Cyprus Business News

The Central Bank of Cyprus (CBC) this week released a report noting that a total of 36 bounced checks were issued during October 2023, amounting to €566,732. Among them, 21 individuals, comprising 14 legal entities ...

Cypriot firm Ask Wire, a technology-informed real estate company, on Thursday released its quarterly report for the local property market. The report indicated a mixed outlook for the real estate ...

Deputy Minister of Tourism Kostas Koumis on Thursday expressed great satisfaction with the outcomes of the meetings held during this week in London, in the context of the annual World ...

A court decision awarding over €780,000 to a depositor who lost his Laiki Bank savings due to the 2013 ‘haircut’ ignited a wave of reactions on Thursday, with the attorney general’s ...

Cyprus has seen a 7.3 per cent reduction in the number of building permits issued during the first eight months of 2023 when compared to the same period the previous year, according ...

Cyprus has witnessed a significant upswing in vehicle registrations, with a remarkable 32.5 per cent annual increase during the first ten months of 2023, compared to the same period in 2022, according to ...

Invest Cyprus president Evgenios Evgeniou on Wednesday called on the Cypriot business community to put forth ideas aimed at attracting foreign investment, which are in line with the priorities of ...

Council suggests a unified housing policy, state land utilisation, and various incentives to address the ongoing housing affordability issue. The Cyprus Economy and Competitiveness Council (Soak) on Wednesday submitted a ...

AstroBank announced on Tuesday that, following a statement issued on September 11, 2023, regarding the potential acquisition of the Cyprus Development Bank (CDB), the two entities have failed to reach a mutual ...

The European Council recently announced changes to the EU list of non-cooperative countries for tax purposes, with several nations being removed and added to the list. These updates will have ...

Professional services firm Deloitte recently celebrated 65 years of its successful presence in Cyprus, according to an official announcement released this week. The significant milestone was commemorated during a special event ...

Cyprus Deputy Minister of Tourism Kostas Koumis attended the prestigious World Travel Market (WTM) in London this week, bolstering Cyprus’ presence at the event, and relaying optimism about the prospects ...

The European Investment Fund (EIF) of the European Investment Bank (EIB), along with Cypriot Finance Ministry, this week announced the launch of Cyprus’ very first equity fund. According to an ...

Energy Minister George Papanastasiou revealed on Tuesday what Cyprus’ proposal to break the deadlock with Chevron’s negotiations on the Aphrodite gas field entails. In an interview with AlphaNews, he ...

Cyprus witnessed record-breaking tourism revenue in August 2023, marking a substantial annual increase of 20.8 per cent, according to a report by the state’s statistical service. In addition, these extraordinary figures ...

Eurobank Cyprus on Monday announced that the bank recently received an award by the University of Cyprus’ Career Office, on account of its significant contribution to a project connecting universities ...

The number of registered unemployed individuals in Cyprus decreased by 17.4 per cent in October 2023, reflecting a drop of 1,951 people, compared to October 2022. According to a report released by the Cyprus ...

The total value of non-performing loans (NPLs) in the Cypriot banking system at the end of August 2023 saw a decrease of €16 million, dropping to €2.08 billion from €2.10 billion at the end ...

The European Institute of Management and Finance (EIMF) on Monday hosted a roundtable discussion featuring representatives from key market and economic entities under the title, “Investing in Professional Skills as ...

Hellenic Bank employees on Monday carried out a three-hour work stoppage starting from 3pm aimed at forcing management to respect collective agreements and labour institutions. The strike was organised by ...

Here are the top business stories in Cyprus from the week starting October 30: The Cyprus Economic Sentiment Index (ESI) saw a minor decline in October, primarily influenced by the weakening ...

By Louis N. Christofides Workers’ earnings in a firm reflect the contribution of labour to the firm’s output, meaning their productivity. Earnings are expressed in nominal terms (e.g., ...

A recent survey conducted on behalf of the Association of British Travel Agents (ABTA) has shed light on new travel trends among British tourists, with Cyprus making it to the ...

New loans in Cyprus reached €578 million in September 2023, indicating a €52.3 million increase compared to the previous month when they stood at €525.7 million, according to a report released this week by ...