Cyprus Business News

The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical capital buffer (CCyB) rate at 1 per cent, in accordance with the Macroprudential Supervision of Institutions Laws of 2015 to 2022, ...

The Cyprus government saw its surplus climbing to 1.9 per cent of the country’s Gross Domestic Product (GDP) between January and May 2024, up from 1.1 per cent in the same period ...

Tourism revenue in Cyprus saw a modest rise of 5.5 per cent in the first quarter of 2024, compared to the same period in 2023, while April remained essentially the same, according to ...

The House is expected to discuss legislation concerning the establishment and operation of collective investment organisations in September, following the end of the summer recess, according to statements made on ...

The top ten most expensive property sales in Cyprus exceeded €39 million in May of this year, with Limassol continuing to dominate the high end of the market, according to a ...

Cyprus saw a 20.1 per cent increase in tourist arrivals during 2023, reaching 3,845,652 compared to 3,201,080 in 2022, with over one-third of visitors staying in Paphos, according to a report by the state’s ...

The average gross monthly earnings of employees in Cyprus saw a 5.7 per cent increase during the first quarter of 2024, reaching €2,378 compared to €2,251 in the same period of 2023, according to a ...

Energy Minister George Papanastasiou highlighted Egypt as an essential partner for Cyprus during an interview with the Cyprus News Agency (CNA) on Sunday, in the context of the EU-Egypt Investment ...

Cyprus’ Industrial Producer Prices Index experienced a 2.5 per cent decrease in May 2024 compared to the same month in 2023, according to a report by the state’s statistical service. For the ...

Here are the top business stories in Cyprus from the week starting June 24: Deputy Minister of Shipping Marina Hadjimanolis recently embarked on a series of important meetings in Geneva, according ...

In 2024, Cyprus stands out in the European real estate landscape, marked by stability and growth despite the broader challenges of inflation and rising interest rates. While other countries tread cautiously, ...

A delegation from the International Monetary Fund (IMF) on Friday held informal discussions with members of the House Finance Committee during their technical assistance mission to Cyprus. The visit was ...

A delegation from the International Monetary Fund (IMF) on Friday held informal discussions with members of the House Finance Committee during their technical assistance mission to Cyprus. The visit was ...

Maritime firm Prevention at Sea, based in Cyprus, has recently been honoured with a feature in the GreenTech and Decarbonisation category on the newly updated Global Maritime Tech Startup Map ...

Seven innovative Cypriot small and medium-sized enterprises (SMEs), members of the Cyprus Association of Research & Innovation Enterprises (CARIE), part of the Cyprus Chamber of Commerce and Industry (Keve), participated ...

Eurobank has been awarded a prestigious distinction in the field of post-custodial services, being named “Best Sub-Custodian Bank 2024” in Cyprus and Greece by the esteemed Global Finance magazine. This accolade ...

State-owned asset management company Kedipes announced on Friday that a €60 million cash payment was made on June 26, as previously mentioned in the company’s most recent operational management progress report ...

Richa Tandon is a name synonymous with innovation in the realm of soft skills training. Skill Boosters caters to the diverse needs of children by integrating components like emotional intelligence ...

Industrial production in Cyprus recorded an 8.2 per cent increase year-on-year during April 2024, according to a report released this week by the Cyprus Statistical Service (Cystat). The Industrial Production Index for ...

The economic climate in Cyprus improved slightly in June, with the Economic Sentiment Indicator (ESI) rising by 0.6 points compared to May 2024, according to a report released this week by the ...

With third country nationals receiving their work permits earlier through expedited procedures, the tourism industry is fully staffed and ready for the summer wave of tourists. Labour Minister Yiannis Panayiotou ...

Demetra Holdings’ annual general meeting on Thursday saw chairman George Kourris reaffirming the company’s significant position in Hellenic Bank, describing it as a strategic choice amidst ongoing financial successes. ...

Deposits and loans in the Cypriot financial system both experienced an increase in May of this year, according to a report released this week by the Central Bank of Cyprus (...

Total oil product sales in Cyprus saw a marginal year-on-year decrease of 0.2 per cent in May, while sales during the first months of the year are up compared to 2023, according ...