Applications open for Cyprus Exports Award

Applications open for Cyprus Exports Award

BusinessCyprus Business News Applications open for Cyprus Exports Award By Kyriacos NicolaouApril 3, 20240 Comments138SHARE0 The Cyprus Chamber of Commerce and Industry (Keve) in collaboration with the Ministry of Energy, Commerce, and Industry this week announced the start of applications for the latest edition of the Cyprus Exports Award. “The Cyprus Exports Award was launched in 1982 to recognise and reward […]

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Cyprus retail trade grows in February

Cyprus retail trade grows in February

BusinessCyprusCyprus Business NewsCyprus by the Numbers Cyprus retail trade grows in February By Souzana PsaraApril 3, 20240 Comments73SHARE0 Cyprus’ retail trade cycle value index experienced a notable increase of 5.8 per cent in February, compared to the corresponding month in 2023, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). Similarly, during the […]

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Cyprus government to request cost-benefit study for Great Sea Interconnector

Cyprus government to request cost-benefit study for Great Sea Interconnector

Τhe Cyprus government will request from Greece’s Independent Power Transmission Operator to carry out a cost-benefit study as regards the Cyprus-Greece electricity interconnection (Great Sea Interconnector), Energy Minister George Papanastasiou said following a House Energy Committee meeting. Papanastasiou explained that the project, with a total value of €1.9 billion, was previously under a different implementation […]

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Road opens for Cyprus gas project

Road opens for Cyprus gas project

Cypriot Energy Minister George Papanastasiou announced on Wednesday that the obstacles in the development plan for the Aphrodite gas field have been overcome, marking progress in Cyprus’ energy ambitions. Papanastasiou revealed that ENI’s CEO is scheduled to visit Cyprus by the end of April to discuss the Cronos I and Cronos II fields, with hopes […]

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Bank of Cyprus: maintaining a leading role in the environmental, social and governance pillars

Bank of Cyprus: maintaining a leading role in the environmental, social and governance pillars

By Nicolas Christodoulides, Senior ESG Analyst BOC is focusing its efforts on fighting climate change, which is the biggest challenge that humanity faces Stainability is often defined as meeting the needs of the present without compromising the ability of future generations to meet theirs. One of the main threats to future generations is climate change, […]

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Cyprus average monthly earnings increase by 6.2 per cent

Cyprus average monthly earnings increase by 6.2 per cent

The Cyprus Statistical Service (Cystat) on Tuesday released a report showing an increase in the average gross monthly earnings of employees during the fourth quarter of 2023, when compared to the same period in 2022. According to the report, the average gross monthly earnings were estimated to stand at €2,693 during the fourth quarter of 2023, marking a noteworthy rise from €2,535 in the fourth quarter of […]

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CI revises οutlook on Cyprus’ Long-Term Foreign Currency rating to positive

CI revises οutlook on Cyprus’ Long-Term Foreign Currency rating to positive

Capital Intelligence Ratings has revised the outlook on the Republic of Cyprus’ Long-Term Foreign Currency Rating (LT FCR) to Positive from Stable. At the same time, it has affirmed the sovereign’s LT FCR and Short-Term FCR (ST FCR) at ‘BBB-’ and ‘A3’, respectively. The revision of the outlook reflects the faster than projected decline in general government […]

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yprus’ top export items: minerals, halloumi, pharmaceuticals

yprus’ top export items: minerals, halloumi, pharmaceuticals

Cyprus’ main exports for 2023 included minerals, oil, halloumi cheese, and pharmaceutical products, according to a report by the state’s statistical service (Cystat). The report revealed that Cyprus exported domestically produced products amounting to €508.39 million to EU countries during 2023, along with €1.84 billion worth of products to third countries. Moreover, the primary products exported by Cyprus to EU countries were […]

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