#business

Elon Musk has announced that his artificial intelligence startup xAI has bought a third building to expand its infrastructure, aiming to boost training capacity to nearly 2 gigawatts of compute power. ...

The Cyprus Chamber of Commerce and Industry (Keve) welcomed Cyprus’ assumption of the Presidency of the Council of the European Union on January 1. In its statement, Keve explained that the ...

The Central Bank of Cyprus (CBC) on Friday reported that bank deposits and loans increased in Cyprus in November 2025, reflecting continued growth in household savings and credit despite a slowdown ...

Cyprus’ retail trade continued to expand in November 2025, supported by solid consumer demand across most categories, according to figures released on Friday by the Statistical Service (Cystat). The Turnover Value ...

Cyprus’ revamped tax framework for businesses and individuals took effect on January 1, 2026, following the passage of the government’s tax reform package by parliament late last month. The House plenary ...

Employers across Cyprus have until January 16, 2026 to express interest in hosting students from the second grade of lyceum as part of the reintroduced work week (job shadowing) during the 2025–2026 school ...

More than 100,000 people are expected to take part in multi-company training programmes approved by the Cyprus Human Resources Development Authority (Anad), which will be rolled out by vocational training centres ...

Cyprus was the leading EU base for firms providing cross-border investment services to retail clients during 2024, according to the European Securities and Markets Authority (ESMA). This followed an analysis of ...

The European Central Bank has warned that weakening central bank independence risks undermining price stability, as new research reviewing 50 years of global data showed that independent central banks are consistently ...

The Cyprus Chamber of Commerce and Industry (Keve) has announced an intensive educational seminar titled From Salesperson to Sales Consultant: Creating Added Value for Every Customer. The seminar will take ...

Cyprus’ Index of Industrial Output Prices remained stable year on year in November 2025, according to a report from the state statistical service (Cystat). The index reached 122.1 units in November 2025, based ...

The European Commission has published updated guidelines detailing the next phase of the European Union‘s comprehensive ban on Russian diamonds. According to the commission, the aim is to further ...

A major overhaul of the Cyprus tax system is set to take effect from the 2026 tax year, fundamentally reshaping the assessment and collection procedures for citizens and businesses while mandating ...

Nicosia’s hotels are fully prepared to host the influx of delegates expected to arrive in Cyprus for the country’s Presidency of the Council of the European Union, with ...

As a new year begins, a look back at the most read Cyprus Mail business stories between January and November 2025 shows what most captured public attention during a year marked ...

Cyprus is preparing to roll out a broad package of tourism actions in 2026, backed by a €74.6 million budget that places sustainability, destination resilience and community benefit at the centre of ...

Sustainable aviation fuel (SAF) production is expected to have doubled in 2025 but will continue to account for less than one per cent of global jet fuel consumption, according to new ...

Cyprus’ tourism revenue rose strongly in October 2025 and across the first ten months of the year, reflecting higher overall earnings despite lower average spending per visitor, according to a report ...

Cyprus’ tourism revenue rose strongly in October 2025 and across the first ten months of the year, reflecting higher overall earnings despite lower average spending per visitor, according to a report ...

The European Securities and Markets Authority (ESMA) recently published the latest edition of its Spotlight on Markets newsletter, outlining key regulatory developments across the European Union aimed at strengthening market ...

Cyprus sharply increased its fireworks imports in 2024, according to Eurostat, with overall EU purchases from non-EU countries rising in both volume and value during this time, highlighting growing demand across ...

Bulgarian banks, businesses and shoppers were preparing this week to say goodbye to the lev currency ahead of a move to adopt the euro on January 1, a long-awaited milestone met ...

The Bank of Cyprus on Wednesday warned the public about scammers potentially trying to defraud its clients, after detecting multiple fake social media profiles impersonating its chief executive officer. The ...

Strong growth figures in Cyprus are not filtering through to lower income groups, largely because of structural shortcomings that have yet to be properly addressed, according to Paphos Chamber of ...