Cyprus Business News

According to preliminary data from the Cyprus Statistical Service (Cystat), the trade deficit in Cyprus increased significantly in January 2023, as imports increased more than three times the increase in exports. ...

Ayia Napa mayor Christos Zannetou on Monday said that the signs and feedback garnered at the ITB Berlin tourism conference in Germany have been positive, with the feeling of optimism, ...

The number of building permits in Cyprus, as well as the total useful floor area, experienced a significant decline during the period between January and December 2022, according to a report ...

Electricity from renewables fed into the grid will this year be cut back by an estimated 6 to 8 per cent, to ensure stability of the system, the Transmission System Operator (TSO) ...

Germany is shaping up to be an important source of tourism for Cyprus, with more than 200,000 visitors expected in 2023, according to recently-appointed Deputy Minister of Tourism Costas Koumis. Koumis visited ...

Rising interest rates are causing shocks in the Cypriot real estate sector, with the government being called to intervene to prevent any long-term consequences, Council for Registration of Real Estate ...

Hellenic Bank this week announced that it has issued a new €200 million Tier 2 Subordinated bond under the EMTN Programme. According to the announcement, the bond was issued at its nominal ...

Cyprus marine technology company Marine-Fields Holding Ltd on Friday announced that it has expanded its presence in Germany through the acquisition of BM Bergmann Marine GmbH. The company said that ...

Non-profit organisation TechIsland this week announced a partnership with an annual international educational initiative for project-driven software development. TechIsland is becoming the ecosystem partner of Joint Advanced Student School(JASS), ...

The new Deputy Minister of Research, Innovation and Digital Policy has started to meet with various key stakeholders, including the ambassadors of Japan, Estonia and Greece. The Deputy Minister also ...

Ariana Resources, a mineral exploration and development company with gold mining interests in Europe, this week released a financing and initial public offering update on Cypriot mining company Venus Minerals. ...

The Cyprus University of Technology (Tepak) this week announced its participation in the SIEQUA-CERT project, which focuses on indoor environment quality, something which can affect employee satisfaction and have an ...

The Cyprus Chamber of Commerce and Industry (Keve) on Thursday announced a new initiative to reduce its carbon footprint and further promote the green transition to the local business community. ...

The hybrid working model is here to stay and may offer an advantage for Cypriot businesses competing for domestic and international talent, Kyndryl Cyprus general manager Marios Kapiris said on ...

The Cyprus Computer Society this week released a statement congratulating Deputy Minister of Research, Innovation and Digital Policy Philippos Hadjizacharias for his recent appointment to the role. “The Cyprus Computer ...

Cyprus Airways on Wednesday released passenger results for February, reflecting impressive improvement over the previous year. According to the Cypriot airline’s announcement, the company carried 19,509 passengers in February, compared ...

Central Bank governor Constantinos Herodotou used his keynote address at the Cyprus Maritime Forum on Tuesday to discuss economic developments in the euro area, as well as the performance of ...

The Association for the Protection of Borrowers (Syprodat) this week said that the government should immediately implement a new mechanism or modify any existing frameworks in order to resolve the ...

The beauty and personal care startup Snap is in the process of raising capital through the equity crowdfunding platform CrowdBase, with the company having already raised 70 per cent of the ...

The University of Cyprus on Monday announced the launch of a new project, in which it will link with foreign organisations, aiming to stimulate excellence and innovation capacity at the ...

Household deposit and lending rates in Cyprus experienced a slight decrease in January 2023, while the corresponding rates for non-financial companies increased, according to a report by the Central Bank of ...

The inflation rate in Cyprus reached 6.7 per cent in February 2023, with the Consumer Price Index increasing by 0.87 points to 112.88 points, compared to 112.01 points in January 2023, according to a report by ...

Wealth management for institutional clients requires specialisation in order to deal with the tumultuous regulatory environment, as well as all new trends, challenges and opportunities, according to Eurobank Cyprus’ Menelaos ...

Melco Cyprus is fully aware of the role it can play in helping to develop the island’s tourism industry and will ensure that the country becomes a global entertainment ...