Nuclear energy continues to play a critical role in the European Union’s energy mix, covering approximately 22.8 per cent of total electricity generation, according to former chairman of the Cyprus Energy Regulatory Authority (CERA) Andreas Poullikkas.

In a detailed analysis, Poullikkas stressed that despite divergent national policies, the EU recognises nuclear energy as essential for ensuring energy security and achieving decarbonisation goals.

“The European Union considers nuclear energy a fundamental element of its energy transition strategy, particularly in the journey toward climate neutrality and energy independence,” he said.

Hellenic Bank on Monday announced that its board of directors will convene on Wednesday, May 7, 2025 to examine, among other things, the financial results of the group for the first quarter of 2025.

Following the board meeting, the first quarter financial results will be made public.

“The financial results for the first quarter of 2025 will be announced to the Cyprus Stock Exchange and the Cyprus Securities and Exchange Commission on Thursday, May 8, 2025, before the opening of the market,” the announcement said.

The Cyprus Employers and Industrialists Federation (Oev) has outlined what it considers to be the key challenges and priorities for the Cypriot economy, ahead of its annual general meeting on May 7.

These include the rationalisation of energy costs, containing labour costs, and the sourcing of the necessary number of human resources to meet business needs.

According to the announcement, Oev, “closely monitoring developments, has undertaken intensive action to support businesses and enhance their viability”.

Artificial Intelligence is no longer a distant concept but a powerful reality shaping every sector of the global economy, including shipping, according to Christina Orphanidou, director of AI and data at Deloitte Cyprus.

Speaking at a recently-held shipping conference, Orphanidou explained that the transition of artificial intelligence (AI) from a futuristic idea to a critical operational tool “can bring dramatic changes and significant benefits, creating new opportunities for the industry”.

She mentioned, citing Gartner figures, that by 2024, AI had already created $4.7 trillion in value for the global economy.

The Cyprus Securities and Exchange Commission (CySEC) has announced the launch of a public tender for the provision of ‘Crypto-Asset Market Intelligence and Blockchain Analysis Service Solutions‘.

The tender seeks a specialised provider capable of delivering instant and ongoing access for three users to a blockchain data platform through a Software-as-a-Service (SaaS) solution.

It also requires immediate customised training, continuous live support, and access to educational materials.

TechIsland, Cyprus’ largest tech association, will host the fifth edition of its flagship event, the TechIsland Summit 2025, according to an announcement released on Monday.

The annual full-day conference will take place on May 15, during the Reflect Festival, bringing together industry leaders, policymakers and innovators for a closer look at the future of technology and entrepreneurship in Cyprus.

According to the announcement, this year’s Summit will focus on the theme ‘Unlocking Opportunities’, reflecting how the tech sector is emerging as the fastest-growing industry, reshaping Cyprus’ economic landscape.

Total sales of petroleum products in Cyprus reached 107,291 tonnes in March 2025, marking a slight annual decrease of 0.8 per cent compared to March 2024, according to official data published on Monday.

The data, which was included in a report by the Cyprus Statistical Service (Cystat), showed that sales declined in several key categories.

Kerosene sales plummeted by 31.4 per cent, while asphalt sales dropped by 28.9 per cent.

Bank of Cyprus Holdings Public Limited Company announced on Monday that it will release its financial results for the quarter ended March 31, 2025 on Monday, May 12.

The announcement will be made before the opening of trading on the Athens Exchange and the Cyprus Stock Exchange.

The disclosure will offer investors and stakeholders insight into the group’s financial performance during the first quarter of the year.

Cyprus_iT, a prominent digital ecosystem, marked its 8th anniversary this month, according to an announcement by its founder Oleg Reshetnikov.

Created in Cyprus, the platform has played a crucial role in transforming the island into a thriving hub for IT professionals, expats, and digital entrepreneurs.

The ecosystem, which remains entirely informal and volunteer-based, has fostered significant growth in both the business and social landscapes of Cyprus.