#business

Cyprus has moved to establish a national framework for screening foreign direct investments (FDIs), aiming to safeguard security and public order while maintaining an open environment for investors. The Council ...

State-owned asset management company (Kedipes) announced this week that it has officially terminated its interest subsidy scheme for performing credit facilities indexed to the European Central Bank’s main refinancing ...

The Transport Ministry on Friday announced the signing of a contract for dredging works at Larnaca marina. “We are pleased to announce the signing of the contract for the dredging ...

Dubai Silicon Oasis, part of the Dubai Integrated Economic Zones Authority (DIEZ), has partnered with The Doers Company to host the first Middle East edition of its Doers Summit, aiming ...

The hotel industry is bracing for fresh tensions as unions and employers clash over alleged breaches of the collective agreement signed in December 2024. According to a report in Philenews, the ...

The International Chamber of Shipping (ICS) and European shipowners welcomed the Hong Kong International Convention for the safe and environmentally sound recycling of ships entering into force globally this week. ...

Growth in the eurozone’s dominant services industry resumed in June after a brief contraction in May, though the pace remained marginal as demand remained weak despite improving business confidence, ...

Greece’s power grid operator on Thursday pushed back against mounting criticism over its demand that Cyprus cover part of the costs for the undersea electricity interconnection project linking Cyprus, ...

British businesses have trimmed their expectations for wage growth over the coming year, a Bank of England survey conducted in June showed on Thursday. Firms expected wage growth of 3.6 per ...

The UAE’s non-oil private sector grew steadily in June even as regional tensions weighed on demand, and firms ramped up output to tackle backlogs, a survey showed on Thursday. ...

The Thalia 2021–2027 Cohesion Policy Programme is currently Cyprus’ most ambitious effort to support small and medium-sized enterprises (SMEs), with a total budget of €1.8 billion, including €969 million from the European Union ...

Cyprus recorded €75.7 million in high-value property transactions in May 2025, showing a strong rebound from April, with Nicosia leading the market, according to real estate analytics firm Ask Wire. Land Registry ...

The Cyprus–Greece Business Association and the Cyprus Chamber of Commerce and Industry (Keve) on Thursday announced that they hosted a farewell lunch in honour of outgoing Greek ambassador Ioannis ...

The number of registered unemployed persons in Cyprus stood at 9,153 at the end of June 2025, data from the Cyprus Statistical Service (Cystat) showed on Thursday. On a seasonally adjusted basis, ...

Nicosia’s city centre will be transformed into a vibrant hub of innovation and culture on September 25–26, as INSPIRE 2025 brings together more than 85 distinguished speakers, immersive masterclasses, and live entertainment. ...

Consumer prices in Cyprus fell by 0.4 per cent in June 2025, when compared to the same month last year, according to data released by the state statistical service on Thursday. The ...

Greece’s power grid operator on Thursday pushed back against mounting criticism over its demand that Cyprus cover part of the costs for the undersea electricity interconnection project linking Cyprus, ...

Plastic product manufacturer Lordos United Public Limited held its annual general meeting this week, where shareholders unanimously approved all items on the agenda. According to a filing on the Cyprus ...

Demetra Holdings Plc on Thursday announced its net asset value (NAV) per share as of June 30, 2025, stood at at €2.5494 per share. Moreover, in a company filing on the Cyprus Stock ...

Microsoft (MSFT.O) will lay off nearly 4 per cent of its workforce, the company said on Wednesday, in the latest job cuts as the tech giant looks to rein in ...

Alphamega hypermarkets signed an agreement to acquire Foody Market, the online supermarket service operating through the leading distribution platform Foody. The completion of the transaction, however, is subject to approval ...

The general house price index in Cyprus, which includes both houses and apartments, continued its upward trajectory on an annual basis during the first quarter of 2025, according to data published ...

Cyprus’ international investment position (IIP) deteriorated in the first quarter of 2025, recording a net liability of €31.01 billion compared to €29.18 billion in the fourth quarter of 2024. The figures are based on ...

Cyprus has formally approved the creation of a national mechanism for the control of foreign direct investments (FDI), following a cabinet decision on Wednesday. The move aims to strengthen the ...