Business

Here are the top business stories in Cyprus from the week starting March 23: Parliament is set to examine a bill that would give hundreds of hotels and tourist accommodation providers ...

The European Commission this week unveiled a comprehensive strategy to decarbonise the built environment, introducing a whole life carbon approach to eliminate greenhouse gas emissions from construction to demolition. The ...

Rising climate risks and growing challenges for smaller farms are putting pressure on EU agricultural systems, highlighting gaps in support and preparedness, according to a World Bank study. The study ...

Bank of England Chief Economist Huw Pill said this week that uncertainty about the economic implications of the ongoing conflict ​in the Middle East should not be used as an ...

Telecoms provider Cyta on Friday welcomed the decision by the House of Representatives to approve legislation allowing the organisation to enter the energy sector, describing it as a pivotal step ...

A major advance in the treatment of beta-thalassaemia and the official opening of the largest development project in the history of the Cyprus Institute of Neurology and Genetics (CING) mark ...

By Maria Demertzis Europe’s monetary union still rests on an institutional contradiction: monetary policy is centralised while fiscal policy remains national. That may have been politically expedient at Maastricht, ...

The European Union imported energy products worth €336.7 billion in 2025, representing a total weight of 723.3 million tonnes, according to Eurostat. When compared with the previous year, imports of energy products decreased ...

Eurostat has reported that 80.7 per cent of the EU population was connected to wastewater treatment systems with at least secondary treatment in 2023, reflecting ongoing progress in water infrastructure. This marked ...

The European Union should review its emissions trading system to avoid undermining the competitiveness of its aviation sector as airlines decarbonise, the International Air Transport Association (IATA) said on Monday. ...

Petrol price spikes triggered by the war in Iran are boosting used electric vehicle sales across Europe, online car platforms told Reuters, in an early sign that ​pain at the ...

Fiscal Council president Michalis Persianis on Friday announced his intention to step down from the role in a post on Facebook. In his announcement, he stated that he had already ...

War in Iran and the related surge in fossil fuel prices have driven some politicians to push for more renewable energy in Europe, yet market volatility, an ​expected rise in ...

Telecoms provider Cyta on Friday welcomed the decision by the House of Representatives to approve legislation allowing the organisation to enter the energy sector, describing it as a pivotal step ...

Cyprus hospitality owners association Osika has urged President Nikos Christodoulides to extend the government’s support measures to the food and catering sector, arguing that restaurants and similar venues are ...

The European Central Bank should not rush to raise rates in response ​to surging energy costs, as its “baseline” outlook remains intact and there is no sign yet that ‌inflation ...

The Cyprus Statistical Service (Cystat) on Friday reported that total petroleum product sales in February 2026 reached 111,922 tonnes, marking a 0.1 per cent year-on-year increase compared to February 2025. However, the figures reflect ...

Cyprus will begin screening certain foreign direct investments (FDI) from April 2, 2026, under a new law aimed at safeguarding national security and public order while aligning the country with the EU’...

The House of Representatives has unanimously approved the Cyprus Ports Authority (CPA) budget, amounting to €83,950,909. Notably, the 2026 budget is in deficit, with projected expenditure of €83,950,909 and expected revenue of €65,190,938. The ...

ERB Asfalistiki, a member of the Eurobank Group, on Friday announced that it delivered a firefighting training simulator to the Cyprus fire service, strengthening their long-standing cooperation on fire safety. ...

The Cyprus Stock Exchange (CSE) council on Friday announced the admission to trading of 4,167 additional shares of iDNA Genomics Public Ltd on the Emerging Companies Market. According to the announcement, ...

The board of directors of Cosmos Insurance Public Company Ltd on Friday announced the approval of the company’s audited financial statements for the financial year ended December 31, 2025. The board ...

The Cyprus Stock Exchange (CSE) on Friday announced its Easter holiday schedule, informing investors and market participants of upcoming trading suspensions in April. The exchange stated that on April 3, 2026 and ...

European Parliament members (MEPs) have adopted new EU rules to address bank failures, aiming to protect taxpayers and depositors while minimising economic disruption. The reform establishes that the cost of ...