21 stories found
The Cypriot economy is expanding at three times the EU average, but the country now awaits critical credit rating decisions from DBRS Morningstar, Standard & Poor’s, and Capital Intelligence Ratings in September.
Despite years of experience and involvement in the Cypriot economy, a long-term resident expresses frustration over the country's enduring bureaucracy and disregard for regulations like GDPR.
A new report, the Cyprus Competitiveness Report for 2025, identifies low productivity as the primary structural weakness of the Cypriot economy. The findings were presented by Professor Sofronis Clerides of the University of Cyprus.
Alpha Bank Cyprus held a business event in Ayia Napa to emphasize the strategic role of the free Famagusta region in the Cypriot economy and the bank's ongoing support.
The Centre for Economic Research at the University of Cyprus predicts a slowdown in the Cypriot economy and a sharp rise in inflation by 2026, attributing this to Middle East conflicts and geopolitical uncertainty.
The Russian ambassador to Cyprus stated that EU sanctions have led to an annual revenue loss of over €1 billion for the Cypriot economy due to the lack of Russian tourists, prompting calls from Cypriot businesses for their return.
The Cyprus Chamber of Commerce and Industry (Keve) warned that the escalating war crisis in the wider region is already negatively affecting the Cypriot economy, with the tourism sector being among the first to feel the impact.
Cyprus is attracting an increasing number of digital nomads due to its mild climate, quality of life, and digital infrastructure, prompting a discussion on their economic opportunities and challenges for the Cypriot economy.
The Carob Awards, Cyprus' Advertising and Communications festival, are recognized for their significance in promoting creativity and effective communication within the growing Cypriot economy.
The Cypriot economy shows macroeconomic stability but faces the challenge of transitioning from attracting wealth to producing knowledge, technology, and domestic value-added by 2026.
Yannis Stournaras, Governor of the Bank of Greece, stated that Greek banking groups operating in Cyprus are capable of actively supporting the Cypriot economy, as both Greek and Cypriot banks enter a period of increased cooperation.
The Cypriot economy experienced a marginal year-on-year decrease in March 2026, indicating a potential slowdown influenced by the ongoing Middle East crisis.
DBRS Morningstar has confirmed the Republic of Cyprus at “A” with a stable outlook, citing the strong performance of the Cypriot economy over the past year despite rising uncertainty linked to the…
Economists and state officials in Cyprus are warning that the duration of the war between US-led forces and Iran will be the decisive factor in the island’s economic stability, as energy prices…
Cyprus's gaming industry has grown significantly, now valued at €3.2 billion, positioning the country among Europe's leading gaming hubs. This expansion highlights the sector's increasing importance to the Cypriot economy.
Invest Cyprus recognized international companies at its 14th International Investment Awards for their significant contributions to the Cypriot economy and its global standing.
A delegation from the Association of Cyprus Banks (ACB) visited Brussels to present the positive performance of the Cypriot economy and banking sector to various professionals, authorities, and organizations.
The Cypriot economy demonstrates strong resilience despite geopolitical uncertainty, though high energy costs, delayed reforms, and labor shortages continue to limit its growth prospects.
DBRS, a credit rating agency, has increased its Gross Domestic Product (GDP) forecast for Cyprus, signaling a positive outlook for the Cypriot economy.
Lidl Cyprus has published its 2024 Sustainability Report, highlighting its ongoing commitment to responsible business practices that contribute value to the Cypriot economy, society, and environment.
Eurobank Cyprus on Tuesday unveiled a new campaign aimed at supporting small and medium-sized enterprises with comprehensive banking and insurance solutions under the central message “all that your business needs every day”. Through this initiative, the bank reaffirmed its commitment to backing SMEs, which it described as the backbone of the Cypriot economy and a […]