#business

President Nikos Christodoulides on Tuesday welcomed the European Commission’s latest economic forecast, describing it as a “clear endorsement of Cyprus’ resilience, stability and prudent policymaking”. Speaking during the opening ...

Deputy Minister for Shipping Marina Hadjimanolis on Monday called for deeper inclusion of women in the maritime industry, during the ministry’s third annual event in Limassol to mark the ...

Paphos is joining nine other European regions in the EU-backed Smart-Tour initiative to boost digital and sustainable tourism as part of its strategy to become a forward-looking destination. According to ...

The group of governments whose bonds get the highest ranking just got smaller, after the United States lost its last triple-A credit rating from Moody’s. The agency on Friday ...

Britain is to regulate buy now, pay later (BNPL) lenders from next year in a shift the government said would give shoppers stronger rights and more protections from the “wild ...

France and Germany are moving towards a joint European energy policy based on technological neutrality, marking a new phase in nuclear energy, according to Andreas Poullikkas, professor of energy systems ...

The price index for construction materials in Cyprus recorded a 1.2 per cent increase during the period from January to April 2025, compared with the same period in 2024, according to the state ...

Small Indian grocery shops and major online fashion retailers are boycotting Turkish products ranging from chocolates, coffee, jams and cosmetics to clothing amid growing anger at Turkey’s support for ...

Consumer prices in Cyprus rose by 1.4 per cent in April 2025 compared with the same month a year earlier, according to the Harmonised Index of Consumer Prices (HICP) published by the ...

Cyprus’ economy is expected to continue growing at a robust pace in 2025 and 2026, according to the European Commission’s Spring 2025 Economic Forecast released on Monday. Specifically, growth is expected to ...

Cyprus residents made 164,844 trips abroad in April, marking a 24.1 per cent increase compared with the 132,806 trips recorded in April of last year, according to data released by the statistical service ...

The Cyprus Development Bank (cdbbank) on Monday released its financial results for 2024, posting a profit after tax of €4.09 million. This represents a decline of approximately 41 per cent year-on-year, from the ...

Cyprus is moving ahead with its first affordable rental housing scheme, with construction on the initial phase of a new development in Limassol expected to begin by June, according to ...

Cyprus has reported a notable rise in early-stage entrepreneurial activity and public optimism, according to the latest Global Entrepreneurship Monitor (GEM) survey presented at the University of Cyprus. Despite this, ...

The Cyprus Real Estate Agents Registration Council on Monday again voiced concerns over a proposed law that would require all rental and sale contracts for real estate to be drawn ...

Each year, the International Day for Women in Maritime Affairs promises celebration, but behind the speeches and social media tributes, the sector’s gender gap remains deeply entrenched. At this ...

Safe Bulkers, the Limassol-based shipping company led by Polys Hajioannou, has extended its support to the Cyprus Maritime Academy (CyMA), awarding eight cadets with annual scholarships of €5,000 for the full ...

France and Germany are moving towards a joint European energy policy based on technological neutrality, marking a new phase in nuclear energy, according to Andreas Poullikkas, professor of energy systems ...

Tesla (TSLA.O) investors had pinned their hopes on a refresh of the company’s flagship compact SUV to reinvigorate sales. But rock-bottom financing deals for the Model Y and ...

EU antitrust regulators, who are examining European satellite company SES’s (SESFg.LU) $3.1-billion bid for Intelsat, have asked the two companies’ customers whether Elon Musk’s Space X-owned Starlink ...

Austrian advocacy group NOYB said this week it would seek an injunction against Meta Platforms (META.O) that could lead to billion-euro damages claims if the tech giant goes ahead ...

Here are the top business stories in Cyprus from the week starting May 12: A new chapter in trilateral economic relations between India, Greece, and Cyprus was officially opened on Friday ...

Sony (6758.T) said this week that it expects operating profit to rise 0.3 per cent to 1.28 trillion yen ($8.7 billion) in the financial year ending in March, after factoring in a 100 billion ...

Kraft Heinz (KHC.O) is spending $3 billion to upgrade its US factories, its largest investment in its plants in a decade, even as executives say consumer sentiment is at its ...