Cyprus Business News

Here are the top business stories in Cyprus from the week starting May 29: A new plan is expected in the coming days to protect the primary home of people belonging ...

‘We have the right to develop at the same pace as other districts’ By Kyriacos Nicolaou The state should provide the necessary incentives so that the Famagusta district is able ...

Paphos regional board of tourism (Etap) representatives, along with a group of Cypriot hoteliers from the district, visited various Baltic countries this week, in order to participate in regional workshops ...

Deputy Minister of Tourism Kostas Koumis this week announced that the Cabinet of Ministers has decided to establish a new tourism promotion agency, with the goal of boosting Cyprus’ tourism ...

By Charles Ellinas Energy Minister, George Papanastasiou, initiated a debate around natural gas immediately following his appointment. In line with government goals, he has prioritized bringing natural gas to the ...

Students from the University of Pittsburgh had the opportunity to tour the facilities of Eurogate Container Terminal Limassol Ltd during a visit to Cyprus this week. According to a statement ...

In a recent working meeting between Cyprus and India held during the Best Invest Congress in Limassol, Marina Hadjimanoli, Deputy Minister of Shipping, emphasised the invaluable asset that shipping represents ...

Cyprus’ tourism revenue experienced a remarkable increase of 41.5 per cent in March 2023, according to a report released on Friday by the state’s statistical service. According to the report, Cyprus’ ...

Cyprus’ general government generated a surplus of €291.9 million in the first quarter of 2023, equivalent to 1 per cent of GDP, according to a report released this week by the Cyprus Statistical ...

Cyprus’ annual inflation rate in May decreased to 3.01 per cent, continuing its downward trend for the seventh consecutive month, mainly driven by a deceleration in the prices of petroleum products. ...

Cyprus’ Gross Domestic Product (GDP) for the first quarter of the year amounted to €6.2 billion, marking a 3.4 per cent increase on an annual basis when measured in volume and adjusted ...

Eurobank Cyprus this week said that its five-year support programme for non-profit organisation Cyprus Seeds, which aims to bolster the island’s entrepreneurial and innovation ecosystem, has borne fruit, with ...

Port management company DP World Limassol on Thursday released a statement announcing that Simon Pitout has been appointed as the company’s new chief executive officer, effective from June 1, 2023. The ...

There can be no supply from the Aphrodite field in the Cyprus EEZ before 2027, according to NewMed Energy, one of the three companies licensed to operate in this block. An ...

CFA Society Cyprus and Central Bank Governor Constantinos Herodotou placed the issue of financial literacy at the centre of their discussion during a meeting held on Wednesday. According to a ...

A total of 1,929 apartments and 864 houses were sold during the previous year Cypriot firm Ask Wire on Wednesday released a report detailing real estate sales, including houses and apartments, in ...

In 2022, the unemployment rate of people aged 15-74 in Cyprus was 6.8 per cent, a little higher than the EU average (6.2 per cent), according to data released by Eurostat, the statistical ...

National flag carrier Cyprus Airways this week announced the launch of a new route between Larnaca and Preveza, which is set to begin on June 29 with two weekly flights. The ...

The Central Bank of Cyprus (CBC) on Tuesday reported that total deposits in April 2023 recorded a net decrease of €173.3 million, compared to a net increase of €59.8 million in March 2023. The ...

NewMed Energy, a partner in the Aphrodite gas prospect, will officially announce delivery of their modified development and production plan on Wednesday, the energy minister said on Tuesday. George Papanastasiou ...

Akel general secretary Stefanos Stefanou on Tuesday addressed the pressing issue of housing affordability in Limassol, noting that the city’s homeownership and rental costs are much more pronounced compared ...

Syprodat said that borrowers are willing to renegotiate their loans but are finding it difficult The Association for the Protection of Borrowers (Syprodat) this week said that the key to ...

The association of coastal vessels on Tuesday in a strongly worded letter appealed to the mayor of Paralimni to not to create unnecessary problems for coastal tourism. The letter addressed ...

The Stelios Philanthropic Foundation will this year hold its first-ever Young Entrepreneurs Award in Cyprus, it announced on Monday. The award has been organised every year since 2008 exclusively in Greece ...