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The Research and Innovation Foundation (RIF) has received a record 284 proposals for its PRE-SEED programme, highlighting growing interest in creating and developing startups with international ambitions in Cyprus.
Cyprus’ property market continued to grow in August, with sale contracts reaching 13,288 during the first eight months of 2026 and activity staying above last year’s levels in every month so far.
Cyprus’ economy expanded by 3.3 per cent in real terms year on year in the second quarter of 2026, according to a report from the Cyprus Statistical Service (Cystat).
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
Finance Minister Harris Georgiades said that Cyprus is not facing another real estatebubble, adding that the government is prepared to further help banks reduce their non-performing loan stock by improving the responsiveness of the judiciary.
President Nicos Anastasiades met the management of Cyprus’ largest credit institutions recently in an effort to persuade the banks to increase the pace of restructuring non-performing loans (NPLs).
Bank of Cyprus will make further progress in reducing the level of its non-performing loans before selling new debt, Chief Executive Officer John Hourican said recently.
The European Bank for Reconstruction and Development announced the launch of a Small Business Support (SBS) Programme in Cyprus, as part of its effort to support small businesses and help them improve their performance.
Cyprus is entering a new era of growth and prosperity due to the hard work of the people and the responsibility exhibited by the political parties, President of the Republic Nicos Anastasiades said recently.
Selling loans is not part of the cooperative credit institutions' (CCI's) strategic planning, said Nicholas Hadjiyiannis, the Cooperative Central Bank (CCB) Committee Chairman, recently.
The Natural Gas Public Company (DEFA), tasked with reaching agreement with a supplier for the so-called ‘interim solution’ to replace oil as the state power company’s (EAC) electricity-generation fuel with imported gas at lower cost, resumed work after its new board was appointed.
Cyprus and the EU are economies of micro enterprises, with over 90% of businesses employing fewer than 10 people, according to the latest data from Eurostat.
An Israeli delegation will be visiting the island shortly to discuss with their Cypriot counterparts the matter concerning the extension of the Aphrodite gas field into Israeli waters.
New tax measures will strengthen Cyprus’ international competitiveness as a location of choice for multinational companies focusing on the EMEA region, says EY Managing Partner Stavros Pantzaris.
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