#CyprusBusinessNow

The Central Bank of Cyprus (CBC) on Friday announced that it has set the reference interest rate for the October-December 2023 quarter at 11.52 per cent. This decision comes in accordance with ...

Cypriot lender CDB Bank announced on Thursday that it actively supports Cyprus’ endeavours to attract investment funds, serving as a Silver Sponsor at the 9th International Funds Summit & Expo ...

Cyprus has recorded a fiscal surplus of €676.3 million, representing 2.4 per cent of the Gross Domestic Product (GDP) for the year 2022, according to an announcement by the Cyprus Statistical Service. Additionally, ...

In a resounding endorsement of Cyprus’ burgeoning investment sector, the 36th Annual International Investment Funds Association (IIFA) Conference kicked off in Limassol on Tuesday, welcoming delegates from major Funds and ...

The Cypriot Ministry of Agriculture, Rural Development, and Environment and the Eratosthenes Centre of Excellence at the Cyprus University of Technology (Tepak) have signed a memorandum of cooperation, according to ...

Here are the top business stories in Cyprus from the week starting October 16: The priorities of the government are intertwined with the commitment to incorporate technology and digitisation into its ...

The Construction Material Price Index in Cyprus experienced a slight annual decline in September, marking its first yearly decrease in nearly three years, particularly since November 2020. According to data from ...

The path to sustainable tourism involves the fusion of technology and the preservation of cultural heritage, stated Deputy Minister of Tourism Kostas Koumis, during his speech at the 16th International ...

Hellenic Bank on Wednesday released a statement explaining that in an increasingly volatile economic environment, Cypriot businesses require a stable and reliable partner, noting that with a customer-centric approach, in ...

The University of Cyprus on Tuesday announced that the Jean Monnet Centre of Excellence DIGIU, which is dedicated to the study of the European institutional framework concerning digital and online ...

The 7th International Scientific Conference on Renewable Energy and Energy Efficiency has drawn to a triumphant close, attracting professionals, scientists, and enthusiasts from both Cyprus and abroad within the business ...

Here are the top business stories in Cyprus from the week starting October 9: President Nikos Christodoulides highlighted the significant role of the shipping industry in Cyprus’ economy during his address ...

The Business Leaders Summit, a prominent gathering of business leaders in Cyprus, is back to shed light on the major issues and challenges modern business leaders face. Organised by the ...

Cyprus has witnessed a notable increase in bounced cheques, with 26 such incidents totalling €276,202 reported in September 2023 alone. This concerning trend has landed 15 individuals (comprising 12 legal entities and 3 individuals) on the ...

Cyprus experienced a substantial improvement in its current account deficit during the second quarter of the year, which narrowed to €346.1 million from €1.04 billion in the same period last year, according ...

The Cyprus Statistical Service (Cystat) this week reported a remarkable 35 per cent increase in total vehicle registrations in September 2023, compared to the same month in 2022, with the number reaching 4,607 vehicles, ...

Parklane, a Luxury Collection Resort & Spa, on Monday announced its recent accolades in the prestigious Conde Nast Traveler Readers’ Choice Awards. Recognised for its unwavering commitment to delivering unparalleled ...

Here are the top business stories in Cyprus from the week starting October 2: The Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou on Friday used his keynote address ...

In a recorded speech aired during the opening ceremony of the 2nd Financial Markets Forum hosted by Freedom Finance Europe, Cyprus’ Minister of Finance, Makis Keravnos, affirmed the government’s ...

The Central Bank of Cyprus (CBC) released its latest data this week, revealing a minor increase in deposit interest rates in Cyprus in August 2023 compared to July. While the interest ...

Cyprus’ banking sector has seen its net interest income double in the first half of 2023, marking a 100 per cent increase compared to the same period last year. This surge is ...

The retail industry in Cyprus experienced significant growth in August 2023, with the Retail Trade Turnover Index showing a remarkable increase of 10.1 per cent, compared to the same month in the ...

The Cyprus Real Estate Registration Council announced that with continuous member education as one of its top priorities, and aiming to provide the best possible training, it successfully organised another ...

Here are the top business stories in Cyprus from the week starting September 25: National flag carrier Cyprus Airways on Thursday announced a strong performance for the month of August 2023, reporting ...