Cyprus Business News

President of the Paphos Chamber of Commerce (Evep) George Mais has called upon the government to boost entrepreneurship in the district, highlighting the challenges faced by the business community in ...

Cyprus’ Industrial Production Index continued to experience an upward trajectory, increasing by 3 per cent in August 2023, reaching 121.8 points, with 2015 being set as the base year, compared to August 2022, according to ...

Deputy Minister of Shipping Marina Hadjimanoli is traveling to Athens on Monday to participate in the 8th tripartite ministerial meeting of Greece, Cyprus and Malta on shipping issues to be ...

Here are the top business stories in Cyprus from the week starting October 23: Cyprus witnessed a significant increase in its government debt-to-GDP ratio at the end of the second quarter ...

Despite numerous challenges stemming primarily from rising loan interest rates, persistent inflation, the repercussions of the war in Ukraine, and the ongoing shockwaves of the coronavirus pandemic, the Cyprus real ...

Cyprus is a treasure trove of historic buildings and cultural landmarks, many of which have been designated as listed properties. These historical gems offer not only a glimpse into the ...

Athens-based cruise line Celestyal Cruises this week showcased its largest fleet addition, the Celestyal Journey, at Limassol port. The vessel is part of the cruise routes initiated last September and ...

The Central Bank of Cyprus (CBC) on Friday announced that it has set the reference interest rate for the October-December 2023 quarter at 11.52 per cent. This decision comes in accordance with ...

Cyprus witnessed a modest annual increase in total petroleum product sales in September, despite the prevailing trend of elevated fuel prices, according to a report released on Friday by the ...

Minister of Agriculture Petros Xenophontos attended a meeting with the Italian Ambassador to Cyprus Federica Ferrari Bravo, where they both agreed to work closely in the fisheries and agriculture sectors, ...

The Nicosia Tourism Board (Etap) this week announced its participation in the highly anticipated World Travel Market (WTM) London 2023 exhibition, in an effort to boost the capital’s status as ...

The European Digital Innovation Hub in Cyprus (DiGiNN) was officially inaugurated on Wednesday at The Cyprus Institute’s premises, according to an announcement released on Thursday. Deputy Minister of Research, ...

Cyprus’ real estate market witnessed a record number of sales during the second quarter of 2023, reaching a level not seen in 15 years, according to a report released this week by ...

Lending criteria for both businesses and households in Cyprus remained tight during the second quarter of 2023, reflecting the cautious approach adopted by Cypriot banks, according to a report released this ...

Cypriot lender CDB Bank announced on Thursday that it actively supports Cyprus’ endeavours to attract investment funds, serving as a Silver Sponsor at the 9th International Funds Summit & Expo ...

In today’s rapidly changing global market, the pace of technological progress is truly impressive. It’s not just about keeping up with the competition; it’s about taking an ...

The 36th annual conference of the International Investment Funds Association (IIFA), hosted in Cyprus from October 23 to 25, 2023, has concluded successfully, the Cyprus Investment Funds Association (CIFA) said on Thursday, noting ...

Invest Cyprus, the national investment promotion agency, played a prominent role in the World Investment Forum (WIF) in Abu Dhabi, an event organised by the United Nations Conference on Trade ...

Cyprus has recorded a fiscal surplus of €676.3 million, representing 2.4 per cent of the Gross Domestic Product (GDP) for the year 2022, according to an announcement by the Cyprus Statistical Service. Additionally, ...

The total value of deposits in Cyprus witnessed a substantial increase of €87.7 million in September 2023, marking a recovery after two consecutive months of decline, according to a report released by ...

The Central Bank of Cyprus on Wednesday announced that Gabriel Makhlouf, the governor of the Central Bank of Ireland, concluded his visit to Cyprus, after an invitation had been extended ...

President Nikos Christodoulides this week underlined the government’s commitment to building a resilient economy, with a focus on modernity, justice, transparency, and the green and digital transition at its ...

In a resounding endorsement of Cyprus’ burgeoning investment sector, the 36th Annual International Investment Funds Association (IIFA) Conference kicked off in Limassol on Tuesday, welcoming delegates from major Funds and ...

Central Bank of Ireland governor Gabriel Makhlouf on Tuesday stressed the importance of closely monitoring the ongoing geopolitical crisis in the Middle East due to its potential economic implications. In ...