Stay informed with the latest business and economy news from Cyprus and around the globe. This section covers key developments in finance, energy, tourism, technology, entrepreneurship and the corporate sector.
U.S. President Donald Trump’s higher tariffs on imports from dozens of countries kicked in on Thursday, raising the average U.S. import duty to its highest in a ...
Cyprus recorded the highest annual increase in retail trade volume among all EU member states for the second consecutive month, according to figures published by Eurostat.
The rise in retail ...
Turkey’s aggressive and multi-faceted energy strategy is posing increasing challenges for Cyprus and the broader Eastern Mediterranean region, according to Andreas Poullikkas, professor of energy systems and former chairman ...
Cyprus airports reached an all-time record in July, with a total of 1,653,880 passengers passing through Larnaca and Paphos airports, surpassing even last year’s August peak, according to Hermes Airports.
...
JP Morgan has placed Greece firmly on its radar, describing the country as one of the top destinations for investors looking to reposition in emerging markets.
In its latest earnings ...
The Cyprus Stock Exchange this week announced a change in the composition of its emerging companies market index.
According to the CSE, the shares of EFA Holdings PLC will soon ...
Long-term crypto investors remember Litecoin (LTC) as one of the earliest altcoins to prove that Bitcoin (BTC) wasn’t alone. It launched quietly, grew steadily, and then took off as ...
In a move that has caught the attention of crypto markets worldwide, Bitcoin whales have transferred a staggering $1 billion worth of BTC to Binance. Such large-scale transfers often indicate strategic ...
The electricity authority (EAC) on Wednesday called on trade unions to act responsibly after facing criticism the previous day regarding its plans to upgrade Cyprus’ electricity network.
Unions had said ...
Deputy Shipping Minister Marina Hadjimanolis reaffirmed Cyprus’ commitment to development approaches that are inclusive and human-centred during her address at the third United Nations Conference on Landlocked Developing Countries in ...
The average interest rate on new loans to Cypriot households is now almost aligned with the eurozone median, while for businesses the margin stands at 0.24 per cent, according to the ...
XRP’s early journey was marked by quiet accumulation from investors who recognized its unique use case in cross-border payments. Its utility and partnerships eventually propelled it into explosive growth, ...
As Cyprus positions itself as a rising fintech hub in Europe, few companies embody this transformation as vividly as Freedom24.
A subsidiary of Freedom Holding Corp., Freedom24 has quickly emerged ...
Greek retail group Jumbo reported a 9 per cent year-on-year increase in sales in July 2025 across all markets, with Cyprus and Greece driving growth.
Over the first seven months of the ...
The response so far to the affordable housing schemes has been encouraging, according to Interior Minister Constantinos Ioannou.
He also said that the Cyprus Land Development Corporation (Koag) is planning ...
Limassol continued to dominate Cyprus’ high-end property market in the first half of 2025, accounting for six of the ten most expensive transactions nationwide, with a combined value of €105.7 million, according ...
Two key challenges stand in the way of introducing a new scheme to address non-performing loans (NPLs), according to Finance Minister Makis Keravnos.
Kervanos responded to a question from MP ...
Upwork tools finally evolved beyond basic job alerts and template generators that everyone used to rely on. Been working on Upwork for four years and tested dozens of tools that ...
Global catering management provider MCTC, with offices in Cyprus, Greece, and Saudi Arabia, among other places, has launched two new tools aimed at enhancing nutritional oversight and environmental transparency onboard ...
Having a business involves dealing with money daily, paying suppliers, getting payments from customers, dealing with salaries, and monitoring costs. To make all this convenient, businesses use a current account. ...
Cyprus airports reached an all-time record in July, with a total of 1,653,880 passengers passing through Larnaca and Paphos airports, surpassing even last year’s August peak, according to Hermes Airports.
...
Cryptocurrency giant Solana (SOL) remains. The network attracts DeFi protocols, NFT developers, and huge Wall Street firms with its fast transactions, low costs, and scalability. SOL is worth $95 billion and ...
From Zero, a new event series focused on real startup journeys, is set to launch in Nicosia, with the aim of creating a space for honest, practical conversations about entrepreneurship.
...
In just four years, TechIsland has firmly established itself as a driving force behind Cyprus’ transformation into a regional technology hub.
Since its launch in 2021, the organisation has been working ...