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The 14th Invest Cyprus International Investment Awards are due to take place on Thursday, July 9, at the Hilton Nicosia to recognise foreign companies that have made significant contributions to the national economy and society.
Cyprus’ industrial sector generated higher value added and recorded a modest increase in employment during 2024, according to figures released by the Cyprus Statistical Service (Cystat), with manufacturing remaining the main driver of growth.
Cyprus recorded a sharp increase in building activity during the first quarter of 2026, with the state statistical service (Cystat) reporting that the number of building permits issued rose by a whopping 44.1 per cent compared with the same period last year.
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
The skyline of Ayia Napa is set to change forever, with two huge skyscrapers earmarked for construction – providing luxury apartments, a hotel and suites.
The harmonised consumer price index in Cyprus fell an annual 2% in June 2016 after falling 1.9% the month before, the statistical service said.
Home prices fell on average 1.2% in the first quarter of 2016 compared to the respective period of 2015, the statistical service said recently.
Cyprus is one of the EU countries most exposed to Brexit, mainly because of its reliance of UK tourism, the share of its portfolio investment in the UK, and its excessive government debt, Moody’s Investors Service said.
Energy Minister Giorgos Lakkotrypis said recently he was satisfied with the interest shown by oil companies in the third round of licensing for hydrocarbon explorations in Cyprus' exclusive economic zone.
As part of the strategic expansion of its global footprint, Toll Global Forwarding (TGF), has established a presence in Cyprus with a franchise office fully operational as of 1 July 2016.
The government has ordered a study to be carried out to look into ways of importing Liquefied Natural Gas (LNG) for power generation but also broadly for industrial purposes.
The Cooperative Central Bank (CCB) has reached its target of reducing loans delayed beyond 90 days below the €6 billion barrier six months ahead of schedule.
Months after Cyprus has exited the MoU, the country is on a positive path towards continuing economic recovery, though risks related to a high NPL ratio and Brexit instability remain.
The Cyprus subsidiary of Greece’s Piraeus Bank was recently sold to Lebanese M Holding Sehnaoui SAL with the new investors to inject fresh capital of €40m.
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