Cyprus Business News

Hotel occupancy rates in Cyprus are expected to be lower during the upcoming summer, compared to the same period in 2023, according to the president of the hotelier’s association (Pasyxe) ...

The Easter holiday season saw restaurants, bars and other venues across Cyprus suffer a 50 per cent decline in business activity, compared to the previous year, according to Neophytos Thrasyvoulou, president ...

Deputy Minister of Tourism Kostas Koumis is currently visiting the United Arab Emirates to attend the Arabian Travel Market tourism exhibition, which is taking place in Dubai. “Over the last ...

Here are the top business stories in Cyprus from the week starting April 29: The Cyprus Shipping Chamber (CSC) recently announced its support for the adoption of the Net-Zero Industry Act ...

The agriculture ministry this week launched a new price observatory for fruit and vegetable products named ‘e-Kofini’, aimed at ensuring transparency and fair prices in the local market. The platform ...

The Cyprus Securities and Exchange Commission (CySEC) welcomed the findings of a Moneyval report released a day prior regarding progress made in addressing money laundering and terrorism financing. Moneyval is ...

Cyprus’ Industrial Turnover Index reached 124.3 units in February 2024, with 2021 being the base year, set at 100 units, marking a 5.2 per cent increase compared to the same month in 2023. According to a ...

The Research and Innovation Foundation (RIF) this week announced the launch of two new programmes, titled Excellence and Post-Doc respectively, with a total budget of €14.5 million. According to the announcement, ...

The Cyprus Statistical Service (Cystat) announced on Thursday that the government’s surplus for the period January-March 2024 reached €523 million, equivalent to 1.7 per cent of the GDP. This marks an increase ...

Cyprus’ Producer Price Index in Industry reached 121.5 units in March, with 2021 acting as the base year, set at 100 units, marking an annual decrease of 3.9 per cent, marking the ninth consecutive ...

Limassol port has seen a substantial rise in wheeled cargo traffic since DP World Limassol (DPWL) took over its operation, processing around 60,000 multipurpose Ro-Ro units (Roll-on, Roll-off) in 2023 alone, according ...

Cyprus’ retail sector experienced a significant upturn in March 2024, according to a report from the Cyprus Statistical Service (Cystat) released on Thursday. The report disclosed a 5.5 per cent increase in ...

Inflation soared to its highest level since October 2023 in April of this year, according to a report released on Thursday by the Cyprus Statistical Service (Cystat), reigniting concerns amongst consumers ...

Limassol port has seen a substantial rise in wheeled cargo traffic since DP World Limassol (DPWL) took over its operation, processing around 60,000 multipurpose Ro-Ro units (Roll-on, Roll-off) in 2023 alone, according ...

The acquisition of CNP’s insurance operations in Cyprus and Greece is expected to lead to increased and more varied revenue streams for Hellenic Bank, according to a report released ...

A recently held property conference held in Larnaca expressed great confidence about the city’s real estate prospects, while also providing assurances that the redevelopment of the port and marina ...

Leading PayTech firm payabl., which has offices in Cyprus, Germany, Netherlands and the United Kingdom, on Thursday marked a significant achievement as it commemorated 12 years as a principal member of ...

The Cyprus Real Estate Agents Registration Council released a statement on Tuesday expressing support for a new government bill related to the frequency of property valuations, saying that this will ...

The Cyprus general government generated a surplus of €45.1 million during the final quarter of 2023, compared to a surplus of €29.2 million in the same period of 2022, according to a report released ...

Household debt in Cyprus stood at 66 per cent of Gross Domestic Product (GDP) at the end of 2023, while corporate debt reached 133 per cent of GDP, according to the Central Bank ...

Cyprus residents’ spending on travel abroad reached €1.39 billion in 2022, marking a significant bounce-back year for travel compared to 2021, when pandemic restrictions were still heavily impacting global mobility. According to data ...

The Cyprus Real Estate Agents Registration Council released a statement on Tuesday expressing support for a new government bill related to the frequency of property valuations, saying that this will ...

The Public Debt Management Office (PDMO) released its annual report for 2023 on Tuesday, stating that the robust cash reserves of the Republic of Cyprus are expected to support the government ...

Agriculture Minister Maria Panayiotou called for an increase in the de minimis threshold regarding state aid in agriculture to €50,000 per single enterprise during the EU Agriculture and Fisheries Council, which ...