Cyprus News Agency (...
Cyprus Business Now
The Bank of Cyprus on Monday announced that it will hold an extraordinary general meeting (EGM) on September 13 to approve its listing on the Athens Stock Exchange (ASE) and to ...
CSE suspends trading for multiple companies over unpublished reports
The Cyprus Stock Exchange (CSE) has announced the suspension of trading for several listed companies on both the Regulated Market and the Emerging Companies Market, due to their failure to ...
Green energy platform to promote ship decarbonisation in Cyprus
The Frederick Research Center, in collaboration with the Cyprus Energy Regulatory Authority (CERA) and Electi Consulting Ltd, is developing an online platform for managing green energy usage at ports.
According ...
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Bank of Cyprus announces move to Athens Stock Exchange, plans delisting from London
The Bank of Cyprus on Monday announced that it will hold an extraordinary general meeting (EGM) on September 13 to approve its listing on the Athens Stock Exchange (ASE) and to ...