#business

Cyprus-headquartered ASBISc Enterprises Plc, commonly referred to as Asbis, has announced the acquisition of CPT Praha spol. s r.o., a Czech distributor specialising in premium audio products. The board ...

The Digital Cooperation Organisation (DCO) announced the launch of its AI-REAL Toolkit at the G20 Digital Economy and Artificial Intelligence Ministers’ Meeting in Cape Town on Thursday, marking what it ...

The Cyprus Securities and Exchange Commission (CySEC) this week issued new guidance on annual fees under the Digital Operational Resilience Act for the financial sector, known as DORA. The announcement ...

Demetra Holdings Plc on Thursday announced the repurchase of its own shares through the Cyprus Stock Exchange (CSE). Specifically, the company purchased 5,000 of its own shares at a price of 1.665 ...

The Central Bank of Cyprus (CBC) on Thursday released new data on average interest rates and loan volumes for August 2025, highlighting a slowdown in lending activity and contrasting trends in ...

Deloitte Cyprus on Thursday published its latest transparency report, covering the period from June 1, 2024, to May 31, 2025, providing an overview of the firm’s performance and governance during this time. “Deloitte’...

Cyprus has entered a new era in its electricity sector with the launch of the competitive electricity market, a development in which Eurobank played a decisive role as the general ...

Cyprus’ tourism sector in 2025 is expected to perform similarly to the levels recorded in 2024, according to the president of the Cyprus hoteliers association (Pasyxe) Thanos Michaelides. In an interview with ...

Cyprus recorded zero annual inflation in September 2025, making it the only country in the euro area with no change in consumer prices compared with the same month last year, according ...

Cyprus’ economy showed signs of a mild slowdown in September 2025, according to a report from the University of Cyprus’ Economics Research Centre (CypERC). Specifically, the research centre regularly publishes its ...

Global financial messaging network SWIFT and more than 30 global banks announced this week they were now working “at pace” on making cross-border payments instantaneous and on a system capable of ...

OPEC+ may speed up production increases in November from the 137,000 barrels per day hike it made for October at its meeting on Sunday as its leader Saudi Arabia pushes to ...

Having been badly burned by the British government’s major tax-raising budget last year, business leaders told ministers at the ruling Labour Party’s annual conference that they could no ...

Prices at British retailers rose at the fastest pace since February 2024 this month as food costs continued to increase rapidly and a decline for non-food items appeared close to an ...

Britain’s economy slowed in the second quarter of 2025 after a strong start to the year, official figures showed this week, highlighting the challenges facing finance minister Rachel Reeves as ...

Banks borrowed 5.085 billion pounds ($6.84 billion) from the Bank of England at its weekly indexed long-term repo for six-month funds on Tuesday, the greatest amount since March 2020 when there was a ...

Alpha Bank has stepped up its share buyback programme while also rewarding shareholders with a sizeable interim dividend. The bank announced that between September 22 and September 26, 2025, it purchased 1,399,761 of its ...

A new study has found that renewable electricity has already delivered substantial economic benefits to Cyprus, saving the country hundreds of millions of euros and offering strong returns on investment. ...

The Cyprus Association of Electronic Money and Payment Institutions (ACEMPI), which operates under the Cyprus Chamber of Commerce and Industry (Keve), has officially joined the European Payments Council (EPC) as ...

The Index of Industrial Output Prices in Cyprus for August 2025 reached 122.8 units, using 2021 as the base year with 100 units, and remained stable compared with July 2025. According to the latest figures ...

Water and housing are the key challenges faced by Cyprus, head of the European Investment Bank (EIB) Nadia Calviño said on Tuesday, emphasising the significant impact of European investments ...

Deputy Minister of Shipping Marina Hadjimanolis on Tuesday said that Cyprus aims to strengthen its shipping cluster and registry, an objective that will be further explored at the upcoming Maritime ...

Cyprus has been ranked second in Europe for improving air connectivity, while also closing 2025 with another strong year for tourism, according to Deputy Minister of Tourism Kostas Koumis. Speaking during ...

Private equity firm Zubr Capital announed this week that it is set to host its first Zubr Capital Young Hackathon in Limassol on October 23, bringing together students and early-stage entrepreneurs ...