Business

Tourist arrivals to Cyprus increased significantly in 2025, highlighting a record-breaking year that stands in stark contrast to the sector’s declining fortunes in early 2026. Specifically, the Cyprus Statistical Service (Cystat) ...

Karachi handles roughly 60 percent of Pakistan’s cargo traffic, yet for decades, the port’s East Wharf operated under government management with chronic congestion and underinvestment. A 2022 concession agreement reshaped ...

Greek banking groups operating on the island can actively support the Cypriot economy, according to Bank of Greece governor Yannis Stournaras. Speaking to Phileleftheros, Stournaras stressed that Greek and Cypriot ...

Holiday bookings for the upcoming summer season have so far fallen by 25 per cent, director general of the Cyprus hoteliers association, Christos Angelides, said on Monday. “The level of reservations ...

Founder Institute and Plug and Play Centre enter the market Cyprus is entering a new phase in its startup evolution. Two global platforms are now establishing a presence on the ...

Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou has travelled to the United States for a working visit, aiming to strengthen bilateral relations in innovation and technology. The ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday issued a statement welcoming the election of secretary general Philokypros Roussounides as vice president of Eurochambres‘ skills and employment committee. ...

Brands lose money scaling campaigns that were never ready to scale. It happens more than most people admit. Performance looks acceptable at a low budget, the decision gets made to ...

CryptoProcessing by Coinspaid, a regulated crypto payment gateway serving enterprise and institutional merchants globally, has achieved Level 3 certification under the Cryptocurrency Security Standard (CCSS) for its Institutional-Grade Key Management and ...

By Dionysis Partsinevelos Cypriot startups are off to a good start in 2026. Funding data is still limited across sectors, but as of Q1 2026, there is one that stands out for ...

A sharp rise in DDoS attacks is placing Cyprus’ banking, payments and iGaming sectors at heightened risk, according to new data from cybersecurity firm Qrator Labs. The company’s first ...

Cyprus recorded one of the highest rates of weekend work in the European Union in 2025, with 31.3 per cent of employees usually working during weekends, according to Eurostat. This places Cyprus ...

Cyprus household financial assets reached €65.1 billion at the end of December 2025, while household debt stood at €19.8 billion, corresponding to 54 per cent of gross domestic product, according to the Central Bank ...

Exports of pharmaceutical products from the European Union to non-EU nations supported a record 926,000 jobs across the bloc during 2023, according to a report from Eurostat. This figure represents a significant ...

Financial markets are finding it harder to look past the rising economic costs of the Iran war as the continued closure of the Strait of Hormuz prolongs the world’s ​...

Major fund managers are heralding a sustained rally in mining and metals as money floods into the sector at the fastest pace in years, driven by robust AI infrastructure, rising ​...

In recent years, the world has witnesses record investment in environmentally friendly renewable energy, rapid advances in battery technology and ambitious net‑zero commitments, all supported by sharply falling costs. ...

Global passenger demand increased by 2.1 per cent year-on-year in March, despite significant disruptions in key regions, according to the International Air Transport Association (IATA). The figures showed that total capacity ...

In the run-up to the parliamentary election on May 24, candidates have clashed on the ability of their political parties to manage the economy. In particular, in reaction to the policy ...

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 state statistical service (Cystat). However, the median salary ...

Volkswagen could begin building its China-specific models in Europe for sale to local markets, or share plants ‌on the continent with Chinese partners, CEO Oliver Blume said earlier this week, ...

The timing was almost theatrical. All day Tuesday, Emirati officials and government-aligned accounts had seeded social media with hints that something transformative was coming. Then Mohammed bin Salman took his ...

Oilfield service companies that for years kept rigs and specialized equipment stored in Venezuela have begun removing them from warehouses for assembly and repair as the government ​advances a review ...

The euro has struggled against the dollar since the start of the Iran war, but it’s recently showing signs of securing ​a firmer footing. Technical analysis suggests buyers are ...