Cyprus by the Numbers

The Cyprus Investment Funds Association (CIFA), supported by Invest Cyprus, organised and ran an online workshop explaining the intricacies of the EU Recovery and Resilience plan for Cyprus. A number ...

The Ministry of Energy, Commerce and Industry has announced that it has received 652 applications from pre-existing and newly formed manufacturing small-to-medium enterprises (SMEs) who wish to improve their competitiveness. The ...

The state budget for 2022 was handed over to parliament on Thursday, with the drastic reduction of the deficit being the key takeaway. More details about the budget have emerged since ...

Industrial Turnover showed a significant increase of more than 10 per cent in July 2021, but also in the first seven months of the year, a development that is mainly due to ...

The 2022 state budget will feature a significant fiscal correction, after two years of high deficits, said finance minister Constantinos Petrides, while handing it to the President of the House of ...

A series of exploratory drilling at Kokkinoyia, a mining area near Mitsero in the Nicosia district, has led to the confirmation of gold deposits in all drill holes, identifying the ...

The Cyprus edition of 0100 Conferences will make its presence felt at the upcoming Reflect Festival in Limassol later this month. 0100 Conferences Cyprus will allow people to network with senior fund ...

Limassol-based GP General Procurement Compan Limited (GenPro), a maritime and commercial procurement company, held its first annual Blue Day Sustainability Seminar in September. The seminar focused on the company’s ...

Lending criteria to both businesses and households remained unchanged in the second quarter of 2021, but it is expected that they will become stricter in the third quarter of the year, ...

The Cyprus Shipping Chamber travelled to Brussels this week to participate in a conference hosted by the European Community Shipowner’s Association (ECSA). The Cypriot delegation was composed of the ...

Non-performing loans (NPLs) decreased by €142 million in June 2021, according to data released by the Central Bank of Cyprus. This decrease reflects a 2.8 per cent aggregate drop compared to the previous ...

A delegation of Cypriot representatives travelled to London this week to promote Cyprus as a European jurisdiction in which investment funds and fund management companies can be registered. The delegation ...

Buoyed by the tourism and retail sectors, the Cypriot economy continued to be on an upwards trajectory in August according to a report by the University of Cyprus Economic Research ...

DP World Limassol used World Tourism Day to reiterate its commitment to further bolster the country’s cruise industry and turn the Limassol port into a top cruise hub in ...

The Bank of Cyprus’ BOC Asset Management (BOCAM) company has been awarded a contract to provide consultancy services to the Cyprus Telecommunications Authority (Cyta), as well as to its subsidiaries ...

The Cyprus Shipping Chamber held its annual charity beach volley tournament in Limassol between September 19 and September 26. The tournament included the participation of the chamber’s member companies and was ...

The European Commission has approved a €2.7 million scheme by Cyprus to support small and medium-sized enterprises (SMEs) active in the agricultural and livestock production, affected by the coronavirus outbreak. The ...

Despite the ongoing effects of the pandemic Hellenic Bank is still on course to meet its long-term objectives, its new CEO Oliver Gatzke said on Friday as the bank posted ...

Cyprus will be at the EXPO2020 world fair between October 1 2021 and March 31 2022 to share its history and cultural heritage with visitors, promote the island as a tourist destination, advance its ...

Trade union Sek has released a press statement saying that it has been asking for a ‘prudent and comprehensive’ tax reform that will be shaped by dialogue and consultation and ...

The Sewerage Board of Limassol – Amathus (SBLA) signed a contract on Wednesday for the construction of a sewerage system in Palodia, at an estimated cost of €7 million. “Today, with the ...

The Research Foundation’s chairman Nikolas Mastroyiannopoulos announced on Wednesday two new security and defence programmes. The programmes are worth a total of €3 million and are part of Cyprus’ recovery ...

More than €200 million in EU funds has been allocated to improve the competitiveness of Cypriot businesses between 2021 and 2027, but the full absorption of this amount could be endangered by a ...

71 community councils have been exempted from contributing to the construction cost of various small-scale projects amounting to €5.2 million in total. The councils’ contributions will instead be sourced from savings made ...