Cyprus Business News

The services sector performed very well in 2023 said the Employers and Industiralists Federation (Oev), with significant improvements registered in several key areas. Notably, the indicators for accommodation and catering services ...

In March 2023, total beer shipments experienced a notable increase, rising by 10 per cent year-on-year. This growth was primarily driven by domestic shipments. According to the data from the Cyprus Statistical ...

Minister of Agriculture, Maria Panayiotou praised the economic value of the wine industry and revealed plans for global promotion through international events and financial support. “The determination of the government ...

Here are the top business stories in Cyprus from the week starting April 1: In a notable development in Cyprus, two brothers, George Geratziotis and Dr. Alexandros Geratziotis, have spearheaded an ...

In a bid to enhance sustainable development practices, banking and financial institutions are gearing up to introduce a groundbreaking tool for assessing companies’ compliance with Environmental, Social, and Governance (ESG) ...

Cyprus witnessed a notable increase in total new loans in February 2024, reaching €575.5 million, compared to €462.7 million in the previous month, according to a report released on Friday. This surge is ...

Any tax reform should strive towards fiscal policies that strive for sustainable finances and ecconomic Equity By Orestis Aristides With regards to personal income tax, the option of taxing family ...

Cyprus experienced an increase in both production and producer prices in the construction sector during the year 2023, according to a report released on Friday by the Cyprus Statistical Service (Cystat). ...

The recently held TEDxMolos event, which took place on March 27 at the Plevsis Hall in Limassol’s Old Port area, truly lived up to its theme of ‘Local Legends: From ...

The 2nd Cyprus Forum Cities, the largest local government conference in Cyprus, is set to be held in Limassol on April 18-19, 2024. This forum is characterised by its commitment to ...

Cyprus witnessed a notable increase in total new loans in February 2024, reaching €575.5 million, compared to €462.7 million in the previous month, according to a report released on Friday. This surge is ...

Kyriakos Iordanou, the General Manager of The Institute of Certified Public Accountants of Cyprus (ICPAC), acknowledged in a recent address the numerous challenges that both business and people must face. ...

Sir Stelios Haji-Ioannou has joined the board of The Hellenic Initiative (THI), an organisation investing in Greece through philanthropic actions and programmes focused on economic recovery, according to an announcement ...

Alpha Bank Cyprus on Friday announced the launch of a new deposit product, offering a fixed deposit rate of 2.50 per cent annually for twelve-month deposits exceeding €70,000. “With a focus on ...

Cyprus experienced a notable surge in consumer prices in March 2024, with olive oil prices skyrocketing by 61.7 per cent, when compared to March 2023, according to a comparison table of consumer price ...

The Public Debt Management Office (PDMO) this week unveiled the interest rates for six-year nominal government bonds for individual investors, effective from the second series (July) of 2024. An announcement released ...

The Central Bank of Cyprus (CBC) this week completed its annual reassessment of the identification of credit institutions falling within the definition of Other Systemically Important Institutions (O-SII) for the ...

The number of registered unemployed individuals in Cyprus at the end of March 2024 saw a significant decrease of 13.5 per cent, compared to March of the previous year, according to a ...

More than €8 billion of major developments have been planned to be carried out in Cyprus, the Association of Large Investment Projects’ chairman Andreas Demetriades said on Thursday. Demetriades was speaking ...

BBF is widely recognised as a leader among the top three development companies in Cyprus, specialising in high-end residential and commercial developments. Headquartered in Limassol, Cyprus, with additional branches in ...

Cyprus witnessed an increase in house prices during the fourth quarter of 2023, with the House Price Index (HPI) rising by 1.6 per cent during this time, according to a report released ...

Cyprus’ tourism revenue experienced a slight decline in January 2024, when compared to January 2023, while per capita tourist spending saw an increase, according to a report released by the Cyprus Statistical ...

Inflation in Cyprus witnessed a significant deceleration in March 2024, recording the lowest rate of increase in nearly three years, standing at 1.2 per cent year-on-year. This downturn primarily stems from a ...

Cypriot authorities must capitalise on the economy’s robust performance and promote structural changes that will further unlock the country’s potential growth and development outlook, an official of the ...