Business

The Central Bank of Cyprus (CBC) announced on Monday that all local banking institutions will be closed for a three-day period to observe the Orthodox Easter holidays. The scheduled closures ...

Eurobank S.A. on Monday announced that it successfully repurchased a total of 1,172,125 of its own shares as part of its ongoing share buyback programme. According to the announcement, the ...

The Central Bank of Cyprus (CBC) on Monday released its latest interest rate statistics for February 2026, showing declines in both deposit and lending rates alongside an increase in new loan ...

INXY, an EU-authorised payment platform with a presence in Cyprus, announced on Monday that it has raised $7 million in total seed funding to scale its cross-border payment infrastructure. The latest ...

The total number of registered unemployed persons in Cyprus reached 11,243 at the end of March, according to a report released on Monday by the state statistical service (Cystat). This figure ...

The Cyprus Statistical Service (Cystat) on Monday reported that the Index of Production in Construction surged by 9 per cent during the fourth quarter of 2025, when compared to the same period ...

The House plenum on Monday rejected the president’s referral of a law on small business bank accounts, reaffirming its support for the legislation previously approved. The referral was voted ...

The Cyprus Land Development Corporation (Koag) has signed contracts with B.K.V Exelixis General Constructions Ltd for the construction of the “Alexandra” residential development in Lakatamia, marking the launch ...

The Cyprus construction industry moved towards closer coordination with the government following a broad working meeting organised in Paphos by the Federation of Building Contractors Associations of Cyprus (Oseok) in ...

The Bank of Cyprus (BoC) on Monday announced a targeted initiative to support the hotel industry while rewarding its customers amid ongoing regional challenges. The bank said the move comes ...

The Cyprus Human Resources Development Authority (Anad) on Monday released a study analysing long-term trends in human capital indicators in Cyprus between 2018 and 2024. The study aims to provide a comprehensive ...

By Theodoros Zachariadis, professor at the Cyprus Institute Imagine that meat prices rise by 30 per cent, whether due to foot-and-mouth disease or energy costs. This creates serious inflationary pressures throughout ...

European spending on artificial intelligence is forecast to reach $290 billion by 2029, according to a report by the International Data Corporation (IDC). The forecast represents a compound annual growth rate of 33.7 ...

Netflix is forecast to surpass 1 billion monthly active users globally by 2027, while YouTube is expected to approach 3 billion users worldwide, according to a report from market intelligence firm Omdia. The ...

US personal computer shipments returned to growth in the fourth quarter of 2025, rising 3 per cent year-on-year to 18.2 million units, according to research by technology market analysts Omdia. The increase marked ...

Norway’s $2.1 trillion sovereign wealth fund, the world’s ​largest, will eventually allow some investment decisions to be made by AI systems under human supervision, ‌but not yet, as the ...

Global revenues from traditional television and online video are projected to exceed $1 trillion by 2030, according to data presented by Maria Rua Aguete, Head of Media and Entertainment at Omdia at ...

It is time for fiscal discipline and not populism, Finance Minister Makis Keravnos said on Sunday. In an interview with Kathimerini, he said the economy is showing resilience in the ...

The services sector in Cyprus showed an improvement in 2025, to data published by the Employers and Industrialists Federation (OEV) on Sunday revealed. “The data confirm the decisive role of the ...

Daytime temperatures have not yet risen too much, but growth goes on everywhere despite the slight chill in the air. Alas, having said that, temperatures can shoot up suddenly later ...

In a world full of deepfakes and fake news, EU-funded researchers are building tools to help journalists tell what’s real and what’s not. By Hannah Docter-Loeb Last winter, ...

Here are the top business stories in Cyprus from the week starting March 30: The Famagusta district is coming under economic pressure from the fallout of the Middle East war, with ...

By Yiannis Misirlis In every housing cycle, markets search for a villain. Today, in Cyprus, the spotlight has turned toward foreign, particularly non-European, buyers. The policy response now under discussion, ...

By Christodoulos Patsalides, governor of the Central Bank of Cyprus (CBC) The banking sector today operates in an environment characterised by heightened uncertainty and a multidimensional, dynamically evolving web of ...