ECONOMY Corporate debt remains high with lower investment activity across non-financial sectors. Photo credit: Unsplash Cyprus reports €29.3 billion negative net financial position, household income climbs in 2024 Newsroom Cyprus closed 2024 with a negative net financial position of €29.27 billion, according to new data detailing macroeconomic indicators by institutional sector. READ MORE
Cyprus meets Cambodia: A bridge to bold business ventures Two small nations, one big opportunity - why Cyprus should look East to unlock growth Newsroom 12/05/2025 | BUSINESS
Apartments take the lead in Cyprus property market boom Sales surged in 2024 as buyers favoured smaller, more affordable homes, while house sales fell and rents stayed high Newsroom 12/05/2025 | BUSINESS
New 15% tax hits Hellenic and other banks A new EU rule means big banks in Cyprus now pay more tax, and Hellenic Bank is the first to feel the sting. Newsroom 10/05/2025 | BUSINESS
End of an Era: ERA department stores changing hands for just €1, but there’s more to the story Ermes offloads loss-making department stores to Gencom in bid to streamline operations Newsroom 09/05/2025 | BUSINESS
Make a splash! Fasouri Watermania Waterpark reopens May 9 for a summer of fun Limassol’s favorite family hotspot returns with thrilling rides, lazy rivers, and unforgettable adventures for all ages. Press Release 08/05/2025 | BUSINESS
First Pandora and New Balance stores open in Cyprus Foot traffic and sales up at Nicosia Mall with a second mega-mall on the way in Limassol. Newsroom 08/05/2025 | BUSINESS
Cyprus struggles to fill jobs amid booming sectors, red tape Labor gaps strain tourism and healthcare as demand surges and licensing hurdles persist Newsroom 07/05/2025 | BUSINESS
Moody’s upgrades Bank of Cyprus to A3 Bank now holds highest deposit rating among Greek and Cypriot lenders Newsroom 06/05/2025 | BUSINESS
