Cyprus Business News

Employment in Cyprus increased by 2.1 per cent in the second quarter of 2024, with both the number of people employed and the total hours worked showing growth. According to provisional estimates ...

Cyprus-based internet browser Aloha, which operates on a privacy-first approach, this week sent an open letter to the World Wide Web Consortium, rallying industry leaders to eliminate “annoying cookie banners” ...

The Nicosia Municipality on Friday announced the launch of a new two-month business accelerator programme. This initiative is specifically aimed at individuals, teams, and existing businesses in the creative and ...

The Larnaca Regional Tourism Board (Etap) and the Larnaca Chamber of Commerce and Industry (Evel) on Friday called for significant improvements to public transport services in the district’s mountainous ...

Cyprus saw a significant rise in consumer prices in August 2024, with olive oil prices soaring by 62 per cent compared to August 2023. According to the latest Consumer Price Index data, which ...

Cyprus’ Industrial Turnover Index reached 136.6 points in June 2024, with 2021 as the base year set at 100 points.   According to a report from the Cyprus Statistical Service (Cystat), this marks a 2.6 per ...

Inflation in Cyprus stood at 1.5 per cent in August, its lowest level since March of this year, according to a report from the Cyprus Statistical Service (Cystat) released on Thursday. ...

Inflation in Cyprus stood at 1.5 per cent in August, its lowest level since March of this year, according to a report from the Cyprus Statistical Service (Cystat) released on Thursday. ...

The Cyprus Information Technology Enterprises Association (CITEA) announced this week that it has signed a cooperation agreement with the Dubai World Trade Centre (DWTC). This agreement paves the way for ...

The Cyprus Chamber of Commerce & Industry (Keve) on Thursday announced that the Shorewinner project, a pioneering effort to advance skills in the offshore renewable energy sector, is set for ...

Digital banking platform FINOM, which also has offices in Cyprus, announced the appointment of Alessandro Camilotti as its new chief financial officer on Thursday. The Amsterdam-based firm explained that Camilotti’...

The Cyprus Securities and Exchange Commission (CySEC) this week announced that it has imposed a total administrative fine of €50,000 on Cypriot investment firm (CIF) IC Markets (EU) Ltd. According to ...

Cyprus’ Turnover Value Index for the transport and storage sector reached 139.4 units in the second quarter of 2024, marking an increase of 1.8 per cent compared to the same period last year. ...

The Central Bank of Cyprus (CBC) has reported a rise in interest rates on consumer loans, which increased to 6.67 per cent in July, up from 6.18 per cent in the previous ...

Saudi Arabia’s Transport Minister Saleh Al Jasser visited the Eurogate Container Terminal in Limassol this week to review its upgraded infrastructure and operations. According to Eurogate, During the visit, ...

The implementation rate of development expenses from the state budget stood at 29 per cent at the end of July, according to a report by the Treasury. This is slightly higher ...

The Deputy Ministry of Tourism this week announced the launch of the second round of its grant scheme for the revival of rural, mountainous, and remote areas. The scheme is ...

The number of registered unemployed individuals in Cyprus decreased by 8.9 per cent in August 2024 compared to the same month in 2023. According to a report released on Wednesday by the Cyprus ...

Administrative, support and real estate services in Cyprus performed well during the second quarter of 2024, according to the latest services turnover value index report. Specifically, according to the Cyprus Statistical ...

The Central Bank of Cyprus (CBC) has reported a rise in interest rates on consumer loans, which increased to 6.67 per cent in July, up from 6.18 per cent in the previous ...

Darefore, a Paphos-based startup founded by brothers Marios and Panayiotis Kyriakou, has been incorporated into the KV Fund portfolio. According to an official announcement released this week, the company’s ...

The Cyprus property market saw apartments emerge as the preferred choice among buyers during the second quarter of 2024, according to a report released on Tuesday from the Cyprus Real Estate ...

The Cyprus property market saw apartments emerge as the preferred choice among buyers during the second quarter of 2024, according to a report released on Tuesday from the Cyprus Real Estate ...

Cyprus saw an increase in the sales of petroleum products during July, which totalled 134,484 tonnes, marking a 4.6 per cent increase compared to July 2023. According to a report released on Tuesday ...