#business

The annual growth rate of the broad monetary aggregate M3 rose to 3.2 per cent in May 2026, up from 2.7 per cent in April, according to a report from the European Central ...

The Central Bank of Cyprus (CBC) announced on Monday that it has decided to maintain the countercyclical capital buffer rate at 1.5 per cent. The CBC determined that the current level ...

The European Union is moving to create a new financing framework that could channel public and private money into cleaner ships, smarter ports and maritime technology, as Brussels seeks to ...

Cyprus’ banking sector recorded higher deposits and stronger lending in May 2026, according to figures by the Central Bank of Cyprus (CBC) covering deposits and loans at monetary financial institutions. Total ...

Cyprus recorded 63 occupations with labour shortages and 11 with labour surpluses in 2024, according to the EURES Labour Shortages and Surpluses Report 2025, which persistent gaps across the technology, tourism and healthcare sectors. ...

Cyprus’ Industrial Production Index rose by 1.4 per cent in April 2026, reaching 113.4 units, according to figures released by the statistical service (Cystat). For the first four months of the year, the ...

Cyprus’ tourism revenue fell by 35.1 per cent year-on-year in April 2026, reaching €197.5 million, according to a report from the statistical service (Cystat).  This compares with €304.2m in April 2025, marking another weak ...

Invel Real Estate announced on Monday that it closed its Eudora Fund 2 at more than €400 million, surpassing its initial target of €300 million and signalling strong investor demand for its Southern ...

Eurobank announced on Monday that it successfully repurchased 2,977,805 of its own shares during the period between June 22, 2026, and June 26, 2026. These transactions were conducted on the Euronext Athens stock exchange as ...

By Stephania Constantinou Cyprus was the main theme of an event that took place at the National University of Singapore (NUS) on June 22, organised by the High Commissioner of Cyprus ...

The Bank of Cyprus Holdings Public Limited Company announced on Monday that its board of directors will meet on August 03, 2026, to review the financial results for the six months ended ...

Strengthening the competitiveness of the Cyprus flag and the wider maritime sector remains a key priority for the government, according to Shipping Deputy Minister Marina Hadjimanolis, during a time when ...

Space solutions firm SES and Cyprus-based connectivity provider Tototheo Global have announced the expansion of their long-standing collaboration through a new multi-year agreement to deploy SES FlexMaritime services across global ...

Hotel occupancy in Paphos has fallen sharply compared with last year, with the city and district seeing rates around 20 per cent lower than the corresponding period of 2025, according to hoteliers ...

Interior Minister Constantinos Ioannou is in Luxembourg today to chair a meeting of the Employment, Social Policy, Health and Consumer Affairs Council (EPSCO) in its housing configuration, as part of ...

Supervisory activities conducted by the Single Supervisory Mechanism (SSM) have proven effective in strengthening the management of risks related to commercial real estate portfolios within large euro area banks. A ...

The Cyprus Marine Club drew its largest audience to date, welcoming around 200 members and guests to a landmark gathering that brought together the island’s maritime community for an evening ...

Europe has the science. Now it needs the scale. An EU-backed start-up summit is trying to close that gap. By Tom Cassauwers In a conference space at the edge of ...

Global smartphone market shifts towards premium devices The global smartphone market is undergoing a major structural transformation, with manufacturers increasingly abandoning low-cost, high-volume strategies in favour of premium devices as ...

European Union member states directed €79 billion towards environmental protection assets throughout 2025, according to figures from Eurostat. These investments represented 0.4 per cent of the total EU gross domestic product and 1.9 per ...

The ​global personal luxury goods market is showing signs of a recovery in the ‌second quarter, despite the war in the Middle East, as demand in the US was stronger ...

Businesses across Cyprus, as well as other regions across the world, are bracing for a sharp rise in software expenses as Microsoft prepares to implement significant price increases from July 1, 2026. ...

Here are the top business stories in Cyprus from the week starting June 22: Cyprus’ hotel industry is looking to last-minute bookings to soften the impact of a difficult start to ...

By Nick Valiotti A CFO at a growing company asks a straightforward question on Monday: “What is the customer churn rate?” One figure comes back. Great. But by Thursday the ...