Cyprus Business News

The Central Bank of Cyprus (CBC) this week announced that it has decided to retain the countercyclical capital buffer (CCyB) at 1 per cent, in accordance with the Macroprudential Supervision of ...

Aegean Airlines and Cyprus Airways on Thursday announced that they have signed a long-term ACMI (wet lease) deal in which the Cypriot flag carrier will lease two Airbus A320 aircraft ...

The European Commission’s latest report on Cyprus’ economic and financial outlook for Autumn 2023 has outlined a series of projections and assessments, painting a nuanced picture of the country’s ...

Cypriot company Davion Healthcare Plc, a leading medical device manufacturer, has announced that it has entered into an agreement with the Bank of New York Mellon, a renowned financial institution, ...

Leading Cypriot shipping services firm Tototheo Maritime on Wednesday announced that it has been certified as a Great Place to Work in both Cyprus and Greece, for the period from ...

The Cabinet of Ministers on Wednesday approved the National Maritime Spatial Plan, in what is being described as a decisive move that aims for the holistic development of Cyprus’ shipping ...

Cyprus-headquartered Exness, the world’s largest online retail broker and one of the island’s most renowned employers, has just celebrated its 15th anniversary with a week-long series of grand ...

Freedom Finance Europe this week announced the inauguration of 3 new offices in the Netherlands, Austria, and Bulgaria, marking another step in its growth trajectory. The company noted that this expansion “...

The Cyprus Stock Exchange (CSE) on Wednesday announced the initiation of a consultation process by the Ministry of Finance regarding the proposed bill for the privatisation of the exchange. Titled “...

The harmonised index of consumer prices in Cyprus recorded a year-on-year rate of 2.4 per cent in November 2023, marking a slowdown compared to the rate of 3.6 per cent observed in October 2023, ...

Rating agency Capital Intelligence recently revised its outlook for the Bank of Cyprus’ (BoC) Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Ratings (BSR) from stable to positive. The ...

State-owned asset management company Kedipes on Tuesday announced the signing of an agreement with the Bank of Cyprus (BoC) for the sale of a portfolio of serviced and up-to-date restructured ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday announced the conclusion of a groundbreaking event, conducted in collaboration with the NGO Citizens in Power and the Chartered Financial Analyst (...

‘Wealth Management is for all’ Hellenic Bank’s Wealth & Investment Services recently hosted a client forum, placing the spotlight on the recent market developments and investment trends. The discussion ...

National investment promotion agency Invest Cyprus on Monday released a statement reaffirming its commitment to cross-border education by fostering collaborations between tertiary education institutions in the United Kingdom and Cyprus. ...

The Construction Materials Price Index in Cyprus has experienced a marginal increase of 0.08 per cent in November 2023, when compared to the same period last year, with significant hikes in mineral ...

The Central Bank of Cyprus (CBC) on Monday released a report delving into the country’s financial stability in 2022, as well as its preliminary estimates for the current year, noting ...

Tourist arrivals in Cyprus between January and November 2023 reached 3,722,022 visitors, reflecting a notable increase of 20.4 per cent when compared to the same period in 2022, according to a report released on ...

Here are the top business stories in Cyprus from the week starting December 11: The Ministry of Finance on Monday announced that the Republic of Cyprus and France ratified an updated ...

The European Central Bank opted to keep interest rates stable on Thursday and hinted at an impending conclusion to its final bond purchase programme. This move marks the conclusion of ...

Hellenic Bank this week announced that its wealth and investment services division hosted a forum aimed at understanding the challenges and trends shaping the investment landscape, in an effort to ...

The number of job vacancies surged by 3,100 positions, marking a substantial 33.8 per cent increase during the third quarter of 2023, reaching a total of 12,274, compared to the same quarter in the ...

The Cyprus Association of Travel Agents (ACTA) this week announced its new administrative council for the term 2023-2026, appointing Harris Papacharalambous as the new president. In a statement released following ...

Public sector employment in Cyprus experienced a notable fluctuation during the third quarter of 2023, with an increase of 1,878 individuals compared to the same period in 2022, according to a report released ...