Cyprus Business News

The Cyprus Consumers Association (CCA) this week reported a significant increase in consumer complaints during the first half of 2024, particularly in terms of passenger rights and organised travel. Complaints related ...

Chief Scientist Demetris Skourides this week used his presentation to the Cyprus Universities Rector Conference to lay out a vision for transforming Cyprus into a Regional Research, Innovation, and Technology ...

Despite numerous challenges, the Cyprus real estate market has shown resilience in the first half of 2024, with a notable increase in activity, according to the Cyprus Real Estate Agents Registration ...

The EAC is moving forward with securing large plots of state land for building more photovoltaic (PV) parks, Electricity Authority director George Petrou said on Monday. “People have come forward ...

Bank of Cyprus (BoC) now lets you make direct transfers in euros to the 36 countries of the SEPA zone (European Economic Area) in real time, with the funds immediately available ...

Investment firm ECM Partners, whose Cypriot presence is based in Nicosia, and private fund manager Metric Capital Partners announced on Monday that they have agreed to sell a majority stake ...

The European Central Bank (ECB) recently kept interest rates at their current levels but indicated that the September meeting is “wide open” as it downgraded its economic outlook for the ...

Here are the top business stories in Cyprus from the week starting July 15: Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou used his participation at a recently held ...

Starting with the consumer goods market, the latest data from the Consumer Product Price Watch, released by the Consumer Protection Service, highlights a significant uptick in prices. In June, 28 out ...

Deputy Minister of Tourism Kostas Koumis met with groups representing the wine and gastronomy sectors to discuss the promotion of local culinary and wine traditions. The meetings included representatives from ...

Cypriot real estate market analytics firm Ask Wire on Friday released its Q2 2024 edition of the Ask Wire Index, detailing property sale and rental values across the island. The Index, ...

In June, 28 out of 45 basic product categories saw price increases, with 24 of these categories rising by less than 3 per cent from the previous month. This information comes from the Consumer ...

In June, Cyprus’ annual inflation rate, as measured by the Consumer Price Index (CPI), remained steady at 3 per cent, mirroring the previous month’s figure. Notable price increases were observed ...

Building material prices have decreased, according to data released by the Cyprus Statistical Service (Cystat) The Construction Materials Price Index for June 2024 stood at 117.47 points (with 2021 as the base year ...

The Polish airline LOT has announced the resumption of its flights to Larnaca Airport, with four per week during the winter season. According to a press release from the deputy ...

In June, Cyprus’ annual inflation rate, as measured by the Consumer Price Index (CPI), remained steady at 3 per cent, mirroring the previous month’s figure. Notable price increases were observed ...

Solutions must be in place to help ship owners with navigating the complex challenges of complying with the new FuelEU Maritime regulations, said Columbia Group. With the introduction of FuelEU ...

Deputy Minister of Tourism Kostas Koumis is satisfied that the latest figures on tourist arrives indicate they would be at the same levels as 2023, a good year for the industry. ...

Tourist arrivals in Cyprus displayed a slight yet steady increase in June 2024, recording a 5.5 per cent rise to 482,261 compared to 456,985 in the previous year, according to the Cyprus Statistical Service (...

The Chartered Financial Analyst (CFA) Society Cyprus elected a new board of directors at this week’s AGM. Nikos Potamaris is the new board chiarman, succeeding Andreas Kleanthous, while Konstantinos ...

Representatives of Cyprus’ Research and Innovation Foundation (RFI) and the Japan Science and Technology Organisation (JST) recently met in Nicosia to establish collaborations in cutting-edge fields such as artificial intelligence, ...

The Central Bank of Cyprus (CBC) has reported a deceleration in the House Price Index (HPI) for houses and apartments in the first quarter of the year 2024. This trend is ...

Projects worth €141 million are set to transform the Polis Chrysochous area in the coming years, said the mayor Yiotis Papachristofis. Among these developments is the €60m expansion of the harbour ...

The transport sector has witnessed a decline in turnover, according to the latest data released by the Cyprus Statistical Service (Cystat). The turnover index for transport and storage in the ...