Cyprus Business News

The Retail Sales Value Index in Cyprus recorded a year-on-year increase of 8.7 per cent in May 2023, while the Retail Sales Volume Index remained more subdued at 6.1 per cent, reflecting the ...

Attracting productive direct investments in our country is of paramount importance for the Government, Cyprus’ President Nikos Christodoulides said in his address at the 11th Invest Cyprus International Investments Awards ...

The Tax Department said on Tuesday that an amending law providing for income tax exemptions for non-residents of Cyprus has come into effect, and that the relevant tax form would ...

The liquidity and capitalisation of the Cypriot banking system are above the European Union average, while efforts on reducing non-performing loans are progressing well, the president of the European Banking ...

The Cyprus general government recorded a fiscal surplus of €315.1 million, equivalent to 1.1 per cent of GDP, between January and May 2023, according to a report by the state’s statistical service. ...

Startups4Peace recently launched an initiative that seeks to unite the two communities in Cyprus and empower aspiring entrepreneurs to build and expand their businesses. With its mission to bridge ...

Cyprus’ tourism revenue reached €217.6 million in April 2023, compared to €185.1 million in the same month of the previous year, marking a 17.6 per cent increase, according to a report by the state’...

Reflect Festival, the flagship technology event of Cyprus, is set to take over Limassol seaside this September again, with its most impactful program yet. Reflect Festival, one of the fastest-growing ...

By Charles Ellinas The UN Sustainable Development Solutions Network (SDSN) has just published the 2023 edition of its annual ‘Sustainable Development Report’, and it does not make good reading for Cyprus. ...

Here are the top business stories in Cyprus from the week starting June 26: Bars and restaurants across Cyprus experienced a notable decline in occupancy rates, with the drop in guests ...

Cyprus tourism sector expects full recovery by 2024, with industry stakeholders cautiously optimistic as they navigate the current set of challenges By Kyriacos Nicolaou The recovery of the Cyprus tourism sector ...

Elevate Digital, a Paphos-based digital marketing agency, this week announced the launch of its first incubated startup, beincyprus. According to the announcement, the platform aims to make the transition to ...

The Economic Policy Uncertainty (EPU) Index in Cyprus has returned to more normal levels in spring 2023, indicating a significant decline in uncertainty one year after the start of the Russia-Ukraine ...

Invest Cyprus, the investment promotion agency of Cyprus, is focused on identifying and resolving the challenges faced by investors operating in Cyprus, in order to bolster efforts in transforming the ...

The Cyprus Marine Club held a successful event on Tuesday, with Shipping Deputy Minister Marina Hadjimanoli, as guest speaker. The event, titled ‘Hundred days in charge as Shipping Deputy Minister,’ ...

Bars and restaurants across Cyprus experienced a notable decline in occupancy rates, with the drop in guests ranging from 25 per cent to 30 per cent in June, according to Neophytos Thrasyvoulou, ...

Cyprus-based PropTech startup buildbuild, which develops software for managing construction projects and increasing their marginality in the small and midsize (SMB) sector, announced this week that it has raised $1.25 million ...

Following a decision by the Board of Directors of Alpha Bank Cyprus and the necessary approvals from regulatory authorities, Miltos Michaelas has taken on the role of CEO of Alpha ...

Preliminary data released by the state’s statistical service on Thursday revealed a 7.2 per cent increase in average gross monthly earnings for employees during the first quarter of 2023, compared to ...

According to data released by the Central Bank of Cyprus (CBC) this week, total deposits in May recorded a net increase of €164.8 million, reaching €52 billion. In addition, loans saw a ...

Council for Registration of Real Estate Agents president Marinos Kineyirou on Wednesday said that the organisation’s efforts have helped to correct the misconception about the use and purpose of ...

Christina Achilleos, an expert EU Funding Consultant from Larnaca, Cyprus, recently took centre stage as a distinguished panellist at the Carpathian Startup Fest in Rzeszow, Poland on June 15-16 2023, representing ...

Thanos Michaelides has been elected as the new president of the Cyprus hoteliers association (Pasyxe), following an election that took place this week, according to an official announcement by the ...

The Cyprus Shipping Chamber (CSC) on Wednesday welcomed the ratification of the Hong Kong Convention on Safe and Environmentally Sound Ship Recycling by Bangladesh, one of the leading countries in ...