Cyprus Business News

The marinas of Ayia Napa, Rhodes, Symi and Kos announced on Monday the establishment of the Eastern Mediterranean Marinas Network (EMMN) to promote nautical tourism in the region. “The primary ...

Tourism revenue surged by 25 per cent in 2023 compared to the previous year, potentially marking a new record, according to Deputy Minister of Tourism Costas Koumis. Koumis had a meeting with ...

The Cyprus Borrowers Association (Syprodat) on Monday released a statement expressing its satisfaction with the official launch of the mortgage-to-rent scheme, which went into effect today. The scheme has already ...

The fifth edition of Cyprus 4.0 for 2023 focuses on Cyprus’ innovation and startup ecosystem, as well as the island’s leading international tech businesses that are contributing to Cyprus’ growth as ...

Here are the top business stories in Cyprus from the week starting November 27: The government and Chevron have agreed on the terms for developing the ‘Aphrodite’ gas field in block 12 ...

Beneath the surface of Cyprus’ workforce in 2023, beyond the stereotypes, complexities emerge among generations. Gen Z is labelled as overly sensitive, Millennials as cringe-worthy, Boomers as villains, and Gen X ...

Leading global IT services firm Kyndryl, which also has offices in Cyprus, this week released its technology sector predictions for 2024, spanning several key areas, including artificial intelligence, data governance, and ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday announced that, in partnership with the Faculty of Economics and Management (FEM) at the University of Cyprus, it recently organised an ...

The Business Turnover Index in Cyprus displayed mixed trends across sectors in the third quarter of 2023 when compared to the corresponding period of the previous year, according to a report ...

Cyprus’ Producer Price Index in the industrial sector reported a decline of 1.7 per cent, reaching 138.4 units, for the month of October 2023, according to a report by the Cyprus Statistical Service (...

Cyprus marked its presence in one of Europe’s most significant food and beverage exhibitions, presenting its distinctive booth featuring products from eighteen Cypriot companies. According to an announcement by ...

Deputy Minister of Tourism Kostas Koumis on Friday said that tourist arrivals from Poland are expected to exceed 300,000 in 2024, after having conducted a number of meetings with tourism stakeholders in ...

Real estate market sees €1.4 billion in property transfers, while sales documents hit €3.3 billion The Cyprus real estate market showcased remarkable resilience amid prevailing challenges, marking impressive achievements from January to ...

Cyprus-based maritime technology firm Tototheo Maritime has broadened its services, announcing a substantial expansion into the land enterprise market, according to a statement released on Thursday. The move sees the ...

The leadership of the Cyprus Hoteliers Association (Pasyxe) had the opportunity to gather insights into contemporary challenges faced by the Greek hotel industry, as well as upcoming international trends and ...

The Industrial Production Index in Cyprus reached 142.9 units in September, with 2015 having been designated as the base year, reflecting a 2.5 per cent annual increase. According to a report released this ...

Eurobank Cyprus has successfully completed the certification process for its Environmental Management System, adhering to the principles of the international standard ISO 14001:2015, according to an announcement released on Thursday. This ...

The Cyprus Securities and Exchange Commission (CySEC) has seen a significant increase of 12 per cent in entities under its supervision over the last four years, according to George Karatzias, the ...

In a move set to propel the technology sector’s momentum further, Cyprus expects significant growth from the proposed modernisation of the legislative framework governing citizenships. According to InBusiness News, ...

The Cyprus general government has recorded a surplus of €918.9 million, representing 3.1 per cent of the Gross Domestic Product (GDP), for the period of January to October 2023, according to the preliminary ...

Neocleous Tower is a modern, sustainable office building in central Limassol, inviting corporations to experience the future of upscale workplace excellence. Redefining the standard for environmentally focused commercial real estate ...

Cypriot startup accelerator ARIS (A Really Inspiring Space) this week announced the signing of a Memorandum of Understanding (MoU) with finance firm XM, resulting in the company becoming an official ...

Deputy Minister of Tourism Kostas Koumis embarked on a journey to Poland on Wednesday with the aim of conducting meetings and discussions with key tourism stakeholders in the country. According ...

Cyprus experienced an upturn in its economic climate in November 2023, compared to October, primarily attributed to the service and construction sectors, according to a study conducted by the University of ...