Cyprus Business News

Delfi Partners director Michalis Loizou on Thursday argued against the notion that short-term rental properties in Cyprus are the primary cause of rising rental costs, suggesting that other factors contribute ...

Brookstreet Equity Partners, a Greek-founded fund management firm, whose investment footprint includes Cyprus, this week launched a new investment platform based in London. According to an official announcement, the new ...

The Finance Ministry is aiming to reduce public debt to below 60 per cent of GDP by 2026, according to Finance Minister Makis Keravnos. Commenting on the latest International Monetary Fund (IMF) ...

Total deposits in the Cypriot banking system saw a net increase of €164.7 million in July, reversing the €44.1 million decrease from June, according to a report released on Wednesday from the ...

The American University of Beirut – Mediterraneo (AUB Mediterraneo) will inaugurate its new Paphos campus on September 4, a significant milestone for its operations in Cyprus. The inaugural ceremony, scheduled for 7:00 pm ...

The Cyprus Agricultural Payments Organisation (Capo) this week announced that it has established a strategic partnership with the Eratosthenes Centre of Excellence (ECoE), which operates within the Cyprus University of ...

The Finance Ministry is aiming to reduce public debt to below 60 per cent of GDP by 2026, according to Finance Minister Makis Keravnos. Commenting on the latest International Monetary Fund (IMF) ...

The Cypriot government is in the process of creating a national strategy for cruise tourism, aimed at transforming the island into a prime destination in the Eastern Mediterranean, it emerged ...

Cyprus witnessed an improvement in its economic sentiment in August 2024, according to the University of Cyprus’ Economics Research Centre (CypERC). In a report released this week, the centre noted that ...

Current Eurobank Cyprus CEO Michalis Louis is expected to become the new chief executive officer of Hellenic Bank, it emerged on Tuesday. This appointment comes as part of a broader ...

August has seen high occupancy rates at Cypriot hotels, reaching or even exceeding 90 per cent in some cases, according to Hoteliers’ Association (Pasyxe) general director Philokypros Rousounides. Rousounides noted that ...

The Cyprus Consumers Association (CCA) has reported a significant uptick in complaints this summer, primarily targeting airline services, according to the association’s legal officer Virginia Christou. In addition, she ...

Current Eurobank Cyprus CEO Michalis Louis is expected to become the new chief executive officer of Hellenic Bank, it emerged on Tuesday. This appointment comes as part of a broader ...

The Cyprus Real Estate Agents Registration Council this week announced that it will conduct examinations for aspiring new real estate agents on Saturday, 26 October 2024. According to the announcement, these exams ...

Limassol-based startup Correctify is aiming to transform Cyprus’ hospitality industry by revolutionising the menu creation process with its innovative AI-driven solution. Launched in 2023 by Marios Simou and his team, the ...

The University of Cyprus’ Economics Research Centre (CypERC) is entering the second phase of its tax reform project, it emerged on Monday, after it had been tasked to come up ...

The Cyprus regional finals of the Startup World Cup 2024 are set to take place on Thursday, August 29, at the BrainRocket premises in Limassol. The event will spotlight the region’s ...

Demand for modern office spaces in Cyprus, particularly in Limassol, remains strong in 2024, as companies pursue energy-efficient buildings, according to a report released on Monday from property consultants Danos. The ...

The University of Cyprus’ Economics Research Centre (CypERC) is entering the second phase of its tax reform project, it emerged on Monday, after it had been tasked to come up ...

The value of Cypriot bonds held by the Eurosystem has decreased to €6.38 billion as the European Central Bank (ECB) continues its balance sheet reduction under its tightening monetary policy. These ...

Here are the top business stories in Cyprus from the week starting August 19: A total of 6.6 million passengers traveled through Cyprus’ airports between January and July this year, according to ...

Cyprus has seen its debt-to-GDP ratio drop to 72.3 per cent, marking a substantial decrease of nearly 10 percentage points over the past year. According to a report released on Friday from ...

The Cypriot economy is on an upward trajectory and displaying resilience, Finance Minister Makis Keravnos said on Friday, after briefing the Cabinet on the semi-annual fiscal policy report. In remarks ...

Eurobank has announced the new board members it will propose for Hellenic Bank ahead of the general assembly scheduled for September 18. According to the proposal, Petros Christodoulou is set to ...