#business

The European Union is ready to support the transformation of shipping into an industry focused on cleaner fuels, energy efficiency and innovation, European Commissioner for Fisheries and Oceans Costas Kadis, ...

Cyprus’ current account deficit narrowed to €257.3 million in Q2 2025, down from €341.7 million in the same period last year, according to provisional data from the statistics department of the Central Bank ...

Cyprus remained among the least affected EU countries by ICT security incidents, according to Eurostat data.   In 2024, only 12.91 per cent of Cypriot enterprises reported incidents resulting in consequences such as ...

Women in Tech Cyprus, together with TechIsland, will co-organise the second Women in STEM Cyprus Summit, titled “Voices of Change,” on November 21,  2025 at The Loft Bar & Restaurant (UNIC Rooftop) ...

Demetra Holdings Plc has announced the repurchase of 5,000 of its own shares through the Cyprus Investment and Securities Corporation Ltd (CISCO). The company said the buyback took place during a ...

The construction sector in Cyprus continued to expand in the second quarter of 2025, with both production and output prices recording robust annual increases, according to new data from the Cyprus ...

The Cyprus hospitality venues association (Pasika) has expressed its strong opposition to a new draft law proposed by the Deputy Ministry of Tourism, warning that it will not hesitate to ...

The Bank of Cyprus on Wednesday announced the full implementation of instant payments in Cyprus, effective October 9, 2025. This will allow customers to send and receive payments from any bank within ...

The Cyprus Shipowners’ Association (CSA) held its general assembly in Limassol earlier this week, on the sidelines of the Maritime Cyprus 2025 conference. The meeting brought together leading representatives of the ...

Greek retailer Jumbo Group recorded a 4 per cent year-on-year increase in sales in September 2025, maintaining its steady growth trajectory.  According to the company, September traditionally marks a period of strong ...

The second day of the Maritime Cyprus 2025 Conference, held on Tuesday, brought together international industry leaders for discussions on insurance, ownership, and chartering trends under the theme “Unlocking the Future ...

The volume of retail trade in Cyprus rose by 9.4 per cent in August 2025, compared with the same month in 2024, marking the strongest increase among all EU member states, according to ...

The household saving rate in the euro area rose to 15.4 per cent in the second quarter of 2025, compared with 15.2 per cent in the first quarter of 2025, according to Eurostat. The ...

Applications are now open for the fifth edition of Deloitte Middle East’s Technology Fast 50, inviting fast-growing tech companies from Cyprus and the Middle East to apply by December 19, 2025.  The ...

Bank customers in Cyprus will soon be able to send and receive money within seconds, as new EU rules on instant payments take effect this month, at the same cost ...

Electric and hybrid vehicles accounted for 43 per cent of all cars imported into the European Union in 2024, marking a one percentage point decrease compared with 2023, according to data released by ...

Entrepreneur and philanthropist Sir Stelios Haji-Ioannou awarded a total of €200,000 to three young Cypriot businesses during the 2025 Stelios Awards for Young Entrepreneurs, held at the Stelios Philanthropic Foundation headquarters in ...

Cyprus and Qatar have signed a memorandum of understanding (MoU) to strengthen cooperation in maritime affairs. The memorandum covers areas such as education, infrastructure, environmental protection, as well as the ...

Deputy Tourism Minister Kostas Koumis met with European Commissioner for Sustainable Transport and Tourism Apostolos Tzitzikostas this week, in order to discuss the European tourism strategy currently under development. According ...

Businesses are being urged to step up their role in the green transition while maintaining competitiveness, President Nikos Christodoulides told an event in Nicosia on Monday evening.  Addressing the presentation ...

The 4th annual HackTech Hackathon is set to return on November 15–16 at The Warehouse by IT Quarter in Limassol, according to an announcement released on Tuesday. AdTech Holding, a leading ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday forwarded a joint warning from the European Supervisory Authorities (EBA, EIOPA and ESMA) cautioning consumers about the risks associated with crypto-assets ...

Cyprus recorded one of the highest proportions of employees working long hours in the European Union during the second quarter of 2025, according to figures from Eurostat. The figures reveal that 16.6 ...

Paphos has emerged as one of Cyprus’ most dynamic property markets in the first half of 2025, according to a report released on Tuesday by Landbank Analytics. The findings show that ...