Business

Twenty-four consumer organisations from 21 countries, including the Cyprus Consumers Association, filed an official complaint with the European Commission against the online retail platform Shein on May 30, 2025. The organisations involved also ...

Inflation in Cyprus recorded a decrease of 0.2 per cent in May 2025, according to data released by the state statistical service on Thursday. Although the Consumer Price Index (CPI) rose slightly, ...

Cyprus’ housing market recorded a strong start to 2025, with residential property sales rising sharply in both volume and value during the first quarter, according to a report released on Thursday ...

Paphos solidified its position on the global tourism map in 2024, Deputy Minister of Tourism Kostas Koumis said during this week’s general meeting of the Paphos regional tourism board (Etap). ...

Both deposit and lending interest rates in Cyprus recorded a decline in April 2025, according to data released this week by the Central Bank of Cyprus (CBC). At the same time, ...

Cyprus is no longer considered a country with macroeconomic imbalances, according to the European Commission’s 2025 Spring Package under the European Semester. This decision follows a sustained reduction in vulnerabilities ...

PwC Cyprus this week recognised the outstanding academic achievements of three ACA trainee accountants during a special award ceremony held at the PwC Experience Centre. The event was attended by ...

The International Monetary Fund warned Cyprus over its “inflated” public sector wage bill in its annual Article IV consultation – an economical health check – on the island. The report wrote that ...

Growth in the UAE’s non-oil private sector slowed to its weakest pace in nearly four years in May, a survey showed on Wednesday, as demand remained strong but eased ...

Public and private sector collaboration can create a driving force that ‘transforms challenges into opportunities and vision into action’, chairman of the Cyprus Property Developers Association Yiannis Misirlis said during ...

In the rapidly developing DeFi space, one project is quietly outpacing some of the biggest names in crypto when it comes to wallet growth—and it’s not another meme ...

In a crowded crypto market where thousands of tokens are launched every year, only a handful have the numbers, product, and momentum to back serious growth. Mutuum Finance (MUTM) is ...

A drop in unemployment figures, overall joblessness and youth unemployment was announced on Wednesday by President Nikos Christodoulides and Labour Minister Yiannis Panayiotou. “In absolute numbers, we had a decrease ...

Cyprus is no longer considered a country with macroeconomic imbalances, according to the European Commission’s 2025 Spring Package under the European Semester. This decision follows a sustained reduction in vulnerabilities ...

In a market overflowing with noise, real utility is the signal investors need to find. Mutuum Finance (MUTM), a next-generation decentralized lending protocol, is emerging as one of the most ...

Igor Ruge, a hotel manager at a ski resort in southern Bulgaria, welcomed news on Wednesday that the European Commission had given his country the green light to join the ...

Revenues from betting activity in Cyprus maintained their upward momentum in 2024, surpassing €1.2 billion and confirming the sector’s continued expansion, according to financial results published by the National Betting Authority (...

The number of registered unemployed persons in Cyprus stood at 7,378 at the end of May 2025, according to data released on Wednesday by the Cyprus Statistical Service (Cystat). However, based on ...

Hotel occupancy in Cyprus was slightly down in May, compared to the same month last year, according to the president of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides. However, overall ...

The shareholders of Cypriot beverage company KEO plc approved a series of key resolutions during the company’s annual general meeting held this week, according to a submission on the ...

Greek retail group Jumbo reported a strong rise in store sales across Cyprus and Greece in May 2025, reflecting a gradual rebound after a slower start to the year due to ...

Cyprus and Greece have agreed to step up cooperation in research and innovation, following high-level talks in Athens between senior officials from both countries. The meeting brought together Theodoros Loukaidis, ...

The Cyprus Innovation Awards 2025, organised by the Employers and Industrialists Federation (Oev), have been approved for inclusion in the official programme of the European SME Week. The European SME Week ...

Cyprus is expected to experience a decline in both rental and property purchase prices in the coming years, President Nikos Christodoulides announced this week. Speaking at a dinner hosted by ...