Cyprus Business News

The Central Bank of Cyprus (CBC) reported this week that its January 2023 Bank Loan Survey had recorded stricter lending criteria for all categories of loans, resulting in reduced supply and ...

Paphos plans to strengthen its tourism industry through development and innovation, according to Kyriakos Drousiotis, chairman of the district’s regional board of tourism (Etap). Drousiotis emphasised the agency’s ...

Larnaca is quickly becoming a popular tourist destination, according to Costas Koumis, the Deputy Minister of Tourism, who pledged to continue supporting the district’s efforts in making this happen. ...

Cyprus’ trade deficit increased by approximately €1 billion during the first two months of the year, compared to the same period last year, according to a report released this week by ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced the establishment of the Cyprus-Cambodia Business Association, which aims to promote and strengthen economic and business relations between the ...

Labour union Democratic Labour Federation of Cyprus (Deok) this week issued a statement expressing strong dissatisfaction with the “manifestly inadequate sentence” of suspended imprisonment imposed by the Larnaca permanent criminal ...

By Michael Ioannou Data breaches are an unfortunate reality of the modern digital landscape, and organisations can be categorized into three groups regarding their information security posture: those that have ...

National investment promotion agency Invest Cyprus on Thursday announced that it has selected Marios Tannousis to become its new chief executive officer. “The Board of Directors of Invest Cyprus has ...

Cyprus hoteliers’ association (Pasyxe) president Philokypros Rousounides on Wednesday said that the island benefited from an influx of tourists during the Catholic Easter period, primarily from Great Britain, Poland, Austria, ...

Cypriot fintech Ask Wire this week announced its partnership with the Ministry of Finance, where, as part of their collaboration, it will provide the Cyprus Tax Department with access to ...

Cyprus-based property management company Altia on Wednesday announced that it will be managing a new real estate portfolio known as ‘Starlight’, which will be added to the existing portfolio managed ...

Kineyirou said that the state needs to act to address the challenges in the Cypriot real estate market Council for Registration of Real Estate Agents president Marinos Kineyirou on Monday ...

The Research and Innovation Foundation (Idek) recently organised a two-day information day aimed at highlighting the funding opportunities offered by the European Innovation Council through the Framework Programme for Research ...

Stek president Akis Vavlitis said that there is no alternative to focusing on quality tourism The president of the Association of Cyprus Tourist Enterprises (Stek) Akis Vavlitis on Monday said ...

Mining company Venus Minerals has noted that a recent study by archaeologists at the University of Gothenburg has revealed that a village in Larnaca was one of the most important ...

ASBIS and Lanitis Group will invest €1.2 million to help fuel cancer biotech Theramir’s growth and expand its portfolio of stem cell and microRNA-based technologies Cypriot biotech company Theramir, which ...

By Ioannis Tirkides Economists have no great answers to the question of how wages should change with inflation, and certainly the automatic cost-of-living adjustment mechanism is highly controversial. But there ...

Here’s a summary of the top business news stories from the week starting April 3 in Cyprus: Eurobank Cyprus was awarded the “Best Private Banking Boutique in Cyprus” award by ...

The Central Bank of Cyprus (CBC) this week released a report stating that the country’s current account deficit reached €2.46 billion in 2022, equivalent to 9.1 per cent of the country’s ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday released an announcement summarizing all of the actions and initiatives it carried out as part of this year’s Global Money ...

The Cyprus Chamber of Commerce and Industry (Keve) on Friday announced that it offering grants between €2,000 and €5,000 for the development of the domestic Bee Economy, through a new purpose-built scheme, ...

The Bank of Cyprus has once again been recognised as the best bank in Cyprus for 2023 in Private Banking, marking the seventh time the institution has received this accolade, according ...

This year’s Global Entrepreneurship Monitor (GEM) results demonstrate that entrepreneurial education at the school and post-school level in Cyprus is limited. According to the 2021/2022 NES, entrepreneurial training scored lower ...

The Cyprus Statistical Service (Cystat) on Thursday reported a year-on-year drop in construction production during the fourth quarter of 2022, while producer prices in construction saw a significant annual increase of 11.1 ...