Business

Cyprus’s appetite for low-cost online shopping has produced an unexpectedly large return for the state, with the new €3 customs duty generating almost €2 million in July alone.  During the first ...

Demetra Holdings Plc bought another 4,130 of its own shares this week, spending €6,091.75 as it continued the share buyback programme launched last month.  The shares were acquired at €1.475 each through the ...

The National Bank of Greece’s first-half performance has exceeded initial expectations, prompting Beta Securities to upgrade its forecasts for 2026 following the group’s stronger-than-anticipated results and a more favourable ...

Ayia Napa’s Nissi Beach secures second spot in European beach index Cyprus’ Nissi Beach has been ranked the second best beach in Europe for 2026, offering another boost to the ...

Cypriots embrace online ticket buying for concerts and events Cyprus recorded a higher-than-average rate of online event ticket purchases in 2025, according to figures released by Eurostat on Tuesday, as digital ...

The Bank of Cyprus (BoC) on Tuesday reported profit after tax of €252 million for the first six months of 2026, a 7 per cent increase year-on-year. It also announced a 20 per cent ...

Neapolis University Paphos will lead a three-year European research partnership with University College London (UCL), the University of Barcelona and Greece’s KMOP, after securing Horizon Europe funding in a ...

Limassol and Paphos drive over 70 per cent of Cyprus property market expansion Cyprus’ property market remained firmly on an upward path in July, with sale contracts passing 2,000 in a single ...

Government opens consultation on national diving tourism strategy The Deputy Ministry of Tourism recently launched a public consultation on Cyprus’ National Strategy for the Development of Diving Tourism, inviting stakeholders ...

UBS has raised its price target for Eurobank to €5.10 from €4.90, maintaining its ‘buy’ recommendation after the lender delivered stronger-than-expected second-quarter results and upgraded its outlook, with Cyprus continuing to play ...

The European Central Bank (ECB) has reported that negotiated wage pressures across the euro area remain stable through 2026 and into early 2027, while separate data from Cyprus showed workers’ earnings continued ...

Borrowing costs for businesses across the euro area increased in June while mortgage rates remained broadly stable, according to new figures released by the European Central Bank (ECB), with the ...

Europe’s three financial supervisory authorities have called for stronger governance, enhanced operational resilience and a more consistent supervisory approach to protect the European Union’s financial sector from the ...

Cypriot shipping executive Thomas Kazakos has taken the International Chamber of Shipping’s (ICS) campaign for a toll-free Strait of Hormuz to Bahrain’s Foreign Minister, as the industry steps ...

Turkey’s inflation slowed slightly more than expected in July, but the war in Iran and the resulting turmoil in energy markets are likely to push the central bank towards ...

The European Central Bank (ECB) has reported that euro area money supply growth accelerated in June, while lending to households and businesses remained broadly unchanged, pointing to continued expansion in ...

With Ripple completing its planned release of up to $1 billion in XRP escrow funds per month in early August, XRP has once again become the focus of the digital asset ...

Following the Federal Reserve’s latest interest rate decision, global financial market liquidity has seen significant changes, with cryptocurrency trading activity surging. Mainstream digital assets such as Bitcoin and Ethereum ...

The Central Bank of Cyprus (CBC) on Monday reported that deposit interest rates increased while consumer borrowing costs eased in June 2026, with the value of pure new lending also recording ...

Demetra Holdings Plc executed a minor share buyback transaction on the Cyprus Stock Exchange (CSE) on July 31, 2026 as part of its ongoing corporate management strategy, the company announced on Monday. ...

Temu has denied receiving foreign subsidies that gave it an unfair advantage in Europe, pushing back after the European Commission accused the online retailer of failing to cooperate fully during ...

More products became cheaper than more expensive on the e-kalathi price tracking platform during the second half of July, although wide price differences between supermarkets continued to raise questions over ...

Cyprus’ retail sector continued its strong performance in June 2026, with both the value and volume of sales rising compared with a year earlier, according to figures released on Monday by ...

Cypriot shipping executive Thomas Kazakos has taken the International Chamber of Shipping’s (ICS) campaign for a toll-free Strait of Hormuz to Bahrain’s Foreign Minister, as the industry steps ...