#business

There are no plans at present to impose water supply cuts on hotel units or industrial facilities, either in Limassol or nationwide, the director of the Water Development Department (WDD), ...

Cyprus has recorded a 23.2 per cent reduction in its net domestic energy use intensity over the last decade, according to Eurostat. The figures show that the EU economy used 56.1 million ...

Airports and airlines warned the European Commission that the rollout of the Schengen Entry/Exit System (EES) is already causing significant delays at border control, with waiting times reaching up ...

Cyprus’ tax reform has revised rates and deductions and also substantially raised financial penalties, with the changes entering into force on January 1. According to Philenews, the objective is to make ...

Industrial producer prices for energy in the domestic market across the European Union fell by 1.3 per cent in December 2025 compared with the previous month, according to Eurostat. These figures represent ...

Publisher Digital Vortex Entertainment, part of Utmost Games, has announced the acquisition of Bylina, an action-adventure title by Far Far Games, and released its first playable demo. Utmost Games is ...

Last year, Eirini Syntihaki was renting an apartment she loved in central Athens near friends, work and the city’s many streetside cafes. Then a few months ago, her flatmate ...

Aegean Airlines will resume flights between Paphos and Athens, adding three weekly services from July 3, 2026, according to an announcement by the Paphos regional tourism board (Etap). The decision was discussed ...

The Cyprus Chamber of Commerce and Industry (Keve) on Thursday released a statement outlining its position against the proposed imposition of additional taxation on banks, arguing that such a measure ...

Eurobank took part in the Money Conference 2026 as a platinum sponsor this week, contributing to discussions on global economic developments and the evolving landscape of alternative investments. Held under the ...

Cyprus’ tax reform has revised rates and deductions and also substantially raised financial penalties, with the changes entering into force on January 1. According to Philenews, the objective is to make ...

A new strategic partnership is set to upgrade the private travel experience within Greece, as Zela Jet, owned by Cypriot entrepreneur Andreas Christodoulides, announces its collaboration with Fly Cycladic, one ...

President Nikos Christodoulides has referred back to parliament the law allowing hotels and tourist accommodation to operate for up to five years under a special permit, citing violations of the ...

The Central Bank of Cyprus (CBC) has reported an increased degree of convergence between the average interest rates of Cyprus credit institutions and those of the eurozone for both deposits ...

The European Central Bank (ECB) has published its latest wage tracker data showing that negotiated wage growth in the euro area is set to moderate in 2026, signalling easing pay pressures ...

Limassol Greens is entering a new phase of expansion in 2026, following a milestone year that saw the delivery of homes and the full launch of its golf course, confirming its ...

Chief Scientist Demetris Skourides participated in the EU-India Forum in New Delhi on February 6-7, in efforts to strengthen Cyprus’ positioning within the evolving EU-India Innovation and Technology Partnership. Skourides ...

The forex market requires strong emphasis on investor protection, proper information and cultivation of financial literacy, Finance Minister Makis Keravnos said on Wednesday. At the same time, Cyprus Securities and ...

Manufacturing labourers recorded the largest increase in job vacancy rates in the EU between 2019 and 2023, according to Eurostat, signalling growing recruitment difficulties in that occupation. The figures, which compare developments ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a new circular requiring certain Cyprus Investment Firms (CIFs) to complete a new electronic cross-border reporting form covering their 2025 activities across ...

The Deputy Ministry of Tourism has confirmed the launch of regular direct flights between Kazakhstan and Cyprus, strengthening the island’s air connectivity with key international markets. The ministry described ...

The forex market requires strong emphasis on investor protection, proper information and cultivation of financial literacy, Finance Minister Makis Keravnos said on Wednesday. At the same time, Cyprus Securities and ...

Cyprus’ banking sector recovery after the 2013 crisis reflects “the coherent and consistent functioning of two essential pillars, banks’ commitment to act and supervisors’ firm oversight,” said George Ioannou, member of ...

Cyprus represents a mature and reliable choice for investors seeking access to the European Union, institutional security, and prospects for long-term returns, according to Cyprus Chamber of Commerce and Industry (...