Cyprus Business News

Deputy Minister of Tourism Kostas Koumis on Friday said that tourist arrivals for the first four months of 2024 indicate that the island can achieve its goals for the year, despite ...

Tourist arrivals to Cyprus in April 2024 amounted to 333,563, marking a decline of 2.7 per cent from 342,736 in April 2023, according to data released on Friday by the Cyprus Statistical Service (Cystat). Over ...

The Cyprus Statistical Service (Cystat) announced on Friday that the Price Index of Construction Materials for April 2024 reached 117.22 units, which marks a marginal increase of 0.02 per cent compared to the ...

Cypriot banks are well-capitalised and have shown a remarkable reduction in non-performing loans (NPLs), stated Claudia Buch, the new Chair of the Single Supervisory Mechanism (SSM). However, she urged caution ...

Bank of Cyprus Group CEO Panicos Nicolaou described 2023 as a milestone year for the organisation, as it became the first bank in Cyprus and Greece to secure approval from the ...

The Research & Innovation Foundation (RIF) on Friday unveiled its revamped innovation vouchers programme, offering €10,000 per project along with free support services to Cypriot small and medium-sized enterprises (SMEs). According ...

House Speaker Annita Demetriou this week held a meeting with a delegation from the Cyprus Shipowners’ Association (CSA), where they discussed problems and challenges facing the Cypriot shipping industry. Demetriou ...

Eurobank Holdings this week released its financial results for the first quarter of 2024, showcasing significant growth and robust performance across various metrics, including in its operations in Cyprus. “Our performance ...

Ascation’s founding visionaries George Tziazas and Minas Kyriakou chart Ascanio’s course, including their early struggles and triumphs, as well as the support they received along the way. By ...

The Bank of Cyprus on Thursday released its financial results for the first quarter of 2024, posting a profit after tax of €133 million. While this figure represents a 4 per cent drop ...

Andreas Demetriades will continue to lead the Cyprus Association of Large Investment Projects, following a decision made at the annual general assembly on Wednesday, which was held in Nicosia, in ...

Hellenic Bank on Thursday announced that it achieved a recertification under the International Energy Management System ISO 50001, focusing on energy management, for yet another year. “With a focus on energy ...

Cyprus is among the top three countries in the Eurozone with the highest growth rate in 2024, government spokesman Konstantinos Letymbiotis said on Thursday. In terms of further support measures, he ...

The Research and Innovation Foundation (RIF) announced on Thursday the launch of the “EIG CONCERT-Japan” initiative, which boasts a substantial budget of €400,000. This programme is designed to foster scientific collaboration ...

The Deputy Ministry of Tourism recently revised the inventory of hotels and tourist accommodations in Cyprus, with the majority of these not meeting the necessary compliance criteria. The latest data ...

The Bank of Cyprus on Thursday released its financial results for the first quarter of 2024, posting a profit after tax of €133 million. While this figure represents a 4 per cent drop ...

The Cypriot economy exhibited its highest growth rate in the last five quarters during the first quarter of 2024, with Gross Domestic Product (GDP) increasing by 3.5 per cent compared to the ...

President of the Cyprus Hotel Association (Pasyxe) Thanos Michaelides this week raised concerns about a slowdown in summer bookings, indicating that 2024 may see a downturn compared to previous years. Michaelides ...

The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, and the Cyprus Fiduciary Association (CYFA) inked a memorandum of understanding (MoU) on Wednesday, aiming to bolster their ties and ...

The inaugural Cyprus Forum London commenced on Wednesday morning, at the Cyprus High Commission’s premises in central London, organised by the non-governmental organisation ‘Oxygen for Democracy’, in collaboration with ...

President Nikos Christodoulides praised the Cyprus Association of Large Investment Projects for its contribution to the economy, while also stressing the importance of public-private sector collaboration in order to address ...

The Deputy Ministry of Tourism announced on Wednesday that the license renewal process for self-catering accommodation units, including villas, houses, and apartments, has started. This process will solely be conducted ...

The GB-CY International Investment Conference 2024, which took place on May 9, was a resounding success, according to an announcement released by the organisers on Wednesday. Hosted by the Great Britain-Cyprus Business ...

President of the Cyprus Hotel Association (Pasyxe) Thanos Michaelides this week raised concerns about a slowdown in summer bookings, indicating that 2024 may see a downturn compared to previous years. Michaelides ...