#business

23-year-old George Chrysostomides, founder of Shrine Solutions Ltd (shrine.io), has announced that he will donate the entire €100,000 awarded to him by Sir Stelios Haji-Ioannou to support young entrepreneurs and ...

Cypriot telecoms provider Cyta retained its lead in the mobile telephony market during the first half of 2025, according to figures from the Office of the Commissioner for Electronic Communications and ...

Low-cost carrier Wizz Air on Monday announced that it has partnered with Telethon Cyprus as the official airline for the charity trip “On the Wings of Hope”, which will take ...

Cyprus’ property market is calmer this year, with foreign demand still providing momentum even as higher borrowing costs, rising construction prices and new environmental realities begin to reshape investment decisions.  ...

Allwyn International AG and OPAP S.A. on Monday announced that their boards of directors have approved a merger through an all-share transaction valued at €16 billion, creating the world’s ...

The Bank of Cyprus on Monday announced the launch of the IBU India Hub, a new strategic initiative designed to enhance its service offering and specialisation for businesses and individuals ...

Global air passenger demand grew by 4.6 per cent in August 2025 compared with the same month last year, according to figures released by the International Air Transport Association (IATA).  At the ...

The European Banking Authority (EBA) has published a report taking stock of actions by all competent authorities to address its findings and recommendations. This follows in-depth reviews carried out by ...

Most European small and mid-sized enterprises are prioritizing artificial intelligence systems over basic digital tools across their businesses, losing ground to bigger firms investing in core digital systems, a study ...

2025 expected to mark a breakthrough year for 5G Standalone (SA) network deployments and RedCap device adoption, paving the way for widespread Internet of Things (IoT) innovation across multiple industries, according ...

Enterprise software sales through hyperscaler cloud marketplaces led by Amazon Web Services (AWS), Microsoft Azure, and Google Cloud are forecast to surge from $30 billion in 2024 to $163 billion by 2030, according to ...

Nearly three in five Brits, or 57 per cent, would consider going on a multi-generation cruise holiday, according to a new survey by Marella Cruises. The survey also revealed that 32 per ...

Tesla’s (TSLA.O) lower-priced versions of its staple Model Y SUV and Model 3 sedan face an uphill battle in the region where Elon Musk’s company arguably needs help ...

Here are the top business stories in Cyprus from the week starting October 6: One of the government’s main goals, the qualitative and further strengthening of the Cypriot ship registry, ...

The global wearable band market reached a record 50.2 million devices shipped in the second quarter of 2025, representing a 13 per cent increase compared with the same period last year, according to ...

Gucci’s “see now, buy now” approach for the first collection from new designer Demna, harnessing a buzz around the brand to draw shoppers back to its stores after years ...

British business activity grew at the slowest pace in five months in September as companies and consumers put big spending decisions on hold as they waited to see if they ...

Eurobank Limited on Friday announced the completion of the merger of its Cypriot insurance subsidiaries, marking a significant development in the consolidation of its insurance operations in Cyprus. The merger, ...

The European Commission has announced a 1-billion-euro ($1.1 billion) plan to ramp up the use of artificial intelligence in key industries amid a push to cut the European Union’s reliance ...

Gold surged above $4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by ...

Britain’s government has announced it would seek to streamline the process for home-buying under its latest plans to give a boost to the property market. The proposals could cut ...

The Finance Ministry’s debt management office will hold a public auction of €25 million in treasury bills on October 20, 2025. The auction will cover bills with a 13-week maturity and will ...

Cyprus participated in the international exhibition World Food India 2025, which took place in New Delhi from September 25 to September 28, 2025, through the Cyprus Trade Centre in New Delhi under the Energy ...

Eurobank Limited on Friday announced the completion of the merger of its Cypriot insurance subsidiaries, marking a significant development in the consolidation of its insurance operations in Cyprus. The merger, ...