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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 ...
Moody’s Investors Service recently upgraded Cyprus’ government bond rating by two notches to B1 from B3 and the outlook is stable.
Cyprus has completed another bailout adjustment programme progress review successfully, possibly the last one, Finance Minister Harris Georgiades said recently, but warned that reforms must continue in a bid to strengthen the island’s growth.
The Cyprus Tourism Organisation (CTO) has noted an increase in the number of Swiss flights to Cyprus bodes well for tourism arrivals from that country.
The Cooperative Central Bank (CCB) is raising its non-performing loans coverage ratio to 50%, accumulating a total of €3.42 billion in provisions against its NPL stock that amounts to €6.84 billion.
Card transactions recorded a significant increase in October 2015, according to new data released recently.
The government’s fiscal surplus in July to September 2015 fell to €132m, 39% below the respective figure of 2014, mainly on reduced revenue, the statistical service said recently.
Cyprus’ economy grew an annual 2.3% and a seasonally adjusted 2.2% in the third quarter 2015, the statistical service said recently.
A business and investment service centre will begin operations in June 2016.
State-owned power producer Electricity Authority of Cyprus (EAC) said the re-measurement of its pension-plan obligations generated a €244.3m gap, which more than offset a €42m profit it generated in 2014.
Parliament recently gave the nod to a bill governing the sale of loans by banks to third parties – passage of which was a precondition for the release of the last aid tranche to Cyprus.
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