MPs seek clarity on cost and viability of interconnector
The final cost and long-term viability of the Great Sea Interconnector (GSI) came under scrutiny on Friday during discussions at the House finance committee on the budget of the Cyprus ...
Cyprus businesses outperform EU as bloc’s profit share falls to 40%
The profit share of non-financial corporations in Cyprus reached 42.9 per cent in 2024, standing above the EU average of 40.1 per cent, according to Eurostat data published on Friday.
Across the bloc, ...
Employment in Cyprus rises by 1.4 per cent in the third quarter of 2025
Total employment in Cyprus reached 523,510 persons in the third quarter of 2025, according to provisional estimates released by the Statistical Service (Cystat).
Of this total, 470,755 were employees and 52,755 were self-employed.
Compared ...
Cyprus fiscal surplus reaches €1.119 billion in the first ten months of 2025
Cyprus’ government posted a €1.119 billion surplus for the January–October 2025 period, equivalent to 3.1 per cent of GDP, according to preliminary figures from the Statistical Service (Cystat).
This compares with a €1.3209...
Cyprus industrial turnover rises 5.6 per cent in September
The industrial turnover index in Cyprus reached 151.8 units in September 2025, marking an annual increase of 5.6 per cent compared with September 2024, according to figures released by the Statistical Service (Cystat).
For ...
Bank of Cyprus introduces the Virtual Card, the card that lives in your phone and shops online
Bank of Cyprus (BoC) has introduced its new Virtual Card, launched under the central message ‘The card that lives in your phone’, bringing the online shopping experience directly into everyday ...
Cyprus enterprises boost high-speed connectivity and expand use of AI and business software
Cyprus enterprises continued upgrading their digital capabilities in 2025, with faster internet connections, wider adoption of artificial intelligence technologies and increased use of business software, according to the Statistical Service (Cystat).
...
Cyprus Business Now: housing, gamification, basketball player investing, loans
TechIsland held its first Town Hall discussion in Limassol on Thursday, bringing together senior representatives from Ask Wire, PwC Cyprus, Leptos Estates, Neapolis University Paphos, Bank of Cyprus, Cybarco Development ...
Boosted by Dubai chocolate craze, Argentina bets on pistachios
In Argentina’s rapidly growing pistachio heartland, rows of trees bearing the ripening yellow fruit dot the dry landscape, a sign of how this agricultural region is striving to capitalize ...
Philips shares fall as management tempers growth expectations
Philips shares fell by their most in nearly 10 months on Thursday, down over 7 per cent after traders flagged concerns about growth expectations and tariff headwinds following comments from the Dutch ...
Eau de AI: Amazon gives techies a whiff of software-driven perfume
Amazon.com on Wednesday touted new capabilities for its SageMaker AI service that it says will help customers expedite customizing their artificial intelligence software models.
For Peter Nikoloff, a different ...
EU launches antitrust probe into Meta over use of AI in WhatsApp
Brussels has opened a new antitrust investigation into Meta Platforms over its rollout of artificial intelligence features in WhatsApp, the European Commission said on Thursday, reflecting rising scrutiny of Big ...
Top 3 cheap cryptos under $0.05, one is 98% sold at $0.035
Cheap cryptocurrencies often become the most talked-about assets during market resets, especially when investors start scanning for low-priced tokens with the potential to move fast. As Q1 2026 approaches, three sub-$0.05 ...
How payday loan app alternatives changed the world
For many years payday loans dominated the short term lending world. They offered quick cash to people who needed emergency money but at a very high cost. Traditional payday loans ...
Cyprus consumer inflation turns negative in November
Inflation in Cyprus turned negative in November, with the Consumer Price Index (CPI) falling by 0.5 per cent year on year, according to the state statistical service (Cystat).
The index decreased ...
Basketball star invests in Cyprus’ EMBIO Diagnostics and backs airbeld air-quality device
EMBIO Diagnostics has entered a strategic partnership with international basketball player Sasha Vezenkov, who joins the Cyprus-based deep-tech company as both an investor and brand ambassador for its airbeld indoor ...
Michalis Athanasiou takes over as Chief Business Officer at National Bank of Greece (Cyprus)
National Bank of Greece (Cyprus) has appointed Michalis Athanasiou as Chief Business Officer, in a move that strengthens its management team during a period of dynamic growth and strategic upgrading ...
New loans decline in October, offset by rising housing credit and higher rates
Net new loans in Cyprus fell by €18.5 million in October to €429.4 million, mainly due to a slowdown in lending to companies, while housing loans continued to rise, according to data ...
Housing pressures in focus at TechIsland’s first Town Hall
TechIsland held its first Town Hall discussion in Limassol on Thursday, bringing together senior representatives from Ask Wire, PwC Cyprus, Leptos Estates, Neapolis University Paphos, Bank of Cyprus, Cybarco Development ...
Where $20.7bn went: gamification breaks out of gaming
Gamification may have become one of the tech industry’s most overused buzzwords, yet very few have attempted to measure it as an investment category.
According to Diana Barsukova, who ...
A litigant has one opportunity to prove their case
Procedure is not a flexible framework that allows litigants to correct their mistakes after they have presented their case before the court.
Rather, it is a mechanism that ensures the ...
Safe Bulkers approves buyback of up to 10 million shares
Safe Bulkers, which also maintains offices in Limassol and is led by owner and chief executive Polys Hajioannou, has authorised a new share repurchase programme of up to 10 million shares, ...
Cyprus Business Now: airports, Hadjimanolis, unemployment, services and transport
Cyprus strengthened its links with the EU institutional centre this week as Greek airline Aegean, in cooperation with Hermes Airports, launched a new direct Larnaca–Brussels route beginning of December, ...
Global financial system must adapt to better serve economy, UN trade agency says
The financial system risks undermining global trade if it fails to adapt to the economy’s needs, with developing countries likely to suffer the most, the UN Trade and Development ...