Business

The average interest rates for household deposits in Cyprus remained unchanged in August, compared with the previous month, while rates for business deposits decreased, according to the Central Bank of ...

The Cyprus Land Development Corporation (Koag) has announced the launch of applications for its affordable housing scheme, covering the districts of Nicosia, Limassol, and Larnaca.  The application period began on ...

Succession remains the biggest challenge for family businesses in Cyprus and around the world, according to Renos Ioannides, managing director and head of the family business group at KPMG Cyprus. ...

The energy ministers of Cyprus and Greece reiterated on Thursday their commitment to work together to bring to fruition the Great Sea Interconnector (GSI), in a move de-escalating the apparent ...

The upcoming Cyprus Presidency of the Council of the European Union, set for the first half of 2026, is expected to deliver tangible benefits for the country’s hotel and tourism ...

President Nikos Christodoulides on Thursday addressed the 91st HOTREC general assembly in Paphos, highlighting the vital role of tourism in Cyprus’ economy, the country’s sustainable development strategy, and upcoming ...

Why legality matters in Bitcoin Mining Bitcoin mining is no longer just a hobby for tech enthusiasts—it has become a global business. However, for beginners in the United States, ...

Introduction: The rise of Cloud Mining Apps in 2025 Cryptocurrency has matured in the United States, but one challenge still remains for everyday users—how to earn digital assets without investing ...

British expatriates with substantial UK pension funds face a major change in the coming years. From April 2027, UK pensions will become subject to inheritance tax (IHT), a reform that could ...

The Cyprus Union of Shipowners (CUS) has appealed to EU Member States, and in particular to the Government of the Republic of Cyprus, to vote against the proposed International Maritime ...

The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have published their joint technical advice to the European Commission in response to its Call for Advice ...

Industrial production in the euro area and the European Union (EU) rose by 1.1 per cent year on year in August 2025, while Cyprus outperformed that rate with an annual increase of 2.4 ...

Ethereum (ETH) and Solana (SOL) have dominated the smart contract and DeFi markets for years. Yet, analysts now spotlight two different plays that might outperform them this quarter: Bitcoin (BTC) ...

Cyprus will host one of the most significant events in the European tourism and hospitality industry this year, as the 91st General Assembly of HOTREC is set to take place ...

GlobalWealth Group PLC, a company registered and headquartered Cyprus, has announced the signing of a final investment agreement with the London-based Wealthyhood Ltd. The deal was completed on September 14, 2025, following ...

Cyprus marked the 65th anniversary of its independence with a celebratory event in London earlier this week, where Deputy Minister of Shipping Marina Hadjimanolis spoke on a number of key ...

Cyprus and the United Arab Emirates reaffirmed their commitment to strengthening bilateral economic relations and investment cooperation during a meeting between Cyprus’ Minister of Energy, George Papanastasiou, and the UAE ...

Britain’s Chancellor Rachel Reeves said she was looking at both tax rises and spending cuts for her budget on November 26, confirming widely held expectations given her pledges about balancing ...

Ramdon Ltd has revolutionized indoor agriculture with its innovative Growbro product, a specialized Carbon Dioxide (CO2) system that delivers remarkable results for plant growth. Independent testing and customer feedback confirm ...

One of President Vladimir Putin’s top economic officials on Wednesday pushed back at U.S. President Donald Trump’s warning that the Russian economy was going to collapse amid ...

The top 100 most valuable real estate transactions in Cyprus during July and August 2025 totalled €201.4 million, according to data released by property technology firm Ask Wire, which monitors real estate transactions, ...

Finance Minister Makis Keravnos welcomed the International Monetary Fund’s (IMF) latest forecasts on Wednesday, saying they confirm both government projections and the continued strong performance and resilience of the ...

Cypriot banks hold the highest levels of liquidity in the eurozone but maintain the lowest loan-to-deposit ratio, according to the Cyprus Borrowers Association (Syprodat). The association said that “to strike ...

Building permits in Cyprus fell sharply by 58.4 per cent in June 2025, according to the Statistical Service (Cystat), reflecting a sharp slowdown in construction activity following administrative changes to the licensing ...