#business

Large US multinationals should soon start showing the positive effects of the dollar’s tumble in recent months, reversing the situation in the past few years when the greenback’s ...

Heightened geopolitical instability and mounting global debt levels represent key risks to Cyprus’ financial stability, according to the Central Bank of Cyprus (CBC). The CBC published its 2024 Financial Stability Report (...

US President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries. Trump has set a baseline tariff of 10 per cent ...

Britain’s financial regulator fined Barclays 42 million pounds ($56 million) on Wednesday for failing to evaluate money laundering risks while providing services to its clients Stunt & Co and WealthTek. The ...

Britain’s annual rate of consumer price inflation unexpectedly rose to its highest in over a year at 3.6 per cent in June, official figures showed on Wednesday, slightly dampening expectations ...

Heightened geopolitical instability and mounting global debt levels represent key risks to Cyprus’ financial stability, according to the Central Bank of Cyprus (CBC). The CBC published its 2024 Financial Stability Report (...

The Cypriot banking sector experienced a decline in profitability, an increase in total assets, and a further strengthening of capital adequacy, according to a report from the Central Bank of ...

The Cyprus Chamber of Commerce and Industry (Keve) and the Cyprus Space Exploration Organisation (CSEO) signed a Memorandum of Understanding (MoU) on Wednesday, to strengthen innovation and link the space ...

SSH Solar Finance Plc on Wednesday announced that it will pay interest to bondholders for the period from January 31, 2025 to July 31, 2025, relating to its listed green bonds. The annual interest ...

The European Union has imposed new sanctions on nine individuals and six entities for their involvement in destabilising actions linked to Russia, including campaigns of foreign information manipulation and interference. ...

Cyprus’ industrial production showed no change in May 2025, compared with the same month a year earlier, according to Eurostat, the statistical office of the European Union. This followed sustained growth ...

Demetra Holdings Plc on Wednesday published its investment portfolio report for the second quarter of 2025, revealing a total asset value of €528.64 million as of June 30, 2025. According to the report, cash ...

The Wellington Management Group has reduced its stake in Bank of Cyprus Holdings Public Limited Company, falling just under the 4 per cent threshold, according to a filing submitted to the ...

Cyprus has been classed as a moderate innovator in the European Innovation Scoreboard (EIS) 2025, recording a 17.6 per cent improvement since 2018, the fourth highest growth in the EU over the past ...

European Central Bank supervisors are focusing on issues ranging from tariffs to cyber attacks and a possible dollar shortage as they assess potential risks to the region’s banking industry, ...

The Ygia Group this week announced that it has completed the acquisition of Eden Medical Center, making it the largest private provider of inpatient care in Cyprus, with more than 270 ...

Road freight transport across the European Union remained steady in 2024, reaching a total annual volume of 1 869 billion tonne-kilometres. This marked a slight increase from 1 857 billion in 2023, amounting to a marginal ...

The Appeals Court has ruled in favour of the Central Bank of Cyprus (CBC) in a case concerning the non-retroactive payment of salary increments to two of its employees, overturning ...

The construction sector in Cyprus recorded robust growth in 2023, with value added rising by 9.4 per cent compared to 2022, according to the results of a survey released on Tuesday by the ...

Limassol continues to dominate the Cyprus rental market with the highest average asking rent at €3,057 per month in July 2025, while Larnaca offers the most affordable options at €1,277, according to a ...

The Research and Innovation Foundation (RIF) has opened nominations for the 2025 Cyprus Research Awards, marking the 18th consecutive year of honouring young and distinguished scientists in Cyprus.   The awards aim ...

Cyprus-based game developer and publisher GDEV was included in the latest Drake Star Global Gaming Report for the second quarter of 2025, with valuation metrics that signal stability and strong fundamentals ...

Thanos Michaelides, president of the hoteliers association (Pasyxe), called for a stronger push into new tourism markets, as the United Kingdom, Israel and Poland together accounted for 53 per cent of ...

The labour dispute in Cyprus’ hotel industry may take a decisive turn today, as employers and unions remain at odds over the collective agreement signed in December 2024. The two sides ...