Cyprus Business News

The Deputy Ministry of Shipping on Monday announced that minister Vassilios Demetriades is currently in Japan on an official visit. During his time in the country, the minister will hold ...

PwC Cyprus on Monday said that international investments are crucial to the Cypriot economy, something which was highlighted during the Invest Cyprus International Investment Awards. The event took place on ...

The Bank of Cyprus on Monday announced that it will implement a voluntary retirement scheme that will seek to reduce its staff by 15 per cent, which amounts to approximately 500-600 ...

Employment in the broad industrial sector decreased in 2020 by 1.5 per cent to 39,100 compared to 39,700 in 2019, according to the results of the Survey on Industrial Production 2020, published by the Cyprus Statistical ...

Hermes Airports on Friday said that it welcomes the decision by the EU Transport, Telecommunications and Energy Council and the Environment Council to adopt the proposals by Transport Minister Yiannis ...

The Central Bank of Cyprus released a report this week noting that the country’s international investment position (IIP) improved slightly at the end of the first quarter. In addition, ...

By Charles Ellinas The news is that the President requested a meeting with the ministers of energy and finance, the Cyprus Energy Regulation Authority (CERA) and the Electricity Authority of ...

The Cyprus Chamber of Commerce (Keve) on Thursday successfully held the fourth edition of the Cyprus Diplomat of the Year awards, with Kuwait ambassador Waleed Ahmad Al-Kandari receiving the titular ...

The amount of total deposits in the Cypriot banking system decreased in May, but still represented nearly double the amount of loans, according to a report released by the Central ...

The average gross monthly earnings of employees during the first quarter of 2022, amounted to €2,019 compared to €1,891 during the first quarter of 2021, according to a report released this week by the ...

Cyprus Union Of Shipowners president Andreas Hadjiyiannis on Wednesday hailed the recent decision by the European Parliament to approve shipping’s inclusion in the EU emissions trading system. The plan ...

Rating Agency DBRS Morningstar on Wednesday slashed Cyprus’ baseline growth rate by 0.7 per cent for 2022, citing a deteriorating outlook following Russia’s invasion of Ukraine. In its updated sovereign baseline ...

Cyprus’ Central Bank on Tuesday hailed the adoption by the Cabinet of the report of an ad hoc committee on financial literacy, saying that this is a step forward for ...

The CFA Society Cyprus on Tuesday announced the successful completion of its forum on the future of the Cypriot economy. CFA Society Cyprus, which boasts more than 120 members, is the ...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday announced that it successfully held an event addressing the Indian business community of the United Kingdom. The event, which took ...

The economic sentiment in Cyprus deteriorated in July, pushed downwards by weaker business confidence in services, industry and retail trade. The Economic Sentiment Indicator (ESI) compiled by the University of ...

Shipping Deputy Minister Vassilios Demetriades on Monday flew to Lisbon to attend the UN Ocean Conference taking place in the city, co-hosted by the Kenya and Portugal governments. A press ...

Eliza Livadiotou, Executive Director Finance and Legacy at Bank of Cyprus, speaks exclusively with Cyprus 4.0 about the bank’s history, achievements, sustainability strategy, and significant role in the country’s ...

Earlier this year, MUFG Investor Services, the asset servicing arm of one of the largest global banks in terms of assets, announced its intention of setting up a new operational ...

The Association of Large Developments (Sma) on Friday said that Cyprus should strive to become an international development and business centre, noting that large projects have been the cornerstone of ...

The Cyprus Statistical Service (Cystat) on Friday released its latest tourism report showing that 315,018 tourists arrived in Cyprus in May 2022, a 212.3 per cent year-on-year increase. The number of arrivals stood ...

The digital transformation of businesses is much more than a website, an e-shop or a mobile app. First and foremost, it involves changing our mindset and rethinking from scratch how ...

The Institute of Certified Public Accountants (Selk) on Thursday submitted a six-part plan to further develop the Cypriot economy and businesses. “Maintaining the strength of our economy does not depend ...

By Yiannis Seitanidis EU sanctions against Russia are having a negative impact on businesses in Cyprus, with closures and redundancies as a consequence, according to the European Sanctions Affecting People ...