Cyprus Business News

Cyprus’ transportation and storage sector experienced a substantial growth of 17.3 per cent during the second quarter of 2023, compared to the same period last year, according to a report released this ...

The Association of Cyprus Tourist Enterprises (Stek) and the regional administration of the island of Crete this week announced that they are set to hold an initiative under the banner ...

Greek lender Eurobank on Wednesday announced that it has formally entered into a share purchase agreement with Poppy S.à r.l., outlining its intention to acquire an additional 17.3 per cent ...

The government is “seriously considering” levying a windfall gains tax on banks to offset the earnings they’re making due to the rise in interest rates, reports said on Tuesday. ...

Entertainment venues in coastal towns are still seeing heightened traffic after the 15 August public holiday, according to entertainment venue owners’ federation (Osika) chairman Fitos Thrasivoulou. Speaking to the Cyprus News ...

Israeli hotel group Fattal is set to acquire the Limassol Grand Resort and recently acquired the Latsi Holiday Village Resort, the group announced on Monday. This will extend the company’...

Former Disy leader Averof Neophytou on Thursday called on the government to take immediate measures to deal with the negative trends shown by economic indicators in the second quarter of ...

Political opposition criticised the government on Wednesday, after a 0.4 per cent decrease was noted in a European statistical service (EuroStat) report on the second quarter of the year. According to ...

The European Investment Bank’s (EIB) evaluation study confirms the economic viability of the EuroAsia Interconnector electricity interconnector and the significant positive results resulting from its implementation, the EuroAsia Interconnector ...

Ice cream exports from Cyprus to non-EU countries have been increasing in the past four years but remain far from the quantities exported in previous years, according to Eurostat. At ...

In a groundbreaking development that bridges the European and Philippine markets, Tempo France, a leading international payment system operator, has entered into a landmark partnership with Cebuana Lhuiller, a prominent ...

The property market on the island remains buoyant with even high-end property sales continuing to rise, statistics released by Sotheby’s International Realty real estate agency show. In the first ...

Occupancy rates in Ayia Napa hotels are now similar to those seen before the Covid-19 pandemic, mayor Christos Zannetou said on Friday. Speaking to the Cyprus News Agency, Zannettou explained ...

The Chinese-led consortium with the contract to build a liquefied natural gas (LNG) terminal at Vasilikos have just filed a new timetable, promising to deliver the project by July 2024, the ...

Trade deficit in the first semester of 2023 increased by around €574 million, compared to the corresponding period last year, despite the large decrease of imports in May and June compared to 2022, ...

Electrical interconnections have a critical role to play in our collective efforts to achieve climate neutrality, according to Andreas Poullikkas, Chairman of the Cyprus Energy Regulatory Authority (CERA). Poullikkas explained ...

Limassol port management company DP World Limassol on Tuesday announced that it has acquired new equipment, in an ongoing effort to enhance operations and increase productivity at the Multi-Purpose Terminal ...

The Central Bank of Cyprus on Tuesday announced that in July 2023, a total of 36 bounced cheques amounting to €112,717 were issued, contributing to the addition of 18 entities (11 legal and 7 natural persons) ...

Vehicle registrations in Cyprus witnessed an extraordinary surge during the first seven months of the year, with a notable 27.9 per cent increase in overall registrations between January to July 2023. The ...

The Cyprus construction sector has seen a simultaneous increase in both the area and value of construction permits issued by municipal authorities and district administrations during the initial five months ...

Energame, the newly founded company, is dynamically entering the map of the technology ecosystem in Cyprus with an ambitious plan that aims to unite 30 years of know-how, investment opportunities, assets ...

Hellenic Bank takes real action for the community and the environment, with an emphasis on implementing sustainable practices and supporting ‘green’ initiatives and businesses Leading the way in the transition ...

Cyprus has been garnering substantial attention from international investors, particularly from fund managers and investment funds, as it solidifies its position as a top investment destination in Eastern Europe and ...

In a bid to strengthen their existing partnership and foster collaboration in various areas of mutual interest, the Cyprus Shipping Chamber and the University of Cyprus recently signed a cooperation ...