Business

Hotel occupancy in Paphos has fallen sharply compared with last year, with the city and district seeing rates around 20 per cent lower than the corresponding period of 2025, according to hoteliers ...

Interior Minister Constantinos Ioannou is in Luxembourg today to chair a meeting of the Employment, Social Policy, Health and Consumer Affairs Council (EPSCO) in its housing configuration, as part of ...

Supervisory activities conducted by the Single Supervisory Mechanism (SSM) have proven effective in strengthening the management of risks related to commercial real estate portfolios within large euro area banks. A ...

The Cyprus Marine Club drew its largest audience to date, welcoming around 200 members and guests to a landmark gathering that brought together the island’s maritime community for an evening ...

Europe has the science. Now it needs the scale. An EU-backed start-up summit is trying to close that gap. By Tom Cassauwers In a conference space at the edge of ...

Global smartphone market shifts towards premium devices The global smartphone market is undergoing a major structural transformation, with manufacturers increasingly abandoning low-cost, high-volume strategies in favour of premium devices as ...

European Union member states directed €79 billion towards environmental protection assets throughout 2025, according to figures from Eurostat. These investments represented 0.4 per cent of the total EU gross domestic product and 1.9 per ...

The ​global personal luxury goods market is showing signs of a recovery in the ‌second quarter, despite the war in the Middle East, as demand in the US was stronger ...

By Andreas Charalambous and Omiros Pissarides For decades, the trajectory of the global economy was built on the deepening of trade and other cross‑border linkages. Trade barriers were declining, ...

Businesses across Cyprus, as well as other regions across the world, are bracing for a sharp rise in software expenses as Microsoft prepares to implement significant price increases from July 1, 2026. ...

Here are the top business stories in Cyprus from the week starting June 22: Cyprus’ hotel industry is looking to last-minute bookings to soften the impact of a difficult start to ...

By Nick Valiotti A CFO at a growing company asks a straightforward question on Monday: “What is the customer churn rate?” One figure comes back. Great. But by Thursday the ...

Energy consumption across the European Union services sector climbed to 4,971 petajoules in 2024, according to the latest data released by Eurostat. This figure marks a slight rise from the 4,886 petajoules recorded ...

South Korean content generated 12.1 billion hours of viewing on Netflix worldwide between April 2025 and March 2026, making it the most-watched content origin outside the United States, according to new analysis from ...

Hotel bookings in Cyprus are gradually improving after months of disruption linked to the crisis in the Middle East, but the sector is still facing an average loss of around 20 ...

The adoption of artificial intelligence tools is already leading to a reallocation of jobs within the United States labour market, according to new research published by the European Central Bank (...

The Bank of Cyprus (BoC) and Eurobank are well positioned to benefit from a renewed re-rating of Hellenic banking stocks, according to Cyprus-based investment firm Roemer Capital, with the company ...

The European Union maintained stable petroleum oil imports during the first quarter of 2026 when compared to the monthly average recorded throughout 2025, according to a report from Eurostat. The value of ...

Space companies have spoken with insurers about coverage for orbital AI data centers, a sign ‌of early progress for an experimental industry backed by Elon Musk’s SpaceX (SPCX.O) ...

Generative AI use is spreading quickly among French mid-sized companies, but most have yet to report ​clear productivity benefits, according to a survey by ‌state-backed investment bank Bpifrance. Bpifrance said ...

A majority of US consumers now say they would prefer to buy a home rather than rent or move in with family, the ​first time since 2023 that sentiment has favored ...

The European Union saw a notable increase in the consumption of mineral fertilisers throughout 2024, according to Eurostat, as agricultural producers applied a total of 9.8 million tonnes of nitrogen and phosphorus ...

The European Central Bank (ECB) released its Consumer Expectations Survey on Friday, showing that median inflation expectations for the next 12 months dropped significantly during May. Consumers’ inflation expectations for the ...

Most traders who blow up their first live account were profitable on demo. That gap does not come from a flawed strategy — it comes from everything strategy alone cannot teach. ...