Total petroleum product sales in Cyprus fell by 4.7 per cent in November, compared to the same month in 2023, according to the Cyprus Statistical Service (Cystat). Despite the overall decline, …
Cyprus government signs agreement for airport expansions
The Cyprus Ministry of Transport, Communications and Works and Hermes Airports has signed an agreement for the phase two construction works, and settlement of disputes related to the concession …
Business & Finance
The Central Bank of Cyprus (CBC) on Friday said that it is assessing the capital needs of banks in light of escalating macroeconomic and geopolitical risks. Speaking during a briefing …
Business & Finance
The Central Bank of Cyprus (CBC) on Friday said that it is assessing the capital needs of banks in light of escalating macroeconomic and geopolitical risks. Speaking during a briefing …
Archbishop: Reframe the Cyprus problem as one of invasion and occupation
Archbishop Georgios, in his Christmas message, emphasised the need to reframe the Cyprus problem as a problem of invasion and occupation, adding that “under this perspective, we should pursue a …
Slower growth for property market in 2025
Growth in the Cyprus property market is expected to slow in 2025, but it will remain a critical economic activity in future years.
Cyprus’ economic index rises for third consecutive month
Cyprus’ Composite Leading Economic Index (CCLEI), maintained by the Economics Research Centre (CypERC) at the University of Cyprus, recorded an annual increase of 1.2 per cent in November 2024. This …
Cyprus wholesale trade rises 4.6 per cent in third quarter
The value of wholesale trade activities in Cyprus saw an increase in the third quarter of 2024 compared to the same period last year, according to the state’s statistical service. The Wholesale Trade …
Invest Cyprus signs MoU to grow high-tech sector, create jobs
Invest Cyprus on Monday announced the signing of a memorandum of understanding (MoU) with the Cyprus Space Exploration Organisation (CSEO). The agency, tasked with the purpose of driving foreign …
Cyprus Business Now: GDP forecast, bank measures, CBC restructure, EIB
Bank of Cyprus and Hellenic Bank on Friday announced a new raft of measures aimed at supporting vulnerable borrowers. The developments come after meetings at the presidential palace earlier in the …