43 h. ago Cyprus Business Now: BoC rates, hoteliers association, employment, Vassiliko

The Bank of Cyprus on Friday announced a fresh reduction in its reference interest rate for loans linked to the European Central Bank’s (ECB) base rate, in direct response to the ECB’s latest monetary easing. The bank will lower its rate from 2.40 per cent to 2.15 per cent, with the change taking effect from […]

Politics

5 d. ago Cyprus |Business Now: BoC, CIFA, Cyta, retail, startups’ new programmes

Cyta secured four gold and one bronze award at the Cyprus Technology Awards 2024, earning recognition for projects that enhance digital accessibility, sustainability, and user experience across the country. The gold awards acknowledged key initiatives including the full population coverage of Cyta’s 5G network, the modernisation of its mobile network infrastructure, the launch of the […]

Politics

2 w. ago Cyprus Business Now: Hellenic Bank, BoC buyback, Ermes, Cyta acquisition, hotels

The Cyprus Stock Exchange (CSE) on Friday ratified the suspension of trading in the shares of Hellenic Bank Public Company Ltd, following a recent meeting of the CSE Council. The ratification was made under Article 184 of the Cyprus Stock Exchange Law and formalises the suspension decision first announced on May 9, 2025. The suspension […]

Economics

2 w. ago Cyprus Business Now: wages, maritime, CSE, BoC, compliance, real estate

Average monthly earnings in Cyprus rose by 5 per cent in the fourth quarter of 2024 compared to the same period in 2023, according to preliminary data released by the Cyprus Statistical Service (Cystat). When compared to the previous quarter, and after adjusting for seasonal fluctuations, average monthly earnings increased by 1.2 per cent in the fourth […]

Politics

2 w. ago Cyprus Business Now: economic forecast, women in maritime, Evel, BoC

President Nikos Christodoulides on Tuesday welcomed the European Commission’s latest economic forecast, describing it as a “clear endorsement of Cyprus’ resilience, stability and prudent policymaking”. Speaking during the opening of a cabinet session at the Presidential Palace, Christodoulides said the Spring 2025 Economic Forecast, released by the European Commission on Monday, “is particularly important, even more […]

Economics

3 w. ago Cyprus Business Now: India business ties, BoC general meeting, TechIsland Summit

A new chapter in trilateral economic relations between India, Greece, and Cyprus was officially opened on Friday with the launch of the India-Greece-Cyprus Business and Investment Council (IGC) in Limassol. The event, held under the auspices of Eurobank and attended by senior government officials, diplomats, and business leaders from all three countries, was hailed as […]

Politics

3 w. ago Cyprus Business Now: BoC, Keve, Shipping, Gender pay gap, Property, Scrutiny of influencers

The Bank of Cyprus on Monday posted a profit after tax of €117 million for the first quarter of 2025, marking an increase of 9 per cent compared to the previous quarter. In addition, according to the bank’s financial results, basic earnings per share for the quarter stood at €0.27. Return on Tangible Equity (ROTE) stood at at 18.3 per […]

Economics