Cyprus Business News

Cyprus surpassed other European countries like Croatia, Bulgaria, and Slovenia in short-term rental growth during 2024, according to Eurostat. The EU’s statistical office reported this week that short-term bookings in ...

The Cyprus Securities and Exchange Commission (CySEC) this week issued a warning to investors regarding ten websites that are not authorised to provide investment services or perform investment activities. The ...

Cyprus’ shopping malls reported record-breaking performance in 2024, with December emerging as a standout month for both footfall and sales. George Georgiou, general manager of Nicosia Mall, told local outlet Stockwatch ...

Hellenic Bank on Thursday announced that its annual HB EmPOWERment Talks initiative successfully concluded for the second consecutive year. The bank explained that this series of talks aims to support ...

Cyprus is set to intensify its appeal to Chinese tourists, aiming to secure a greater share of one of the world’s largest outbound travel markets, Deputy Minister of Tourism ...

Limassol’s mayors and business leaders convened this week to discuss their demands for increased state funding and a “sharper strategic focus” from the government. They argued that Limassol, a ...

Cyprus posted a historically high surplus of €1.42 billion between January and November 2024, equivalent to 4.2 per cent of GDP, according to preliminary data from the Cyprus Statistical Service (Cystat). This marks ...

Cyprus posted a historically high surplus of €1.42 billion between January and November 2024, equivalent to 4.2 per cent of GDP, according to preliminary data from the Cyprus Statistical Service (Cystat). This marks ...

The Cyprus Investment Funds Association (CIFA) on Wednesday released a statement saying that it views 2025 “as a year of strategic growth and opportunity in the investment funds sector”. “Cyprus’ investment ...

Hong Kong investor Balram Chainrai has increased his stake in Agros Development Company ‘Proodos’ Public Ltd, the owner of the Rodon hotel in Agros. On January 7, Chainrai purchased an additional 319 ...

Nicosia and Larnaca led the way in Cyprus’ property market in 2024, driving a 1.5 per cent overall increase in sales documents compared to the previous year, according to data from the ...

The Cyprus Chamber of Commerce and Industry (Keve) this week released a statement praising the country’s labour market performance in 2024. The chamber highlighted the significant uptick in employment rates ...

The Central Bank of Cyprus (CBC) reported on Tuesday a decline in most deposit and lending rates in November, except for loans to non-financial corporations exceeding €1 million, which recorded an ...

The Economic Sentiment Index (ESI) in Cyprus recorded a modest improvement in December 2024, rising by one point compared to November, according to the Economics Research Centre of the University of ...

The Economic Sentiment Index (ESI) in Cyprus recorded a modest improvement in December 2024, rising by one point compared to November, according to the Economics Research Centre of the University of ...

Cyprus’ international investment position (IIP) showed slight improvement during the third quarter of 2024, according to a report released this week by the Central Bank of Cyprus (CBC). The IIP recorded ...

A total of 12,382 individuals were registered as unemployed at the end of December 2024, according to a report released on Tuesday by the Cyprus Statistical Service (Cystat). The seasonally adjusted figures ...

Cypriot retailers are gearing up for a wave of winter sales starting this week, following a robust holiday shopping season. While there is no formal or set sales period, it ...

Cyprus has made significant strides in its journey towards digital transformation and green innovation in 2024, primarily by leveraging €1.2 billion from the European Recovery and Resilience Plan. This substantial investment is ...

The Cyprus Stock Exchange (CSE) general index outstripped global counterparts in 2024 by climbing 58.3 per cent, marking the best performance among national stock exchange indices. This surge was primarily fueled by ...

The Cyprus Productivity Centre (CPC) announced on Tuesday that it is organising a series of free digital skills training programmes. The programmes, which are open to everyone, will run from ...

The Cypriot property market fared well in 2024 despite challenges, which are expected to continue into 2025, according to Cyprus Real Estate Agents Registration Council president Marinos Kineyirou. Speaking to local outlet ...

By Marios Clerides Cyprus has gone through a series of crises in recent years, after the government started to lose access to international money markets around 2012. This was followed by ...

By Michalis Persianis The last two years have proven that the well-known clichés about the Cypriot economy are indeed true. Our economy is resilient, robust, highly adaptable and highly ...