Cyprus inflation decelerates to 1.5 per cent in August
Inflation in Cyprus stood at 1.5 per cent in August, its lowest level since March of this year, according to a report from the Cyprus Statistical Service (Cystat) released on Thursday.
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FINOM appoints new CFO amid European expansion
Digital banking platform FINOM, which also has offices in Cyprus, announced the appointment of Alessandro Camilotti as its new chief financial officer on Thursday.
The Amsterdam-based firm explained that Camilotti’...
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CySEC slaps Cyprus firm with €50,000 fine — company to lodge appeal (updated)
The Cyprus Securities and Exchange Commission (CySEC) this week announced that it has imposed a total administrative fine of €50,000 on Cypriot investment firm (CIF) IC Markets (EU) Ltd.
According to ...
Cyprus transport and storage sector grows in second quarter
Cyprus’ Turnover Value Index for the transport and storage sector reached 139.4 units in the second quarter of 2024, marking an increase of 1.8 per cent compared to the same period last year.
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Cyprus business & economy daily wrap-up
The Central Bank of Cyprus (CBC) has reported a rise in interest rates on consumer loans, which increased to 6.67 per cent in July, up from 6.18 per cent in the previous ...
Ministry launches new round of rural tourism scheme
The Deputy Ministry of Tourism this week announced the launch of the second round of its grant scheme for the revival of rural, mountainous, and remote areas.
The scheme is ...
Cyprus registered unemployed decrease by 8.9 per cent in August
The number of registered unemployed individuals in Cyprus decreased by 8.9 per cent in August 2024 compared to the same month in 2023.
According to a report released on Wednesday by the Cyprus ...
Cyprus admin services lead second quarter growth, real estate up 10.5 per cent
Administrative, support and real estate services in Cyprus performed well during the second quarter of 2024, according to the latest services turnover value index report.
Specifically, according to the Cyprus Statistical ...
Cyprus consumer loan rates increase in July
The Central Bank of Cyprus (CBC) has reported a rise in interest rates on consumer loans, which increased to 6.67 per cent in July, up from 6.18 per cent in the previous ...
Cyprus business & economy daily wrap-up
The Cyprus property market saw apartments emerge as the preferred choice among buyers during the second quarter of 2024, according to a report released on Tuesday from the Cyprus Real Estate ...
Rising costs push Cypriot property buyers towards apartments, estate agents say
The Cyprus property market saw apartments emerge as the preferred choice among buyers during the second quarter of 2024, according to a report released on Tuesday from the Cyprus Real Estate ...
Cyprus lagging behind in EU recovery fund requests
The European Court of Auditors on Tuesday raised concerns about the slow absorption of the Recovery and Resilience Facility (RRF) funds across the European Union, warning of potential risks to ...
Cyprus business & economy daily wrap-up
Saudi Arabian Transport Minister, Saleh Bin Nasser Al-Jasser, on Monday visited DP World Limassol’s general cargo and cruise terminal, where he discussed avenues for further cooperation in areas of ...
Saudi Transport Minister visits Cyprus, discusses future collaboration
Saudi Arabian Transport Minister, Saleh Bin Nasser Al-Jasser, on Monday visited DP World Limassol’s general cargo and cruise terminal, where he discussed avenues for further cooperation in areas of ...
Bank of Cyprus completes 41 per cent of share buyback programme
The Bank of Cyprus completed approximately 41 per cent of its maximum share buyback programme value by the end of August, according to an announcement by the bank.
The announcement noted ...
Global smart personal audio market rebounds with record growth in Q2
The global smart personal audio market, which includes True Wireless Stereo (TWS) devices, wireless earphones, and wireless headphones, experienced a robust recovery in the second quarter of 2024.
According to a ...
African smartphone market experiences modest growth
The African smartphone market experienced modest growth in the second quarter of 2024, with shipments rising by 6 per cent year-on-year to reach 17.8 million units, according to the latest research from Canalys.
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Cyprus Business Now
Hellenic Bank on Friday posted a profit after tax of €189 million for the first half of 2024, marking an 18 per cent increase compared to the same period during the previous year.
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Cyprus government records €702.5 million surplus, doubles year-on-year
The Cyprus general government recorded a surplus of €702.50 million, equivalent to 2.2 per cent of GDP, during the first seven months of 2024.
According to a report released on Friday by the ...
Keve to showcase vocational training initiative at networking event
The Cyprus Chamber of Commerce and Industry (Keve) on Friday announced an upcoming networking event to introduce the EULEP project, an initiative centred around vocational education and training.
The event, ...
Hellenic Bank posts €189 million after-tax profit in first half of 2024
Hellenic Bank on Friday posted a profit after tax of €189 million for the first half of 2024, marking an 18 per cent increase compared to the same period during the previous year.
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Cyprus Business Now: tourism, short-term rentals, unemployment, energy
Delfi Partners director Michalis Loizou on Thursday argued against the notion that short-term rental properties in Cyprus are the primary cause of rising rental costs, suggesting that other factors contribute ...
Tourism revenue in Cyprus rises by 6.6 per cent in June
Cyprus’ tourism revenue reached €385.2 million in June 2024, marking a 6.6 per cent rise compared to €361.5 million in the same month of the previous year.
According to the Cyprus Statistical Service (Cystat), ...
Regulating short-term rentals could negatively impact economy, says director
Delfi Partners director Michalis Loizou on Thursday argued against the notion that short-term rental properties in Cyprus are the primary cause of rising rental costs, suggesting that other factors contribute ...