#business

Cyprus’ annual inflation rate remained at 5.2 per cent in September, according to a flash estimate by Eurostat, leaving the country among the member states with the highest inflation rates as ...

Cyprus tourism revenue rose by 4.6 per cent year-on-year in July to €536.5 million, according to the Cyprus Statistical Service (Cystat), as the sector recorded higher visitor spending during a summer season ...

Low-cost airline Wizz Air launched its new Larnaca-Madrid route in September as part of its wider effort to expand its Cyprus network, with network director Andras Szabo saying the airline ...

MHV Mediterranean Hospitality Venture Plc on Friday reported a net loss of €5.07 million for the six months to June 30, 2026, narrowing significantly from a €10.22 million loss in the corresponding period of 2025, ...

Genikes Insurance on Friday announced that it has renewed its support for the Cyprus Fire Service this year by providing electrolytes, energy bars and operational equipment to help personnel during ...

Cypriot investment firm Demetra Holdings Plc warned on Friday that its nine-month profit for 2026 is expected to be lower than in the corresponding period of 2025, mainly because of losses from ...

DCO Secretary-General Deemah AlYahya has been appointed to a United Nations high-level panel examining freedom of transit for landlocked developing countries, the UN has announced. UN Secretary-General António Guterres ...

Cyprus house prices rose 7.9 per cent year-on-year in the second quarter of 2026, significantly faster than the EU average, according to both Eurostat and Cyprus Statistical Service (Cystat) data, reflecting renewed ...

Cyprus company develops software layer for Europe’s quantum ambitions Superpositions Studio is building a quantum computing software platform from Limassol, aiming to help businesses determine whether the rapidly developing ...

Cyprus recorded 9,152 new enterprises in 2024, while 5,566 businesses closed, according to Eurostat data showing that new business creation outpaced enterprise deaths on the island during the year. The figures gave Cyprus ...

Cyprus’ unemployment rate rose to 4.1 per cent in August 2026, according to Eurostat data, as the jobless rate across both the European Union and euro area remained broadly stable. The Cyprus ...

Investment bank UBS has maintained a positive stance on European banks, identifying Greece as its preferred market amongst nations with heavy exposure to floating interest rates. Although global investors already ...

Companies betting AI devices will usher in a post-smartphone era are fueling privacy fears around the globe that could slow adoption of the emerging technology. The backlash against devices that ...

Long Volkswagen’s most reliable profit driver, luxury sports car maker Porsche (P911_p.DE) has become its ​biggest problem, creating a road bump for CEO Oliver Blume’s restructuring ...

The European Commission on Thursday disbursed nearly €120 million to Cyprus under the Recovery and Resilience Facility after the country satisfactorily completed a series of agreed reforms and investment targets. The ...

The Middle East crisis has sharply weakened confidence among Limassol businesses, pushing energy costs, weaker sales and economic uncertainty higher up their list of concerns, even as companies continue to ...

Shipping companies in the Eastern Mediterranean are raising their climate ambitions faster than their ability to implement them, with financial pressures, skills shortages and limited operational capacity emerging as increasingly ...

Artificial intelligence is already reproducing human biases and gender stereotypes, making the participation of women in the design and development of technology increasingly important, Gender Equality Commissioner Josie Christodoulou said ...

Global air cargo demand increased by 4.4 per cent year-on-year in August 2026, with all regions recording growth, according to figures released by the International Air Transport Association (IATA). Demand for international ...

Player protection, illegal gambling and the growing use of technology to detect harmful behaviour will take centre stage at Cyprus’ 9th Safer Gambling Conference, bringing together regulators, researchers and industry ...

Cyprus and India are seeking to deepen maritime cooperation and business links, with investment, maritime education and training among the main areas discussed at the first meeting of the Cyprus–...

Global air passenger demand fell by 0.8 per cent year-on-year in August 2026, as a sharp contraction in the Middle East weighed on overall traffic, according to figures released by the International ...

Cyprus will seek to strengthen links with Kazakhstan in artificial intelligence, digital technologies and innovation during an official visit by Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou ...

Cyprus industrial output prices rose by 4.2 per cent year-on-year in August 2026, according to figures released by the statistical service (Cystat) on Wednesday. The index reached 127.9 units, using 2021 as a base ...