Cyprus Business News

Cyprus saw a significant surge in the Industrial Production Index in October 2023, reaching 138.6 units, with 2025 being the base year, marking a 5.4 per cent increase, according to a report released this ...

Employers and Industrialists Federation (Oev) president Antonis Antoniou has stated that only through strong competitiveness can Cyprus ensure the prosperity of its people, strengthen the social safety net for the ...

Theophanis Theophanous has been working for Barclays in the United Kingdom since 2011 when he joined as Managing Director in the UHNW and Family Offices team. Prior to that, he worked ...

The Cyprus Composite Leading Economic Index (CCLEI), compiled by the University of Cyprus’ Economic Research Centre (CypERC), registered an annual increase of 1.8 per cent in November 2023, according to a report ...

The long-anticipated completion of bids for the Paphos marina is set for late 2024, according to George Mais, president of the Paphos Chamber of Commerce and Industry. Mais told the Cyprus ...

Hellenic Bank announced on Thursday that it has established a Sustainable Bond Framework, aiming to contribute to the sustainable transition of the Cypriot economy and striving to create a long-term ...

Many Cypriots are choosing to fly abroad for New Year’s celebrations, with Greece, the United Kingdom, and Central European countries being the top picks, according to Charis Papacharalambous, president ...

Marios Tannousis has been proudly leading Invest Cyprus as its CEO. As the investment authority of the Government of Cyprus, Invest Cyprus plays a pivotal role in the nation’s ...

Deputy Minister of Shipping Marina Hadjimanoli on Wednesday said that Cyprus’ role as a prominent, internationally recognised maritime centre will be further enhanced in the coming year. Speaking to the ...

Consulting and advisory firm PwC Cyprus recently announced that it successfully organised an event entitled “A New Reporting Obligation on VAT” at its state-of-the-art experience centre. The event focused on ...

There was a notable rise of 6.2 per cent in the average gross monthly earnings of employees in Cyprus during the third quarter of 2023, totalling €2,224, compared to €2,094 in the same period ...

Cypriots were out and about in the shops over the holidays but there was no significant uptick in Christmas purchases, other than at supermarkets, the head of the small shopkeepers ...

In the tumultuous landscape of 2023, the global economic and sociopolitical spheres were rife with challenges that tested the mettle of governments, organisations, and businesses of all sizes across the world ...

Here are the top business stories in Cyprus from the week starting December 18: Tourist arrivals in Cyprus between January and November 2023 reached 3,722,022 visitors, reflecting a notable increase of 20.4 per cent ...

Amidst the ongoing Israel-Gaza conflict, concerns about the safety and stability of Cyprus for potential property investors have surfaced. However, Cyprus property market stakeholder Chris Michael released a statement assuring ...

Euro-backed stablecoins will see booming growth, gaining a 0.5 per cent share in total Euro circulation volume within a 3-year period, according to analysts from a Cyprus-based fintech firm and a ...

The year 2022 marked a groundbreaking 85.8 per cent increase in tourist arrivals to Cyprus, reaching a staggering 4,833,939 compared to figures from 2021, according to a report released this week by the state’...

The Research and Innovation Foundation (RIF) this week announced that it has launched its CO-DEVELOP-REPowerEU programme, offering businesses a chance to secure €600,000 in funding for collaborative ventures with research organisations. ...

In a statement to the Cyprus News Agency (CNA), Marios Tsiakkis, the General Secretary of the Cyprus Chamber of Commerce and Industry (Keve), voiced dissent against the Minister of Labour’...

Adsterra, the Cyprus-based AdTech leader, announces its sponsorship of AEL Limassol Women Basketball Club (AEL BC), marking a significant step in the empowerment of women in sports. The collaboration underscores ...

Cypriot indie gaming company Apella Games announced on Friday that it has won a major battle against tech giant Apple Inc., which tried to block the startup from registering its ...

Cyprus Finance Minister Makis Keravnos on Friday stated that the utilisation of the available financial instruments of the European Investment Bank (EIB) has long been a target of the government, ...

National investment promotion agency Invest Cyprus on Friday announced that it has successfully secured the directorship for the Eastern Europe region of the World Association of Investment Promotion Agencies (WAIPA). ...

The real estate market in Cyprus witnessed significant activity in high-value property transactions during the month of November 2023, according to data released by Ask Wire, a Cypriot firm combining real ...