Cyprus Business News

The Central Bank of Cyprus (CBC) on Friday reported that 94 per cent of loans held by credit acquisition companies were categorised as non-performing (NPLs) as of June 30, 2024. The report indicates ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced its adoption of the European Banking Authority’s (EBA) guidelines on governance for issuers of asset-referenced tokens (ARTs). These guidelines, ...

Central Bank of Cyprus (CBC) govennor Christodoulos Patsalides on Thursday addressed the Economist annual summit, highlighting the European banking sector’s resilience, while also addressing the challenges and risks facing ...

Central Bank of Cyprus (CBC) govennor Christodoulos Patsalides on Thursday addressed the Economist annual summit, highlighting the European banking sector’s resilience, while also addressing the challenges and risks facing ...

The Cyprus government on Monday, November 25, will offer new 13-week Treasury Bills (T-bills), set to mature on 28 February 2025. The annualised yield for the new issuance is expected to range between 2.95 ...

The AI Future Hub, a thriving AI-focused community with over 3,000 members, is hosting an Unconference as part of the AI Paphos Summit in Paphos, Cyprus. The event, taking place on ...

The Research and Innovation Foundation (RIF) lead a delegation of over 40 participants from Cyprus, including 18 startups and scaleups, at Slush 2024, according to an official announcement released on Thursday. Slush is ...

President of the European Investment Bank (EIB) Nadia Calvino will visit Nicosia on Friday to inaugurate the EIB’s new office in Cyprus, according to an official announcement. Calvino’s ...

Apartment prices and rents in Cyprus defied broader market declines during the third quarter of 2024, reflecting strong demand, according to a report from real estate analytics firm Ask Wire. At ...

Shipping Deputy Minister Marina Hadjimanolis has officially announced the candidacy of the Republic of Cyprus for re-election to the Council of the International Maritime Organisation (IMO). The Shipping Deputy Ministry ...

The Bank of Cyprus on Wednesday announced the complete disposal of the remaining shares held by Cyprus Popular Bank (Laiki) Public Co Ltd, which has been in liquidation. Following the ...

Sim4Flow, a Cypriot MedTech startup focused on intracranial aneurysm management, will present its groundbreaking AI-driven platform, IRIS, at Slush 2024 in Helsinki. The event, one of the world’s largest ...

PwC Cyprus, in collaboration with Multimarine Services Ltd, SignalGeneriX Ltd, and Theophrastus Research Institute, has been awarded Project Symbiosis by the European Defence Agency (EDA). Announced this week, the initiative ...

The construction sector in Cyprus recorded a 4.7 per cent increase in production during the first half of 2024 compared to the same period in 2023, according to a report released on Wednesday ...

The Bank of Cyprus on Wednesday announced the complete disposal of the remaining shares held by Cyprus Popular Bank (Laiki) Public Co Ltd, which has been in liquidation. Following the ...

The Cypriot insurance sector recorded a notable increase in premiums during 2023, surpassing €1 billion in turnover for another consecutive year, it emerged this week. Specifically, total premiums for 2023 reached €1.204 billion, marking ...

The Bank of Cyprus on Tuesday announced that it has repurchased 50,000 of its ordinary shares with a nominal value of €0.10 each. The transactions were executed on November 18 on the Cyprus ...

The Bank of Cyprus on Tuesday announced that it has repurchased 50,000 of its ordinary shares with a nominal value of €0.10 each. The transactions were executed on November 18 on the Cyprus ...

Cyprus’ Harmonised Consumer Price Index (HICP), a key measure of inflation, rose by 1.6 per cent year-on-year in October 2024, according to official data released on Tuesday. This figure reflects a modest ...

Snapchat is transforming how brands connect with digital-first audiences, leading the evolution of augmented reality (AR) in social media, according to Katia Maevskaia, Client Partner, CEE, at Snap Inc. Maevskaia ...

The number of investment funds in Cyprus increased in September 2024 compared to June of the same year, despite a slight decline in their total assets, which amounted to €6.79 billion, according ...

The Cyprus Shipping Chamber took the spotlight at the International Shipping Summit in Hong Kong this week, showcasing the nation’s pivotal role in global maritime affairs. Represented by Director ...

Cyprus is recording one of the strongest growth rates in Europe, driven by the resilience and initiatives of its business community, according to Energy Minister George Papanastasiou. Addressing the annual ...

Cyprus’ Construction Material Price Index recorded a marginal increase in October 2024, according to a report released this week from the state’s statistical service. This follows a streak of eight ...