News

Output prices index rises by an annual 27.5% in July

31.08.2022 The July 2022 Industrial Price Index jumped 27.5% year-on-year, signaling inflationary pressure on economic activity in the midst of the war in Ukraine and the recovery from the Covid-19..

Financial aid to Turkish Cypriots up by €1.4 million in 2021

31.08.2022 The financial assistance of the Republic of Cyprus to Turkish Cypriots increased by 1.4 million euros in 2021. Finance Minister Konstantinos Petrides, who briefed the Cabinet on Wednesday about..

Bank of Cyprus posts €50 mln half-year profit

31.08.2022 The Bank of Cyprus released its financial results for the first half of 2022 on Wednesday, reporting an after-tax profit of €50 million , a significant improvement from the..

What is Cypriot business like today?

31.08.2022 According to a report published this week by the Cypriot Statistical Office (Cystat), total sales of petroleum products in Cyprus fell slightly in July, with sales at filling stations..

Credit acquiring companies and ‘bad’ practices

31.08.2022 The latest Financial Stability Report published by the Central Bank of Cyprus (CBC) states that “credit acquiring companies (CACs) should have the tools available to lending institutions in order..

Law firms failed due diligence for golden passports

31.08.2022 According to the Bar Association, some of the largest law firms in Cyprus did not conduct due diligence on foreign investors who obtained a Cypriot passport under the now..

Wealth Avenue: The CSE-listed company acquires four properties in Athens

30.08.2022 The NEA-listed company adds four new properties to its portfolio . to Ypres Wealth Avenue PLC (WEALTH). This purchase is carried out as part of the implementation of its..

The Icon: In demand Icon Stays service

30.08.2022 Icon Stays is a pole of attraction for both locals and foreign visitors to Limassol. Icon Stays, a short-term rental service that has been operating for several months in..

Uncollected taxes in Cyprus estimated at €2 billion

30.08.2022 According to a report published this week by the State Audit Office, a series of loopholes and shortcomings in the way the rules are applied has caused millions of..

Cypriot business today

30.08.2022 CarVal, a recognized global manager of alternative investments, on Monday increased its stake in Bank of Cyprus to 9.07%, up from a previous percentage of 8.57%, through the purchase..

Tourism revenue exceeds €800 million in the first half of the year

30.08.2022 Tourism revenue reached €835.7 million in the first half of 2022, a significant increase compared to the corresponding period in 2021, according to a report released on Monday by..

The economic sentiment declined in a 17-month low

29.08.2022 Economic sentiment in Cyprus deteriorated to a 17-month low in August as the Economic Sentiment Indicator (ESI-CypERC) fell 4.5 points from July 2022. The decline in ESI-CypERC was associated..

Ministry of Transport signed contract for Cloud hosting services

29.08.2022 The Cyprus Ministry of Transport has signed a cloud hosting contract for its national open transport data platform, which will monitor and manage traffic. According to a ministry press..

A new era of monetary policy is just beginning

27.08.2022 The current time and the next period, at least for a number of years, will be more insidious for monetary policy. This is due to the fact that the..

Businesses moving to the cloud must have a strategy in place

27.08.2022 The pandemic has exposed great financial, economic and operational weakness around the world. This has prompted organizations across all industries to redouble their business assurance planning efforts, which in..

Cyprus business today

27.08.2022 According to a report released on Friday by the Central Bank of Cyprus, the balance of deposits in Cyprus was 51.2 billion euros and the balance of loans was..

Unlocking a new era of real estate transactions

27.08.2022 My father called me on my Erickson T10 and asked, "Do you know how to use this computer number thing?" (a fair description of Excel by a man who..

Beach villas are rented for up to €35,000 per month

26.08.2022 Villas in areas close to the sea are rented for tens of thousands of euros per month. On the new real estate website, available from licensed real estate agents,..

Net decrease in deposits and loans recorded in July

26.08.2022 In July 2022, total deposits reached €51.2 billion and total loans reached €28.6 billion, representing a net decrease compared to June. This is evidenced by data on deposits and..

CySEC monitoring BoC takeover offers, Senvest increases share percentage

26.08.2022 Cyprus Securities and Exchange Commission (CySEC) Chairman George Theocharides said on Thursday that the commission is closely following non-binding takeover bids submitted by private equity firm Lone Star to..

The state of business in Cyprus now

26.08.2022 Deputy Minister of Shipping Vassilis Demetriades met on Thursday with the director of the Panama Seamen's General Directorate, Capt. Juan Maltes, and Panamanian Ambassador Julia Liberopoulos to discuss a..

Altamira Real Estate: Week of apartments at attractive prices

25.08.2022 Altamira Real Estate is back with a bang after the summer holidays with 70 exciting new properties in all provinces of Cyprus at particularly attractive prices. Highlighting this week's..

Green for the construction of a new “tower” in west Limassol

25.08.2022 The Environmental Protection Agency has given the green light to a new development in the western part of Limassol called "Walton Tower". Specifically, it is located on the western..

The CySEC is monitoring the BOC takeover bids

25.08.2022 The Cyprus Securities and Exchange Commission (CySEC) is closely following Lone Star's non-binding takeover bids for the Bank of Cyprus and is consulting with both the Bank of Cyprus..

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