#business

The European Central Bank (ECB) this week unveiled the accessibility features planned for the digital euro app, saying the platform will exceed European Union accessibility standards ahead of pilot testing ...

Here are the top business stories in Cyprus from the week starting July 27: Cyprus’ petroleum product sales fell sharply in June, according to figures by the state statistical service (Cystat), ...

My television has one job. It plays Netflix while I scroll through my phone and fail to pay proper attention to either screen. Until recently, I thought this was the ...

Cyprus may be worrying about the wrong labour crisis. The familiar fear is that artificial intelligence will leave people without jobs. The more immediate danger is that the island will ...

Family-owned food companies are stocking up on US snack companies, which are warming to the idea of private backers – many of them overseas – that can ​help them weather the storm ...

The British public’s expectations for future inflation continued to fall in July, ​according to a survey from US bank Citi ‌and pollsters YouGov. Expectations for inflation ​in five or ...

The Central Bank of Cyprus (CBC) has set the reference interest rate at 11.32 per cent under Article 314A of the Criminal Code Law (Cap. 154). The central bank said the reference ...

I never bought an Oura Ring. I did not need to. My Samsung was already in my handbag, quietly keeping score.  I cannot remember the exact moment I began checking ...

The Central Bank of Cyprus (CBC) on Friday published a new Economic Brief examining how the European Central Bank’s (ECB) recent monetary policy cycle reshaped the composition of bank ...

By Ioannis Sidiropoulos Artificial intelligence is rapidly becoming a macroeconomic variable rather than merely a technological innovation. While early discussions centred on firm-level productivity and automation, the next five years ...

Freight transport on European Union inland waterways reached 118.0 billion tonne-kilometres in 2025, marking a three per cent decrease equivalent to minus 3.7 billion tonne-kilometres compared with 2024, according to Eurostat. Between 2015 and 2017, freight ...

Total road freight transport across the European Union reached 1,886 billion tonne-kilometres in 2025, marking an increase of 0.9 per cent compared with the previous year, according to a report from Eurostat. In ...

PayPal doubled down on its turnaround ​plan earlier this week, raising its 2026 profit forecast and outlining cost-saving steps, as it looks to convince investors that it ‌is worth more than ...

By Konstantina Logotheti There are moments that stay with us forever. Moments when a single sound, a single word, or a single smile is enough to make time stand still. ...

Eurobank on Friday reported €738 million in net profit for the first half of 2026, with its Cyprus operations contributing €231 million as the group raised its full-year outlook following stronger-than-expected performance. Adjusted ...

The Central Bank of Cyprus (CBC) on Friday highlighted the results of the European Central Bank’s (ECB) thematic reverse stress test on geopolitical risks, which assessed how 110 euro area ...

Annual consumer inflation in Cyprus stood at an estimated 4 per cent in July 2026, according to preliminary data released by Eurostat on Friday. This headline figure reflects a slight cooling from ...

The Cyprus Statistical Service (Cystat) on Friday reported that the Index of Industrial Output Prices recorded an annual increase of 2.3 per cent in June 2026. The index reached 125.8 units during the ...

Household financial assets reach €65.30bn, central bank reports The Central Bank of Cyprus (CBC) on Friday published its Quarterly Financial Accounts for the reporting period ending in March 2026, providing an ...

Cyprus fiscal surplus reaches 1.1 per cent of GDP Cyprus recorded a general government fiscal surplus of €420.30 million in the first six months of 2026, equivalent to 1.1 per cent of GDP, according ...

The total number of automated teller machines (ATMs) across Cyprus fell slightly from 398 at the end of the second half of 2024 to 396 at the end of the second half of 2025, ...

Vassiliko Cement Works Public Company Ltd on Friday reported a first-half profit of €23.23 million, up from €19.51 million a year earlier, as stronger domestic cement sales and improved clinker export prices ...

The Central Bank of Cyprus (CBC) will overhaul the licensing process for electronic money institutions and payment institutions from August 3, 2026, introducing a new pre-application stage, higher fees and tougher scrutiny ...

ECB policy cycle reshaped Cyprus’ lending landscape, CBC says The Central Bank of Cyprus (CBC) on Friday published a new Economic Brief examining how the European Central Bank’s (ECB) ...