Business

Columbia Group has appointed Andreas Hadjipetrou as its new Chief Executive Officer, with Demetris Chrysostomou named Deputy Chief Executive Officer, the company announced.  Hadjipetrou, a longstanding member of the organisation, ...

Three-quarters of AI’s economic gains are being captured by just 20 per cent of companies, with leading businesses using the technology to drive growth rather than simply improve productivity, according ...

Petroleum product sales surged by 18.6 per cent year-on-year in March 2026, reflecting strong demand despite ongoing volatility in fuel prices. According the Cyprus Statistical Service (Cystat), total sales reached 127,272 tonnes during ...

Almost half of non-Cypriot workers earn less than €1,500 The average monthly earnings of employees in Cyprus rose to €2,605 in 2025, according to a report based on provisional data published by the ...

Europe’s ​biggest broadcasters and media groups warned EU regulators that a planned law to ‌curb unfair digital practices should target Big Tech, not publishers and broadcasters already heavily regulated, ...

Private equity firm Zubr Capital has announced a Series A investment in Cyprus-based Soloband Games, marking a significant step in the expansion of the country’s gaming ecosystem. According to ...

Cyprus’ labour market is facing growing pressure as economic growth, low unemployment and the expansion of technology companies have increased demand for workers across key sectors, from construction and tourism ...

The Cypriot economy has shown strong resilience despite rising geopolitical uncertainty, but high energy costs, delayed reforms and labour shortages continue to limit its growth prospects, according to Employers and ...

Cyprus recorded 7.87 per cent of internet users purchasing e-books or audio books in 2025, according to Eurostat, placing the country below the EU average but showing robust growth compared with the ...

By Maria Christofi Public procurement procedures are often surrounded by persistent misconceptions such as the perception that they are strictly formal processes where “the lowest price always wins” and where ...

Growth in frontier AI models has slowed significantly, while smaller and midsized models are rapidly expanding in both capability and adoption, according to market intelligence firm Omdia. The findings were ...

Greek consumers are adopting a more structured and strategic approach to spending on beauty and wellness products, according to a Revolut survey conducted by market research company Dynata. The findings ...

Apple’s leadership change is the start of a new phase for the iPhone maker, in which the focus will be on whether its deep hardware heritage can be successfully ​...

OpenAI has announced that it is expanding partnerships with major global consulting firms to speed up enterprise adoption of its ​Codex artificial intelligence tools, as competition in the ‌rapidly evolving ...

When Tesla released its annual report for US regulators in January, the Texas-based automaker, led by the world’s richest man, reported a federal tax bill of zero dollars for 2025. ...

Here are the top business stories in Cyprus from the week starting April 20: State Aid Commissioner Stella Michaelidou has approved a state grant to Plug and Play Cyprus Innovation Centre ...

Visa Hellas country manager Nikos Petrakis recently highlighted the growing shift towards invisible payments, as well as how technology is reshaping everyday transactions. Speaking to Athens-Macedonian News Agency (APE-MPE), Petrakis ...

If a hit to household finances is what dictates the economic impact of this oil shock, then European households have more savings insulation than their US counterparts, tempering a narrative ...

Britain’s employers showed signs ​of caution in March after the start of the Iran warwith a measure of hiring falling during the month and the lowest number of ‌job ...

Anthropic plans to provide access to its Mythos AI model to European banks soon, three people familiar with the matter said, as global banks scramble to test the technology after ...

Cyprus’ general government recorded a surplus of €119.40 million in the fourth quarter of 2025, compared with a €94.90 million surplus in the same period of 2024, according to the state statistical service (Cystat). ...

Land left dormant by the decline of the chemical industry in northeastern England has taken on a new lustre. Blessed with power plants, water and a grid connection, the site ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced a supplementary survey launched by the European Commission regarding the revision of European Union rules on electronic invoicing in ...

Construction output in the euro area and the European Union showed mixed monthly trends but remained weaker on an annual basis in February 2026, according to Eurostat. On a month-on-month basis, ...