Business

The first two articles in this series concluded that the key question facing Cyprus is no longer whether natural gas is needed, but whether the current Vasiliko LNG import project ...

By Stephanos Spyrou Cyprus is one of Europe’s smallest nations, but for six months this year it held the gavel for the whole European Union, and used the closing ...

Here are the top business stories in Cyprus from the week starting July 6: As Cyprus’ property and construction sectors continue to expand in 2026, the country’s real estate market stands ...

Seasonally adjusted services production rose by 0.7 per cent in the euro area and 0.3 per cent in the European Union during April 2026, according to Eurostat. This increase follows growth recorded in ...

By Kate Miroshnichenko Objectives and Key Results (OKRs) are a popular, collaborative goal-setting framework, popularised by leading businesses across the world. The trouble is that the OKR framework isn’t ...

Apple (AAPL.O) plans to spend more than $30 ​billion under a multi-year chip supply deal with Broadcom, bolstering ‌its US sourcing as President Donald Trump’s administration pushes to expand ...

Activity in Britain’s dominant services sector contracted for a second month running in June and by the most since early 2023 as the fallout from the Iran ​war continued to ...

Fiscal council member Marios Clerides on Saturday said that Cyprus’ markets require “ethical banking”, as he weighed in on the prospect of a new cooperative bank being opened on the ...

Cyprus has joined the second phase of the European Tech Champions Initiative (ETCI 2.0), a new European investment programme aiming to mobilise €80 billion to support more than 1,500 fast-growing technology companies across ...

A team of teenagers from Limassol has secured third place in Europe after transforming an ordinary lip gloss into a discreet tool designed to help women detect potentially harmful substances ...

The Bank of England said this week that artificial intelligence poses a growing threat to financial stability, as investors bet heavily it will prove ​a success while the technology increases ...

OpenAI has publicly launched GPT-5.6, its most advanced AI model, following a delay last month prompted by US government requests over heightened national security concerns about the potential misuse of ...

Renault Group (RENA.PA) is achieving better margins on its compact electric R5 than ​larger models like the Megane or Scenic, ‌CEO Francois Provost told French business daily Les Echos ...

Britain’s construction sector contracted sharply again in June, though the downturn eased ​slightly from May’s six-year low as commercial ‌building weakened less, a business survey showed this week. ...

The International Monetary Fund (IMF) announced this week a downward revision of its 2026 global economic growth forecast compared to its April projections, citing the ongoing war in Iran. The fund ...

The Turkish government and the Turkish Cypriot authorities on Friday signed a memorandum of understanding which foresees the construction of a natural gas pipeline between Turkey and Cyprus. According to ...

The European Securities and Markets Authority (ESMA) has launched a public consultation, active until August 12, 2026, to gather feedback on proposed revisions to the Disclosures Delegated Act (DDA) under the European ...

British low-cost airline easyJet accepted an improved takeover proposal from US private equity firm Apollo on Friday, triggering a bidding battle after the new £5.7 billion offer surpassed a rival proposal ...

MHV Mediterranean Hospitality Venture Plc held its annual general meeting (AGM) on Friday, securing a full turnout of its share capital. The company confirmed that the meeting saw participation either ...

Lordos United Public Ltd announced on Friday that it has signed an agreement to acquire a 51 per cent controlling stake in P&S Carton Industries Ltd for €8.16 million in ...

INVITATION TO TENDER Petrolina (Holdings) Public Limited (PHL) and eWise Cyprus Ltd announce the launch of a formal, competitive Invitation to Tender for the proposed sale of a portfolio of ...

Eurostat figures released on Friday showed that employment in Cyprus’ cultural sector reached 4.3 per cent of total employment in 2025, matching the European Union average. The data showed that approximately 21,900 people ...

The Central Bank of Cyprus (CBC) on Friday issued an open invitation for tenders regarding the minting, packaging and delivery of gold and silver collector coins. This procurement process, officially ...

Cyprus has just recorded the strongest half-year in the history of its property market. Between January and June, buyers deposited 10,007 contracts of sale at District Land Offices — 14.6% more than a ...