#business

Cyprus has once again been recognised as the fastest-growing startup ecosystem in the European Union, following the release of the 2025 StartupBlink Global Startup Ecosystem Index. According to a report published ...

Cruise company Celestyal has further reinforced its collaboration with Qatar Tourism, Visit Qatar and Mwani Qatar. The agreement was announced during the Arabian Travel Market exhibition, which took place from ...

Bank of England interest rate-setter Catherine Mann said she voted to keep borrowing costs on hold last week – having sought a big 50-basis point cut in February – because Britain’s ...

European Central Bank supervisors are asking some of the region’s lenders to assess their need for US dollars in times of stress, as they game out scenarios in which ...

Greece had the longest average weekly working hours in the European Union in 2024, according to data published this week by Eurostat. Greek workers spent an average of 39.8 hours per week ...

Cyprus is stepping up efforts to position itself as a gateway for Indian businesses expanding into Europe, a vision that is starting to take shape both strategically and on the ...

Cyprus has emerged as one of the standout performers in European tourism at the start of 2025, recording a 15.4 per cent increase in international arrivals compared to the same period last ...

Hellenic Bank on Wednesday announced a reduction in its base interest rate by 0.33 percentage points, from 1.75 per cent to 1.42 per cent, effective from May 16, 2025. “This move will benefit the majority ...

The Cyprus Securities and Exchange Commission (CySEC) this week issued two separate announcements relating to regulatory action and fund liquidation. In a decision made during its meeting on February 2025, the ...

Global asset managers held their biggest underweight position in the dollar in 19 years in May, as President Donald Trump’s chaotic trade policy cut investor appetite for US assets, Bank ...

The Cyprus Investment Funds Association (CIFA) on Wednesday welcomed the latest results from the Cyprus Securities and Exchange Commission’s (CySEC) quarterly bulletin for the country’s funds sector for ...

Transport Minister Alexis Vafeades on Wednesday said that the evaluation of bids for the deepening of the Larnaca marina is currently under way, with work expected to begin soon. He ...

Cyta marked World Telecommunications Day with a dedicated conference on women in science, technology, engineering, arts and mathematics (STEAM), aligning this year’s global theme — Gender Equality in Digital Transformation — ...

Plans are under consultation to rebuild a restaurant at Lady’s Mile beach, demolished in 2012, as part of broader updates to the planning framework for the British Bases. The proposal, ...

Cyprus’ environment department has rejected plans for a 33-turbine wind farm near two protected Natura 2000 zones, citing irreversible damage to wildlife habitats and increased threats to vulnerable species. The proposed 49.5...

The Nicosia tourism board (Etap) on Wednesday announced its participation in the IndusTour project under the Interreg Europe programme, a new European initiative aimed at promoting industrial tourism across six ...

Real estate is evolving fast, with blockchain at the centre of this transformation, as highlighted during a panel discussion at the recently-held REALTYon 2025 expo in Limassol. During the discussion, we ...

Ermes Department Stores Plc on Wednesday provided additional details regarding its strategic direction and ongoing operations, following the transfer of its ERA department store activity to Gencom Ltd. The company’...

Hellenic Bank on Wednesday announced a reduction in its base interest rate by 0.33 percentage points, from 1.75 per cent to 1.42 per cent, effective from May 16, 2025. “This move will benefit the majority ...

The state is working on a plan to alleviate social problems and ensure that citizens are happy President Nikos Christodoulides, said. Speaking at an event in Limassol on Tuesday, marking ...

Goldman Sachs cut its recession forecast for the US to 35 per cent from 45 per cent, the first major brokerage to do so, after a temporary tariff truce with China boosted ...

Hellenic Bank has received dual environmental certifications this year, according to an official announcemnet released this week. The announcement noted that this “affirms its ongoing commitment to environmental protection and ...

The Central Bank of Cyprus (CBC) has announced that it is accepting applications for the permanent posts of Officer Second Class. The vacancies are available in the Information Technology Department, ...

Global AI chipmaker Tenstorrent took its first concrete step toward establishing a presence in Cyprus during a strategic visit hosted by the office of the Chief Scientist for Research, Innovation ...