Business

Cyprus Trading Corporation Plc is moving ahead with a mandatory public takeover bid for Ermes Department Stores Plc, after increasing its stake in the company through the purchase of 17.5 million ...

Cyprus used its participation in the European Maritime Skills Forum in Brussels this week to push for stronger maritime education and workforce development, as the country continues to place seafarers ...

The Council of the European Union this week approved a regulation establishing the EU talent pool, a new digital platform designed to connect non-EU jobseekers with employers across the bloc. ...

Cyprus recorded more than 3.1 million guest nights in short-term rental accommodation during the third quarter of 2025, according to Eurostat, highlighting the island’s strong performance in the growing platform-based tourism ...

Cyprus recorded a decline in unemployment in February 2026, even as joblessness in the euro area rose slightly month-on-month, according to a report from Eurostat. Specifically, the figures showed that Cyprus ...

The Markets in Crypto-Assets Regulation (MiCA) is reshaping Europe’s crypto market, while exposing new regulatory challenges, according to Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides. In an ...

Greek lender Alpha Bank has announced a sweeping transformation of its retail banking operations, introducing a new organisational model aimed at placing the customer at the centre of banking services. ...

The University of Nicosia announced this week that it will host a student event titled “Become a Merchant Navy Officer for a Day” at the BSM Maritime Training Centre at ...

The economy of the Famagusta district is coming under growing strain from the fallout of developments in the Middle East, with Paralimni-Deryneia mayor Giorgos Nikolettos warning that the new tourist ...

Index provider MSCI has confirmed that Greece will return to its developed markets index in May 2027, marking a key milestone in the country’s long recovery from its sovereign debt ...

Francois-Louis Michaud will take up his position as chair of the European Banking Authority on April 16, 2026, following his formal appointment by the Council of the European Union earlier this week. “...

International airfreight rates surged by as much as 95 per cent between February and March, as reduced cargo capacity and higher fuel prices linked to the Iran war pushed prices closer ...

Cuts to value added tax (VAT) on fuel would not comply with European Union law, the European Commission said on Wednesday, as governments across Europe attempt to combat spiking fuel ...

Tesla’s (TSLA.O) first-quarter deliveries are expected to be lower than in the December quarter as ​the electric-vehicle maker struggles with uneven demand ‌and intensifying competition in key markets. ...

A renewed threat to commercial shipping in the Red Sea and Gulf of Aden is adding to wider fears over a deepening global energy and trade shock, with separate assessments ...

Artificial intelligence is becoming more deeply embedded in both boardroom strategy and daily operations across shipping, and Island Oil Holdings chief technology officer Gregoris Gregoriou believes its real value lies ...

Cyprus’ efforts to strengthen its appeal as an international business and investment centre received backing from the Cyprus International Business Association (CIBA), whose board met President Nikos Christodoulides this week ...

As artificial intelligence becomes ubiquitous in the commercial life of Cyprus, businesses are beginning to confront the ethical questions that accompany its rapid adoption. Firms that at once embraced it ...

Europe must dismantle structural barriers and leverage cutting-edge technology to fully realise the potential of the Savings and Investment Union (SIU), according to Cyprus Securities and Exchange Commission (CySEC) Vice ...

By Dimitris Evgeniou Scroll through TikTok or Reels, and you see guys my age in rented Lamborghinis promising €10,000 a day from crypto! The captions scream ‘ESCAPE THE MATRIX’ and ‘FINANCIAL ...

Budget airline Wizz Air on April 1 announced a 20 per cent discount on selected flights to mark Cyprus National Day, offering reduced fares for travellers departing from Cyprus. The airline stated ...

The European Supervisory Authorities—a collective body comprising the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA), and the European Insurance and Occupational Pensions Authority (EIOPA)—have ...

The economy of the Famagusta district is coming under growing strain from the fallout of developments in the Middle East, with Paralimni-Deryneia mayor Giorgos Nikolettos warning that the new tourist ...

Hotel operators were awaiting details on Thursday of a government wage-subsidy scheme, with the industry looking to the labour ministry for a plan due to be announced on April 2 as ...