Cyprus Business News

Pareto Limited, a major shareholder in Atterbury Europe Holding B.V., has agreed to exchange part of its debt exposure in Atterbury Europe for a direct interest in both the ...

MDigi-I Project receives €2.8 million from Cyprus Research and Innovation Foundation (RIF) to drive digitalisation in shipping industry The Cyprus University of Technology (Tepak) has announced its participation in the Maritime ...

Cyprus witnessed a notable slowdown in property transactions during the first quarter of 2024, reflecting the cumulative challenges faced by the real estate sector, including inflationary pressures and high interest rates, ...

President of the Cyprus Stock Exchange (CSE) Marinos Christodoulides recently released a statement underscoring the significance of developing the bond market within the CSE framework. In addition, Christodoulides highlighted the ...

President Nikos Christodoulides will on Monday travel to London for a series of contacts with financial parties, entrepreneurs and investors. As part of his visit, the president will participate in ...

Here are the top business stories in Cyprus from the week starting April 8: Minister of Agriculture, Maria Panayiotou, recently lauded the economic significance of the wine industry and unveiled plans ...

The interior ministry on Friday officially announced that elections for European Parliament and local government would be held on Sunday, June 9. The deadline to submit a candidacy was set for ...

A long journey of milestones, difficult moments, and achievements for the country’s largest financial institution was how the Bank of Cyprus described its 125-year history. A vision that took ...

Revenues from betting activity within Cyprus recorded an upward trend for another quarter, thereby confirming the dynamic and steady growth of the sector. According to the financial results announced by ...

In Q4 of 2023, two-bedroom apartments were the main attraction for buyers in Cyprus, according to Ask Wire‘s findings, which emerge from continuous monitoring of the development of 421 high-end projects ...

The Cyprus Statistical Service (Cystat) has announced the release on Friday, of its bimonthly bulletin, “Monthly Economic Indicators,” covering the period of January to February 2024. Focusing on specific sectors, the ...

The effects of climate change was one more challenge the tourism industry would have to cope with, said Christos Angelides, the president of the Pancyprian Association of Hotel Managers (Pasydixe). ...

In March 2024, total government employment in Cyprus reached 54,751 persons, as reported by the Cyprus Statistical Service (Cystat). Within this total, 23,208 individuals were employed in the Civil Service, 17,617 in the Educational ...

The Ministry of Energy, Commerce and Industry has announced the second phase of the New Business Activity Support Plan, amounting to €20 million. This Plan forms part of the “THALEIA” Programme ...

The I-STARS project, aimed at promoting sustainable tourism in Europe, has completed the selection process of a total of 125 tourism businesses from Cyprus, Greece, Ireland, Italy, and Spain, each receiving ...

The Bank of Cyprus proved its resilience, navigating the rough seas of the 21st century and emerging stronger, said group chairman Takis Arapoglou in an event the 125th anniversary of ...

Following the demands of the modern era, PwC Cyprus has strategically integrated ChatPwC – an innovative generative artificial intelligence assistant (GenAI) – into its operations, thereby granting its people the ability to ...

In March 2024, total government employment reached 54,751 persons. According to the Cyprus Statistical Service (Cystat) on Thursday, a report showed that within the Civil Service, 23,208 people were employed, whereas the Educational ...

The profitability of the Cyprus banking sector remarkably spiked by an annual 644 per cent in 2023, reaching €1.27 billion. This significant increase was fueled by the high-interest environment, according to data released ...

Commerce minister Giorgos Papanastasiou and the Republic’s Chief Scientist for Research, Innovation, and Technology, Demetris Skourides, were recently in Japan to promote Cyprus as a base for international business ...

Members of the recently elected Board of the Cyprus Investment Funds Association (CIFA) met with the President, George Theocharides, the Vice President, George Karatzias, and key executives from the Cyprus ...

There was increased interest in organised trips from Poland to the Famagusta district during a roadshow in Poland by the Famagusta Tourism Board (Etap) and hoteliers of the district. The ...

Deputy Minister of Tourism, Kostas Koumis has stressed the importance of international collaboration to overcome the widespread challenges facing the tourism sector. Speaking at the 70th Session of the Europe ...

In January 2024, a slight decrease of 0.5 per cent was observed in the number of building permits issued by municipal authorities and provincial administrations, compared to the same month in 2023, as ...