#business

The Energy Ministry on Monday announced an extension to the deadline for the submission of bids in the tender for the selection of a strategic investor for the creation and ...

Loans held by Cyprus’ credit acquisition companies reached €19.7 billion on June 30, 2025, according to data released on Monday by the Central Bank of Cyprus (CBC). Of the total amount, €18.5 billion were ...

Spending to tackle the risks of the climate crisis in Cyprus remains far below what is necessary, according to a statement released on Monday by Cyprus’ national Fiscal Council. The ...

The registration of hybrid and electric vehicles in Cyprus experienced a robust rise in the first eight months of 2025, according to a report released on Monday by the state statistical ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has stressed the importance of Cyprus’ active role within the Eurosystem, highlighting both the responsibilities and opportunities stemming from participation in Europe’...

The Cyprus Real Estate Agents Registration Council on Monday announced that written examinations for new candidate real estate agents will take place on November 6, 2025. According to the announcement, the exams ...

Cyprus’ airports reached record-breaking levels of passenger traffic in August, with a combined 1.8 million travellers recorded at Larnaca and Paphos. According to figures released on Monday by Hermes Airports, this ...

Leptos Calypso Hotels Public Ltd on Monday announced that its board of directors will convene on September 19, 2025. The company said that the meeting will take place in order to examine, ...

Demetra Holdings Plc on Monday announced the repurchase of 6,000 of its own shares, through a series of transactions executed on September 5, continuing its programme of share buybacks. The company said ...

The Bank of Cyprus (BoC) on Monday announced that investment firm Wellington Management Group LLP has crossed the 5 per cent threshold in voting rights, according to a TR-1 notification of ...

Cyprus recorded the third largest annual increase in gross domestic product during the second quarter of 2025, according to figures published by Eurostat. The country’s GDP rose by 3.3 per cent, ...

Year-over-year spending on artificial intelligence between 2025 and 2029 is set to grow by 31.9 per cent, according to data from the International Data Corporation (IDC). This investment, driven by the growth of ...

Smartphone shipments into Europe, excluding Russia, fell by 9 per cent to 28.7 million units in the second quarter of 2025, according to industry analysts Canalys. A restrained consumer and economic outlook is ...

Drawing on nature, researchers have developed a method to pump CO2 captured from industrial processes into volcanic rocks for safe and permanent underground storage. By Michael Allen For the first ...

The EU and Europe’s bio-based industries are tapping into the hidden potential of wood to replace fossil resources in the production of high-performance resins with a low carbon footprint. ...

US chip company Qualcomm (QCOM.O) and German luxury automaker BMW (BMWG.DE) have announced an automated driving system, which could help attract customers with new features like hands-free driving ...

Warner Bros Discovery (WBD.O) recently sued the AI photo generation company Midjourney, saying it brazenly stole the studio’s works to generate images of Batman, Superman, Wonder Woman, Bugs ...

Cyprus’ GDP is growing rapidly and banks are making big profits, but is the welfare of most people benefiting from such developments? The answer is a definite no as the ...

Here are the top business stories in Cyprus from the week starting September 1: Chief Scientist Demetris Skourides recently carried out an introductory visit to the SOZO Brain Center in Cyprus, ...

The Ministry of Energy, Commerce and Industry has announced that in 2026 it will organise national pavilions at three major international exhibitions in technology, innovation and shipping, with the aim of ...

British house prices rose 0.3 per cent in August, a third consecutive monthly increase that leaves them 2.2 per cent higher than a year earlier, figures published by mortgage lender Halifax showed ...

British retail sales rose more than expected in July, boosted by good weather and the women’s European soccer championship, but annual growth was slower than expected after extensive revisions ...

Wrap-up of business & economy stories from the day before Hellenic Bank and Eurobank Cyprus this week announced that a unified schedule of rights and charges will take effect in ...

Cyprus will host the Junior Balkan Olympiad in Informatics (jBOI) 2025, the Cyprus Computer Society (CCS) announced this week. According to the announcement, the event will take place from October 24 to ...