#business

Hermes Airports is stepping up efforts to reduce Cyprus’ reliance on peak-season tourism, working with airlines and tourism operators to attract more passengers outside the traditional summer months and strengthen ...

Cyprus should make artificial intelligence and digital transformation a central part of its tourism strategy, the Hotels Association (Pasyxe) said on Sunday, arguing that technology could help strengthen the sector’...

More than 5,000 people attended European Researchers’ Night 2026 in Nicosia, as the annual science and innovation event marked 20 years in Cyprus, according to the Research and Innovation Foundation (RIF). The event, ...

The European Banking Authority (EBA) has issued new guidelines on third-party arrangements supporting critical or important functions, as part of efforts to simplify the EU banking sector’s regulatory framework. ...

The value of European Union petroleum oil imports rose sharply by 55.8 per cent in the second quarter of 2026, according to Eurostat. Despite the steep rise in total cost, the volume ...

The steady rise in use of electric vehicles across the US is creating a two-tiered fuel market, splitting motorists between those whose costs are dictated by global oil markets and ...

Global display panel manufacturers are expected to reduce production in October as weaker television and IT demand puts pressure on inventories, according to marekt intelligence firm Omdia. The average utilisation ...

For years, the race to build ever-more powerful artificial intelligence followed a well-worn Silicon Valley principle: move fast and break things. But in a series of cascading events over a 10...

Researchers, farmers and tech companies are developing open-source tools to tackle crop disease, irrigation and patchy internet, making digital farming cheaper, more practical and easier for farmers to trust. By ...

Here are the top business stories in Cyprus from the week starting September 21: The European Central Bank (ECB) has warned that euro area households are keeping too much of their ...

The European Central Bank launched a new service this week linking its payment system to blockchain-based financial markets and said ​it would invest some of its own money in digital ‌...

It has job titles, mutual connections and fewer bathroom selfies. No wonder some people are getting confused  In Cyprus, flirting on LinkedIn carries one fairly obvious risk. There is every ...

The European Commission proposed rules this week requiring data centres in Europe to disclose how efficiently they use energy ​and water, as concerns grow over their consumption of resources. The ...

Greek retail group Jumbo recorded net profit of €120.6 million in the first half of 2026, up 2.92 per cent year-on-year, while sales rose by 4.42 per cent to €519.26 million, as the company kept ...

Central banks need to understand who benefits from artificial intelligence-driven gains, ​as their distribution will help shape ‌aggregate demand and inflation, European Central Bank Governing Council member Fabio Panetta said ...

Advanced Micro Devices (AMD) made financial history earlier this week when its market capitalisation soared past $1 trillion for the first time on Monday, firmly placing the company in an elite ...

Costco Wholesale beat quarterly estimates on Thursday, recording strong comparable sales growth as inflationary pressures drove consumers to its discount gas stations and boosted demand across its warehouses. The ​warehouse ...

Starbucks will close 250 underperforming coffeehouses in North America, the company said in a regulatory filing on ​Thursday, as CEO Brian Niccol deepens his turnaround push to revive ‌sales. The closures ...

Global equity funds attracted the most inflows since early July in the week to September 25, snapping a two-week selling streak as enthusiasm around artificial intelligence and a pullback ​of oil ...

Deposits and loans in Cyprus both recorded net increases in August, with annual credit growth accelerating further while total deposits climbed to €59.3 billion, according to figures released by the Central ...

Passenger air transport prices in Cyprus were 5 per cent higher in August than a year earlier, moving against the EU trend as airfares across the bloc fell slightly, according to ...

Alpha Finance-AXIA has raised its price target for Bank of Cyprus (BoC) to €12.30 from €11.60, citing strong profitability, a solid capital position and shareholder returns as it lifted its targets across ...

K. Kythreotis Holdings Public Ltd reported higher revenue in the first half of 2026, but profits fell sharply as rising raw-material and fuel costs weighed on its quarrying and ready-mixed concrete ...

Logicom has appointed long-serving executive Anthoulis Papachristoforou as its new chief executive, handing him responsibility for the group’s day-to-day technology operations as Varnavas Irinarchos shifts his focus towards strategy, ...