Cyprus Business News

Here are the top business stories in Cyprus from the week starting August 21: Entertainment venues in coastal towns are still seeing heightened traffic after the 15 August public holiday, according to ...

Cypriot firm Ask Wire this week released a report detailing the value of the ten most expensive property sales transactions completed in July 2023, along with the cumulative value of the ...

Cyprus-based Multimarine Services Ltd this week announced that it has marked a significant achievement with the successful construction of a floating electrical hub, heralding the island’s entrance into the ...

Eurobank on Friday announced a further increase in its ownership share of Hellenic Bank, with the bank disclosing that it has reached an agreement with Senvest Management LLC to acquire ...

Invest Cyprus CEO Marios Tannousis this week praised the crucial role played by the Cypriot diaspora in promoting the country on the international stage. Speaking at the Global Cypriot Diaspora ...

The chairman of the Cyprus Securities and Exchange Commission (CySEC) George Theocharides on Thursday stated that Eurobank should proceed with a mandatory public offer to the shareholders of Hellenic Bank ...

The cabinet of ministers on Thursday approved an action plan for the provision of incentives seeking to boost mergers and acquisitions between small and medium-sized enterprises (SMEs). As stated after ...

The Limassol tourism board on Thursday held a press conference to officially welcome the upcoming M&I Europe Summer Forum, a major event that is due to take place ...

Cyprus’ transportation and storage sector experienced a substantial growth of 17.3 per cent during the second quarter of 2023, compared to the same period last year, according to a report released this ...

The Association of Cyprus Tourist Enterprises (Stek) and the regional administration of the island of Crete this week announced that they are set to hold an initiative under the banner ...

Greek lender Eurobank on Wednesday announced that it has formally entered into a share purchase agreement with Poppy S.à r.l., outlining its intention to acquire an additional 17.3 per cent ...

The government is “seriously considering” levying a windfall gains tax on banks to offset the earnings they’re making due to the rise in interest rates, reports said on Tuesday. ...

Entertainment venues in coastal towns are still seeing heightened traffic after the 15 August public holiday, according to entertainment venue owners’ federation (Osika) chairman Fitos Thrasivoulou. Speaking to the Cyprus News ...

Israeli hotel group Fattal is set to acquire the Limassol Grand Resort and recently acquired the Latsi Holiday Village Resort, the group announced on Monday. This will extend the company’...

Former Disy leader Averof Neophytou on Thursday called on the government to take immediate measures to deal with the negative trends shown by economic indicators in the second quarter of ...

Political opposition criticised the government on Wednesday, after a 0.4 per cent decrease was noted in a European statistical service (EuroStat) report on the second quarter of the year. According to ...

The European Investment Bank’s (EIB) evaluation study confirms the economic viability of the EuroAsia Interconnector electricity interconnector and the significant positive results resulting from its implementation, the EuroAsia Interconnector ...

Ice cream exports from Cyprus to non-EU countries have been increasing in the past four years but remain far from the quantities exported in previous years, according to Eurostat. At ...

In a groundbreaking development that bridges the European and Philippine markets, Tempo France, a leading international payment system operator, has entered into a landmark partnership with Cebuana Lhuiller, a prominent ...

The property market on the island remains buoyant with even high-end property sales continuing to rise, statistics released by Sotheby’s International Realty real estate agency show. In the first ...

Occupancy rates in Ayia Napa hotels are now similar to those seen before the Covid-19 pandemic, mayor Christos Zannetou said on Friday. Speaking to the Cyprus News Agency, Zannettou explained ...

The Chinese-led consortium with the contract to build a liquefied natural gas (LNG) terminal at Vasilikos have just filed a new timetable, promising to deliver the project by July 2024, the ...

Trade deficit in the first semester of 2023 increased by around €574 million, compared to the corresponding period last year, despite the large decrease of imports in May and June compared to 2022, ...

Electrical interconnections have a critical role to play in our collective efforts to achieve climate neutrality, according to Andreas Poullikkas, Chairman of the Cyprus Energy Regulatory Authority (CERA). Poullikkas explained ...