Cyprus Business News

Cyprus’ financial sector is undergoing a significant transformation as digital banking technologies, fintech partnerships, and sustainability initiatives reshape operations and redefine customer experiences. According to Stella Mourouzidou Damtsa, Manager Segments &...

Limassol port manager DP World Limassol on Tuesday announced that it has secured a major vehicle transhipment deal, describing it as “a significant milestone” for the multipurpose terminal. “This is ...

The €170 million expansion plans for Larnaca and Paphos airports are now open for public consultation, with feedback invited until January 15, 2025. Hermes Airports, the operator under a long-term concession agreement, said ...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday called on Cypriot banks to reduce loan interest rates and associated charges, following recent developments in the financial sector. Keve’...

Invest Cyprus on Monday announced the launch of a series of strategic meetings with regional and local authorities aimed at mapping and promoting investment projects that are open to foreign ...

The Central Bank of Cyprus (CBC) on Monday released its late report on interest rates across all monetary financial institutions (MFIs) for the month of October. According to the CBC, ...

The Central Bank of Cyprus (CBC) on Monday released its late report on interest rates across all monetary financial institutions (MFIs) for the month of October. The report showed fluctuations ...

The Cyprus Securities and Exchange Commission (CySEC) on Monday published a policy statement detailing the fees payable and the information required under the European Regulation on markets in crypto-assets (MiCAR). ...

District local authorities are now issuing building permits within 48 hours for low-risk developments of up to two residential units (Category A). This is provided that applications were submitted before July 1, 2024, ...

Rising costs are driving restaurants and bars in Paphos to the brink, with 50-60 expected to close permanently in 2024, according to Angelos Onisiforou, chairman of the regional association of recreation ...

Hellenic Bank on Monday announced a reduction in its reference rate for loans linked to the European Central Bank’s (ECB) base rate. Effective from December 18, 2024, the rate will decrease ...

Labour costs and job vacancies in Cyprus experienced significant increases in the third quarter of 2024, according to a report released by the state’s statistical service on Monday. According to ...

The Commissioner of State Aid Control Stella Michaelidou on Monday approved a €3 million grant scheme to boost rural tourism. Specifically, the scheme seeks to provide support for the renovation or ...

Limassol’s share of the 2025-2027 state budget has drawn the ire of the Limassol Chamber of Commerce & Industry (Evel), which called for action to address traffic, infrastructure, and ...

Capital Intelligence Ratings has upgraded Hellenic Bank’s foreign currency long-term rating to “BBB-” from “BB”, citing significant improvements in financial stability and capitalisation. This took place on the same ...

CyRIC and bialoom, two Cypriot organisations, are contributing to the PhotonMed project, a major initiative in healthcare innovation, according to an official announcement. PhotonMed is a €32 million international project aimed ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced the appointment of Philokypros Rousounides as its new secretary general. The chamber said that Rousounides will assume his duties ...

Here are the top business stories in Cyprus from the week starting December 9: The European Union’s Digital Operational Resilience Act (DORA), taking effect on January 17, 2025, will impose tougher cybersecurity ...

The Bank of Cyprus on Friday announced that it has “swiftly reacted to the European Central Bank’s (ECB) latest decision to cut interest rates,” announcing a reduction in the ...

All new buildings across the European Union must achieve zero emissions by 2030, while public buildings face an even tighter deadline of 2028. This ambitious plan forms part of the EU’s ...

More than 800 students from schools across Cyprus participated in a series of lectures and talks organised by the Cyprus Securities and Exchange Commission (CySEC), aimed at enhancing financial literacy among ...

The Bank of Cyprus on Friday announced that it has “swiftly reacted to the European Central Bank’s (ECB) latest decision to cut interest rates,” announcing a reduction in the ...

Cyprus unveiled an ambitious aviation strategy during an event held on Thursday by the Mediterranean Flight Safety Foundation (FSF-MED) in Nicosia. At the event, Transport Minister Alexis Vafeades outlined plans ...

President Nikos Christodoulides presented a roadmap for economic growth and resilience during his address at the Cyprus Chamber of Commerce and Industry (Keve) annual general meeting in Nicosia on Thursday ...