In July, Cyprus Airways carried over 59,000 passengers (+212%) and operated 429 flights (+207%) over the same period last year despite European airport staff shortages. Average seat load factors for the month
The market capitalisation of shares traded on the Cyprus Stock Exchange reached €1.90 bln in July, according to the CSE monthly bulletin. Total market capitalisation, including the Bond Market, reached €3.37 bln,
The biggest cybercrime problems faced by Cypriot small and medium-sized enterprises (SMEs) in the last 12 months were phishing, account takeover or impersonation attacks (16%), higher than the EU average (11%), according
Car dealers are forced to sit back and watch the market crumble, as the new vehicle market is being held back while the industry has trouble delivering to customers due to supply
Debt restructuring declined to €545 mln in the first six months, with loan renegotiations slowing following a record year due to the pandemic as non-performing loans declined to their lowest point since
Encouraged by their improved profits in 2021, one of the island’s largest retail chains, Jumbo, is gearing up to open a second mega store in Nicosia, the sixth in Cyprus. Reportedly, Greek-owned
A labour crisis in the banking sector seems to be averted as Hellenic Bank has taken a step back from its plans to reduce staff with redundancies without compensations. Hellenic CEO Oliver
Video game development firm Nexters, headquartered in Limassol, reached record-breaking quarterly revenues of $126 mln, growing 45% year-over-year and record high quarterly net profit of $23 mln. According to the company’s unaudited
The Central Bank of Cyprus has warned businesses and the public of a ‘ghost’ bank called Sabax operating in Limassol, noting the entity has not been licensed by the supervising authority. In
Retailers at Cyprus malls are delighted as visits and turnovers are almost 20% higher than those recorded in pre-coronavirus 2019, following more than two years of restrictions. In comments to news site
