#business

Fatalities resulting from railway accidents across the European Union dropped by 10.8 per cent in 2024 compared with the previous year, falling to 750 from 841 deaths, according to new data released by Eurostat ...

Here are the top business stories in Cyprus from the week starting December 15: Eurogate Limassol is preparing to expand storage capacity at its Container Terminal by demolishing one of two ...

The euro area recorded a trade in goods surplus of €18.40 billion with the rest of the world in October 2025, according to Eurostat. This is significantly higher than the €7.10 billion surplus ...

Garanti Bank (GARAN.IS) expects another tough year for Turkish lenders in 2026, with growth likely to remain constrained as authorities keep most credit restrictions in place to tame inflation, CEO ...

By Ioannis Tirkides The Cypriot tax system, which was designed almost a quarter of a century ago, in 2002, is facing problems of ageing. Although it was originally designed to be ...

Alpha Bank S.A. announced on Friday that it has agreed key commercial and legal terms for a strategic combination of insurance activities in Cyprus, aiming to create one of ...

Saudi Arabia’s annual inflation rate fell moderately to 1.9 per cent in November from 2.2 per cent October, according to government data. Inflation based on the consumer price index has hovered ...

British regulator the Financial Conduct Authority (FCA) launched a wide-ranging consultation on a range of proposed rules for the crypto industry this week, shortly after the government said the industry ...

Appetite for Israeli technology innovation has remained undiminished this year, with a surge in acquisitions and IPOs led by Alphabet’s (GOOGL.O) $32 billion purchase of Israeli cybersecurity company Wiz, ...

S&P Global Ratings on Thursday revised the outlook of the Bank of Cyprus to positive from stable in Cyprus, citing lower economic risk for banks operating in the ...

The Central Bank of Cyprus (CBC) has announced that all banks across the country will close on specific public holidays to mark the Christmas and New Year period. The announcement ...

Medical supply giant Medline’s (MDLN.O) shares rose 41 per cent above their offer price in their hotly anticipated New York debut on Wednesday, rounding out a strong year for ...

Cyprus passport shines for mobility, tax and personal freedoms, outperforming the UK and US The Cyprus passport has been ranked fifth worldwide in the Nomad Passport Index 2026, highlighting the island’...

The Cyprus Securities and Exchange Commission (CySEC) on Friday launched a public consultation on a new directive setting out how crypto-asset service providers must submit prudential supervisory information. The aim ...

EU imports of petroleum oils fell sharply in the first nine months of 2025, while purchases of liquefied natural gas surged, reflecting a continued shift in the bloc’s energy mix, ...

Alpha Bank S.A. announced on Friday that it has agreed key commercial and legal terms for a strategic combination of insurance activities in Cyprus, aiming to create one of ...

Cyprus is no longer a quiet player in innovation. It is now ranked among the top 25 countries in the Global Innovation Index and sits within the world’s top 40 startup ...

Limassol businesses are finding it increasingly difficult to operate as labour shortages, administrative bottlenecks and mounting payment delays begin to reinforce one another, according to the Limassol Chamber of Commerce ...

The state statistical service (Cystat) has announced a revision of Cyprus’ quarterly house price index to improve accuracy and better reflect real estate market trends, releasing an accompanying analytical report ...

Cyprus’ Commission for the Protection of Competition (CPC) has unanimously approved, subject to binding conditions, the acquisition of ExxonMobil Cyprus Limited by Petrolina (Holdings) Public Limited through Med Energywise Ltd, ...

By Michael Ioannou The most devastating burglaries today don’t require a crowbar; they require patience. We often imagine hackers as frantic typists in dark hoodies, but the modern financial ...

Electricity tariffs remain a growing concern across Europe, with the European Commission now outlining seven targeted actions aimed at easing costs for households and businesses while strengthening the competitiveness of ...

Frederick University and Electi Consulting Ltd have successfully completed the technical implementation of the DYNAMO research project, a decentralised energy management platform designed to allow smart communities in Cyprus to ...

Construction material prices showed a modest year-on-year increase in November, according to a report by the Cyprus Statistical Service (Cystat). The Price Index of Construction Materials reached 118.63 units in November 2025, ...