#business

FIBA EuroBasket 2025 will be staged at Limassol’s Spyros Kyprianou Sports Centre from August 28 to September 4, marking Cyprus’ debut in the tournament. Deputy Minister of Tourism Costas Koumis said the ...

Cyprus has ranked bottom among EU member states in the latest Sustainable Development Report (SDR), released by the Sustainable Development Solutions Network (SDSN). The island placed 56th globally out of 167 ...

Cyprus leisure centres enjoyed strong business during the August 15 holiday, but industry leaders warned that all-inclusive packages and the rapid growth of Airbnb rentals are putting increasing pressure on restaurants, ...

The Pavlakis family group has completed an extensive renovation programme at its three Ayia Napa hotels, Nissi Beach Resort, Nissi Park and Alion Beach, as part of a long-standing policy ...

Greek shipowners control 21 per cent of the world’s merchant fleet with 5,520 vessels, maintaining their lead as the largest shipping power globally. Fleet capacity has grown by 50 per cent over ...

Cyprus’ accession to the Schengen Zone is of “key importance,” the association of large investment projects said, arguing that it could strengthen the country’s image as a safe and ...

Meta has signed a deal with generative AI lab Midjourney to license the startup’s “aesthetic technology” for the social media company’s future models and products. The technical collaboration ...

Spotify will raise prices as it invests in new features and targets 1 billion users, the Financial Times reported on Sunday citing the music streaming provider’s Co-President and Chief Business ...

Global central bankers gathered at a U.S. mountain resort over the weekend are starting to fear that the political storm surrounding the Federal Reserve may engulf them too. U....

Chinese e-commerce firm PDD Holdings beat market estimates for quarterly revenue on Monday, signaling a rebound in domestic demand and improved growth in its international business despite global trade uncertainties. ...

Cyprus’ accession to the Schengen Zone is of “key importance,” the association of large investment projects said, arguing that it could strengthen the country’s image as a safe and ...

Europe’s shipping industry will face its first financial bill under the European Union’s Emissions Trading System (EU ETS) on September 30, marking a watershed moment in efforts to curb ...

International premium-class travel grew faster than economy in 2024 as global demand for air transport continued to climb, the International Air Transport Association (IATA) said in its annual World Air Transport ...

Bank of Cyprus (BoC) has become the first lender on the island to allow customers to apply for a mortgage loan entirely online, with responses provided within 24 hours. The new ...

A Europe-wide survey has ranked Cyprus fifth for expat entrepreneurs, citing its strong startup density and solid survival rates, though limited venture capital remains a challenge. According to research by ...

The European Banking Authority (EBA) has published a new report on the use of technology tools in anti-money laundering and countering the financing of terrorism (AML/CFT) supervision, also known ...

Industrial production in the euro area decreased by 1.3 per cent in June 2025 compared with May 2025, according to estimates from Eurostat, the statistical office of the European Union. In the EU, ...

The euro area recorded a surplus of €7.0 billion in trade in goods with the rest of the world in June 2025, compared with a surplus of €20.7 billion in June 2024, according to ...

US federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the Congressional Budget Office as a result of tax and spending legislation ...

Hong Kong’s debt-laden developers and their creditors are set to face intensifying financial pressure as bond maturities are slated to jump by nearly 70 per cent next year amid falling ...

Here are the top business stories in Cyprus from the week starting August 18: Sports media platform Tribuna.com co-founder Dmitry Navosha has shared his story with the Cyprus Mail in ...

Cash-conscious consumers choosing to eat in rather than dine out have raised the prospect of an upturn in earnings for supermarkets and food delivery firms, according to data, analysts and ...

The Bank of England will cut interest rates by a quarter-point once more this year and then again in early 2026 as a resilient economy generates persistent inflation, according to most ...

The spectre of US stagflation is stalking global markets, causing some investors to position portfolios to dodge the potential damage that tariffs could wreak on growth and inflation in the ...