#business

The National Betting Authority on Friday reported that Cyprus’ betting sector revenues remained steady in the first quarter of 2025, holding at last year’s levels but marking a sharp rise ...

The European Union relied heavily on maritime transport for international trade in goods in 2024, Eurostat data showed this week. Imports by sea reached 1.1 billion tonnes, valued at €1.25 trillion, while exports ...

Cyprus has issued more than 500 digital nomad visas since the scheme was launched on October 15, 2021, as part of efforts to position the island as a hub for remote workers and ...

The Cyprus Chamber of Commerce and Industry (Keve) this week hosted an event titled “The Geostrategic Position of Cyprus in the Modern World”, featuring strategic analyst, mathematician and author Nikos ...

Bank deposits in Cyprus rose by a net €44.3 million in August, according to the latest deposit and loan statistics published by the Central Bank of Cyprus (CBC) this week. At ...

Two financing agreements totalling €55 million were signed on Thursday by Finance Minister Makis Keravnos, EIB vice president Kyriacos Kakouris and CING chief executive Leonidas Phylactou. At the signing, which took ...

The Cyprus Trading Corporation Plc, Ermes Department Stores Plc and Woolworth (Cyprus) Properties Plc this week announced a delay in the publication of their audited financial statements for the year ...

Greece recorded a surplus of €1.96 billion in its state budget for the period January–August 2025, according to execution data on a modified cash basis. The result contrasts with the €1.38 billion ...

Europe’s biggest bank HSBC said this week that a trial use of quantum computers to aid bond trading had produced promising results, in a rare example of a major ...

Two financing agreements totalling €55 million were signed on Thursday by Finance Minister Makis Keravnos, EIB vice president Kyriacos Kakouris and CING chief executive Leonidas Phylactou. At the signing, which took ...

Petrolina (Holdings) Public Limited on Thursday announced a pre-dividend, after-tax profit of €3 million for the first half of 2025, marking a significant turnaround from a loss of €707,000 in the same period ...

Cyprus’ tourist accommodation sector continued to rely heavily on foreign visitors in the first half of 2025, according to Eurostat data published on Thursday. The figures were released to mark World ...

The Consumer Protection Service (CPS) announced this week that it is investigating complaints from consumers against a travel agency that has allegedly failed to meet its obligations to clients. Speaking ...

The Secretary-General of the International Maritime Organisation (IMO), Arsenio Dominguez, warned that the ocean is under threat, stressing that its decline is driven by human activities but can still be ...

Cyprus’ state-owned asset management company Kedipes posted mixed results in the first half of 2025, with stronger restructuring activity offset by weaker inflows, while continuing to repay state aid and expand ...

Limassol port operator DP World marked World Maritime Day on Thursday by lighting up the Limassol Cruise Terminal building in blue. World Maritime Day is an annual observance established by ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday issued a statement reaffirming that the country’s regulatory framework for the investment and capital markets sector is fully aligned with ...

Atlantic Insurance held its annual general meeting this week, where shareholders approved the company’s annual report for 2024. This included the management report, the corporate governance report, the audited consolidated ...

This year’s European Researchers’ Night is set to take place in Nicosia on Friday, September 26, offering Cypriot audiences a full-day programme of scientific and technological activities. The event, which ...

Lordos Hotels reported a sharp turnaround in its first-half results for 2025, posting a net profit of €605,800 compared with a loss of €236,800 a year earlier, the company said this week. Profits ...

Greek-retail group Jumbo this week reported a net profit of €117.18 million for the first half of 2025 and confirmed plans to open two new hyperstores in Cyprus over the next five ...

The Digital Cooperation Organisation (DCO) this week announced the expansion of its WE-Elevate programme across all its member states, including Cyprus, on the sidelines of the 80th United Nations General ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced that it has reached four separate settlement agreements with employees of V.P. Magnetic Support Technologies Ltd over possible violations ...

The Central Bank of Cyprus (CBC) on Wednesday published updated data on non-performing loans and banking sector profitability, balance sheet and capital adequacy for the period ending June 30, 2025. According to ...