Cyprus Business News

Cyprus has emerged as the top-ranking European Union member state in providing cross-border investment services, according to George Theocharides, chairman of the Cyprus Securities and Exchange Commission (CySEC). The announcement ...

Finance Minister Makis Keravnos on Monday met with the newly elected president of the Cyprus Chamber of Commerce and Industry (Keve) Stavros Stavrou, to discuss the challenges facing the Cypriot ...

National flag carrier Cyprus Airways has announced that it is set to double its fleet of Airbus A220 aircraft in 2024, with the introduction of two new planes. This was highlighted ...

Cyprus-based digital studio TheSoul Publishing, which has received wide-spread recognition for its globally engaging and original content, on Monday announced that Aleksandra Sulimko, previously the Chief Human Resources Officer (CHRO), ...

Cyprus Stock Exchange (CSE) wrapped up 2023 on a high note, with listed securities exceeding €4 billion, according to the CSE’s figures published for December. The General Index reached 136,01 points, representing ...

Here are the top business stories in Cyprus from the week starting January 15: Contrary to expectations that accompanied the reduction in the consumption tax rates for motor fuels, fuel prices ...

According to data published on Friday by Eurostat, Cyprus experienced a 14 per cent decrease in potato prices in 2023. Similar trends were observed in Belgium (18 per cent decrease) and Austria (4 per ...

The Cyprus Chamber of Commerce (Keve) meeting and the government are looking at aligning strategies, on energy, natural gas, renewable energy sources and manufacturing. This was the subject of a ...

Cyprus Airways will target the Greek market in 2024 and the airline’s top brass were in Athens on Thursday to present plans to travel agents and journalists. The meeting inaugurated ...

The rate of inflation continued on a downward path in December, according to the Consumer Protection Service which monitors the prices of consumer products. Inflation in December was down to 1.6 ...

President of the Hoteliers Association (Pasyxe) Thanos Michaelides, expressed satisfaction with the current bookings for the new tourist season, noting interest from both small and large markets. Given the challenges ...

According to the annual data published by Eurostat, the EU exported 32.1 million tons of waste to third countries in 2022, marking a 3 per cent decrease from 2021. Concurrently, waste imports to the ...

The Cyprus Aviation Association that will be operating under the Cyprus Chamber of Commerce (Keve) was officially launched on January 15. The Association aims to enhance collaboration among members, promote unity, ...

According to the Cyprus Statistical Service (Cystat), the prices of construction materials show a small increase. The Construction Materials Price Index for 2023 recorded an increase of 2.91 per cent per compared ...

Cyprus is among the top European Union countries in car ownership, with 658 passenger cars per 1,000 inhabitants – an increase of 19.85 per cent over the past decade – according to the latest Eurostat ...

Cyprus Statistical Service (Cystat) reported a 20.1 per cent increase in total tourist arrivals for the year 2023 compared to the previous year, which marked the third-best year on record after 2018 and 2019. ...

Cyprus showed a decline in loan applications by both businesses and households, in the third quarter of 2023. This was influenced by strict Eurozone policies and rising interest rates, according to ...

Hotels and leisure centres that usually close during the off-season can now stay open and provide training for their employees, thanks to a new government plan. This programme covers two ...

Businesses highly prioritise candidates with advanced soft skills, said Irina Karpova, the head of recruitment at a leading Fintech company in Limassol. Karpova said that securing individuals who align with ...

Eurostat’s latest data reveals significant developments in European tourism for the year 2023. Among the notable findings is Cyprus’s anticipated 20 per cent growth in tourism, securing the second-highest increase ...

Business chief executives have expressed greater optimism about the economic prospects in 2024 than they had done for the previous year, with a many having plans to expand their workforce in ...

Commissioner of the Environment, Antonia Theodosiou, said it was critical for businesses to align with the newly established framework of the European Green Deal. At a workshop titled “How do ...

Finance Minister Makis Keravnos expressed concerns that the tensions in the Red Sea could fuel more inflation. Speaking to CNA from Brussels, where he attended sessions of the Eurozone Finance ...

Energy Minister, George Papanastasiou, said that integrating RES into conventional power generation was vital for reducing energy costs. “The way ahead is now green,” said Papanastasiou explaining that “the cost ...