#business

The United Arab Emirates could further boost its oil production capacity after 2027 if that is what markets require, its energy minister said on Thursday, signalling a move that could propel ...

The average interest rate for household time deposits up to one year in Cyprus stood at 1.16 per cent in the latest data published by the Central Bank of Cyprus, lagging ...

Parliament on Thursday began debating legislation to screen foreign direct investments in strategic sectors, aligning Cyprus with EU rules designed to safeguard security and public order. The bill, approved by ...

President Donald Trump claims that rapid adoption of solar and wind power has made US electricity unstable and expensive, justifying his bid to end most subsidies for renewable energy. But ...

US companies are getting ready to open their books on the second quarter, with investors looking for signs of an impact from President Donald Trump’s trade war launched on ...

The Turkish Competition Authority announced on Thursday that it would impose an administrative fine of approximately 355 million lira (equivalent to $8.87 million) on Google for not meeting its regulatory responsibilities. According ...

Greek retail group Jumbo reported resilient sales growth across its network in the first half of 2025, with stores in Cyprus and Greece driving performance despite geopolitical tensions in the Middle ...

The construction production index in Cyprus reached 112.65 units in the first quarter of 2025, reflecting a 1 per cent increase compared to the same period in 2024, according to the state statistical service. ...

Cyprus recorded a trade deficit of €3.26 billion in the first five months of 2025, slightly up from €3.18 billion in the same period of 2024, according to figures released on Thursday by the ...

Chief Scientist Demetris Skourides recently completed a high-level business visit to the United Arab Emirates, according to an announcement released on Thursday. The visit aimed to “reinforce Cyprus’ role as ...

Parliament on Thursday began debating legislation to screen foreign direct investments in strategic sectors, aligning Cyprus with EU rules designed to safeguard security and public order.  The bill, approved by ...

The board of directors of Mall of Cyprus approved an interim dividend of €13.5 million, following a review of the company’s financial position based on the provisional 2025 accounts. According to ...

Cytacom Solutions Ltd, a subsidiary of Cyta, on Thursday announced that it recently signed the renewal of its collective labour agreements for the 2025–2027 period. These agreements, the company said, cover ...

Invest Cyprus chairman Evgenios Evgeniou addressed foreign investors at the 13th Invest Cyprus International Investment Awards in Nicosia on Wednesday, reaffirming the organisation’s commitment to working with the international ...

The National Bank of Greece on Thursday announced the launch of its 16th Innovation and Technology Competition as part of its NBG Business Seeds programme. “This initiative is the longest-running ...

Deputy Shipping Minister Marina Hadjimanolis,paid a working visit to London this week, aiming to strengthen bilateral ties with the United Kingdom. The trip also sought to promote Cyprus’ bid ...

NYSE-listed Safe Bulkers and its CEO, Polys Hajioannou, have announced the company’s 5th annual scholarship programme for the academic year 2025-2026, as part of its Environmental and Social Governance (...

Nvidia notched a market capitalization of $4 trillion on Wednesday, making it the first public company in the world to reach the milestone and solidifying its position as one of Wall ...

Turkey has raised the withholding tax on short-term Turkish lira deposits and investment funds by 2.5 percentage points, a move economists said was aimed at boosting budget revenues and curbing dollarisation. ...

Artificial intelligence (AI) is rapidly transforming financial markets by bringing “speed and innovation” to the sector, according to Eliza Stasopoulou, senior officer at the Cyprus Stock Exchange. However, Stasopoulou also ...

The Cyprus association of care home owners on Tuesday expressed “strong dissatisfaction” over the way House labour committee discussed living conditions in private and state care homes for people with ...

The Cyprus Financial Literacy and Education Committee (CyFLEC) reviewed the progress of Cyprus’ national strategy for financial literacy on Wednesday during its fifth meeting of the board of directors. According ...

The Electricity Market Association (EMA) on Wednesday expressed concern over two critical energy projects that directly affect Cyprus’ energy future. These include the Vasilikos liquefied natural gas (LNG) terminal and ...

Cyprus’ innovation ecosystem gathered momentum this week as ‘The Bash 2025’ brought together 185 participants for the country’s flagship startup and networking event. Now in its fifth year, the gathering has ...