Cyprus Business News

The Bank of Cyprus on Friday announced that it has been named ‘Best Private Banking & Wealth Management Bank’ in Cyprus for 2022 after an online voting process surveying customers on ...

The transformation of banks’ business model towards digitalisation and their profitability enhancement by rationalising their cost structure, while closely monitoring the underlying risks of this transformation, are the main banking ...

As a leading maritime nation, Cyprus feels responsible to accelerate the transition of shipping to a low carbon and climate-resilient industry, President Nicos Anastasiades said on Friday, addressing the One ...

Finance Minister Constantinos Petrides on Friday welcomed the European Commission’s forecasts for the Cypriot economy, viewing them as a validation of the country’s recovery and future prospects. In ...

The European Commission predicts a 4.1 per cent increase for the real GDP of Cyprus in 2022 and a 3.5 per cent increase in 2023, in its Winter 2022 Economic Forecast which was published on ...

Cyprus’ foreign trade showed signs of recovery in the final two months of 2021, with exports hitting €702.7 million in value during that time, while total exports surpassed €3 billion for the entire ...

Cyprus Shipping Chamber (CSC) President and ICS Vice-Chairman Themis Papadopoulos and CSC Director General Thomas Kazakos, represented the Cyprus shipping industry at the Board of Directors meeting of the International ...

Quant Insight (Qi), a Limassol-based quantitative financial market analytics and trading insights provider, on Wednesday announced the launch of a new product, aiming to provide individual traders with high-end analytics. ...

The Cyprus Chamber of Commerce and Industry (Keve) announced on Wednesday that they are spearheading Cyprus’ representation at the International Agricultural and Environmental Exhibition in Doha, Qatar, scheduled to commence ...

Cyprus has been ranked as one of the top travel destinations for Russians, Tourism Minister Savvas Perdios said on Wednesday in the wake of two recent visits to Moscow. “There ...

Efforts to encourage the use of small, lightweight, low-speed vehicles in Limassol are being hindered by a number of obstacles, micromobility industry stakeholders said during a panel discussion. The event, ...

The Industrial Turnover Index increased by 17.8 per cent year-on-year in November, with the index being 13.6 per cent higher in the first eleven months of 2021 when compared to the corresponding period ...

Parliament on Tuesday continued discussing a legislative proposal that would reduce the maximum fine imposed on companies for not submitting their annual financial reports on time, as MPs heard that ...

Restaurants and other hospitality venues in Paphos are struggling to find the workers required to keep their businesses in operation, Paphos Leisure Centre Owners Association (Sikap) president Angelos Onisiforou said ...

The volume of credit card transactions rose by 72 per cent between September and November of 2021, according to data provided by credit card processing company JCC to the Cyprus News Agency (...

American painter James Whistler believed that artists aren’t paid for their labour, but rather for their vision. When creative possibilities are endless, a creator’s perspective, sense of aesthetics ...

According to the Cyprus Statistical Service (Cystat), inflation in Cyprus reached 5.4 per cent in January, while the Consumer Price Index (CPI) fell by 0.53 units to reach 104.57 units. The CPI stood ...

Interest rates for corporate deposits fell to a new historical low, reaching 0.02 per cent in December 2021, while the interest rate for household deposits remained unchanged at 0.06 per cent. Compared to ...

The total purchases of Cypriot bonds by the European Central Bank (ECB) amounted to €6.56 billion, under the Public Sector Purchasing Programme (PSPP) and the Pandemic Emergency Purchase Programme (PEPP). According ...

Deputy Ministers for Tourism and Shipping Savvas Perdios and Vassilis Demetriades welcomed the assurances by Royal Caribbean’s interest to invest in Cyprus, expressing their readiness to enhance the island’...

Cypriot fintech company WiRE, which mainly operates in the real estate market, announced on Wednesday that it has been accepted to participate in PricewaterhouseCoopers (PwC) UK’s Scale programme. PwC’...

Greek technology fund PJ Tech Catalyst, backed by Piraeus Bank (BOPr.AT) and the European Investment Fund, has agreed to sell its market research unit Pollfish to U.S.-based ...

The Cyprus Stock Exchange (CSE) and Athens Exchange Group (ATHEXGroup) announced on Wednesday their successful collaboration, resulting in the CSE becoming compliant with the Settlement Discipline Regulation, as of February 1...

The Cyprus Land and Building Developers Association (LBDA) warned against the potential rise in VAT for property purchases, saying that this would harm both the economy and first-time buyers. The ...