#business

Oil prices rose 1 per cent on Thursday, bolstered by signs of strong demand in the United States, with uncertainty over efforts to end the war in Ukraine also lending support. ...

The Eratosthenes Centre of Excellence (CoE) this week announced the launch of Space BIC, a specialised business incubation centre to support space-based entrepreneurship in Cyprus. According to the announcement, the ...

Cypriots rated their satisfaction with their financial situation at 6.4 out of 10 in 2022, up from 5.2 in 2013 and 6.1 in 2018, according to figures from Eurostat released on Thursday. The figure leaves Cyprus just ...

The Cyprus Shipping Deputy Ministry  has announced the launch of the Cyprus Shipping 1-stop-shop Portal (CYSh1P), a new digital platform designed to centralise and streamline all maritime services offered ...

Hotel bookings in Paphos have slowed sharply as recent wildfires have unsettled travellers, according to Evripides Loizides, president of the Paphos hoteliers association. Speaking to the Cyprus News Agency (CNA), ...

The Eastern Mediterranean has the potential to become a significant hub for the production and export of hydrogen, according to a recent mathematical forecasting study by Frederick University’s H2...

Cyprus issued more than 500 Digital Nomad Visas in the past four years, as the government seeks to reposition the island as a hub for remote workers and part of its ...

Cyprus’ outdated property law allows nationals of third countries to acquire real estate, even as individuals, with little oversight, according to a recent response from the Interior Ministry to parliament. ...

The European Union’s reliance on renewable energy in its overall energy supply is higher than the global average, according to the latest figures published by Eurostat. In 2022, renewables represented 18.9 ...

Amazon is plotting a big change to its Fire tablet lineup following years of escalating gripes from consumers and app developers over the company’s homegrown operating system. As part ...

Pay settlements by British private-sector employers held at 3 per cent in the three months to July and uncertainty about the economy and possible further tax increases means that cautious approach ...

Britain’s Office for National Statistics has announced that it was delaying Friday’s scheduled release of July retail sales data by two weeks, the latest in a string of ...

Oil rose on Wednesday as the American Petroleum Institute reported a drop in US crude inventories and investors awaited the next steps in talks to end the Ukraine war, with ...

British inflation hit its highest in 18 months in July when it increased to 3.8 per cent from 3.6 per cent, official data showed on Wednesday, once again leaving the country with the ...

European Central Bank (ECB) president Christine Lagarde has warned that the global economy is facing a period of heightened uncertainty, while underlining the resilience of both global and euro area ...

Cyprus recorded the lowest inflation rate in the European Union in July 2025, figures by both Eurostat and the Cyprus Statistical Service (Cystat) showed on Wednesday. Specifically, the Harmonised Index of ...

The Cyprus Stock Exchange (CSE) on Wednesday announced that trading of the 13-week government bonds, 5th issuance of 2025, with the code TB13E25, will be suspended. Trading will be halted ...

Cyprus’ outdated property law allows nationals of third countries to acquire real estate, even as individuals, with little oversight, according to a recent response from the Interior Ministry to parliament.  ...

Cyprus has received more than 560 applications under its new affordable housing schemes since their launch last year, with officials saying the early response from both households and developers points to ...

Cyprus’ tourism sector is performing strongly this season, according to Cyprus Hoteliers Association (Pasyxe) director general Christos Angelides. Speaking to business outlet Economy Today, Angelides said the steady rise in ...

A wide-ranging survey on visitor satisfaction is currently being carried out in Paphos, with the aim of identifying areas of improvement. The initiative is organised by the Paphos regional tourism ...

The Sustainable Development Solutions Network (SDSN) Cyprus has expressed concern over the country’s ranking of 56th out of 167 nations and last in the European Union in the 2025 Sustainable Development ...

Tourist arrivals in Cyprus rose by 6.9 per cent in July, with well over half a million visitors being recorded, according to figures released on Tuesday by the state statistical service. ...

Cyprus is making impactful progress in developing a high-performance computing, chip and quantum cluster, following a recent meeting between Chief Scientist Demetris Skourides and Phystech Technologies founder and CEO Yuri ...