Cyprus Business News

Hellenic Bank on Wednesday reported a profit after tax of €284 million for the first nine months of 2024, marking a 28 per cent increase from the same period last year. “During the ...

Cyprus is participating in the World Travel Market (WTM) conference in London this week, joined by nearly 55 co-exhibitors at the ExCel exhibition centre. According to an announcement by the Deputy ...

Financial services provider payabl. on Wednesday announced that it has appointed Marios Tsiailis as its new group chief financial officer (CFO). According to the announcement, Tsiailis has “a strong track ...

National investment promotion agency Invest Cyprus and TechIsland, Cyprus’ largest tech association, on Wednesday announced the signing of a memorandum of understanding (MoU). According to the announcement, the agreement aims ...

By Pavlos Loizou, CEO of Ask Wire  The real estate industry has long been known for its slow adoption of technology. Despite the significant advancements in PropTech—offering everything from ...

The Cyprus Borrowers Association (Syprodat) has issued a call for comprehensive government measures to address the rising cost of living, urging action that benefits all citizens without distinctions or limitations. ...

United Arab Emirates energy giant Abu Dhabi National Oil Co has expressed interest in Cyprus’ emerging natural gas sector, Energy Minister George Papanastasiou has said. “They expressed interest in the ...

The number of registered unemployed individuals in Cyprus saw a 15.7 per cent decrease in October 2024 compared to the same month last year, according to a report from the Cyprus Statistical ...

The value of bounced cheques in Cyprus plummeted by 65 per cent in the period from January to October 2024, according to a report released this week from the Central Bank of ...

Intership Navigation and Interorient Shipmanagement on Tuesday announced that they have merged to form InterMaritime Shipmanagement. The new entity, which will include Intership’s sister company Donnelly Tanker Management, will ...

Cyprus’ Authority Of Cooperative Societies, led by Kypros Protopapas, has raised concerns about the complexities involved in establishing a new, nationwide cooperative bank. Speaking before the House finance committee this ...

The Bank of Cyprus claimed two prestigious Gold Awards at Bousias’ Cyprus HR Awards for 2023, according to an announcement released on Tuesday. The bank was awarded ‘Best Change Management Strategy &...

The CFA Society Cyprus this week announced the launch of the CFA Institute University Research Challenge at Athlos House. In the context of the competition, CFA Society Cyprus invited Cypriot ...

The Central Bank of Cyprus (CBC) this week announced an ambitious transformation plan under its newly released strategy for 2025-2026. This initiative, outlined in a 13-page document, aims to create ...

Cyprus-based TheSoul Publishing has announced its acquisition of a majority stake in Mediacube, a certified partner of YouTube and Meta that provides fintech solutions to nearly ten thousand creators across 132 ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Monday highlighted the importance of taking a forward-looking approach to assessing individual risks, combined with a thorough analysis of the prevailing ...

The savings rate in Cyprus has experienced a decrease, according to preliminary estimates of key macroeconomic indicators from the national accounts for 2023. According to the data, the gross disposable income ...

The Hotel Professionals of Cyprus (Pasydixe) on Monday appointed Polis Kallis as its first general manager, according to an official announcement. The announcement explained that the new role is aimed ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Monday highlighted the importance of taking a forward-looking approach to assessing individual risks, combined with a thorough analysis of the prevailing ...

The Cyprus Securities and Exchange Commission (CySEC) has announced that it has suspended trading of shares for Toxotis Investments Public Ltd on the Cyprus Stock Exchange (CSE). According to an ...

Cyprus and Egypt are set to deepen maritime collaboration through a joint commission, established during Deputy Shipping Minister Marina Hadjimanolis’ recent visit to the country. The October 29 to 31 visit, made ...

Deputy Tourism Minister Kostas Koumis will lead a delegation to London on November 5-7 for the World Travel Market (WTM), according to an official announcement. The objective of participating in ...

Here are the top business stories in Cyprus from the week starting October 28: Financial support and advisory services are essential for Cyprus’ small and medium-sized enterprises (SMEs) to enhance resource ...

The Retail Trade Turnover Value Index in Cyprus saw a 3.1 per cent increase in September 2024 compared to the same month in 2023, according to a report from the Cyprus Statistical Service. ...