#business

Cyprus’ airports reached record-breaking levels of passenger traffic in August, with a combined 1.8 million travellers recorded at Larnaca and Paphos. According to figures released on Monday by Hermes Airports, this ...

Demetra Holdings Plc on Monday announced the repurchase of 6,000 of its own shares, through a series of transactions executed on September 5, continuing its programme of share buybacks. The company said ...

The Bank of Cyprus (BoC) on Monday announced that investment firm Wellington Management Group LLP has crossed the 5 per cent threshold in voting rights, according to a TR-1 notification of ...

Cyprus recorded the third largest annual increase in gross domestic product during the second quarter of 2025, according to figures published by Eurostat. The country’s GDP rose by 3.3 per cent, ...

Year-over-year spending on artificial intelligence between 2025 and 2029 is set to grow by 31.9 per cent, according to data from the International Data Corporation (IDC). This investment, driven by the growth of ...

Smartphone shipments into Europe, excluding Russia, fell by 9 per cent to 28.7 million units in the second quarter of 2025, according to industry analysts Canalys. A restrained consumer and economic outlook is ...

Drawing on nature, researchers have developed a method to pump CO2 captured from industrial processes into volcanic rocks for safe and permanent underground storage. By Michael Allen For the first ...

The EU and Europe’s bio-based industries are tapping into the hidden potential of wood to replace fossil resources in the production of high-performance resins with a low carbon footprint. ...

US chip company Qualcomm (QCOM.O) and German luxury automaker BMW (BMWG.DE) have announced an automated driving system, which could help attract customers with new features like hands-free driving ...

Warner Bros Discovery (WBD.O) recently sued the AI photo generation company Midjourney, saying it brazenly stole the studio’s works to generate images of Batman, Superman, Wonder Woman, Bugs ...

Cyprus’ GDP is growing rapidly and banks are making big profits, but is the welfare of most people benefiting from such developments? The answer is a definite no as the ...

Here are the top business stories in Cyprus from the week starting September 1: Chief Scientist Demetris Skourides recently carried out an introductory visit to the SOZO Brain Center in Cyprus, ...

The Ministry of Energy, Commerce and Industry has announced that in 2026 it will organise national pavilions at three major international exhibitions in technology, innovation and shipping, with the aim of ...

British house prices rose 0.3 per cent in August, a third consecutive monthly increase that leaves them 2.2 per cent higher than a year earlier, figures published by mortgage lender Halifax showed ...

British retail sales rose more than expected in July, boosted by good weather and the women’s European soccer championship, but annual growth was slower than expected after extensive revisions ...

Wrap-up of business & economy stories from the day before Hellenic Bank and Eurobank Cyprus this week announced that a unified schedule of rights and charges will take effect in ...

Cyprus will host the Junior Balkan Olympiad in Informatics (jBOI) 2025, the Cyprus Computer Society (CCS) announced this week. According to the announcement, the event will take place from October 24 to ...

The council of ministers this week approved a proposal by the interior minister to grant funding of €2.1 million to community clusters across Cyprus for urgent works to clear abandoned agricultural ...

Industrial turnover in Cyprus rose by 4.5 per cent in the first half of 2025 compared with the same period in 2024, according to the Cyprus Statistical Service (Cystat). In June 2025, the industrial ...

Passenger traffic at Athens International Airport in August 2025 reached 3.88 million, marking an increase of 6.7 per cent compared with August 2024. Both domestic and international passenger traffic rose during the month. Domestic ...

Budget carrier Wizz Air on Friday announced that it will resume flights from Larnaca to Abu Dhabi starting November 15, 2025. “We are delighted to bring our flights back to Abu Dhabi,” ...

Tesla’s (TSLA.O) board has proposed a $1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk ...

US job growth weakened sharply in August while the unemployment rate increased to 4.3 per cent, confirming that labour market conditions were softening and sealing the case for an interest rate ...

The insurance association of Cyprus (Saek) has pledged to contribute constructively to the public dialogue on the country’s forthcoming tax reform. The association also focused on the specific characteristics ...