#business

Global smartphone shipments increased by 2.3 per cent year-over-year to 336.3 million units in the fourth quarter of 2025, according to preliminary data from the International Data Corporation. Despite the memory shortage crisis ...

The European Banking Authority (EBA) and the Authority for Anti-Money Laundering and Countering the Financing of Terrorism have completed the transfer of all AML/CFT mandates and functions. This handover ...

Alpha Bank’s IQonomy initiative delivered measurable social value in 2024 by strengthening financial literacy among vulnerable groups, according to social impact measurement studies conducted by HIGGS. The studies assessed the ...

Greek shipping companies are facing significant financial strain following the implementation of the European Emissions Trading System, with costs already being passed on to passengers through higher ticket prices. According ...

Deputy Shipping Minister Marina Hadjimanolis departed Cyprus on Sunday for a working visit to Brussels and Athens, covering the period from January 25 to January 30. According to an announcement by the ...

The Joint Bank Reporting Committee recently published its Work Programme for 2026, outlining the primary priorities and deliverables designed to harmonise the European banking sector. In parallel with this release, the ...

Here are the top business stories in Cyprus from the week starting January 19: Raids on betting agencies are being carried out by “undercover” agents as part of stepped-up checks by ...

The Agriculture Ministry has announced that an extension has been granted for the submission of applications regarding the Major Investment Measure and the Young Farmer Installation intervention. The decision to ...

Cypriot technology company NETinfo announced this week that 192,310 new ordinary shares issued as free shares to staff will be admitted to trading on the Cyprus Stock Exchange (CSE). The announcement ...

Business & economy wrap-up from the day before Eurobank on Friday announced that it had successfully priced a €400 million issuance of fixed rate reset subordinated tier 2 notes, marking a major ...

The euro area recorded an increase in gross debt equivalent to 4.5 per cent of quarterly GDP during the third quarter of 2025, according to data published by Eurostat this week. The ...

The Cyprus Trading Corporation announced this week that its board of directors will convene at the end of the month to finalise key financial results. Specifically, in an announcement on ...

Saudi Arabia’s National Infrastructure Fund and Humain, the kingdom’s artificial intelligence company, announced a financing agreement of up to $1.2 billion this week to support the expansion of AI ...

The Gates Foundation and OpenAI are setting up a $50 million partnership to help African countries use artificial intelligence to improve their health systems. The partnership, called Horizon1000, plans to work ...

Greek banks are currently designing new development models and orienting themselves toward fresh sources of revenue and profitability as their customer base changes rapidly. According to a report by Greek ...

International technology company SOFTSWISS has announced the appointment of Denis Romanovskiy as its first Chief Artificial Intelligence Officer, elevating artificial intelligence to the C-suite level at the company. The company ...

Safe Bulkers, Inc., the Limassol-linked dry-bulk shipowner listed on the New York Stock Exchange and an international provider of marine dry bulk transportation services, has entered into an agreement for ...

The Cyprus Commission for the Protection of Competition announced on Friday that it had received a merger notification concerning the acquisition of a portfolio of non-performing loans from Alpha Bank ...

Eurobank on Friday announced that it had successfully priced a €400 million issuance of fixed rate reset subordinated tier 2 notes, marking a major funding transaction for the group. Specifically, Eurobank S....

Wizz Air has officially launched the Wizz Air Pilot Academy (WAPA) in Cyprus, opening a direct pathway for aspiring local pilots to train with the airline and progress into the ...

The Central Bank of Cyprus (CBC) on Friday reported that the Cypriot banking sector’s non-performing loan ratio continued to fall, reflecting ongoing balance sheet repair and improved asset quality. ...

The Cypriot real estate market recorded a strong performance in 2025, with the total value of property transfers exceeding €4.7 billion and the number of sales documents rising by 15 per cent compared ...

Greenhouse gas emissions across the EU fell again, with Cyprus recording a sharp reduction in emissions relative to economic output, according to new Eurostat data. Specifically, Eurostat reported on Friday ...

Interest in the Cyprus–India Business and Investment Summit has gathered pace ahead of its Mumbai edition on January 28, with registrations already exceeding 400, reflecting growing momentum behind bilateral trade and ...