#business

Oil prices fell over 1 per cent on Tuesday as OPEC+’s decision to pause output hikes in the first quarter next year along with weak manufacturing data and a stronger ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Tuesday warned that the Eurozone economy remains weak and risks falling behind its global competitors unless it moves decisively towards deeper ...

Demetra Holdings Plc announced today that it proceeded with a buyback of its own shares on Monday, November 3, purchasing a total of 8,000 shares in the market. The purchase was executed ...

Cyprus has so far received €568 million from the European Union’s Recovery and Resilience Facility (RRF), with the next disbursement expected soon, according to Finance Minister Makis Keravnos. Speaking during ...

Woolworth (Cyprus) Properties PLC recorded a net loss after taxation of €4,870,389 for the year 2024, a major reversal from the profit posted in the previous year, according to audited financial statements ...

Petrolina (Holdings) Public Ltd announced on Tuesday that it has completed the payment of an interim dividend for the year 2025, while also setting a date for a board meeting to ...

The Cyprus Investment Funds Association (CIFA) on Tuesday released a statement recapping the 11th Cyprus International Funds Summit & Expo, including the robust discussions that took place, as well as ...

Eurobank on Tuesday announced its active participation in Radiomarathon 2025 this October, reaffirming its commitment to supporting children with special needs and promoting inclusion across Cyprus. “With steadfast dedication to the ...

Eurobank Limited, the new entity formed through the merger of Eurobank Cyprus and Hellenic Bank, is redefining Cyprus’ financial landscape while strengthening the island’s role as a key regional ...

The tax-to-GDP ratio in Cyprus saw a slight increase in 2024, rising to 37.6 per cent from 37.5 per cent in 2023, according to data on taxation published by Eurostat. The overall tax-to-GDP ratio, ...

New loan volumes recorded a sharp increase in September 2025, according to statistics on interest rates applied by monetary financial institutions (MFIs) in Cyprus released by the Central Bank of Cyprus (...

Euro area annual inflation is expected to have reached 2.1 per cent in October 2025, a slight decrease from the 2.2 per cent recorded in September, according to a flash estimate from Eurostat. ...

Alpha Bank on Monday announced that it has completed the acquisition of substantially all assets and liabilities of AstroBank Public Company Ltd. This has resulted in the creation of Cyprus’ ...

The European Banking Authority (EBA) has launched a public consultation on new guidelines concerning the authorisation of third-country branches (TCBs) under the Capital Requirements Directive (CRD). The consultation represents a ...

The Central Bank of Cyprus (CBC) has announced that the reference interest rate used to define the criminal offence of usury has been set at 11.84 per cent. The determination of ...

OPEC+ has agreed a small oil output increase for December and a pause in increases in the first quarter of next year as the producers’ group moderates plans to regain ...

The UK High Commission, in collaboration with the Deputy Ministry of Tourism, is organising a high-level conference entitled “Safeguarding Cyprus’s Tourism Industry”, which will take place on Wednesday, November 26, 2025, ...

Turkish inflation eased to 32.87 per cent annually and to 2.55 per cent monthly in October, both below expectations, according to official data on Monday that could reinforce the central bank’s ...

The risk of poverty among people who are employed remains a persistent issue across the European Union, with new Eurostat figures showing that 8.2 per cent of workers aged 18 or over ...

Cyprus retail trade rose sharply in September 2025, lifted by higher consumer spending across most categories, according to figures released on Monday by the Statistical Service (Cystat). The Turnover Value Index ...

Ryanair (RYA.I) reported six-month post-tax profit above expectations on Monday and nudged up its passenger traffic forecast after earlier than expected Boeing (BA.N) deliveries and strong first-half demand. ...

Cypriot beverage maker KEO plc‘s board of directors has decided to pay an interim dividend to its shareholders. According to an announcement following a board meeting, the total amount ...

Wellington Management Group LLP has reduced its voting rights in the Bank of Cyprus Holdings Public Limited Company to below the 5 per cent disclosure threshold, according to a regulatory filing. ...

Alpha Bank on Monday announced that it has completed the acquisition of substantially all assets and liabilities of AstroBank Public Company Ltd. This has resulted in the creation of Cyprus’ ...