#business

Greek retail group Jumbo reported a strong rise in store sales across Cyprus and Greece in May 2025, reflecting a gradual rebound after a slower start to the year due to ...

Cyprus and Greece have agreed to step up cooperation in research and innovation, following high-level talks in Athens between senior officials from both countries. The meeting brought together Theodoros Loukaidis, ...

The Cyprus Innovation Awards 2025, organised by the Employers and Industrialists Federation (Oev), have been approved for inclusion in the official programme of the European SME Week. The European SME Week ...

Cyprus is expected to experience a decline in both rental and property purchase prices in the coming years, President Nikos Christodoulides announced this week. Speaking at a dinner hosted by ...

The Research and Innovation Foundation (RIF) this week announced that it has secured an additional €7.5 million in funding for the new “Open Access Research Infrastructures” programme. This initiative, the foundation ...

Deloitte Cyprus on Tuesday announced the appointment of two new partners, effective from June 1, 2025, marking an expansion of its leadership team. According to the announcement, Nicholas Theofilou has been promoted ...

The number of mortgages approved by British lenders for house purchase fell more than expected in April to their lowest in over a year as the market adjusted to higher ...

The expansion in Saudi Arabia’s non-oil private sector activity quickened in May, driven by accelerated growth in new orders, while business confidence also strengthened, a survey showed on Tuesday. ...

Eurozone inflation eased below the European Central Bank’s target last month on surprisingly benign services costs, underpinning expectations for further policy easing even as global trade tensions fuel longer-term ...

Cyprus Airways and Air India on Tuesday announced the signing of a new interline agreement, aiming to enhance connectivity and travel options for passengers of both airlines. According to the ...

Cyprus recorded a further decline in its unemployment rate in April 2025, according to data published by Eurostat this week. The rate fell to 3.7 per cent, down from 4.1 per cent in ...

The president of the Employers’ Group Stefano Mallia and the head of the Employers’ Group at the European Economic and Social Committee (EESC) of the European Union Fulvio Bianconi visited ...

Leading European financial technology provider payabl. on Tuesday announced the launch of its Virtual Business Cards service. According to the announcement, the new service enables real-time card issuance, customisable limits, ...

Cyprus recorded robust economic and fiscal performance in 2024, according to the International Monetary Fund (IMF). The IMF referenced Cyprus’ 4.3 per cent budget surplus and a reduction of public debt to 65 ...

The Cyprus Integrity Forum (CIF), the country’s largest non-profit promoting transparency, marked its 15th anniversary this week with a call for “deeper institutional reform and collective accountability” in 2025.  Speaking ...

The Mall of Cyprus (MC) Plc and the Mall of Engomi (ME) Plc held their respective annual general meetings on June 2, 2025, with shareholders approving key corporate matters. These include financial ...

The Cyprus Stock Exchange (CSE) council on Tuesday released the Members’ Market Shares for May 2025, providing a detailed overview of trading activity by its members over the month. According to ...

Global economic growth is slowing more than expected only a few months ago as the fallout from the Trump administration’s trade war takes a bigger toll on the US ...

Deloitte Cyprus on Tuesday announced the appointment of two new partners, effective from June 1, 2025, marking an expansion of its leadership team. According to the announcement, Nicholas Theofilou has been promoted ...

Oil prices ticked up on Tuesday on concerns about supply, with Iran set to reject a US nuclear deal proposal that would be key to easing sanctions on the major ...

Turkish annual inflation dipped to 35.41 per cent in May, official data showed on Tuesday, below a Reuters poll forecast and less than half the level of more than 75 per cent ...

Cyta secured four gold and one bronze award at the Cyprus Technology Awards 2024, earning recognition for projects that enhance digital accessibility, sustainability, and user experience across the country. The gold ...

Bank of Cyprus announced on Monday that its total issued share capital stood at 440,828,633 ordinary shares of nominal value €0.10 each as of  May 31, 2025, “with each ordinary share carrying one vote.” ...

The Research and Innovation Foundation (RIF) has launched two new funding calls, Seed and Innovate, targeted at boosting the growth of startups and supporting existing firms in scaling their products ...