Kyriacos Nicolaou

Domestic production accounted for €33.71 trillion (91.5 per cent of the total supply of goods and services in the EU) in 2023, while imports contributed €3.14 trillion (8.5 per cent), according to Eurostat. This marked ...

Demetra Holdings Plc has repurchased 7,700 of its own shares at a price of 1.635 cents, the company announced on Wednesday. The buyback was carried out through the Cyprus Investment and Securities ...

Cypriot real estate analytics firm Ask Wire is accelerating its growth with the help of two grants from the Research and Innovation Foundation of Cyprus (RIF), the company said on ...

Average monthly earnings in Cyprus continued to rise during the second quarter of 2025, with gross salaries increasing by 4.2 per cent compared to the same period last year, according to provisional ...

The European Central Bank (ECB) announced this week that the net saving of the euro area economy increased in the four quarters leading up to the second quarter of 2025, while ...

Approximately four in ten (17.4 per cent) of all households in the EU experienced difficulty or great difficulty to make ends meet in 2024, according to a report from Eurostat. At the ...

Bank of America (BofA) Securities confirmed its positive stance on the Greek banking sector this week, stating the banks are undergoing a transitional period as markets focus on the trough ...

Foreign-controlled companies were responsible for the majority of Cyprus’ service exports to countries outside the European Union in 2023, according to new Eurostat data on services trade by enterprise characteristics (STEC). ...

Euro area banks reported a small net tightening of credit standards for loans or credit lines to enterprises in the third quarter of 2025, with a net percentage of 4 per cent, ...

Median inflation expectations for the next 12 months decreased slightly in September compared with August 2025, according to the European Central Bank (ECB). Compared with the previous month, median consumer perceptions of ...

The Zubr Capital Young Hackathon brought together university students from across Cyprus for a one-day startup competition that focused on creating practical business solutions. The event, organised by investment firm ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has called for an urgent and substantial reform of the bank’s governance model, arguing that the current structure is obsolete and ...

Larnaca is experiencing a remarkable boom in tourism-related development, with dozens of new projects under way or awaiting approval, reflecting its growing appeal among both domestic and foreign investors. According ...

Eurobank’s board of directors has called shareholders to an extraordinary general meeting on December 3, 2025, to approve the merger of Eurobank S.A. with Eurobank Holdings S.A. through absorption ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced the establishment of the nation’s first-ever Business Association of Sports (BAS Cyprus). According to the chamber, “BAS Cyprus ...

Piraeus Bank has been upgraded to the investment-grade rating of ‘BBB-‘ by Fitch Ratings, marking a significant development as the bank is now assessed at investment grade by three of ...

The Cyprus Securities and Exchange Commission (CySEC) announced this week that the external manager of HUBDOX FUND RAIF V.C.I.C. LTD has initiated a procedure for the fund’...

The Central Bank of Cyprus (CBC) announced on Monday that it is renewing the deadline for individuals and legal entities to submit requests for reduced legal expenses related to bank ...

The total sales of petroleum products in Cyprus increased by 11.2 per cent in September, when compared with the same month in 2024, the state statistical service (Cystat) announced on Monday. Total ...

Jefferies has reaffirmed its positive outlook on Greece’s two largest banks, the National Bank of Greece (NBG) and Eurobank, ahead of their upcoming third-quarter 2025 financial results. The investment firm ...

Alpha Bank saw strong investor demand for its first-ever green senior preferred bond, marking its return to the international capital markets following the restoration of its investment grade rating. The ...

The Limassol District Local Government Organisation (EOA Limassol) has released an announcement stating that recent data from the Cyprus Statistical Service (Cystat) “confirms the acceleration of development in the district”. “...

Demetra Holdings Plc on Monday announced that it repurchased a total of 7,800 of its own shares at a price of 1.64 cents per share. According to a filing on the Cyprus ...

The capital divide The economic history of Cyprus is a tale of resilience, often defined by its agile recovery from external shocks and its strategic location. Yet, the demands of ...