Cyprus Business News

The European Commission announced it received on Thursday the first payment request from Cyprus under the Recovery and Resilience Facility (RRF) for the disbursement of €85 million in financial support (net ...

Evgenios Evgeniou, chairman of the Cyprus Investment Promotion Agency, commonly referred to as Invest Cyprus, on Wednesday said that the country’s efforts to attract foreign companies have helped the ...

By Fergus O’Sullivan Yoloco is a platform that aims to revolutionize advertising. Headquartered in Limassol but with a team that spans the globe, the company has set its sights ...

The Central Bank of Cyprus on Wednesday released a report which showed that the outstanding amount of deposits in June reached €51.3 billion. Moreover, the report by the central bank also ...

Economic sentiment improved in July, the University of Cyprus’ Economic Research Centre said on Wednesday. In its monthly bulletin, the research centre says that in July 2022, economic sentiment in Cyprus ...

The Cyprus Securities and Exchange Commission has received the Great Place to Work® certificate. CySEC is the second public authority that has successfully completed the Great Place to Work® assessment, ...

Tryfon Tseriotis, a company that markets and distributes more than 40 local and international brands, on Tuesday announced that it will be providing its employees with additional days of annual leave ...

Startups4Peace (Su4P), an EU-funded innovative entrepreneurship project backed by the Finnish embassy, announced on Monday the launch of its programme for 2022. The programme is delivered in partnership with ...

The Bank of Cyprus on Monday announced that it has approved around 550 of its employees for the bank’s voluntary retirement scheme. The total cost of the implementation of the ...

Embria, a Cyprus-based venture builder firm that founds, funds and grows its own startups from the ground up, earlier this month announced that it has sold its stake in Finnish ...

The Cyprus Investment Funds Association (CIFA) on Monday released a public statement congratulating Irene Mylona-Chrysostomou for her recent appointment as the new Registrar of Companies and Intellectual Property. “Mrs. Mylona-Chrysostomou ...

The Construction Materials Price Index increased by 19.42 per cent year-on-year in June, reflecting the rising costs in construction, as well as the resulting price increases in the sector, according to ...

Open letter to the finance minister By Achilleas Demetriades As part of the ongoing dialogue to tackle soaring prices, I would like to contribute the following ideas. Inflation is the ...

Cyprus’ non-performing loan (NPL) ratio rose to 11.4 per cent in the first quarter of 2022, according to a report released this week by the Central Bank of Cyprus. The NPL ratio ...

By Ioannis Tirkides The economic debate on the minimum wage, either its introduction on a national scale or its raise to a higher level, is no longer as controversial as ...

The European Commission on Thursday said that the Cypriot economy exceeded expectations during the first quarter of 2022, with a number of sectors outpacing performance forecasts. “The Cypriot economy surprised on ...

The Research and Innovation Foundation (Idek) this week announced that it has provided funding to start-ups and other innovative businesses worth a total of €8.5 million. The foundation said that it ...

By George Pirishis With the cost of energy and electricity increasing dramatically, there are many households trying to take advantage of the subsidisation programmes by the Ministry of Energy, Trade ...

Labour minister Kyriacos Koushos on Wednesday expressed satisfaction at the launch of the social insurance office’s digital service for receiving childbirth aid. Koushos, who also thanked Deputy Minister for ...

Value added in the construction sector in Cyprus dropped after 5 years of growth in 2020, according to the construction and land development survey conducted by the Cyprus Statistical Service (Cystat). The ...

By Robert Street In recent years Cyprus has significantly enhanced its fund legislation to position itself as a flexible and cost-effective jurisdiction for funds and fund managers within the European ...

The total value of assets under management (AUM) by Collective Funds declined by 3.9 per cent in the first quarter of 2022 over the previous quarter, while Management Companies and Undertakings of ...

The Cyprus University of Technology (Tepak) earlier this week entered into a partnership agreement with software company SoftOne Cyprus. The partnership was ratified through the signing of a memorandum of ...

The Cyprus Chamber of Commerce (Keve) on Tuesday announced that it will be holding a seminar on career prospects in the maritime sector. The seminar, which is being held in ...