#business

Cyprus recorded 9,152 new enterprises in 2024, while 5,566 businesses closed, according to Eurostat data showing that new business creation outpaced enterprise deaths on the island during the year. The figures gave Cyprus ...

Cyprus company develops software layer for Europe’s quantum ambitions Superpositions Studio is building a quantum computing software platform from Limassol, aiming to help businesses determine whether the rapidly developing ...

Cyprus’ unemployment rate rose to 4.1 per cent in August 2026, according to Eurostat data, as the jobless rate across both the European Union and euro area remained broadly stable. The Cyprus ...

Investment bank UBS has maintained a positive stance on European banks, identifying Greece as its preferred market amongst nations with heavy exposure to floating interest rates. Although global investors already ...

Companies betting AI devices will usher in a post-smartphone era are fueling privacy fears around the globe that could slow adoption of the emerging technology. The backlash against devices that ...

Long Volkswagen’s most reliable profit driver, luxury sports car maker Porsche (P911_p.DE) has become its ​biggest problem, creating a road bump for CEO Oliver Blume’s restructuring ...

Cyprus house prices rose 7.9 per cent year-on-year in the second quarter of 2026, significantly faster than the EU average, according to both Eurostat and Cyprus Statistical Service (Cystat) data, reflecting renewed ...

The European Commission on Thursday disbursed nearly €120 million to Cyprus under the Recovery and Resilience Facility after the country satisfactorily completed a series of agreed reforms and investment targets. The ...

The Middle East crisis has sharply weakened confidence among Limassol businesses, pushing energy costs, weaker sales and economic uncertainty higher up their list of concerns, even as companies continue to ...

Shipping companies in the Eastern Mediterranean are raising their climate ambitions faster than their ability to implement them, with financial pressures, skills shortages and limited operational capacity emerging as increasingly ...

Artificial intelligence is already reproducing human biases and gender stereotypes, making the participation of women in the design and development of technology increasingly important, Gender Equality Commissioner Josie Christodoulou said ...

Global air cargo demand increased by 4.4 per cent year-on-year in August 2026, with all regions recording growth, according to figures released by the International Air Transport Association (IATA). Demand for international ...

Player protection, illegal gambling and the growing use of technology to detect harmful behaviour will take centre stage at Cyprus’ 9th Safer Gambling Conference, bringing together regulators, researchers and industry ...

Cyprus and India are seeking to deepen maritime cooperation and business links, with investment, maritime education and training among the main areas discussed at the first meeting of the Cyprus–...

Global air passenger demand fell by 0.8 per cent year-on-year in August 2026, as a sharp contraction in the Middle East weighed on overall traffic, according to figures released by the International ...

Cyprus will seek to strengthen links with Kazakhstan in artificial intelligence, digital technologies and innovation during an official visit by Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou ...

Cyprus industrial output prices rose by 4.2 per cent year-on-year in August 2026, according to figures released by the statistical service (Cystat) on Wednesday. The index reached 127.9 units, using 2021 as a base ...

The Central Bank of Cyprus (CBC) imposed a €750,000 fine on Banque SBA Cyprus over failures to comply with anti-money laundering and counter-terrorist financing requirements identified during an inspection carried out ...

Cyprus and India are looking to strengthen cooperation in air connectivity, infrastructure and ports, following talks between Transport Minister Evie Tsolaki and Indian High Commissioner to Cyprus Manish Manish. Manish ...

Cyprus’ house prices rose at a faster annual pace in the second quarter of 2026, while also increasing compared with the previous three-month period, preliminary figures from the statistical service (Cystat) ...

Cyprus needs closer coordination between regulators and clearer consumer safeguards as digital banking, cryptoassets and fintech increasingly blur the boundaries between financial services, industry and policy experts said at the ...

George Metzakis, CEO of Cyta, joined the board of directors of TechIsland, bringing more than 17 years of telecommunications experience across Cyprus and international markets. Metzakis assumed the role of CEO ...

Cyprus has stepped into the European debate over how shipping and ports can remain competitive while meeting increasingly demanding energy, security and decarbonisation requirements, with Shipping Deputy Minister Marina Hadjimanolis ...

The Mall of Cyprus (MC) Plc increased first-half profit by 25.5 per cent in 2026, helped by higher income from commercial space and lower finance costs, while its cash position also strengthened. ...