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
Aegean reports strong 2024 results with record revenue and passenger growth Airline achieves €1.78 billion revenue, 16.3 million passengers, and €129.9 million net income despite industry challenges; ... Press Release 18/03/2025 | BUSINESS
EOA Nicosia: Yes to the 22-story project in Pallouriotissa Legal opinion sought to allow EOA to override negative views of government departments when deemed necessary Dorita Yiannakou 17/03/2025 | BUSINESS
AnimaWings launches direct flights between Larnaca and Bucharest AnimaWings expands connectivity with new direct route between Cyprus and Romania Press Release 17/03/2025 | BUSINESS
Greek companies eye Cypriot market for new business opportunities Continued interest in Cyprus highlights the growing potential for cross-border cooperation and strategic partnerships between ... Newsroom 16/03/2025 | BUSINESS
Israel backs Greece-Cyprus electrical interconnection project Athenian trilateral meeting focuses on energy, security, and strategic cooperation 14/03/2025 | BUSINESS
Lebanese investor threatens legal action over blocked €115M Nicosia development Authorities initially approved project, but antiquities department refuses to give green light Newsroom 14/03/2025 | BUSINESS
Consulco Welcomes Christoforos Kittenis as Director at London Credit Press Release 13/03/2025 | BUSINESS
Egyptian tomatoes sold as Cypriot in Nicosia wholesale market Agriculture department investigates misleading labeling after tip-off Newsroom 12/03/2025 | BUSINESS
Over €1.2 billion in Russian assets frozen in Cyprus amid ongoing sanctions Most funds are held abroad, but Cyprus tightens financial oversight and sanctions compliance Newsroom 12/03/2025 | BUSINESS
