Business

Telecommunications provider Cyta on Friday announced the departure of Andreas Neocleous from his role as chief executive officer, effective September 12, 2025. “During his tenure as CEO, Neocleous contributed decisively to Cyta’...

Rising construction costs and their knock-on effect on the housing shortage were at the centre of talks held in Brussels by Stephanos Pierides, secretary general of the Federation of Associations ...

The turnover value index for services and transport in Cyprus recorded mixed results in the second quarter of 2025 compared to the same period of 2024.  According to the state statistical service (...

Demetra Holdings Plc on Friday announced the buyback of 6,000 of its own shares, following a string of similar moves in recent weeks. The shares were purchased at a price of 1.68 ...

The European Central Bank (ECB) is under no pressure to cut interest rates further to achieve stable inflation, according to governing council member and Central Bank of Cyprus (CBC) governor ...

The IDEA Innovation Centre, which serves as a startup incubator and entrepreneurship hub, celebrated its tenth anniversary this week. According to an official announcement, the anniversary marks “a decade of ...

As the business world increasingly recognises the value of human capital, Sklavenitis Cyprus is taking bold steps to ensure its employees feel valued and supported. The leading supermarket chain pays ...

Alkis H. Hadjikyriacos (Frou-Frou Biscuits) Public Ltd posted a slight rise in first-half profit for 2025, with net earnings reaching €2 million compared with €1.95 million in the same period last year. Turnover ...

Eurobank Cyprus on Friday confirmed that its merger with Hellenic Bank is now fully underway, marking the creation of the new Eurobank Limited. In an official announcement, the new entity ...

Cyprus’ Chief Scientist Demetris Skourides has completed his first official visit to Saudi Arabia, according to a statement released this week. According to the announcement, the mission focused on strengthening ...

Louis plc held its 26th annual general meeting (AGM) on Thursday, discussing on a number of issues, including the company’s growth, future challenges, and reorganisation plans. In addition, shareholders ...

The Cyprus International Businesses’ Association (CIBA) on Thursday submitted its positions on the proposed tax reform bills as part of the government’s public consultation process. According to CIBA, its ...

Lordos United Public Ltd has announced that its board of directors will meet on September 23, 2025. The company said the meeting will include an examination of the report for the first ...

The US IPO market is headed for its best week since 2021 as ebullient equities and robust debuts from notable newcomers fuel renewed enthusiasm for new issues after tariff-driven volatility earlier ...

The Commission for the Protection of Competition (CPC) announced on Thursday it has launched a probe into practices distorting competition relating to the acquisition of ExxonMobil’s share capital by ...

The crypto stage is illuminating with varied trends. Bitcoin is trading at around $111,600, slightly above a major resistance area, with Solana trading around $208, recording small gains, but with head winds. ...

ADA and DOT remain infrastructure-heavy projects with ambitions to reshape blockchain ecosystems, yet both are weighed down by long development cycles and slow user growth. While these networks focus on ...

The beginning of September has awakened the crypto market to consistent interest. Bitcoin and Ethereum are still popular, yet the community of retail investors has focused a lot of their ...

Demetra Holdings Plc on Thursday announced the repurchase of a further 2,351 of its own shares. According to a filing on the Cyprus Stock Exchange (CSE), the shares were purchased at ...

The Cyprus International Businesses’ Association (CIBA) on Thursday submitted its positions on the proposed tax reform bills as part of the government’s public consultation process. According to CIBA, its ...

The European Central Bank’s (ECB) Governing Council decided today to keep the three key ECB interest rates unchanged. “Inflation is currently at around the 2 per cent medium-term target and ...

The United States wants to expand its energy ties with Greece, U.S. Interior Secretary Doug Burgum said during a visit to Athens on Thursday, as the Trump administration works ...

Cyprus saw a continued rise in business activity in 2023, with the number of enterprises climbing by 4.5 per cent to 125,152 compared with 119,816 in 2022, according to the Statistical Service (Cystat). This increase ...

Total government employment in Cyprus reached 52,661 persons in August 2025, marking an increase of 209 individuals or 0.4 per cent compared with August 2024, according to the Statistical Service (Cystat).  Employment in the civil ...