Cyprus Business News
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Iconic Landmark Nicosia Hotel joins Marriott International’s Autograph Collection Hotels
MHV has announced that The Landmark Nicosia Hotel will join Autograph Collection Hotels, following an agreement with Marriott International, Inc. The establishment will reopen its doors...
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FinMin: Expects added measures from banks after rate hikes
The Cyprus economy has proven its resilience in recent years, though there are still challenges that the banking sector must address, Finance Minister Makis Keravnos told the 4th...
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DP World Limassol celebrates World Tourism Day
As part of celebrations to mark World Tourism Day, DP World Limassol in collaboration with the Deputy Ministry of Tourism, held a special event for passengers last week to promote...
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Elias Neocleous & Co LLC achieves Tier One IFLR1000 ranking for Europe
Elias Neocleous & Co LLC has once again achieved a Tier 1 ranking in the field of financial and corporate law on the 2023 IFLR1000 Europe rankings. “This prestigious recognition...
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TechIsland Summit 2023: Cyprus on the fast track of becoming a tech island
TechIsland held its annual TechIsland Summit within the framework of the Reflect Festival on 20 September 2023. The TechIsland Summit is one of TechIsland's key annual activities, bringing...
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Profits down for Mall of Cyprus, losses at Mall of Engomi
Mall of Cyprus and Mall of Engomi had a negative first half of the year, with one seeing its profits drop year on year, and the latter counting even higher losses. All this despite both...
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Three Israeli businessmen who invested in Cyprus real estate
Cyprus’ business ties with Israel have been significantly boosted in recent years, with investments by the country’s nationals following a steady upward trend year by year. The investments...
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Cyprus supports compromise on car emissions
Cyprus supported the compromise proposal put forward by the Spanish Presidency of the EU Council on the proposed Euro 7 regulation, during a meeting of the EU Competitiveness Council in...
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Minister: Planned petrol storage terminal vital for energy automony
A petroleum products storage terminal that is in the works with a completion date of 2025 is considered a project of exceptional importance with regard to Cyprus' strategic energy...
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CBC lowers 2023 and 2024 growth projections
The Central Bank of Cyprus has revised its projections for growth in 2023 and 2024, estimating that GDP growth will amount to 2.4% and 2.7% respectively, compared with 2.6% and 2.8% in...
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Deputy Government Spokesperson submits her resignation
Deputy Government Spokesperson Doxa Komodromou has submitted her resignation to the President of the Republic, Nikos Christodoulides. According to a statement by the Presidency,...
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Nicosia International Festival 2023 gets underway
Nicosia International Festival 2023, dubbed as Nicosia's driving force in the race for European Capital of Culture 2030, raises its curtain on 26 September at the Municipal Theater of...
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Cyprus Children's Fund awards $34,500 in scholarships
The Cyprus Children's Fund, within the framework of the Scholarship Program, has selected 16 students for the 2023 Scholarship Awards of a total amount of $34,500, with the aim of...
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Listen to the sounds of the Oceans… at Ocean Tech Summit!
People are usually mesmerised by the sounds of the ocean as they feel connected with Mother Nature. The Ocean Tech Summit held in Baltimore, Ireland, on 14 September 2023, brought us...
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GDEV releases its ESG report after a challenging year
GDEV, which was recently formed by Nexters – one of the largest European gamedev companies based in Cyprus – and a number of other studios, has released its ESG report, noting how a very...
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TheSoul Publishing signs content deal with Banijay Kids & Family
Cyprus-based TheSoul Publishing has signed a content deal with Banijay Kids & Family that will see some of the latter’s most popular titles - ncluding Mister Maker, Let’s Play and...
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Foreign demand for halloumi is steadily growing
The demand for Cypriot cheese halloumi in foreign markets is steadily growing with exports in the first four months of 2023 amounting to €112 million, Minister of Agriculture, Rural...
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CTC Automotive Ltd delivers two Caterpillar 775Gs to Cyfield
CTC Automotive Ltd has delivered two giant Caterpillar 775G dump trucks to the construction company Cyfield, to use at its quarry in Parekklisia. These are the largest heavy-duty...
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Minister: Local organic production has made remarkable progress
Minister of Agriculture, Rural Development and the Environment Petros Xenophontos said that organic production in Cyprus has made enormous progress in the last twenty years. The...
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Wholesale trade value index drops for first time in eight quarters
The Wholesale Trade Turnover Value Index in the second quarter of this year declined by 3.8 year on year, registering its first annual drop after eight consecutive quarters of growth,...
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Tourism minister: aim is to extend season and improve product
Deputy Minister of Tourism Kostas Koumis said his ministry’s goal was to extend the tourism season, invest in human resources and enrich the island’s tourist experience with the aim of...
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Cyprus and India FMs discuss bilateral ties and international issues
Minister of Foreign Affairs Constantinos Kombos held a meeting on Saturday in New York with Indian Minister of Foreign Affairs Subrahmanyam Jaishankar, in the context of the High-Level...
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Invest Cyprus promotes island at Prague event
Invest Cyprus presented Cyprus’ advantages as an investment destination at the IDEEA Hospitality Investment Forum held on 18-20 September in Prague, which attracted entrepreneurs and...
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How to be a ‘Rising Star’ at ECOMMBX
Angelis Zittis, Marketing Manager and Vahid Bassett, Corporate Units Junior Director, ECOMMBX recently spoke to GOLD as part of the magazine’s September cover story, showcasing the...
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Ancoria Insurance announces new capital guaranteed fund for individuals
Ancoria Insurance announces the launch of a new capital guaranteed fund for individuals, that provides a total guaranteed net return of 6.2% for a period of 24 months. The new fund,...
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