Business

President Nikos Christodoulides and Finance Minister Makis Keravnos brag frequently about the successful performance and good management of the economy by citing the relatively rapid growth of GDP and the ...

By Pavlos Loizou, CEO Ask Wire  Walk through the centre of Nicosia, Limassol, or Larnaca and the pattern becomes impossible to ignore. Vacant plots sitting idle for decades. Buildings — put ...

As people increasingly turn to artificial intelligence for advice, some US lawyers are telling their clients not to treat AI chatbots like trusted confidants when their freedom or legal liability ...

Carmakers and battery companies facing a weak US market for electric vehicles are scrambling to repurpose battery factories to make energy-storage systems to fuel AI’s thirst for power instead. ...

Here are the top business stories in Cyprus from the week starting April 14: Cyprus remains the top global location for hiring in the online trading sector during the second quarter ...

Britain’s economy put on a burst of growth in February, suggesting it was in slightly better shape before the start of the Iran war than many economists had feared, ...

Morgan Stanley beat Wall Street expectations for first-quarter profit this week, as ​the investment bank benefited from a surge in dealmaking and raked in record revenue from its equities trading ...

Britain’s financial regulator said this week that it was ‌consulting on how firms might be ​affected by ​the regulation of the ⁠crypto industry which ​is due to ​come into ...

Cyprus recorded an employment rate of 81.3 per cent in 2025, placing it well above the EU average of 76.1 per cent, according to a report from Eurostat released on Friday. The figures ...

European lenders are resilient enough to absorb current financial and geopolitical ‌shocks but need to prepare for future uncertainties including cybersecurity risks from AI, François-Louis Michaud, the new head ...

Britain ​will have enough gas and electricity supply this summer, the country’s network operators said this week, despite ‌declining domestic gas production and fears over energy supplies from the ...

Australia’s corporates are starting to count the cost of the war in the Middle East, ​with profit warnings from two top companies and a crash in business sentiment pointing ...

The Central Bank of Cyprus (CBC) on Friday announced the issuance of a €2 commemorative coin marking the Republic of Cyprus’ assumption of the Presidency of the Council of the European ...

Demetra Holdings Plc on Friday announced that it completed a share buyback on April 16, acquiring 6,400 of its own shares during the daily session. The transaction was carried out by Demetra ...

Petrolina (Holdings) Public Ltd on Friday announced that its board of directors will convene on April 29, 2026, to review financial results and consider a potential dividend. The meeting will take place ...

The Cyprus Stock Exchange (CSE) has announced that it will extend the suspension of trading for four companies listed on the Emerging Companies Market starting from April 20, 2026. This decision affects ...

Fuel prices in Cyprus remain among the lowest in Europe, consumer protection service director Constantinos Karagiorgis said on Friday. “We are monitoring refinery prices and the shipments arriving in Cyprus. ...

The Central Bank of Cyprus (CBC) on Friday announced that the non-performing loans ratio of the Cypriot banking sector remained unchanged at 1.6 per cent as of January 31, 2026. The figure was ...

Safe Bulkers has expanded its board to 11 members from nine, appointing Jeffrey Bunzel and Vasilis Hajioannou with immediate effect, as the New York-listed dry bulk shipowner moves to strengthen both ...

Eurostat on Friday reported a decline in the euro area’s trade surplus for February, while earlier data released this month by Cyprus’ statistical service pointed to a widening trade ...

EU tourism ministers gathered in Nicosia on Friday for an informal meeting under the Cyprus Presidency of the Council of the EU, with talks focusing on the bloc’s first ...

Cyprus recorded an employment rate of 81.3 per cent in 2025, placing it well above the EU average of 76.1 per cent, according to a report from Eurostat released on Friday. The figures ...

Tourist arrivals to Cyprus fell to 139,198 in March 2026, down 30.7 per cent from 200,736 in the same month last year, according to the state statistical service (Cystat). For the first three months ...

The Cyprus Chamber of Commerce and Industry (Keve) on Friday released a statement highlighting the importance of the Cyprus Market Access Day (MAD) 2026 in strengthening the internationalisation of Cypriot enterprises ...