Cyprus Business News

The savings rate in Cyprus has experienced a decrease, according to preliminary estimates of key macroeconomic indicators from the national accounts for 2023. According to the data, the gross disposable income ...

The Hotel Professionals of Cyprus (Pasydixe) on Monday appointed Polis Kallis as its first general manager, according to an official announcement. The announcement explained that the new role is aimed ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Monday highlighted the importance of taking a forward-looking approach to assessing individual risks, combined with a thorough analysis of the prevailing ...

The Cyprus Securities and Exchange Commission (CySEC) has announced that it has suspended trading of shares for Toxotis Investments Public Ltd on the Cyprus Stock Exchange (CSE). According to an ...

Cyprus and Egypt are set to deepen maritime collaboration through a joint commission, established during Deputy Shipping Minister Marina Hadjimanolis’ recent visit to the country. The October 29 to 31 visit, made ...

Deputy Tourism Minister Kostas Koumis will lead a delegation to London on November 5-7 for the World Travel Market (WTM), according to an official announcement. The objective of participating in ...

Here are the top business stories in Cyprus from the week starting October 28: Financial support and advisory services are essential for Cyprus’ small and medium-sized enterprises (SMEs) to enhance resource ...

The Retail Trade Turnover Value Index in Cyprus saw a 3.1 per cent increase in September 2024 compared to the same month in 2023, according to a report from the Cyprus Statistical Service. ...

By Charles Ellinas Eurostat has just published its report on EU electricity price statistics for the first half of 2024. A subject close to the heart of long-suffering Cypriot electricity consumers. ...

Cypriot residents spent a total of €2.23 billion on travel both within Cyprus and abroad in 2023, according to a report by the Cyprus Statistical Service. In addition, a total of 484,365 residents ...

The Cyprus Mail speaks with Paschalis Nicolaou, a multilingual specialist in international business with extensive experience as a China market consultant. With fluency in Mandarin and a strong foundation in ...

Cypriot residents spent a total of €2.23 billion on travel both within Cyprus and abroad in 2023, according to a report by the Cyprus Statistical Service. In addition, a total of 484,365 residents ...

Cyprus has exceeded €1 billion in bond and loan repayments for the second quarter of 2024, according to the latest bulletin released on Friday by the Public Debt Management Office (PDMO). The ...

Cyprus recorded an increase in short-term household deposit rates in September, alongside declines in consumer and housing loan rates, according to the Central Bank of Cyprus (CBC). Deposits The rate ...

Household debt in Cyprus has dropped by 57 per cent drop since December 2016, according to a report by the Central Bank of Cyprus (CBC). The CBC’s latest quarterly financial accounts ...

Cyprus recorded a substantial improvement in its current account balance in the second quarter of 2024, with the deficit narrowing from €285.4 million in Q2 2023 to €52.9 million, according to preliminary data from ...

Cyprus’ government recorded a €1.4 billion surplus for the January–September 2024 period, representing 4.2 per cent of GDP, according to preliminary data from the Cyprus Statistical Service. This marks a more than ...

Non-profit organisation Cyprus Seeds led a session on commercialising research within the energy sector during its participation at the Synergy Med conference in Limassol. According to an announcement released this ...

The prices within Cyprus’ industrial sector and manufacturing industry have recorded a new decrease, according to a report released this week by the Cyprus Statistical Service (Cystat). Specifically, the Producer ...

Rental prices across Cyprus have surged, impacting not only upscale areas but also more affordable neighbourhoods, prompting the Interior Ministry to take action. The ministry will use data from the ...

Rental prices across Cyprus have surged, impacting not only upscale areas but also more affordable neighbourhoods, prompting the Interior Ministry to take action. The ministry will use data from the ...

October saw high visitor numbers at restaurants, cafes and bars in Cyprus, with occupancy rates reaching 80 to 90 per cent, according to Neophytos Thrasyvoulou, president of the Federation of Leisure Centre ...

President of the Association of Cyprus Banks Aristides Vourakis on Thursday expressed optimism over continued economic growth in Cyprus, driven by recent interest rate cuts from the European Central Bank (...

The adoption of generative AI in workplaces has surged worldwide, reaching 75 per cent in 2024, according to EY’s latest global survey. This represents a significant jump from 22 per cent in 2023, ...