Cyprus Business News

The number of tourists arriving in Cyprus reached 509,463 in September 2024, up from 487,350 in September 2023. This marks an increase of 4.5 per cent year-on-year, according to the Cyprus Statistical Service (Cystat). For ...

Cyprus’ harmonised inflation rate decelerated to 1.6 per cent in September 2024, matching the rate recorded in March of this year, which was the lowest recorded during the past 33 months. This figure ...

Aegean Airlines this week announced the launch of a new direct route connecting Cyprus to Rome, effective from April 2025. According to the announcement, the new service will operate from Larnaca ...

The CFA Society Cyprus this week reaffirmed its commitment to promoting professional networking and excellence within the island’s financial community during its first post-summer member event. In an official ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday announced that it will no longer accept new applications for registration of Crypto-Asset Service Providers (CASPs). This decision is in line ...

The Pancyprian Cooperative Promotion Company is seeking a contractor to prepare a prospectus and issue shares as part of its roadmap to establish a “new small cooperative bank”, it emerged ...

The Pancyprian Cooperative Promotion Company is seeking a contractor to prepare a prospectus and issue shares as part of its roadmap to establish a “new small cooperative bank”, it emerged ...

Darefore, a KV Fund I portfolio company and leader in cycling and sports technology, has teamed up with world-renowned triathlete Matt Hanson to inspire athletes globally.   Through innovative posture-tracking tools ...

Young scientists from Cyprus were celebrated by the Research and Innovation Foundation (RIF) at the 18th European Researchers’ Night for their exceptional communication skills and imaginative entries across various science ...

The Cyprus Borrowers Association (Syprodat) has criticised the government for what it describes as a series of contradictory actions that are negatively affecting citizens. In a strongly worded statement released ...

Hong Kong investor and entrepreneur Balram Chainrai has submitted a proposal to acquire up to 100 per cent, with a minimum of 76 per cent, of the issued share capital of the ...

The inaugural Women in STEM Cyprus Forum, held on October 8 at the Kolla Cultural Factory in Limassol, made a resounding call for systemic reform to boost female representation in Science, ...

In an ever-changing geopolitical and geoeconomic environment, the challenges are enormous and the ability to adapt and respond immediately is imperative, Finance Minister Makis Keravnos said on Tuesday. Addressing the ...

The fourth annual Thalassa Festival will take place in Limassol’s multifunctional seaside park (Molos) on October 19, showcasing entertainment and insights into the blue economy’s impact on Cyprus, backed ...

The Bank of New York has awarded the Bank of Cyprus the “STP AWARD 2023” for the third consecutive year, recognising the high-quality procedures the Bank follows in the area of ...

The Deputy Ministry of Research, Innovation and Digital Policy on Tuesday announced that it has signed a Memorandum of Understanding (MoU) with UAE’s Khazna, the largest data centre operator ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday reported that the total assets under management (AUM) for the country’s collective investment sector reached €9.4 billion in the second quarter ...

Cyprus-based international gaming and entertainment company GDEV this week released its financial results for the second quarter of 2024, posting $108 million in bookings. This highlights the continued growth of its popular ...

Rising interest rates, which have led to increased borrowing costs, have consequently weighed heavily on mortgage demand in Cyprus, according to Delfi Partners’ analysis, which examined data for the first ...

Cyprus’ potential as a prime investment destination received a boost with last week’s inauguration of two major manufacturing facilities, the Olympus dairy plant in Nicosia and the Kassatly beverage ...

Rising interest rates that gave rise to increased borrowing costs have weighed heavily on mortgage demand in Cyprus, according to Delfi Partners’ analysis, which looked at data for the first ...

The Cyprus Statistical Service (CyStat) reported robust growth across key sectors of the economy in the first half of 2024, with manufacturing, construction, and tourism showing notable gains. Manufacturing production rose ...

Here are the top business stories in Cyprus from the week starting October 7: Cyprus’ ambitions to transform itself into a tech hub are facing significant challenges, as tech firms warn ...

Some 400 women in shipping from 40 different countries are currently participating in the 50th Anniversary World Congress of the Women’s International Shipping and Trade Association (WISTA International), which began on ...