Cyprus Business News

Transport Minister Yiannis Karousos stressed that adequate air connectivity for all, especially for which air travel is particularly crucial, must be secured. Karousos spoke at a high-level conference on the ...

Cash collections of the Cyprus Asset Management Company (KEDIPES) reached €95.2 million in the second quarter of 2021 with total cumulative cash collections since KEDIPES establishment in September 2018 exceeding €1 billion. Assets under ...

Over the past few years, there have been concerted efforts to grow Cyprus’ technology sector, with Deputy Minister Kyriacos Kokkinos recently announcing that additional incentives will soon come into force. ...

Cypriot consumers will be paying the domestic rate of VAT when purchasing goods online following the implementation of six pieces of legislation by the House Finance Committee. This means that ...

Cyprus’ connection to the sea is fundamental for both the nation and its economy, Deputy Minister of Shipping Vasilis Demetriades said on Tuesday presenting the government’s long-term shipping strategy. “...

The International Monetary Fund revised upwards the growth rate of the Cypriot economy, compared to its forecasts for last April. According to the World Economic Outlook (WEO) published on Tuesday, ...

Cypriot expat John Christodoulou is currently in the process of becoming the majority shareholder at Omonia Nicosia, according to a report by Cypriot outlet INBusiness News. Reports about Christodoulou’s ...

The Cyprus Investment Funds Association (CIFA), supported by Invest Cyprus, organised and ran an online workshop explaining the intricacies of the EU Recovery and Resilience plan for Cyprus. A number ...

The Ministry of Energy, Commerce and Industry has announced that it has received 652 applications from pre-existing and newly formed manufacturing small-to-medium enterprises (SMEs) who wish to improve their competitiveness. The ...

The future of the Cyprus technology industry was one of the primary subjects of discussion at the Cyprus IT Forum taking place in Limassol on Friday, with a number of ...

The state budget for 2022 was handed over to parliament on Thursday, with the drastic reduction of the deficit being the key takeaway. More details about the budget have emerged since ...

Industrial Turnover showed a significant increase of more than 10 per cent in July 2021, but also in the first seven months of the year, a development that is mainly due to ...

The House plenum on Thursday gave the nod to an extra €92 million in government spending until the end of the year, over and above the approved budget for fiscal 2021, the ...

The rate of inflation in Cyprus remained high in September – registering at 4.1 per cent – though lower than the 5 per cent of the previous month, according to the Statistical Service. Energy ...

The 2022 state budget will feature a significant fiscal correction, after two years of high deficits, said finance minister Constantinos Petrides, while handing it to the President of the House of ...

A series of exploratory drilling at Kokkinoyia, a mining area near Mitsero in the Nicosia district, has led to the confirmation of gold deposits in all drill holes, identifying the ...

The Cyprus edition of 0100 Conferences will make its presence felt at the upcoming Reflect Festival in Limassol later this month. 0100 Conferences Cyprus will allow people to network with senior fund ...

The Cyprus Securities and Exchange Commission (CySEC) is participating in World Investor Week, a global campaign seeking to educate and protect investors. Through its participation in World Investor Week, CySEC ...

The finance ministry is trying to secure an extension of the period in which banks can provide businesses and the self-employed with state-guaranteed loans, as it expires at the end ...

Limassol-based GP General Procurement Compan Limited (GenPro), a maritime and commercial procurement company, held its first annual Blue Day Sustainability Seminar in September. The seminar focused on the company’s ...

Lending criteria to both businesses and households remained unchanged in the second quarter of 2021, but it is expected that they will become stricter in the third quarter of the year, ...

Cyprus has moved from the recovery to the growth phase as the COVID-19 pandemic subsides, Minister of Finance Constantinos Petrides has said, highlighting the need for the implementation of reforms ...

The new Metropolis Mall in Larnaca helped the city during its construction phase by employing an estimated 1,000 people throughout the entire process. Having recently opened its doors to the public, ...

The Cyprus Shipping Chamber travelled to Brussels this week to participate in a conference hosted by the European Community Shipowner’s Association (ECSA). The Cypriot delegation was composed of the ...