Cyprus Business Now: weekly wrap-up
Here are the top business stories in Cyprus from the week starting February 17:
Kicking off the week, access to high-performance computing has long been a barrier for creative professionals, engineers, ...
CySEC expands use of English for prospectuses
The Cyprus Securities and Exchange Commission (CySEC) has announced a significant policy change, allowing for a broader range of cases in which prospectuses can be submitted in English.
The regulator ...
Hadjimanolis outlines presidency priorities in Brussels
Shipping Deputy Minister Marina Hadjimanolis was in Brussels on Friday, where she participated in the high-level roundtable on the European Ocean Pact, organised by the European Commission.
This followed an ...
Tourism minister optimistic about Cyprus’ 2025 prospects despite challenges
Deputy Minister of Tourism Kostas Koumis on Friday expressed optimism about Cyprus’ tourism sector in 2025.
He pointed out that “strategic planning is essential” as the industry enters a new cycle ...
Cyprus accounting and audit bodies renew MoU to combat financial crime
The Institute of Certified Public Accountants of Cyprus (ICPAC) and the Cyprus Institute of Internal Auditors (IIA Cyprus) renewed their agreement, reaffirming their commitment to good governance, transparency, and accountability.
...
Labour Ministry stresses the importance of AI in employment sector
Labour Minister Yiannis Panayiotou, in his intervention on Thursday at the ministerial conference organised by the Polish presidency of the EU in Gdańsk, addressed the challenges and opportunities presented ...
Eurobank Cyprus aims for steady and sustainable investment growth
The ‘Money Conference 2025: Investment Outlook Opportunities & the AI Impact’, held in Nicosia this week, explored key investment prospects and the market impact of artificial intelligence.
The conference, which was ...
The role of metrics and analytics in Cyprus
In the digital age, data has become the cornerstone of effective decision-making, offering unparalleled insights and opportunities, according to Anna Xinistery, general manager of consulting and professional development centre Kesea.
...
Toyota leads Cyprus car market as vehicle registrations decline in January
Toyota in Cyprus remained the leader in the passenger car market in January 2025, registering 537 vehicles, while Mazda followed with 313 and BMW with 266, according to a report from the statistical service.
...
Cyprus Business Now: global digital maturity, employment, uncertainty in shipping raised
The Digital Cooperation Organisation (DCO) on Wednesday successfully concluded its fourth general assembly in Jordan, with the endorsement of a comprehensive 2025-2028 agenda aimed at advancing digital maturity across its ...
Uncertainty in shipping sector raised at Limassol forum
The 8th Annual Capital Link Cyprus Shipping Forum held in Limassol, highlighted Cyprus’ role as a key player in shipping, energy, and logistics.
Supported by Hellenic Bank, the event drew ...
Coca-Cola HBC leads global sustainability with eighth recognition by Dow Jones
Coca-Cola HBC group has been recognised for the eighth time as the world’s most sustainable beverage company, according to the 2024 Dow Jones Best-in-Class Indices.
Previously known as the Dow ...
Keve welcomes revised foreign employment framework
The Cyprus chamber of commerce and industry (Keve) welcomed the council of ministers’ decision on Wednesday to approve the revised framework for the employment of third country nationals (TNCs).
This ...
Accountants chief promotes gender equality
Kyriakos Iordanou, general manager of the Institute of Certified Public Accountants of Cyprus (ICPAC), submitted his views on tax reform at the ‘Gender Budgeting and Gender Mainstreaming’ conference in Nicosia ...
Cyprus Business Now: more workers needed, remote work, Minimum wages increase
The association of building contractors Oseok has warned that acute labour shortages in sectors like construction, tourism, and retail were stalling economic growth.
As the supply of skilled and unskilled ...
Cyprus highlights strategic role as digital hub at DCO assembly
The Digital Cooperation Organisation (DCO) on Wednesday successfully concluded its fourth general assembly in Jordan, with the endorsement of a comprehensive 2025-2028 agenda aimed at advancing digital maturity across its ...
CBC announces €573.8 million growth in December
The Central Bank of Cyprus (CBC) announced a substantial growth in the assets of investment institutions for the final quarter of 2024.
The assets increased by €573.8 million, 8.4 per cent, reaching €7.36 billion ...
Deputy Minister Hadjimanolis visits Brussels for roundtable discussions
Deputy Minister for Shipping Marina Hadjimanolis, is set to visit Brussels to participate in the high-level roundtable, ‘Fisheries and Oceans Dialogues: Help Design the European Ocean Pact’.
This follows an ...
Building contractors need more workers
The association of building contractors Oseok has warned that acute labour shortages in sectors like construction, tourism, and retail were stalling economic growth.
As the supply of skilled and unskilled ...
Cyprus logs lowest remote work rate in Europe, at 22 per cent
Cyprus recorded the lowest rate of people working remotely in Europe in 2024, at just 22 per cent, a sharp contrast to the Netherlands, which topped the chart with 83 per cent.
This ...
Cyprus Business Now: Bank of Cyprus profit, gaming, tourism
The Bank of Cyprus on Tuesday announced its preliminary financial results for 2024, reporting a profit after tax of €508 million.
This marks a 4 per cent increase compared to the previous year, ...
Expansion of Cypriot shipping registry a top priority, says Hadjimanolis
Addressing Tuesday’s 8th Capital Link Shipping Forum in Limassol, the Deputy Minister for Shipping Marina Hadjimanolis emphasised that “expanding the Cypriot registry remains a top priority for the government.”
...
Offer for Rodon Hotel fair and reasonable say advisors
The board of directors of the Agros Development Company ‘Proodos’ Public Ltd, which owns the Rodon hotel in Agros, has accepted the evaluation issued by PWC about its share price.
...
Cyprus construction costs up by 0.57 per cent
Cyprus’ Construction Production Index prices for January 2025 reported a modest increase of 0.57 per cent from the previous month, according to the latest data from the Cyprus statistical service (Cystat).
What ...