Cyprus Business News

Scope Ratings, a German rating agency, this week upgraded the long-term rating of the Republic of Cyprus from BBB to BBB+, maintaining a stable outlook for the Cypriot economy. This ...

The annual growth rate of Cyprus’ Composite Leading Economic Index (CLEI) remained positive in October 2023, despite a slight deceleration, according to the University of Cyprus Economic Research Centre. Based on ...

The Construction Materials Price Index in Cyprus experienced a marginal decrease of 0.13 per cent in October compared to the previous month, according to the latest report from the state’s ...

The ability of Cypriot banks to reduce operating costs while investing in digital transformation will be key to offsetting inflationary pressure and still-high credit provisions, rating agency Standard and Poor’...

The Bank of Cyprus’ Innovation Centre, known as IDEA, this week officially announced the commencement of new applications from people with innovative ideas that have the potential to transform into ...

Hellenic Bank on Tuesday announced robust financial results for the first nine months of 2023, posting an after-tax profit of €240.7 million, primarily attributed to increased interest income derived from placements with ...

The Cyprus Chamber of Commerce & Industry (Keve) on Monday announced that in the context of its continuous effort to open new roads and prospects for Cypriot companies, has established ...

Outgoing Larnaca Chamber of Commerce (Evel) president Stavros Stavrou this week announced plans to run for the position of president at the Cyprus Chamber of Commerce and Industry (Keve). In ...

The Cyprus Shipping Chamber (CSC) on Monday released a statement welcoming the launch of the one-stop shipping centre at the Deputy Ministry of Shipping, effective from November 20. This significant development, ...

Invest Cyprus, the Cypriot Investment Promotion Agency, is poised to unveil its strategic objectives and initiatives during its Annual General Meeting, taking place later today. The conference, to be held ...

Energy Minister George Papanastasiou on Monday opened this year’s Industry Week by reaffirming the government’s resolve to support the sector in Cyprus, underpinned by its commitment to the ...

Leading European on-demand transportation platform Bolt on Monday announced the launch of electric scooter rentals in the Greater Nicosia area. In its announcement, the company, which has over 150 million customers ...

Here are the top business stories in Cyprus from the week starting November 13: Port management company DP World Limassol on Wednesday announced that Limassol port saw record cruise ship calls ...

The Cyprus Council for Registration of Real Estate Agents this week announced a staunch stance against any collaboration or support offered by licensed real estate agents to individuals operating unlawfully ...

The Cyprus Chamber of Commerce & Industry (KeveI) on Friday announced that it has prolonged the application deadline for its I-STARS grant scheme, catering specifically to tourism businesses. The extension ...

The third quarter of 2023 saw a significant decline in the assets of investment organisations in Cyprus, despite a rise in their numbers, according to a report released on Friday by ...

The Harmonised Index of Consumer Prices (HICP) in Cyprus increased by 3.6 per cent in October 2023, compared to October 2022, while registering a decrease of 0.1 per cent compared to the previous month, ...

The one-stop-shop shipping centre, operating within the Deputy Ministry of Shipping, is slated to commence its operations on Monday, November 20, according to an announcement released this week. Following a Cabinet ...

Tourist arrivals in Cyprus during the first ten months of 2023 soared by 21.1 per cent compared to last year, according to a report released on Friday by the Cyprus Statistical Service (...

The Cyprus Investment Funds Association (CIFA) on Friday expressed its commendation for the recent approval by the Cabinet of a draft law regarding the establishment and operation of Fund Managers ...

Cyprus is grappling with heightened economic uncertainty as October witnessed a marked spike in the Economic Policy Uncertainty (EPU) index, escalating to 256.63 from September’s relatively stable 202.84, according to the ...

Alpha Bank Cyprus this week announced that it conducted a special event on Tuesday, November 14, at its headquarters in Nicosia, in support of Men’s Health Awareness Month, in order ...

Construction sector described as the engine of the Cypriot economy Cyprus Land and Building Developers Association (LBDA) president Michalis Hadjipanayiotou on Thursday lauded the local property sector’s robustness, reflected ...

The Finance Ministry on Thursday said that the European Commission’s autumn forecast has underlined the resilience of the Cypriot economy, along with its flexibility and adaptability to challenging economic ...