#business

Agricultural prices across the European Union rose again in 2025 after a brief dip, according to Eurostat, with Cyprus standing out for recording one of the slowest increases in milk prices, ...

The Cyprus Statistical Service (Cystat) has announced the launch of a new Dashboard for Short-Term Economic Indicators, aiming to give the public a clearer and more accessible overview of recent ...

Cyprus continued to increase its share of renewable energy in gross final energy consumption, according to Eurostat, highlighting steady progress on the island’s energy transition as the European Union ...

Cyprus recorded levels of actual individual consumption close to the EU average during 2024, according to Eurostat, reflecting relatively strong household material welfare compared with several other member states. Across the ...

The Cyprus Statistical Service (Cystat) has that it will introduce significant changes to the Consumer Price Index from January 2026 onwards, aiming to better reflect current consumption patterns and improve the ...

Kyndryl, a leading global provider of mission-critical enterprise technology services with a presence in Cyprus, has announced the launch of enhanced agentic AI capabilities and a unique design process.  The ...

Fatalities resulting from railway accidents across the European Union dropped by 10.8 per cent in 2024 compared with the previous year, falling to 750 from 841 deaths, according to new data released by Eurostat ...

Here are the top business stories in Cyprus from the week starting December 15: Eurogate Limassol is preparing to expand storage capacity at its Container Terminal by demolishing one of two ...

The euro area recorded a trade in goods surplus of €18.40 billion with the rest of the world in October 2025, according to Eurostat. This is significantly higher than the €7.10 billion surplus ...

Garanti Bank (GARAN.IS) expects another tough year for Turkish lenders in 2026, with growth likely to remain constrained as authorities keep most credit restrictions in place to tame inflation, CEO ...

By Ioannis Tirkides The Cypriot tax system, which was designed almost a quarter of a century ago, in 2002, is facing problems of ageing. Although it was originally designed to be ...

Alpha Bank S.A. announced on Friday that it has agreed key commercial and legal terms for a strategic combination of insurance activities in Cyprus, aiming to create one of ...

Saudi Arabia’s annual inflation rate fell moderately to 1.9 per cent in November from 2.2 per cent October, according to government data. Inflation based on the consumer price index has hovered ...

British regulator the Financial Conduct Authority (FCA) launched a wide-ranging consultation on a range of proposed rules for the crypto industry this week, shortly after the government said the industry ...

Appetite for Israeli technology innovation has remained undiminished this year, with a surge in acquisitions and IPOs led by Alphabet’s (GOOGL.O) $32 billion purchase of Israeli cybersecurity company Wiz, ...

S&P Global Ratings on Thursday revised the outlook of the Bank of Cyprus to positive from stable in Cyprus, citing lower economic risk for banks operating in the ...

The Central Bank of Cyprus (CBC) has announced that all banks across the country will close on specific public holidays to mark the Christmas and New Year period. The announcement ...

Medical supply giant Medline’s (MDLN.O) shares rose 41 per cent above their offer price in their hotly anticipated New York debut on Wednesday, rounding out a strong year for ...

Cyprus passport shines for mobility, tax and personal freedoms, outperforming the UK and US The Cyprus passport has been ranked fifth worldwide in the Nomad Passport Index 2026, highlighting the island’...

The Cyprus Securities and Exchange Commission (CySEC) on Friday launched a public consultation on a new directive setting out how crypto-asset service providers must submit prudential supervisory information. The aim ...

EU imports of petroleum oils fell sharply in the first nine months of 2025, while purchases of liquefied natural gas surged, reflecting a continued shift in the bloc’s energy mix, ...

Alpha Bank S.A. announced on Friday that it has agreed key commercial and legal terms for a strategic combination of insurance activities in Cyprus, aiming to create one of ...

Cyprus is no longer a quiet player in innovation. It is now ranked among the top 25 countries in the Global Innovation Index and sits within the world’s top 40 startup ...

Limassol businesses are finding it increasingly difficult to operate as labour shortages, administrative bottlenecks and mounting payment delays begin to reinforce one another, according to the Limassol Chamber of Commerce ...