#CyprusBusinessNow

Cypriot company Louis Plc this week announced that it has recorded a significant improvement in its operational revenue during the first half of 2022, reaching €32.5 million during this time, compared to €6.2 ...

Limassol port management company DP World Limassol on Friday announced launched for another year a three-month internship programme for students pursuing a degree in shipping or related field, noting that ...

The Turnover Value Index of Wholesale Trade in Cyprus during the second quarter of 2022 rose by 33.4 per cent, compared to the corresponding quarter of the previous year, according to data ...

Cypriot company Point Nine this week announced that its third annual conference was successfully held at the Four Seasons Hotel in Limassol on Friday, September 16, attracting a number of stakeholders ...

There was an increase of 16.69 per cent in the Construction Materials Price Index in August 2022, compared to the corresponding period in 2021, according to a report released this week by the ...

Fidera Limited and its operating partner Elements Capital Management on Monday unveiled the exterior design of Londa Residences, a high-end residential development in Limassol. The development involves the transformation of ...

Harmonized inflation in Cyprus continued to rise in August 2022, albeit at a slower pace than the previous month, registering a 9.6 per cent year-on-year increase, according to a report released on ...

Total hourly labour costs in Cyprus increased by 5.2 per cent year-on-year during the second quarter of 2022, according to preliminary data published on Thursday by the Cyprus Statistical Service (Cystat). The ...

The total number of employees in the general public sector reached 72,432 in the second quarter of 2022, marking an increase of 1.8 per cent compared to the corresponding period of 2021, according to ...

Hellenic Bank on Tuesday announced its decision to terminate negative interest rates on non-household Euro accounts, with effect from October 3, 2022. From the aforementioned date, the interest rate on all non-household ...

Private healthcare company Laertes Health LTD on Monday announced that it has finally approved the necessary building permit for the construction of a private hospital in Nicosia. The hospital, a 4...

Association for the Protection of Borrowers (Syprodat) this week welcomed the Central Bank of Cyprus’ call for tenders for a project to digitally verify the data of bank clients. The ...

The bank employees union Etyk this week announced that it has reached an agreement with the Association of Cyprus Banks for the renewal of their collective agreement. Etyk said that ...

Employment in Cyprus increased by 1.9 per cent in the second quarter of 2022, compared to the corresponding quarter of 2021, while actual working hours recorded a percentage increase of 5.2 per cent, according ...

A bill to regulate matters concerning start-ups and their investments is expected to be submitted to the House of Representatives within this year, according to an update received on Tuesday ...

There was an increase in lending rates and a decrease in new loans in July 2022, according to a report released this week by the Central Bank of Cyprus. According to ...

The Retail Trade Turnover Value Index increased by 11.4 per cent in July 2022, compared to the corresponding month of the previous year, while the Retail Trade Turnover Volume Index increased by 1.5 ...

Deputy minister for shipping Vassilis Demetriades on Wednesday travelled to the Netherlands to support and promote Cypriot shipping through a number of meetings with Dutch shipping companies. According to an ...

Total petroleum product sales in Cyprus experienced a slight drop in July, with sales from gas station pumps falling for the second month in a row, according to a report ...

CarVal, an established global alternative investment manager, on Monday, increased its stake in the Bank of Cyprus to 9.07 per cent, up from the previous percentage of 8.57 per cent, through the ...

The balance of deposits in Cyprus amounted to €51.2 billion, while the balance of loans to €28.6 billion in July 2022, registering a net decrease compared to June, according to a report published ...

Deputy minister of shipping Vassilis Demetriades on Thursday met with Panama’s director of the general directorate of seafarers, captain Juan Maltez, and the ambassador of Panama Julie Lyberopoulos, in ...

Deputy Minister of Tourism Savvas Perdios on Wednesday said that two major schemes are being prepared that aim to upgrade Cyprus’ tourism product. These include improving and upgrading services, with ...

Cypriot company Point Nine on Tuesday announced that it has been selected as one of the 50 best companies to watch in 2022 by The Silicon Review, one of the world’s ...