#business

Cyprus’ economy grew by 3 per cent year-on-year in the first quarter of 2026, supported by household spending, exports and activity across key services sectors, preliminary data from the Cyprus Statistical Service (...

Retail trade turnover in Cyprus continued to rise in April 2026, with both value and volume indices recording annual increases, according to a report by the Cyprus Statistical Service (Cystat). Specifically, ...

Cyprus’ tourism revenue fell sharply in March 2026, dropping by 33.8 per cent year-on-year to €85.6 million, according to a report from the Cyprus Statistical Service (Cystat). The decline compares with €129.4m recorded ...

The Cyprus consumers association showed that consumer goods prices continued to fluctuate in the second half of May, with increases recorded across 165 products in 34 product categories. The association said that ...

Safe Bulkers has started trading on the Main Market of Euronext Athens, in a move aimed at strengthening the link between Greek shipping and European capital markets. The company, which ...

The British foreign office has updated its travel advice for Cyprus, removing emergency references to regional tension that had unsettled parts of the British tourist market. The previous version of ...

Cyprus has been restored to the lowest level of US travel advice, with the state department advising American citizens to exercise normal precautions when visiting the island. According to the ...

PwC Cyprus has honoured employees who achieved top results in ACA, ACCA and university examinations, recognising their academic performance during a ceremony held at the company’s Experience Centre. The ...

A Panama-flagged MSC container ship has been damaged by a large explosion off Iraq, raising fresh concerns over the safety of commercial vessels operating in the northern Arabian Gulf as ...

Greek shipping’s global reach was brought into sharp focus at Posidonia 2026, after Nasdaq marked the opening of the international maritime exhibition in Athens with a Times Square greeting. The ...

Energy policy in Cyprus must move beyond pre-election slogans towards a coherent long-term national strategy, according to Andreas Poullikkas, professor of energy systems at Frederick University and former chairman of ...

The European Union maintained a positive trade balance during the first quarter of 2026, as goods exported to non-EU nations outpaced inbound shipments by €12.7 billion, according to data released by Eurostat. ...

Private equity buyouts propagate deeply through corporate supply chains, creating sharp performance gains for suppliers in normal times but heavy financial distress during economic downturns, according to a working paper ...

The European Central Bank (ECB) has reported that Cyprus continues to face significant data reporting weaknesses, as it published its latest biennial statistical quality review assessing euro area member states. ...

The collapse of a building in Limassol, which claimed the lives of two people, has exposed “in the most tragic way” the serious and long-standing weaknesses in Cyprus’ framework for ...

FuelEU compliance has moved beyond regulation to become a commercial optimisation challenge for the shipping industry, according to integrated emissions management service EmissionLink. The company made the point after completing ...

OpenAI CEO Sam Altman said this week that the rapid development ‌and adoption of AI would not lead to a global “jobs apocalypse” and the technology had not claimed as ...

Here are the top business stories in Cyprus from the week starting May 25: The Cyprus Chamber of Commerce and Industry (Keve) has strengthened its institutional links with the real estate ...

British shop price inflation sped up in May on the back of disruption and ​higher energy costs caused by the Iran ‌war, according to a retail industry group which said ...

Wall Street banks are pushing the Federal Reserve behind the scenes to cement its new supervisory regime so the changes cannot easily be reversed by potential future Democratic administrations, said ...

Technology leaders and analysts at the IDC Directions 2026 conference in Beijing recently highlighted the rapid evolution of artificial intelligence, signalling a decisive shift from infrastructure development to large-scale enterprise adoption. ...

Nicolas Tsardellis elected to European bars and law societies council Renowned Cypriot lawyer and vice president of the Cyprus bar association (CBA), Nicolas Tsardellis was elected to the presidency of ...

Spain’s Consumer Rights Ministry temporarily banned so-called prediction markets Polymarket and Kalshi ​for operating in the country without a ‌gambling licence, the official state gazette showed this week. In ...

British retailers reported lower sales in May against a backdrop of weak demand, but not the record downturn they had reported a month earlier, ​according to figures released by the ...