Cyprus-headquartered Capital.com, a global trading platform and fintech group, this week announced that total client trading volumes exceeded $1.2 trillion in 2023.

Limassol port has seen a substantial rise in wheeled cargo traffic since DP World Limassol (DPWL) took over its operation, processing around 60,000 multipurpose Ro-Ro units (Roll-on, Roll-off) in 2023 alone, according to an announcement by the port management company released on Thursday.

The 2nd Cyprus Tech & Innovation Hub Summit has been convened at Parklane Luxury Resort & Spa in Limassol last Friday. Hosted by IMH, this Summit has gathered tech giants, startups, consultants, legal and financial experts, and professionals from global tech sectors like software development, fintech, cybersecurity, AI, and more, to explore the factors supporting Cyprus’ rapid development as a regional tech hub and demonstrate its attractiveness as a top destination for ICT companies at different stages of expansion.

In Cyprus, the IT sector is witnessing rapid growth, driven by technological advancements and the increasing demand for digital solutions across industries. To stay ahead, businesses are adapting their hiring strategies to align with the latest trends. Here’s a closer look at the current trends in IT hiring, brought to you by GRS Recruitment, Cyprus’s leading recruitment agency.

Despite what he says, crunching data doesn’t make our next guest any less of a real estate guru. His grasp of the sector, his hands-on experience in setting up large-scale real estate platforms and in repositioning real estate assets, equip him to consult on any related topic with the expertise of someone who has indeed been at it for decades!

The Cyprus government recorded a fiscal surplus of €918.7 million in 2023, constituting 3.1 per cent of the Gross Domestic Product (GDP), with government debt reaching €23.03 billion, accounting for 77.3 per cent of GDP, according to a report by the state’s statistical service.

During the fourth quarter of 2023, the number of Management Companies and Undertakings of Collective Investments (UCIs) was 328, with the assets under management recording a slight decrease at €8.56 bn.

On 16 April the Ministry of Finance made an announcement regarding the imposition of a new reporting obligation, pursuant to the recent 12th EU sanctions package against Russia.

The Companies Act (Cap. 113) in the Republic of Cyprus has recently been further amended to terminate the obligation of companies’ annual levy contribution for the year 2024 onwards. In addition, based on the aforesaid amendment, the annual levy contribution obligation for the years 2011 to 2023 (inclusive) is not affected and continues to burden entities subjected to such contribution.

The Cyprus Chamber of Commerce & Industry (Keve), in conjunction with the Ministry of Energy, Commerce, and Industry and the Cyprus Youth Organisation (Onek), this week announced the second call for proposals for the New Entrepreneurship Support Scheme.