Cyprus Business News

Eurostat’s latest data reveals a compelling shift in the landscape of Renewable Energy Sources (RES) for heating and cooling within the European Union. The year 2022 witnessed a substantial surge, ...

The Central Bank of Cyprus (CBC) and the Bank of Greece (BoG) on Friday signed a Memorandum of Cooperation during a ceremony held in Nicosia. The signing ceremony took place ...

Cyprus’ Business Cycle Index recorded an increase in accommodation and food services during the fourth quarter of 2023, along with a decline in professional activities, according to a report released this ...

The Ministry of Energy, Commerce, and Industry this week announced the extension of the deadline by six months, for approved applicants, to fully implement their investment proposals under the first ...

In a marathon session that extended into the early hours of Friday, the House unanimously approved the budget of the Cyprus Stock Exchange (CSE) for 2024. At the same time, the ...

The Central Bank of Cyprus (CBC) announced this week that it expects a 2.2 per cent increase in the country’s Gross Domestic Product (GDP) for the year 2023, following a substantial 5.1 ...

The House of Representatives in the early hours of Friday morning approved a number of important pieces of legislation, during a session that lasted over nine hours, among which was ...

The Deputy Ministry of Tourism and the Cyprus Hospitality Association this week held the Cyprus Hospitality Awards, an event that sought to honour exceptional people and businesses from the tourism ...

Cyprus’ tourism revenue amounted to €74.3 million in December 2023, compared to €57.6m in the corresponding month of the previous year, marking an increase of 29 per cent, according to a report released ...

Consulting and advisory firm Deloitte Cyprus on Thursday announced the release of the organisation’s Global Human Capital Trends report for 2024, which examines the most important issues for organisations, leaders ...

The vice president of the European Investment Bank (EIB) Kyriacos Kakouris on Thursday confirmed that the EIB’s stance on the Great Sea Interconnector, the electrical interconnection project between Cyprus, ...

Cyprus’ tourism revenue amounted to €74.3 million in December 2023, compared to €57.6m in the corresponding month of the previous year, marking an increase of 29 per cent, according to a report released ...

Cyprus’ general government recorded a surplus of €876.3 million during the entirety of 2023, according to the preliminary financial results released on Thursday by the Cyprus Statistical Service (Cystat). In terms of ...

The Cyprus Real Estate Agents Registration Council on Thursday announced that it successfully conducted a training seminar on February 28, in collaboration with the Tax Department. According to the announcement, the ...

The Central Bank of Cyprus (CBC) and the Bank of Greece are set to sign a Memorandum of Cooperation, formalising collaboration in specific areas such as resilience exercises, as well ...

Limassol’s annual carnival is a celebrated event that adds vibrancy and excitement to the city. It has become a significant part of the local culture, drawing participants and visitors ...

The Minister of Finance, Makis Keravnos, and the Deputy Minister of Research, Innovation, and Digital Policy, Nikodemos Damianou, met at the Ministry of Finance this week to discuss effective collaboration ...

The Cyprus Securities and Exchange Commission (CySEC) this week held an event with the Hellenic Capital Market Commission (HCMC), during which they discussed the challenges facing European markets. The event, ...

Energean, a prominent gas-focused independent exploration and production company operating in the Mediterranean and UK North Sea, on Thursday announced that it has achieved the first gas from Karish North, ...

The Cyprus Research and Innovation Centre (CyRIC) this week announced that it is spearheading the EU-funded dAIry 4.0 project, focusing on advanced artificial intelligence (AI) and data solutions for individualised automated ...

Hellenic Bank on Thursday announced the launch of a specialised account designed for individuals aged 18 to 25, acknowledging the specific financial needs of the youth. The bank explained that the account, ...

In a strategic collaboration with the Ministry of Energy, Commerce, and Industry, the Cyprus Chamber of Commerce and Industry (Keve) is set to host a presentation on a funding scheme ...

The Treasury on Wednesday announced that the rate of implementation of the development costs of the state budget in January 2024 stands at 1 per cent, equivalent to €17.86 million, remaining consistent with ...

Industrial production in Cyprus witnessed an increase of 2.4 per cent in 2023 compared to the previous year, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). Cyprus’ ...