Business

By Ioannis Sidiropoulos Artificial intelligence is rapidly becoming a macroeconomic variable rather than merely a technological innovation. While early discussions centred on firm-level productivity and automation, the next five years ...

Freight transport on European Union inland waterways reached 118.0 billion tonne-kilometres in 2025, marking a three per cent decrease equivalent to minus 3.7 billion tonne-kilometres compared with 2024, according to Eurostat. Between 2015 and 2017, freight ...

Total road freight transport across the European Union reached 1,886 billion tonne-kilometres in 2025, marking an increase of 0.9 per cent compared with the previous year, according to a report from Eurostat. In ...

PayPal doubled down on its turnaround ​plan earlier this week, raising its 2026 profit forecast and outlining cost-saving steps, as it looks to convince investors that it ‌is worth more than ...

TUI and Jet2 will expand their presence in Larnaca for the next tourist season, with the two major British tour operators adding the district to their programmes. The Larnaca tourism ...

The Cypriot government “will have had a say” in the sale of the BG Group’s Cyprus unit from British multinational corporation Royal Dutch Shell to Hungarian oil and gas ...

By Konstantina Logotheti There are moments that stay with us forever. Moments when a single sound, a single word, or a single smile is enough to make time stand still. ...

Eurobank on Friday reported €738 million in net profit for the first half of 2026, with its Cyprus operations contributing €231 million as the group raised its full-year outlook following stronger-than-expected performance. Adjusted ...

The Central Bank of Cyprus (CBC) on Friday highlighted the results of the European Central Bank’s (ECB) thematic reverse stress test on geopolitical risks, which assessed how 110 euro area ...

Cyprus could lose up to half of its conventional electricity generation capacity by 2030 unless critical energy projects are completed, officials and industry representatives warned the House energy committee on Friday. ...

Annual consumer inflation in Cyprus stood at an estimated 4 per cent in July 2026, according to preliminary data released by Eurostat on Friday. This headline figure reflects a slight cooling from ...

The Cyprus Statistical Service (Cystat) on Friday reported that the Index of Industrial Output Prices recorded an annual increase of 2.3 per cent in June 2026. The index reached 125.8 units during the ...

Household financial assets reach €65.30bn, central bank reports The Central Bank of Cyprus (CBC) on Friday published its Quarterly Financial Accounts for the reporting period ending in March 2026, providing an ...

Energy company Shell said on Friday it had ‌agreed to sell its BG Cyprus unit to Hungarian oil and gas firm MOL Group for up to $720 million, as the British ...

Cyprus fiscal surplus reaches 1.1 per cent of GDP Cyprus recorded a general government fiscal surplus of €420.30 million in the first six months of 2026, equivalent to 1.1 per cent of GDP, according ...

The total number of automated teller machines (ATMs) across Cyprus fell slightly from 398 at the end of the second half of 2024 to 396 at the end of the second half of 2025, ...

Vassiliko Cement Works Public Company Ltd on Friday reported a first-half profit of €23.23 million, up from €19.51 million a year earlier, as stronger domestic cement sales and improved clinker export prices ...

The Central Bank of Cyprus (CBC) will overhaul the licensing process for electronic money institutions and payment institutions from August 3, 2026, introducing a new pre-application stage, higher fees and tougher scrutiny ...

ECB policy cycle reshaped Cyprus’ lending landscape, CBC says The Central Bank of Cyprus (CBC) on Friday published a new Economic Brief examining how the European Central Bank’s (ECB) ...

More than 750 Cypriot professionals from around the world have registered with the government’s Minds in Cyprus platform, while employers on the island have posted more than 400 specialised job vacancies, ...

You have invested in a premium lifestyle. Your home reflects your standards. Your vehicle represents your passion for innovation. Your choices are driven by quality, design and reliability. Your energy ...

Cyprus new-build property sales hit €1.15 billion in first half of 2026 Cyprus’ new-build residential property market recorded 3,594 sales worth €1.149 billion during the first half of 2026, according to an analysis by Landbank ...

Alpha Bank has kept applications open until September 20 for its FinQuest 2026 innovation competition, inviting startups, fintech companies and scale-ups from across Europe to submit solutions aimed at transforming the banking ...

Cyprus’ economic growth is expected to slow in 2026 despite a modest improvement in the wider European economy, according to updated projections published by the Economics Research Centre of the University ...