Business

A gradual improvement in hotel bookings, however they are still moving at lower levels than expected for the period, chairman of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides said on ...

OpenAI CEO Sam Altman said this week that the rapid development ‌and adoption of AI would not lead to a global “jobs apocalypse” and the technology had not claimed as ...

Here are the top business stories in Cyprus from the week starting May 25: The Cyprus Chamber of Commerce and Industry (Keve) has strengthened its institutional links with the real estate ...

British shop price inflation sped up in May on the back of disruption and ​higher energy costs caused by the Iran ‌war, according to a retail industry group which said ...

Wall Street banks are pushing the Federal Reserve behind the scenes to cement its new supervisory regime so the changes cannot easily be reversed by potential future Democratic administrations, said ...

Technology leaders and analysts at the IDC Directions 2026 conference in Beijing recently highlighted the rapid evolution of artificial intelligence, signalling a decisive shift from infrastructure development to large-scale enterprise adoption. ...

The international Blue Flag programme has awarded Cyprus 56 Blue Flags for 2026, down from 64 beaches in the previous year. Speaking to Alphanews, president of the national Blue Flag organisation and general ...

Nicolas Tsardellis elected to European bars and law societies council Renowned Cypriot lawyer and vice president of the Cyprus bar association (CBA), Nicolas Tsardellis was elected to the presidency of ...

Spain’s Consumer Rights Ministry temporarily banned so-called prediction markets Polymarket and Kalshi ​for operating in the country without a ‌gambling licence, the official state gazette showed this week. In ...

British retailers reported lower sales in May against a backdrop of weak demand, but not the record downturn they had reported a month earlier, ​according to figures released by the ...

Interior Minister Constantinos Ioannou has defended the government’s business-friendly approach to housing and development, saying the private sector is better placed than the state to deliver projects quickly and ...

Hundreds of vessels remain unable to transit the Strait of Hormuz, raising concerns that any sudden return to more normal navigation conditions could create a serious navigational hazard in one ...

The co-founder of AI company Anthropic said earlier this week that the development of artificial intelligence cannot be ‌left solely to technology companies, urging greater oversight from religious leaders, governments ...

The ports authority on Friday announced a tender for consulting services related to the planned €350 million expansion of the Vasiliko port in Mari. “The announcement constitutes an essential step for ...

The Index of Industrial Output Prices for April 2026 reached 121.7 units, marking an annual decrease of 0.2 per cent compared to the same month in the previous year. According to a report ...

Limassol is one of the busiest cities in Cyprus, with a mix of residential, rental, and commercial properties that all need regular care. From apartments and villas to offices and ...

Ask Wire CEO Pavlos Loizou has warned that Cyprus’ housing problem is not being driven by a lack of land, but by the failure to use existing land effectively, arguing ...

Cyprus recorded a clear improvement in its labour market during the first quarter of 2026, with the unemployment rate falling to 4 per cent compared to 5 per cent in the same period ...

The Cyprus general government recorded a fiscal surplus of €593.4 million during January-April 2026, according to preliminary data released on Friday by the Cyprus Statistical Service (Cystat). The surplus corresponded to 1.5 per ...

Paphos hotels are expected to see occupancy rates exceed 90 per cent during the Kataklysmos holiday weekend, as strong demand from Cypriot visitors gives the sector a welcome, if short-lived, boost. ...

When you’re searching for your first student home in Cyprus, the worst part isn’t failing to find an apartment. It’s not knowing whether you’ve seen them ...

The EU’s Competitiveness Council this week adopted conclusions on sustainable and competitive tourism, in what Deputy Tourism Minister Kostas Koumis described as a key achievement of the Cyprus Presidency ...

Temu has rejected a €200 million fine imposed by the European Commission under the Digital Services Act (DSA), describing the penalty as disproportionate and saying the decision does not reflect the ...

Interior Minister Constantinos Ioannou has defended the government’s business-friendly approach to housing and development, saying the private sector is better placed than the state to deliver projects quickly and ...