MPs preparing laws criminalising market collusion and unfair terms of contract

The two bills have been proposed by MPs Kyriakos Hadjiyiannis and Stavros Papadouris respectively

08:27 - 15 January 2025

CBC to increase countercyclical buffer rate to 1.5% from 14 January 2026

The quarterly assessment of the intensity of the cyclical systemic risk identified increased cyclical systemic risks

07:43 - 15 January 2025

Moneygate’s Nicolas Treppides: The EMIs sector is expected to show significant growth for another year

The company founder also suggests the government do more to further incentivise substantial foreign investment

07:14 - 15 January 2025

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Papanastasiou: ETYFA launching tender to select the Prometheus’ next destination

The ship will remain in Malaysia for another two to three months to undergo necessary modifications

13:37 - 14 January 2025

Cyprus flag promoted at Advisory Committee of Competitiveness meeting

The Shipping Deputy Ministry said current challenges facing global shipping were also discussed at the meeting

11:49 - 14 January 2025

Registrations of motor vehicles up 9.1% in 2024, electric cars at 4%

The main manufacturers of the vehicles registered in Cyprus during 2024 were Japan (40.6%) and Germany (13.9%)

07:47 - 13 January 2025

Bounced cheques down €1.15 billion in 2024, at €617,873

The number of bounced cheques registered on CBC’s provisional 2024 list amounted to 300, compared to 356 in 2023

07:37 - 13 January 2025

Cyprus' consent to Chevron's "Aphrodite" plan within a month, reports say

According to the same information, "the last legal positions and touches" are being added to the plan

08:05 - 10 January 2025

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Experts' report on Prometheas expected soon, ETYFA Chairman says

The report is on the current state of the ship and the necessary actions for it to be certified as …

07:58 - 10 January 2025

Passenger traffic records “best performance ever” in 2024, Ministry says

The Ministry notes that passenger traffic for January-December 2024 “presented the best performance ever”

07:54 - 10 January 2025

Trade deficit drops by €769m in first 11 months of 2024

Total imports of goods in January–November 2024 amounted to €10,900.7m compared to €12,225.6m in 2023

07:48 - 10 January 2025

Beer deliveries increase by 1.8% in 2024 with 8.9% increase in exports

Total beer deliveries in 2024 amounted to 42,900,114 litres, compared to 42,136,365 litres in 2023

07:45 - 10 January 2025

Budget implementation rate at 82% for revenue, 71% for expenditure in January-November 2024

Budget implementation in expenditure was at 77% in the same period of 2023; in revenue at 87%, the Treasury said

13:07 - 09 January 2025

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Economy

MPs preparing laws criminalising market collusion and unfair terms of contract

CBC to increase countercyclical buffer rate to 1.5% from 14 January 2026

Moneygate’s Nicolas Treppides: The EMIs sector is expected to show significant growth for another year

Papanastasiou: ETYFA launching tender to select the Prometheus’ next destination

Cyprus flag promoted at Advisory Committee of Competitiveness meeting

Government employment up 3.1% in 2024

Financial Ombudsman calls for fewer restrictions on out of court settlements

Cyprus a top investment destination, Tannousis tells investors in Cairo

Cyprus fuel prices among lowest in Europe

The brands that led the Cypriot car market in 2024

The deals that are redefining Cyprus’ business landscape

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