Business

The Bank of Cyprus (BoC) on Monday announced that it was named Best Sub-Custodian Bank in Cyprus for 2026 by international financial publication Global Finance, recognising the bank’s performance in ...

Investment firm Demetra Holdings Plc announced on Monday the repurchase of its own shares in line with regulatory requirements of the Cyprus Stock Exchange (CSE) and the Cyprus Securities and ...

Hotel occupancy across Cyprus is averaging around 85 per cent for July and August, noticeably lower than last year’s record levels, with higher energy costs and continued regional instability weighing ...

Andreas Spyrides takes helm of CFA Society Cyprus CFA Society Cyprus announced on Monday the election of a new board of directors, marking a new phase for the organisation following ...

Eurobank announced on Monday that it repurchased 1,464,364 shares on the Euronext Athens for a total cost of €6,119,952.33 between July 20, 2026 and July 24, 2026, as part of its ongoing share buyback programme. The ...

The Cyprus Trading Corporation (CTC) announced on Monday the completion of its mandatory takeover bid for Ermes Department Stores Plc. The company said the process related to the acquisition of ...

By Stephanos Spyrou Picture a fairly ordinary Tuesday. Someone in your office is fighting a PDF that will not convert, or a clause that needs translating before a call in ...

The European Central Bank (ECB) said banks across the euro area tightened lending conditions in 2025 as trade tensions, particularly those linked to exports to the United States, increased risks for ...

Global recorded-music retail sales are expected to reach $48.3 billion in 2026, marking the 12th consecutive year of annual growth for the industry, according to new forecasts from research firm Omdia. The ...

Euro area banks tightened lending standards again in the second quarter of 2026, while business borrowing picked up slightly and household demand for loans weakened, according to the European Central Bank’...

The European Securities and Markets Authority (ESMA) has urged financial market participants to accelerate preparations for the European Union’s transition to a T+1 settlement cycle, warning that 2026 will be ...

Effective enforcement mechanisms will be crucial to the credibility and success of artificial intelligence regulation, according to a new Omdia analysis examining AI policies and regulatory frameworks across major global ...

Electricity storage batteries are expected to arrive in Cyprus in January 2027, with installations due to be completed before the summer, Energy Minister Michael Damianos said on Sunday. Damianos said contracts ...

The International Monetary Fund (IMF) has warned that the rapid development of tokenised finance could either strengthen the global financial system or create new sources of instability, depending on the ...

Here are the top business stories in Cyprus from the week starting July 20: A family of four could spend around €120 on a single day at an organised beach in Cyprus, ...

Replying to a fraudulent text may feel satisfying, but it can validate an active number and open the door to a more convincing con. In Cyprus, the bait increasingly resembles ...

Construction output across the euro area and the European Union saw a modest rise during May 2026, according to the latest figures released by Eurostat. Seasonally adjusted production grew by 0.4 per ...

Artificial intelligence is allowing employers to examine years of online activity within hours, turning forgotten posts, anonymous accounts and even deleted profiles into potential career liabilities.  The warning that jobseekers ...

Five years ago PayPal was a Wall Street favorite and a leader in digital payments. Since then the stock has plunged, Apple Pay dominates payment services in the US and ...

The European Commission this week published new guidelines to help artificial intelligence (AI) providers and users comply with transparency requirements under the EU’s AI Act, with the rules set ...

A Cyprus-based venture capital firm is positioning itself ahead of anticipated landmark IPOs in the artificial intelligence sector, with its leadership arguing that the flotations could reshape global valuation benchmarks. ...

The next great technology battle will not be fought in our pockets. It will take place on our faces.  More than a decade after Google Glass became a cautionary tale ...

31.6 million people were employed in the EU during 2024 to satisfy the final demand for goods and services from non-EU economies, according to a report from Eurostat. This figure accounts for 14.4 ...

Recent opinion surveys indicate that the affordability crisis is the most pressing concern for Cyprus households. Indeed, many state their inability to cope with daily cost-of-living pressures and doubt that ...