#CyprusBusinessNow

Paphos hoteliers association (Pasyxe) president Thanos Michaelides on Monday said that hotel occupancy rates in the district are ranging between 80 and 85 per cent, before falling to approximately 70 per cent in ...

The Harmonized Index of Consumer Prices in July 2022 increased by 10.6 per cent compared to July 2021, while compared to the previous month it increased by 1.7 per cent, according to data released ...

International flights by Cyprus residents to foreign destinations picked up during July, according to a report by the Cyprus Statistical Service released this week. Based on the data, foreign trips ...

Following the news that international financial technology firm Revolut received approval to create a crypto hub in Cyprus, the Cyprus Securities and Exchange Commission (CySEC) on Wednesday confirmed that it ...

There was a €24.6 billion international trade deficit in the euro area in June 2022, according to a report released on Tuesday by the European Union’s statistical office (Eurostat). In addition, ...

A small increase of 0.09 per cent was recorded in the price index of construction materials for the month of July 2022, compared to the previous month, according to a report by ...

Association of Large Investment Projects president Andreas Demetriades this week said that there are still issues related to Cyprus’ permanent residence programme and asked for the Interior Ministry to “immediately ...

The market capitalisation of all the shares traded during the month of July on the Cyprus Stock Exchange reached €1.9 billion, according to a statement released by the CSE this week. ...

The Bank of Cyprus on Tuesday announced that its board of directors will meet on Tuesday, August 30, 2022, to review the financial results of the Bank of Cyprus Group for the ...

Nexters, an international game development company headquartered in Limassol, this week released its financial and operational results for the first quarter of 2022. In addition, the company also announced changes to ...

Cypriot company Point Nine on Thursday announced that it will be holding its third annual conference on September 16, 2022, with the event taking place at the Four Seasons Hotel in Limassol. ...

The Central Bank of Cyprus (CBC) this week released a report showing that pure new credit granted by Cypriot banks in June rose to €343.6 million, representing an increase of 32 per ...

The Gloria Jean’s Coffee franchise in Cyprus will now be under new ownership, with the new owner being Lanitis Entertainment. This marks the end of C.C. Coffee Company’...

PwC Cyprus on Monday said that its specialised seminar on headquartering, titled ‘Headquartering in Cyprus: The why and the how’, attracted a great deal of interest. The seminar, which took ...

Venus Minerals chairman and Euromines president Mark Rachovides on Friday said that the European Union must step up its domestic production of critical raw materials to accelerate the green energy ...

Cypriot banks see a tightening of lending criteria for the second quarter of 2022, due to the uncertainty related to Russia’s invasion of Ukraine, according to the Q1-22 Bank ...

The Central Bank of Cyprus on Wednesday released a report which showed that the outstanding amount of deposits in June reached €51.3 billion. Moreover, the report by the central bank also ...

Tryfon Tseriotis, a company that markets and distributes more than 40 local and international brands, on Tuesday announced that it will be providing its employees with additional days of annual leave ...

Startups4Peace (Su4P), an EU-funded innovative entrepreneurship project backed by the Finnish embassy, announced on Monday the launch of its programme for 2022. The programme is delivered in partnership with ...

The Cyprus Investment Funds Association (CIFA) on Monday released a public statement congratulating Irene Mylona-Chrysostomou for her recent appointment as the new Registrar of Companies and Intellectual Property. “Mrs. Mylona-Chrysostomou ...

Cyprus’ non-performing loan (NPL) ratio rose to 11.4 per cent in the first quarter of 2022, according to a report released this week by the Central Bank of Cyprus. The NPL ratio ...

The Research and Innovation Foundation (Idek) this week announced that it has provided funding to start-ups and other innovative businesses worth a total of €8.5 million. The foundation said that it ...

Value added in the construction sector in Cyprus dropped after 5 years of growth in 2020, according to the construction and land development survey conducted by the Cyprus Statistical Service (Cystat). The ...

Hellenic Bank on Monday announced that it has successfully launched and priced the issuance of €100 million Senior Preferred Notes, under its €1.5 billion Medium Term Note Programme (EMTN). According to the ...