#CyprusBusinessNow

The first phase of a scheme to transition hotel businesses to a circular economic model has begun in Cyprus, aimed at strengthening their competitiveness and resilience through sustainable practices. The ...

Here’s a summary of the top business news stories from the week starting April 10: Cyprus’ trade deficit soared by €1 billion in the first two months of 2023, reaching €1.87 billion compared ...

Paphos plans to strengthen its tourism industry through development and innovation, according to Kyriakos Drousiotis, chairman of the district’s regional board of tourism (Etap). Drousiotis emphasised the agency’s ...

Labour union Democratic Labour Federation of Cyprus (Deok) this week issued a statement expressing strong dissatisfaction with the “manifestly inadequate sentence” of suspended imprisonment imposed by the Larnaca permanent criminal ...

Cyprus-based property management company Altia on Wednesday announced that it will be managing a new real estate portfolio known as ‘Starlight’, which will be added to the existing portfolio managed ...

The Research and Innovation Foundation (Idek) recently organised a two-day information day aimed at highlighting the funding opportunities offered by the European Innovation Council through the Framework Programme for Research ...

Mining company Venus Minerals has noted that a recent study by archaeologists at the University of Gothenburg has revealed that a village in Larnaca was one of the most important ...

Here’s a summary of the top business news stories from the week starting April 3 in Cyprus: Eurobank Cyprus was awarded the “Best Private Banking Boutique in Cyprus” award by ...

The Cyprus Chamber of Commerce and Industry (Keve) on Friday announced that it offering grants between €2,000 and €5,000 for the development of the domestic Bee Economy, through a new purpose-built scheme, ...

The Bank of Cyprus on Thursday announced the establishment of a Sustainable Bond Issuance Framework, with a strategic goal of supporting the nation’s shift towards a more sustainable operational ...

The House Price Index in Cyprus fell by 4 per cent during the fourth quarter of 2022, compared to the previous quarter, falling to 108.03 points, down from 112.51, according to a preliminary estimate ...

DBRS Morningstar has confirmed the BBB rating with a stable outlook for Cyprus in both domestic and foreign currency over the long term, according to a report recently published by ...

Turnover in Cyprus’ retail trade sector rose during February 2022, both in terms of value and volume, according to a report released on Monday by the Cyprus Statistical Service (Cystat). According ...

The average gross monthly earnings of employees in Cyprus is estimated to have reached €2,546 during the fourth quarter of 2022, according to a report released on Friday by the Cyprus Statistical ...

State-owned Cyprus Asset Management Company (Kedipes) on Thursday reported that its board has decided that its state aid repayment for the first quarter of 2023 will be capped at €60 million. According ...

Total deposits in Cyprus recorded a net increase of €357.1 million in February 2023, compared to the previous month, with their balance amounting to €51.9 billion, according to a report released this week ...

The Republic of Cyprus is looking for investors to issue a sustainable bond, the Financial Director of the Public Debt Management Office, Phaidonas Kalozois, said this week. Kalozois had been ...

Deputy Minister of Tourism Costas Koumis this week visited the Limassol regional tourism board (Etal), pledging to provide solutions to longstanding issues in the district. The meeting, which also saw ...

Cyprus’ trade deficit for the period between January and December 2022 increased by €2 billion, marking a 34.5 per cent increase compared to the corresponding period in 2021. According to data published by the ...

The Trade Service of the Cyprus Ministry of Energy, Commerce and Industry announced this week that it participated in the food exhibition Foodex 2023, which was held in Tokyo, Japan. The ...

Cypriot company Tototheo Maritime on Tuesday announced that co-CEO Despina Panagiotou Theodosiou, co-CEO Sokratis Theodosiou, Chief Operations Officer Natalia Bury Loyal, and Head of Business Development Antonis Maniatis attended the ...

The Cyprus Maritime and Maritime Institute (CMMI) has released a statement saying that it has launched the Adaptation project, which seeks to promote the green transition in the shipping industry. ...

Here’s a summary of the top business news stories from the week starting March 13. Kedipes, the state-owned asset management company, has reported record inflows of €439 million for 2022, according to ...

The number of job vacancies in Cyprus in the fourth quarter of 2022 amounted to 7,821 in total, according to a report released this week by the Cyprus Statistical Service (Cystat). According ...