Total deposits in Cyprus amounted to €54.8 billion in November 2024, according to the newly released Central Bank of Cyprus’ monetary and financial statistics report.

Cyprus has the potential to become a significant supplier of liquefied natural gas (LNG) to the European Union, provided pre-drilling surveys are confirmed, Energy Minister George Papanastasiou has said.

Tourism revenue in Cyprus reached €407.9 million in October 2024, marking a 17.7 per cent increase compared to the €346.5 million recorded in October 2023, according to the Cyprus Statistical Service.

Cyprus and Japan have enjoyed more than 60 years of diplomatic relations built on shared principles of democracy, the rule of law, and respect for a free, rules-based international order. Since the establishment of their embassies in Nicosia and Tokyo in 2018 and 2019, respectively, bilateral ties have grown significantly, fostering cooperation in various domains such as trade, technology, education, and culture.

Invest Cyprus announced the signing of a memorandum of understanding (MoU) with the Cyprus Space Exploration Organisation (CSEO).

IMPORTANT CHANGES RELATED TO THE BENEFICIAL OWNERS’ REGISTER

Limassol offers a plethora of advantages for forex professionals, making it an attractive place to build a successful career:

Sun-kissed beaches, ancient history, and…a booming gaming industry? That’s right, Cyprus has emerged as a global hub for game development, attracting studios big and small with its enticing blend of talent, tax benefits, and Mediterranean charm. And guess what? This means opportunities galore for skilled professionals like you!

The Central Bank of Cyprus (CBC) announced key deadlines for the implementation of the EU Instant Payments Regulation.

The Bank of Cyprus announced that it has been awarded the title of Bank of the Year in Cyprus for 2024 by The Banker, a leading international banking and finance publication.