#business

The council of ministers this week approved a proposal by the interior minister to grant funding of €2.1 million to community clusters across Cyprus for urgent works to clear abandoned agricultural ...

Industrial turnover in Cyprus rose by 4.5 per cent in the first half of 2025 compared with the same period in 2024, according to the Cyprus Statistical Service (Cystat). In June 2025, the industrial ...

Passenger traffic at Athens International Airport in August 2025 reached 3.88 million, marking an increase of 6.7 per cent compared with August 2024. Both domestic and international passenger traffic rose during the month. Domestic ...

Budget carrier Wizz Air on Friday announced that it will resume flights from Larnaca to Abu Dhabi starting November 15, 2025. “We are delighted to bring our flights back to Abu Dhabi,” ...

Tesla’s (TSLA.O) board has proposed a $1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk ...

US job growth weakened sharply in August while the unemployment rate increased to 4.3 per cent, confirming that labour market conditions were softening and sealing the case for an interest rate ...

The insurance association of Cyprus (Saek) has pledged to contribute constructively to the public dialogue on the country’s forthcoming tax reform. The association also focused on the specific characteristics ...

Employment in Cyprus rose by 1.8 per cent in the second quarter of 2025 compared to the same period in 2024.  According to provisional estimates released by the Statistical Service (Cystat) on Friday, ...

Accountant general Andreas Antoniades told the House public expenditure committee this week that the treasury plans to introduce accrual accounting for revenues and expenses, on an unofficial basis, for the ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced the withdrawal of a Cyprus Investment Firm licence, as well as the termination of membership in the Investors Compensation Fund (...

The Bank of Cyprus (BoC) has not yet made a decision on whether to establish a representative office in Greece, it emerged on Friday. According to a report by Philenews, ...

Demetra Holdings Plc on Friday announced that it completed yet another repurchase of its own shares. According to the announcement, the transaction was in line with the relevant regulations of ...

Hellenic Bank and Eurobank Cyprus this week announced that a unified schedule of rights and charges will take effect in Cyprus from November 3, 2025, as part of their ongoing merger, aiming ...

Industrial producer prices in Cyprus fell by 0.2 per cent in July 2025 compared with June 2025, according to figures released by Eurostat. On an annual basis, Cyprus recorded a decrease of 1.2 per ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced a new policy statement setting out the fees that financial entities must pay under the European Union’s Digital Operational ...

The Cyprus Development Bank (CDB bank) on Thursday issued a clarification regarding media reports suggesting that the company may be the subject of an acquisition. “There is nothing specific to ...

Most Greeks struggle to build financial resilience, with more than half regularly running out of money before the end of the month, according to a new survey by fintech app ...

The statistical service has released the latest figures for road freight transport in Cyprus for the first quarter of 2025. During the period January to March 2025, the total weight of goods ...

Etek, Cyprus’ scientific and technical chamber is implementing its participatory budget for a fifth consecutive year, allocating €100,000 in the 2025 budget to fund projects and actions proposed by its members. Each ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday welcomed the introduction of financial literacy in primary and secondary schools, calling it an essential step for the country’s ...

The Cyprus Development Bank (CDB bank) on Thursday issued a clarification regarding media reports suggesting that the company may be the subject of an acquisition. “There is nothing specific to ...

Non-profit organisation TechIsland on Thursday announced that it has distributed 615 air purifiers to households in wildfire-hit villages in Cyprus, as part of the collective programme announced in July in response ...

The Cyprus competition commission on Thursday confirmed reception of a notification that Alpha Bank S.A., either directly or through Alpha Finance Investment Services S.M.S.A., intends to ...

The Cyprus Securities and Exchange Commission (CySEC) announced the dissolution and liquidation of Wanterfell Investment AIFLNP V.C.I.C. Ltd following the total redemption of its units. The fund, ...