#business

OpenAI, the company behind ChatGPT, has reached a valuation of $500 billion, following a deal in which current and former employees sold roughly $6.6 billion worth of shares, a source familiar with ...

The Cyprus Real Estate Agents Registration Council on Friday voiced strong opposition to key provisions of three draft bills currently being debated in parliament. In its statement, the council warned ...

Industrial producer prices in the euro area decreased by 0.3 per cent in August 2025 compared with July 2025, while in the EU they fell by 0.4 per cent, according to estimates from Eurostat. ...

By Maria Demertzis Europe’s reliance on the US financial infrastructure presents a strategic risk for business. US debt is still the safest asset—that on which all other assets ...

Students from three continents join CING postgraduate courses The Cyprus Institute of Neurology and Genetics (CING) welcomed its new postgraduate students earlier this month, in what it described as an ...

Tesla’s third-quarter deliveries trounced analysts’ estimates this week, as a rush to buy EVs in the US before the expiry of a popular tax credit more than offset slumping ...

Israeli high-tech companies raised $11.9 billion over the first three quarters of 2025 as the technology sector continues to thrive despite Israel’s two-year-old war against Hamas militants in Gaza. Funding was 13 ...

The Enterprise Europe Network Cyprus, whose actions on the island are coordinated by the local chamber of commerce (Keve), has informed Cypriot businesses about an important opportunity to contribute to ...

The Central Bank of Cyprus (CBC) on Friday informed the public that all banks will be closed on Tuesday, October 28, in observance of Ochi (No) Day. Ochi Day commemorates the ...

Cyprus Cement Public Company Ltd on Friday announced that its board of directors will convene on October 14, in order to discuss a possible declaration of an interim dividend from the ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday informed regulated entities that the Unit for Combating Money Laundering (Mokas) has published its strategic analysis report for 2023–2024, providing key insights ...

The Central Bank of Cyprus (CBC) on Friday alerted the public to a forged letter that was discovered bearing the bank’s insignia and logos and demanding money from a ...

The industrial turnover index in Cyprus climbed to 159.9 units in July 2025, marking an increase of 3.5 per cent compared with July 2024, according to figures released on Friday by the state statistical ...

House prices in Cyprus recorded a modest year-on-year increase of 1 per cent during the second quarter of 2025, according to preliminary estimates published by the Cyprus Statistical Service (Cystat). In addition, ...

Cyprus recorded an unemployment rate of 5.1 per cent in August 2025, higher than the 5 per cent rate seen in July and up from 4.6 per cent in August 2024, according to figures published ...

The Cyprus Stock Exchange (CSE) on Friday announced that it will organise presentations on environmental, social and governance (ESG) assessment tools, as part of its ongoing strategy to enhance sustainable ...

Delivery platforms, such as Wolt, are seen as very important by 74 per cent of Cypriot partner businesses, according to the company’s 2025 local commerce survey. The research showed that more ...

Cyprus recorded the third largest increase in the European Union for short-term rental accommodation in the second quarter of 2025, with a rise of 29 per cent compared with the same period ...

The Cyprus Real Estate Agents Registration Council on Friday voiced strong opposition to key provisions of three draft bills currently being debated in parliament. In its statement, the council warned ...

The risks to financial stability in the European Union remain elevated due to ongoing geopolitical uncertainty, according to a new report by the European Systemic Risk Board (ESRB). The ESRB ...

Cyprus retail trade recorded strong growth in August 2025, driven by higher turnover and sales volume, according a report released this week by the Cyprus Statistical Service (Cystat). The Turnover Value ...

Economic policy uncertainty in the United States has a direct impact on euro area firms’ access to financing, the European Central Bank (ECB) said in a blog post this week, ...

Inflation in Cyprus continued to decline on an annual basis for the fifth consecutive month in September, according to figures released this week by the Cyprus Statistical Service (Cystat). According ...

Finance Minister Makis Keravnos on Thursday handed over the draft state budget for 2026 amounting to €10.7 billion to House president Annita Demetriou, with the House expected to vote on it by ...