Business

Limassol’s worsening traffic problem is no longer just a source of daily frustration, but a threat to the city’s growth, business confidence and ability to retain major companies, ...

Digital transactions in Cyprus are continuing to grow at a rapid pace, as consumers and businesses increasingly move towards card payments, mobile banking, electronic wallets and fintech applications. The shift ...

Amazon executive Panos Panay will headline a fireside chat on how innovation can be turned into real-world economic and social value during the international conference ‘Shaping the Next Digital Frontier’, ...

Cyprus joins EU-wide move to tax low-value imports Consumers in Cyprus purchasing goods from outside the European Union will face a temporary flat-fee duty of €3 per item starting July 1, 2026, according ...

IMF managing director Kristalina Georgieva has warned that European Union nations face a significant fiscal challenge as public debt levels threaten to climb sharply over the coming decades. Public debt ...

Brussels hosted the European Innovation Council Summit 2026 this month, where Laurence Petit, Director of Innovation at France’s CEA, shared insights on how Europe can transform scientific excellence into successful ...

Safety officials and education authorities recently launched a new fire safety educational programme for primary and secondary schools at the Astromeritis Primary School, according to an announcement released on Monday. ...

Global investment in data centre infrastructure is projected to reach $1.6 trillion by 2030, with major technology firms set to deploy more than $600 billion in artificial intelligence capital expenditure during 2026 alone, according ...

European shipyards are under pressure to cut costs and clean up. A new EU-funded initiative aims to help them do both, with digital tools and better tracking of energy use ...

European Supervisory Authorities recently published their first annual overview of major ICT-related incidents in the European Union financial sector, revealing a rising pattern of cross-border disruptions and warning that increasingly ...

The European Banking Authority (EBA) has published its draft methodology, templates and guidance for the 2027 EU-wide stress test, introducing major changes aimed at simplifying data requirements and improving risk sensitivity ...

Industry analysts at market intelligence firm Omdia presented new data at NEM Dubrovnik 2026, forecasting that streaming platform Netflix will reach nearly 400 million subscribers globally by the end of 2031. This milestone ...

By Kyriaki Stinga and Dorina Mastora Most professionals would point to effective controls, robust governance, adequate resources, regulatory expertise or technological sophistication. All of these are important. They also share ...

The global economy is facing a serious, but not unprecedented, energy crisis. The transportation of oil and natural gas has been negatively affected, mainly due to the closure of the ...

Semiconductor revenue surged by 27 per cent during the first quarter of 2026, reaching a total of $319bn, according to the latest research from Omdia. This record-breaking growth marks the highest quarterly ...

Half of all businesses currently find themselves trapped by unnecessary software subscriptions, a concerning trend that is stifling digital innovation across Europe as companies struggle with ballooning IT costs. These ...

From predicting climate change to developing new medicines, supercomputers underpin modern science. Europe and Japan are now working together to make them even more powerful and reliable. By Tom Cassauwers ...

Here are the top business stories in Cyprus from the week starting June 8: Bernhard Schulte Shipmanagement (BSM) has appointed Elena Pantazidou as Chief People Officer, effective June 1, 2026, reporting to the ...

Streaming revenue reaches $176 billion in milestone year Online video services strengthened their dominance in 2025, with research firm Omdia reporting that global streaming subscriptions climbed sharply while pay-TV subscriptions continued to ...

Greek households experienced a quiet but significant erosion of wealth between 2021 and 2025 as inflation significantly outpaced the returns on traditional bank savings, according to a new report from Freedom24. While ...

The restoration of losses suffered by bank employees during the 2013 financial crisis was a central issue at the 58th annual general congress of bank workers union (Etyk), held in Nicosia ...

Cyprus businesses are among the highest in the European Union for social media adoption, with nearly 80 per cent of enterprises integrating these platforms into their daily operations. According to figures ...

Cyprus is punching above its weight in the European labour market as the latest Eurostat figures reveal a significant surge in the number of people finding work during the opening ...

The European Union saw 3 million unemployed people secure jobs during the first quarter of 2026, marking a significant period of transition within the continental labour market. This figure represents 22.9 per cent ...