Cyprus Business News

The Research and Innovation Foundation (RIF) this week announced that it has launched its CO-DEVELOP-REPowerEU programme, offering businesses a chance to secure €600,000 in funding for collaborative ventures with research organisations. ...

In a statement to the Cyprus News Agency (CNA), Marios Tsiakkis, the General Secretary of the Cyprus Chamber of Commerce and Industry (Keve), voiced dissent against the Minister of Labour’...

Adsterra, the Cyprus-based AdTech leader, announces its sponsorship of AEL Limassol Women Basketball Club (AEL BC), marking a significant step in the empowerment of women in sports. The collaboration underscores ...

Cypriot indie gaming company Apella Games announced on Friday that it has won a major battle against tech giant Apple Inc., which tried to block the startup from registering its ...

Cyprus Finance Minister Makis Keravnos on Friday stated that the utilisation of the available financial instruments of the European Investment Bank (EIB) has long been a target of the government, ...

National investment promotion agency Invest Cyprus on Friday announced that it has successfully secured the directorship for the Eastern Europe region of the World Association of Investment Promotion Agencies (WAIPA). ...

The real estate market in Cyprus witnessed significant activity in high-value property transactions during the month of November 2023, according to data released by Ask Wire, a Cypriot firm combining real ...

The Central Bank of Cyprus (CBC) this week announced that it has decided to retain the countercyclical capital buffer (CCyB) at 1 per cent, in accordance with the Macroprudential Supervision of ...

Aegean Airlines and Cyprus Airways on Thursday announced that they have signed a long-term ACMI (wet lease) deal in which the Cypriot flag carrier will lease two Airbus A320 aircraft ...

The European Commission’s latest report on Cyprus’ economic and financial outlook for Autumn 2023 has outlined a series of projections and assessments, painting a nuanced picture of the country’s ...

Cypriot company Davion Healthcare Plc, a leading medical device manufacturer, has announced that it has entered into an agreement with the Bank of New York Mellon, a renowned financial institution, ...

Leading Cypriot shipping services firm Tototheo Maritime on Wednesday announced that it has been certified as a Great Place to Work in both Cyprus and Greece, for the period from ...

The Cabinet of Ministers on Wednesday approved the National Maritime Spatial Plan, in what is being described as a decisive move that aims for the holistic development of Cyprus’ shipping ...

Cyprus-headquartered Exness, the world’s largest online retail broker and one of the island’s most renowned employers, has just celebrated its 15th anniversary with a week-long series of grand ...

Freedom Finance Europe this week announced the inauguration of 3 new offices in the Netherlands, Austria, and Bulgaria, marking another step in its growth trajectory. The company noted that this expansion “...

The Cyprus Stock Exchange (CSE) on Wednesday announced the initiation of a consultation process by the Ministry of Finance regarding the proposed bill for the privatisation of the exchange. Titled “...

The harmonised index of consumer prices in Cyprus recorded a year-on-year rate of 2.4 per cent in November 2023, marking a slowdown compared to the rate of 3.6 per cent observed in October 2023, ...

Rating agency Capital Intelligence recently revised its outlook for the Bank of Cyprus’ (BoC) Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Ratings (BSR) from stable to positive. The ...

State-owned asset management company Kedipes on Tuesday announced the signing of an agreement with the Bank of Cyprus (BoC) for the sale of a portfolio of serviced and up-to-date restructured ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday announced the conclusion of a groundbreaking event, conducted in collaboration with the NGO Citizens in Power and the Chartered Financial Analyst (...

‘Wealth Management is for all’ Hellenic Bank’s Wealth & Investment Services recently hosted a client forum, placing the spotlight on the recent market developments and investment trends. The discussion ...

National investment promotion agency Invest Cyprus on Monday released a statement reaffirming its commitment to cross-border education by fostering collaborations between tertiary education institutions in the United Kingdom and Cyprus. ...

The Construction Materials Price Index in Cyprus has experienced a marginal increase of 0.08 per cent in November 2023, when compared to the same period last year, with significant hikes in mineral ...

The Central Bank of Cyprus (CBC) on Monday released a report delving into the country’s financial stability in 2022, as well as its preliminary estimates for the current year, noting ...