#business

Amazon Web Services (AWS) and SAP unveiled plans to bring SAP Sovereign Cloud capabilities to the AWS European Sovereign Cloud, the new independent cloud for Europe, backed by Amazon’s €7.8 ...

Dr Kyriaki Michaelidou of the Cyprus Institute of Neurology and Genetics (CING) has been awarded the UNESCO-Al Fozan International Prize for the Promotion of Young Scientists in Science, Technology, Engineering ...

Abu Dhabi’s Technology Innovation Institute and Nvidia (NVDA.O) have launched a joint research lab in the United Arab Emirates that will focus on developing next-generation AI models and ...

Two thirds of US-based security chiefs at large technology companies say the threat of violence towards their executives has increased in the past two years, with many now providing protection ...

Mercedes-Benz (MBGn.DE) announced changes to its top management this week, replacing chief technology officer Markus Schaefer with head of production Joerg Burzer, as it pursues cost efficiencies with a ...

Global shipping, which carries around 80 per cent of world merchandise trade, is stagnating as the sector struggles with geopolitical instability, new tariffs and shifting sea lanes, the United Nations said ...

Apple, Google and Microsoft have been asked by EU tech regulators about the measures they are taking to prevent their platforms being used for financial scams, underscoring Europe’s concern ...

Petroleum product sales in Cyprus fell by 1 per cent in August 2025 compared to the same month last year, reaching 123,378 tonnes, according to the statistical service (Cystat). The decline was mainly ...

Logicom Public Ltd on Friday reported a profit after tax of €29,672,258 for the first half of 2025, nearly doubling from €15,826,856 in the same period last year, representing an increase of approximately 87.4 ...

Vassiliko Cement Works Public Company Ltd on Friday announced that its board of directors approved the payment of an interim dividend for 2025 amounting to €10,790,392.05. The dividend corresponds to €0.15 per share ...

The Consumer Protection Service (CPS) on Friday officially named EFI Strakottou Travel & Tours Limited as the travel agency under investigation after a week of speculation and mounting consumer complaints. ...

The Cyprus Borrowers Association (Syprodat) this week described as a “significant turning point” the decision by the Consumer Protection Service to impose fines on the Bank of Cyprus and Eurobank ...

Foreign demand for property in Paphos continues to dominate Cyprus’ real estate market, with 5,477 applications submitted by third-country nationals to acquire property in the district over the past five years, ...

Paphos marked World Tourism Day by highlighting its drive towards sustainable and digital transformation in the sector. The Paphos Regional Tourism Board (Etap) pointed to efforts to make travel to ...

Construction material producer Kythreotis Holdings on Friday reported a 28 per cent rise in profit for the first half of 2025, driven by stronger income from its ready-mix concrete operations. Net profit ...

Agros development company Proodos Public Ltd, which manages the Rodon Hotel in Agros, has appointed Karan Chainrai as a non-independent, non-executive director in a move it said aims to further ...

The National Betting Authority on Friday reported that Cyprus’ betting sector revenues remained steady in the first quarter of 2025, holding at last year’s levels but marking a sharp rise ...

The European Union relied heavily on maritime transport for international trade in goods in 2024, Eurostat data showed this week. Imports by sea reached 1.1 billion tonnes, valued at €1.25 trillion, while exports ...

Cyprus has issued more than 500 digital nomad visas since the scheme was launched on October 15, 2021, as part of efforts to position the island as a hub for remote workers and ...

The Cyprus Chamber of Commerce and Industry (Keve) this week hosted an event titled “The Geostrategic Position of Cyprus in the Modern World”, featuring strategic analyst, mathematician and author Nikos ...

Bank deposits in Cyprus rose by a net €44.3 million in August, according to the latest deposit and loan statistics published by the Central Bank of Cyprus (CBC) this week. At ...

Two financing agreements totalling €55 million were signed on Thursday by Finance Minister Makis Keravnos, EIB vice president Kyriacos Kakouris and CING chief executive Leonidas Phylactou. At the signing, which took ...

The Cyprus Trading Corporation Plc, Ermes Department Stores Plc and Woolworth (Cyprus) Properties Plc this week announced a delay in the publication of their audited financial statements for the year ...

Greece recorded a surplus of €1.96 billion in its state budget for the period January–August 2025, according to execution data on a modified cash basis. The result contrasts with the €1.38 billion ...