#business

Unemployment in Cyprus stood at 4.3 per cent in the second quarter of 2025, down from 4.6 per cent a year earlier, according to a report published by the Cyprus Statistical Service (Cystat) ...

More than three quarters of people in Cyprus used internet-connected devices in 2024, outpacing the EU average, official data showed on Thursday. Eurostat said 76.9 per cent of Cypriots aged 16–74 used such ...

Cyprus has moved to strengthen its role as a regional innovation hub with the signing of a Memorandum of Understanding (MoU) between Chief Scientist Demetris Skourides and Invest Cyprus chief ...

Faced with acute labour shortages but also a growing economy, Cyprus is stepping up efforts to turn brain drain into brain gain, rolling out new tax breaks, family support schemes ...

Payment fraud in Cyprus rose sharply in the second half of 2024, though the island still recorded fewer incidents than the eurozone average, according to the report of the Central Bank ...

Cyprus’ public debt is expected to fall close to 50 per cent of GDP by the end of 2025, well ahead of earlier targets that foresaw a drop below 60 per cent by ...

British shop prices rose this month by the most since March last year, potentially adding to the Bank of England’s worries about how long the country’s high inflation ...

Boeing has bumped up its delivery schedule to budget carrier Ryanair, with 25 new aircraft expected to be delivered by October instead of the spring of next year, the airline’s ...

LinkedIn is expanding its video advertising program, adding new publishers and creator-led shows to draw marketing dollars. The Microsoft-owned platform for professionals said on Monday that AT&T Business, ...

Cyprus’ public debt is expected to fall close to 50 per cent of GDP by the end of 2025, well ahead of earlier targets that foresaw a drop below 60 per cent by ...

Petroleum product sales in Cyprus rose by 7.7 per cent in July 2025 compared to the same month last year, reaching 144,790 tonnes, according to the statistical service (Cystat). The increase was largely ...

Cyprus’ tourism industry set a new record in 2024, surpassing four million visitors for the first time while posting revenues of more than €3.2 billion. The record came despite geopolitical instability in ...

The long-awaited call for investor interest in the Paphos marina at Potima is expected to be announced in late August or early September, according to Paphos Chamber of Commerce and ...

Columbia group Asia Region, headquartered in Limassol but with 33 management offices across the world, chief executive Demetris Chrysostomou has rejected claims that Asian shipowners are falling behind their European and ...

Cyprus Seeds collaborated with Conception X, which runs the UK’s leading PhD deep-tech venture programme, turning researchers into startup founders. The collaboration was described as a milestone in Cyprus ...

Cyprus and Saudi Arabia will sign a memorandum of cooperation (MoU) in tourism “in the immediate future” following a teleconference this week between Deputy Minister of Tourism Costas Koumis and ...

Shipowners are facing mounting scrutiny over scrubber technology, which while curbing sulphur oxides in the air, discharges harmful contaminants into the sea. Cyprus, like several other European countries, has already ...

FIBA EuroBasket 2025 will be staged at Limassol’s Spyros Kyprianou Sports Centre from August 28 to September 4, marking Cyprus’ debut in the tournament. Deputy Minister of Tourism Costas Koumis said the ...

Shares in Nissan Motor slumped around 6 per cent on Tuesday after its second-largest shareholder, Mercedes-Benz, said it would sell off its roughly $346 million shareholding – a 3.8 per cent stake – in the ...

U.S. soft drinks company Coca-Cola is working with investment bank Lazard to review options, including a potential sale, of British coffee chain Costa, a source familiar with the matter ...

German business morale improved unexpectedly in August to its highest level in 15 months, a survey showed on Monday, although analysts warned the economic outlook remained weak. The Ifo institute said ...

FIBA EuroBasket 2025 will be staged at Limassol’s Spyros Kyprianou Sports Centre from August 28 to September 4, marking Cyprus’ debut in the tournament. Deputy Minister of Tourism Costas Koumis said the ...

Cyprus has ranked bottom among EU member states in the latest Sustainable Development Report (SDR), released by the Sustainable Development Solutions Network (SDSN). The island placed 56th globally out of 167 ...

Cyprus leisure centres enjoyed strong business during the August 15 holiday, but industry leaders warned that all-inclusive packages and the rapid growth of Airbnb rentals are putting increasing pressure on restaurants, ...