Larnaca-based Cyprus Airways said its passenger traffic results for September spiked 30% to 48,560 from 37,4267 in the same month last year, keeping it on track for record figures. In September, the
Total assets invested in Cyprus have surged to a record-breaking €2.9 billion, marking a significant milestone and amplifying the sector’s role in fortifying the country’s economic expansion and diversification. The Cyprus Investment
Forex and Fintech companies established in Limassol over the past few decades have no plans of leaving, as they remain highly enthusiastic about the opportunities presented by the vibrant city. Limassol has
EU courts have backed a Swedish rival in the Halloumi trade war after they dismissed Cyprus’ application to annul the registration of an imitator GRILLOUMI to the crown. Cyprus has lost another
The Central Bank of Cyprus raised the level of capital buffers that the Bank of Cyprus and Hellenic Bank need to maintain due to their systemic importance to the sector. CBC concluded
Total motor vehicle registrations rose 35% in September to 4,607 from 3,412 last year, while passenger saloon car sales increased 35.9% to 3,722 from 2,738, Statistical Service data shows. During the nine
Authorities are toughening up on unlicensed crypto asset service providers, slapping them with hefty fines to protect investors and clamp down on money laundering activity. The move follows instructions and directives from
Moody’s Investors Service has upgraded Bank of Cyprus and Hellenic Bank’s long-term deposit ratings to Baa3 from Ba1, citing the resilience of the economy and credit conditions favouring Cypriot banks. Last Friday,
According to research, the value of the Cypriot ICT market reached €781 million in 2022, showing an annual growth of 4.7%, while the IT market (excluding telecommunications) was valued at €302 million,
Cyprus Airways has announced a record-high monthly performance after its August passenger numbers increased 71% to 79,804 from 46,800 last year. In August, the Cypriot flag carrier operated 572 scheduled flights (August
