Cyprus Business News

Cyprus’ competition watchdog has ruled that competition in the country’s banking market remains healthy, approving Eurobank’s acquisition of a 26.1 per cent stake in Hellenic Bank. With the transaction, ...

Fitch Ratings on Monday upgraded the Shareholder Support Rating (SSR) of Hellenic Bank Public Company Limited (Hellenic Bank) to “bb” from “bb-“. According to the agency, this follows the recent ...

50 women entrepreneurs recently celebrated the launch of the Academy for Women Entrepreneurs (AWE) 2024, marking the second year of the programme’s implementation in Cyprus. The event, which took place on ...

Cyprus’ competition watchdog has ruled that competition in the country’s banking market remains healthy, approving Eurobank’s acquisition of a 26.1 per cent stake in Hellenic Bank. With the transaction, ...

Foreign investors in Cyprus are increasingly shifting their focus from luxury properties to more affordable housing, driven by a desire for residency permits rather than citizenship. This shift, according to ...

Business accelerator Kinisis Ventures on Monday announced the launch of Kinisis Venture Fund II (KVF II), a new investment fund under the KV Kinisis Ventures Fund in Cyprus. According to ...

Mad Crusader’s Yarr Rash speaks to the Cyprus Mail about turning ideas into global IPs Following the recent announcement of a €30 million investment in premium AA games by Mad ...

The number of job vacancies rose by 5.8 per cent year-on-year in the second quarter of 2024, with an increase of 4.1 per cent compared to the first quarter of the year. According ...

Cyprus, the sun-soaked Mediterranean island, has long been known for its pristine beaches and ancient ruins. But in recent years, a new attraction has been drawing a different kind of ...

Employment in the public sector in Cyprus saw a 3.3 per cent increase in the second quarter of 2024 compared to the same period in 2023. According to the Cyprus Statistical Service (Cystat), ...

Here are the top business stories in Cyprus from the week starting September 9: Influencers in Cyprus are currently facing increased scrutiny as authorities ramp up checks on tax compliance and ...

Bank of Cyprus shareholders on Friday approved the listing of the bank’s ordinary shares on the Athens Stock Exchange (ATHEX), pending a delisting from the London Stock Exchange (LSE). ...

The Bank of Cyprus on Friday announced an immediate reduction in its reference rate for loans linked to the European Central Bank’s (ECB) base interest rate. According to the ...

Bank of Cyprus shareholders on Friday approved the listing of the bank’s ordinary shares on the Athens Stock Exchange (ATHEX), pending a delisting from the London Stock Exchange (LSE). ...

Gross betting revenue in Cyprus reached €287.8 million during the second quarter of 2024, according to the National Betting Authority. The authority clarified that this figure refers to both in-shop betting (Class ...

Deputy Minister of Shipping Marina Hadjimanolis recently highlighted the importance of maritime education while speaking at the ceremony of the Merchant Marine Academy of Chios. During her speech, which took ...

Larnaca Marina’s berthing fees are “considered very competitive” compared to other commercial marinas on the island, according to the transport ministry. The ministry made the statement as part of ...

Magify, a Cyprus-based business intelligence and LiveOps platform for game developers, has raised €1 million in funding from Steam Power Investments, founded by former executives of Melsoft. According to an official ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced the establishment of the Cyprus-Baltic States Business Association. According to an announcement from the chamber, this initiative was implemented “...

Visitor numbers at restaurants, cafes and bars in Cyprus reached 90 per cent of their total capacity in August, according to Neophytos Thrasyvoulou, president of the Federation of Leisure Centre Owners (...

Approximately one in four employees, estimated to number 122,315 people, are expected to work in sectors contributing to the green economy, according to Cyprus’ Human Resource Development Authority (HRDA). The European ...

Eurobank Cyprus on Thursday announced that it explored the deepening of business relations with India through its participation in the India Mediterranean Business Conclave. The forum, which was held by ...

Approximately one in four employees, estimated to number 122,315 people, are expected to work in sectors contributing to the green economy, according to Cyprus’ Human Resource Development Authority (HRDA). The European ...

Chief scientist Demetris Skourides recently made an appearance at the Chief Science Advisors Roundtable (CSAR 2024), marking the first time Cyprus was represented at the event. Organised by UNESCO and the ...