Cyprus Business News

Cyprus Energy Ministry’s Permanent Secretary Marios Panayides chaired the 17th Summit of the Executive Council of East Mediterranean Gas Forum (EMGF) which unanimously approved its work programme for 2022, including ...

The Cyprus Development Bank (CDB) on Monday announced the launch of a new business loan scheme that takes into account environmental aspects for business and other professional facilities. The scheme ...

Finance Minister Constantinos Petrides on Tuesday said that the performance of the Cypriot economy is a testament to its resilience and positive momentum, while also stressing the importance of reducing ...

The European Commission has announced that it has approved an estimated two million euro Cypriot scheme to support private investments into innovative small and medium-sized enterprises (SMEs), which will contribute ...

Energy Minister Natasa Pilides travelled to Egypt earlier this week to attend the Egypt Petroleum Show (EGYPS) in Cairo, an oil, gas and energy conference in which Cyprus is participating ...

TechIsland says government needs to ensure startups get investment TechIsland, an NGO representing 137 Cyprus-based technology companies, announced on Thursday that its member company Embio Diagnostics has entered an agreement with ...

Rental values for both apartments and houses rose during the fourth quarter of the previous year, according to a report released this week by independent real estate asset management and ...

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 ...