Cyprus Business News

The coronavirus pandemic has had less of an adverse on mergers and acquisitions across the world, according to a report on global trends by professional services network Lex Mundi. “The ...

President Nicos Anastasiades will oversee the signing of a number of partnership agreements, in the form of Memoranda of Understanding (MoU), between the Republic of Cyprus and the United Arab ...

The Bank of Cyprus posted an after-tax profit of €30 million and a profit after tax and before non-recurring items of €91 million in its financial results released on Monday. “2021 saw a ...

The government wishes to increase the stature and sales of Cypriot wines, both internationally and domestically, Disy leader Averof Neophytou said on Monday in an address to an event examining ...

The digital transformation of the Housing Finance Corporation, including to its internet banking services, is underway and scheduled to be completed by 2023, acting general manager Vassiliki Vassiliou said on Sunday. ...

The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, has entered a collaborative initiative with counterparts from 16 other EU member states seeking to attract technology industry employees to their ...

Cyprus’ representation at the Egypt Petroleum Show (EGYPS) in Cairo, which concluded on Wednesday, was a success, national promotion agency Invest Cyprus said on Friday. The agency said that Cyprus’ ...

The Cypriot government and the country’s public service are accelerating the reform of public resource management, the first phase of which is expected to take effect in 2023, Finance Minister ...

Revenues from tourism amounted to €1.46 billion in the period between January and November of 2021, a report by the Cyprus Statistical Service (Cystat) released on Friday revealed. The revenue reported reflects ...

Finance Minister Constantinos Petrides on Friday met with the Association of Cyprus Banks, discussing the issue of loans being mislabeled as non-performing, Estia scheme appeals, as well as non-viable borrowers, ...

The budget of the Cyprus Ports Authority for 2022 is projected to have a marginal surplus, the authority said on Thursday. The budgeted revenues of the Authority are expected to reach €30,460,125 ...

The Ministry of Energy, Commerce and Industry on Thursday announced a range of programmes to support households and businesses, worth €158 million in total, scheduled for launch throughout 2022. During a presentation ...

The Governor of the Central Bank of Cyprus, Constantinos Herodotou, does not side with the hawks in the design of monetary policy in the eurozone and expects that in the ...

The Cyprus Chamber of Commerce and Industry (Keve) and the Cyprus International Institute of Management (CIIM) on Wednesday signed a Memorandum of Cooperation, seeking to deepen their partnership, promote sustainable ...

The coronavirus pandemic resulted in a nationwide decline in turnover, profits and liquidity of small-to-medium-sized businesses (SMEs), but without a commensurate reduction in employee numbers, according to a collaborative study ...

Despite the recent improvement across a number of economic performance indicators, Association of Large Investment Projects president Andreas Demetriades on Tuesday called for a concerted response and an immediate course ...

Although the pandemic caused delays in plans for the state’s complete modernisation, we are now facing a new reality that acts as a springboard in our drive to reactivate ...

Cyprus Energy Ministry’s Permanent Secretary Marios Panayides chaired the 17th Summit of the Executive Council of East Mediterranean Gas Forum (EMGF) which unanimously approved its work programme for 2022, including ...

The Cyprus Development Bank (CDB) on Monday announced the launch of a new business loan scheme that takes into account environmental aspects for business and other professional facilities. The scheme ...

Finance Minister Constantinos Petrides on Tuesday said that the performance of the Cypriot economy is a testament to its resilience and positive momentum, while also stressing the importance of reducing ...

The European Commission has announced that it has approved an estimated two million euro Cypriot scheme to support private investments into innovative small and medium-sized enterprises (SMEs), which will contribute ...

Energy Minister Natasa Pilides travelled to Egypt earlier this week to attend the Egypt Petroleum Show (EGYPS) in Cairo, an oil, gas and energy conference in which Cyprus is participating ...

TechIsland says government needs to ensure startups get investment TechIsland, an NGO representing 137 Cyprus-based technology companies, announced on Thursday that its member company Embio Diagnostics has entered an agreement with ...

Rental values for both apartments and houses rose during the fourth quarter of the previous year, according to a report released this week by independent real estate asset management and ...