Cyprus Business News

An estimated 3.6 million unemployed people in the European Union found employment in the fourth quarter of 2021, according to data released on Wednesday by Eurostat, the EU’s statistical service. This ...

Association of Large Developments president and Cyprus Chamber of Commerce (Keve) vice president Andreas Demetriades on Tuesday asked that the government quickly proceeds with the launch of an international tender ...

By Kyriacos Nicolaou and Elias Hazou Inflation is probably here to stay, Finance Minister Constantinos Petrides said on Tuesday, voicing doubts about the planned transition to ‘green energy’. He made ...

By Kiki Kallis The Great Resignation phenomenon is one of the biggest employment challenges of our time. Thousands of workers around the world have left their jobs in pursuit of ...

By Yiannis Seitanides The new sanctions against Russia, which were decided by the European Union member states and came into force on Saturday with their publication in the Official Journal ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced that it successfully held an event on April 5 on nanotechnological solutions in Cypriot companies. The event, which also explored ...

European Investment Bank (EIB) president Werner Hoyer during his visit to Cyprus on Monday confirmed that projects in Cyprus absorbed €303 million during the previous year, with both the private and ...

Hellenic Bank on Monday announced that it has entered into an agreement for both the sale of a non-performing exposures portfolio, as well as the bank’s servicing platform APS ...

Werner Hoyer, the President of the European Investment Bank (EIB), will meet with members of the Cypriot Government on Monday in Nicosia. According to a statement issued by the EIB, ...

The Cyprus Foundation of the Sea (CyFOS) announced on Friday that it successfully held an informational workshop on April 6, exploring blue economy funding opportunities through the European Commission’s research ...

Artemis Banking Information Systems announced on Friday that it has adopted a new name, with the company now being renamed Artemis Credit Bureau Ltd. Artemis is Cyprus’ only credit bureau, ...

Limassol-based regulatory reporting firm Point Nine announced on Thursday that it has agreed to enter a partnership with regulatory specialists Kaizen Reporting. Kaizen Reporting, a London-based firm, have previously combined ...

Inflation jumped to 7.1 per cent, the highest level in 26 years, in March 2022, on an annual basis, according to data released by the Cyprus Statistical Service earlier this week. This is ...

The Paphos regional board of tourism (Etap) this week announced that it participated in the inaugural meeting for the U-Mar Project, in Sicily, as part of the actions of the ...

Revenues from tourism in the first month of 2022 exceeded €28 million, with the rate of decline in revenue compared to the pre-pandemic era, meaning January 2020, remaining lower than the corresponding rate ...

The value of Total Assets under Management reached €11.6 bn in the fourth quarter of 2021, recording a minor decrease of 0.2 per cent compared to the third quarter of 2021, according to the ...

Transport Minister Yiannis Karousos on Wednesday said during a conference held by the Employers and Industrialists Federation (Oev) at the Ayia Napa marina that passenger traffic to Cyprus is expected ...

PwC Cyprus Director of Technology Advisory Services Minos Georgakis on Tuesday said the pandemic accelerated companies’ digital acceleration, forcing organisations to adapt to the new normal. Georgakis differentiated between the ...

European Community Shipowners’ Associations (ECSA) president Philippos Philis on Tuesday said that the shipping industry cannot choose to ignore global decarbonisation efforts, despite the complex nature of the undertaking. Philis, ...

The finance ministry and the tax department on Tuesday indicated their agreement for certain companies to be exempt from annual audits. The discussion took place at the House commerce committee, ...

The Central Bank of Cyprus on Monday said that the coronavirus outbreak in Cyprus, exacerbated by the emergence of the Omicron variant, led to a sudden tightening of business loan ...

Belarusian video game company Wargaming, which has its headquarters in Cyprus, announced on Monday that has decided to cease the ownership or operation of any businesses in both Russia and ...

Cyprus’ government deficit fell to €465 million at the end of the previous year, reflecting a reduction of €463.87 from 2020, according to a financial report released by the treasury this week. The ...

The Cyprus Shipping Chamber (CSC) this week welcomed the proposed transfer of the Cyprus Port Authority to Limassol, saying that the city is the key representative of the shipping industry ...