Business

Strait of Hormuz traffic rises, but security risks continue to slow full return to normality  Ships have begun leaving the Persian Gulf after the US and Iran agreed to ease ...

For much of the past decade, digital payments were discussed primarily in terms of convenience – faster checkout, simpler transfers, less paperwork. That framing is now outdated. Digital payments have become ...

Strovolos and the wider Nicosia area are set to be promoted as a model accessible sports and tourism destination through the implementation of the European project SPORTS4ALL. The 24-month ...

‘Europe needs ecosystems, not just capital’ Europe’s long-term competitiveness will depend less on the amount of money available to startups and more on the strength of the ecosystems supporting ...

The Cyprus Securities and Exchange Commission (CySEC) has warned investors about a number of websites that are not operated by entities authorised to provide investment services or carry out investment ...

The Cyprus Stock Exchange (CSE) announced on Friday that it has extended the suspension of trading for shares of four companies listed on its Emerging Companies Market for an additional ...

Logicom Public Ltd reported a sharp drop in profit attributable to shareholders for the first quarter of 2026, falling by 55.2 per cent to €10.7m, compared with €23.9m in the same period ...

The European Central Bank (ECB) released its updated wage tracker this week, indicating that negotiated wage pressures remain stable as the year progresses. Data covering agreements signed up to the ...

Ellinas Finance Public Company Ltd shareholders approved a dividend of 1.75 cents per share, representing 3.9 per cent of the nominal value of €0.45, during the company’s annual general meeting held on ...

Petrolina (Holdings) Public Ltd shareholders approved a final dividend of 5.8 per cent, or 2.0 cents per share, during the company’s annual general meeting held on Thursday. The dividend payout is ...

Institute of Certified Public Accountants of Cyprus (Selk) president Odysseas Christodoulou will continue to lead the organisation following the completion of the statutory proceedings of the association’s 65th Annual ...

The Cyprus Shipping Chamber’s (CSC) ‘Adopt a Ship’ programme marked its 20th anniversary this year, with teachers, schools and shipping companies recognised for their role in one of Cyprus’ ...

Safe Bulkers reported a sharp rise in first-quarter profit, supported by stronger dry bulk market conditions, higher charter revenues and lower vessel operating costs, while the company also raised its ...

The question is no longer whether Cyprus needs a long-term energy plan. The question is what such a plan should include. A successful energy strategy must provide a coherent framework ...

What began as a single Dallas-based oil and gas venture in 1970 has since grown into a multi-state exploration and development company with operations stretching from South Texas to the Louisiana ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has called for the introduction of a standalone and compulsory financial literacy course in schools, arguing that stronger financial education is essential ...

The Cyprus Securities and Exchange Commission (CySEC) has announced that, as of December 31, 2025, Epamina Corporate Ltd voluntarily waived its authorisation to provide administrative services, resulting in the lapse of its ...

Cyprus strengthens ties with Digital Cooperation Organisation Digital Cooperation Organisation (DCO) Secretary-General Deemah AlYahya used her visit to Cyprus to strengthen a series of international and local partnerships, underlining the ...

Cyprus maintained a steady economic profile between 2024 and 2025, with figures from Eurostat confirming that the island remains close to the European Union average for living standards. The island recorded an ...

Poor transport links and difficult access to Troodos are the biggest barriers to the region’s further tourism development, according to Troodos regional tourism board (Etap Troodos) president Nikos Matthaiou. ...

Europe’s regional air connectivity remains under pressure and island states such as Cyprus risk being disproportionately affected by rising costs and rigid regulations, according to the European Regions Airline ...

Consumer prices rise across the euro area The euro area annual inflation rate climbed to 3.2 per cent in May 2026, marking a rise from the 3.0 per cent recorded in April, according ...

Cyprus has emerged as a leader in protecting young people from severe material and social deprivation, according to newly released figures from Eurostat for 2025. The island recorded a rate of ...

Municipalities across Cyprus are increasing charges for sunbeds and umbrellas on organised beaches this summer, with local authorities arguing that higher fees are necessary to support upgraded facilities and services. ...