Minister promotes Cyprus’ maritime role in Hong Kong
Deputy Shipping Minister Marina Hadjimanolis attended the Global Shipping and Trade Summit in Hong Kong, as part of the overall efforts to bolster the island’s global maritime profile and ...
Cyprus’ industrial output climbs in 2024
Industrial production in Cyprus increased by 4.1 per cent in the first nine months of 2024 compared to the same period in 2023.
This was supported by growth in manufacturing, mining, and water ...
Cyprus loans fall by €213m in October, deposits rise by €378m
Total loans in Cyprus fell by €213 million in October 2024 compared to the previous month, according to a report from the Central Bank of Cyprus (CBC).
The report also showed that ...
Cyprus Business Now: CNP acquisition, BoC bonds, Petrolina deal
Petrolina (Holdings) Public Limited (PHL) has announced the completion of a €48.6 million deal to acquire ExxonMobil Cyprus.
According to the announcement, this includes the company’s 68 Esso-branded service stations, marking ...
Cyprus-based cloud services firm enters strategic partnership
Cyprus-based Ralliton and global software provider SoftwareOne Holding AG this week announced that they have entered into a strategic partnership.
According to the announcement, the partnership aims to deliver advanced ...
Moody’s upgrades Bank of Cyprus bonds to Aaa
Ratings agency Moody’s this week upgraded the rating of the Bank of Cyprus’ covered bonds to Aaa from Aa2.
This follows a revision of Cyprus’ local-currency bond ceiling to ...
Skills development vital for Cyprus’ economic future, president says
President Nikos Christodoulides on Thursday said there was an urgent need to link education with the labour market, in order to equip Cyprus’ youth for the demands of the modern ...
Petrolina acquires ExxonMobil Cyprus in €48.6 million deal
Petrolina (Holdings) Public Limited (PHL) has announced the completion of a €48.6 million deal to acquire ExxonMobil Cyprus.
According to the announcement, this includes the company’s 68 Esso-branded service stations, marking ...
Cyprus Computer Society mourns loss of president Costas Agrotis
The Cyprus Computer Society (CCS) on Thursday announced the passing of its president Costas Agrotis.
The announcement described Agrotis as a pioneer, visionary, and cornerstone of the Cypriot IT community.
“...
Competition watchdog approves Hellenic Bank’s acquisition of CNP Cyprus
Hellenic Bank on Thursday announced that the Commission for the Protection of Competition has approved its acquisition of CNP Cyprus Insurance Holdings.
This represents a major step forward in the ...
Swedish embassy event to showcase green tourism solutions
Sweden’s embassy in Cyprus is set to host an event on ‘Sustainable Tourism for the Future’ today, according to an official statement.
The event will highlight innovative green solutions ...
Cyprus petroleum sales up 3.5 per cent in October
Petroleum product sales in Cyprus saw a 3.5 per cent increase in October 2024 compared to the same month in 2023, reaching 135,250 tonnes, according to a report released by the Cyprus Statistical Service.
...
Cyprus Business Now: sustainable tourism, growth rate, EU economy report
European authorities this week confirmed Cyprus’ financial and economic stability in their 17th post-programme surveillance mission.
The latest report, released on Tuesday from the European Commission, European Central Bank (ECB), ...
Koumis makes case for sustainable tourism, praises Paphos’ year-round appeal
Cyprus and Greece must focus on sustainability to enhance their tourism offerings, according to Deputy Tourism Minister Costas Koumis.
Speaking at the 2nd Cyprus-Greece Business Forum on Wednesday, Koumis underlined ...
Cyprus’ economy stable but risks loom, says EU report
European authorities this week confirmed Cyprus’ financial and economic stability in their 17th post-programme surveillance mission.
The latest report, released on Tuesday from the European Commission, European Central Bank (ECB), ...
VTTI marks 10 years in Cyprus, green energy projects on agenda
Energy infrastructure company VTTI celebrated ten years of operations in Cyprus, marking a decade as a key player in the Eastern Mediterranean energy market.
The milestone was highlighted in an ...
Tour guides perform key role, says tourism ministry
The board of the World Federation of Tourist Guide Associations (WFTGA), led by its president, Sebastian Frankenberger, is currently in Cyprus to advance international training programmes and discuss industry developments.
...
CFA Society Cyprus highlights initiatives under new leadership
CFA Society Cyprus this week highlighted a series of initiatives led by its president Nikos Potamaris, following the election of its new board of directors in July of this year.
...
Cyprus Business Now: Fitch report, cooperative bank plan, hotel association
Fitch Ratings projects limited fiscal improvement across European countries, citing uneven adjustments in debt reduction and growth trajectories.
However, the agency mentioned that Cyprus continues to stand out with a ...
payabl. becomes a donor of TechIsland
TechIsland, is delighted to announce that payabl., a global leader in fintech innovation, has become one of the association’s Donors. payabl. has been one of TechIsland’s earliest members ...
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Fitch highlights Cyprus’ positive fiscal outlook (updated)
Fitch Ratings projects limited fiscal improvement across European countries, citing uneven adjustments in debt reduction and growth trajectories.
However, the agency mentioned that Cyprus continues to stand out with a ...
Cyprus promotes products at China expo
Cyprus showcased a range of traditional products at the 7th China International Import Expo in Shanghai, offering free samples of juices, wine, commandaria, zivania, and halloumi.
The event, held from ...
Hellenic Bank to merge with Eurobank following €1.2 billion deal
Eurobank, already holding a majority stake in Hellenic Bank, is set to complete a full acquisition in a deal worth approximately €1.2 billion, making it one of the largest cash transactions ...
‘Conditions are now ripe for a new cooperative bank’
The Pancyprian Cooperative Promotion Society unveiled its roadmap for establishing a new nationwide cooperative bank during a Monday evening event in Limassol, under the theme of ‘One for all and ...