#business

Cyprus is looking to make artificial intelligence a central part of its tourism strategy, with Tourism Deputy Minister Kostas Koumis and Chief Scientist for Research, Innovation and Technology Demetris Skourides ...

Mitsides Public Company Limited completed the payment of a €410,000 final dividend to eligible shareholders on August 13, 2026, according to an announcement released on Thursday. This follows an initial market announcement made ...

The cost of filling a 1,000-litre heating oil tank in Cyprus has risen by almost €500 since March, prompting fresh questions over whether retail fuel prices are being properly monitored.  The ...

Cyprus banks’ non-performing loan ratio remained at 1.6 per cent at the end of May 2026, according to the Central Bank of Cyprus (CBC), leaving the sector’s asset quality significantly better ...

Cyprus recorded a 1.3 per cent drop in industrial output in June 2026, contrasting with stable production across the broader euro area, according to a report from Eurostat. The statistical office of ...

The Central Bank of Cyprus (CBC) has extended the deadline for companies seeking to mint, package and deliver Cyprus euro silver and gold collector coins, giving potential bidders until September 25, 2026 ...

Demetra Holdings Plc repurchased 3,660 of its own shares on August 12, 2026, as part of an ongoing share buyback scheme, according to an official corporate filing released on Thursday. The transactions were ...

The Cyprus Stock Exchange (CSE) on Thursday announced that it had extended the suspension of trading in the shares of the Reputation Exchange Plc on its Emerging Companies Market (ECM) ...

Paralimni’s central core is a step closer to a major overhaul after the municipality secured planning permission for a redevelopment designed to reshape the heart of the town and ...

Europe’s fragmented banking market has become a strategic vulnerability that could undermine the continent’s ability to finance its own future, according to Eurogroup President Kyriakos Pierrakakis. “Fragmentation is ...

Goldman Sachs expects the National Bank of Greece to make an interim distribution of around €220 million in the third quarter, despite management neither confirming nor ruling out such a move. ...

Greek food services conglomerate Vivartia group is in discussions over a potential sale of its food-service arm Evergood to a subsidiary of Fairfax Financial Holdings, with the talks having already ...

Hotel occupancy in the Paphos district is expected to reach between 85 and 90 per cent in August, according to Paphos hoteliers association president Evripides Loizides, who nevertheless warned that falling room ...

CoreWeave (CRWV.O) lifted its annual capital spending forecast ‌this week after beating second-quarter estimates, betting on a surge in demand for its AI cloud computing services, sending the company’...

Ryanair has announced that it will deploy Google’s Gemini AI tools and DeepMind models across its operations ​under a new five-year cloud partnership, using the technology to ‌help manage ...

Norway’s $2.3 trillion sovereign wealth fund, the world’s largest, posted a record profit of 1.75 ​trillion Norwegian crowns ($184.3 billion) for the first half of the ​year, lifted by technology stocks, ...

European financial regulators have proposed ending initial margin requirements for both new and existing uncleared derivatives contracts for counterparties whose average derivatives exposure falls below the €8 billion threshold under the ...

Crypto.com has launched its Tokenised Stocks product across the European Economic Area (EEA) through Cyprus-regulated Foris Capital CY Limited, offering eligible users price exposure to 1,500 US stocks and exchange-traded ...

A sharp rise in building permits points to a stronger construction sector and a positive outlook for the wider Cypriot economy, according to the Cyprus employers and industrialists federation (Oev) ...

Road freight transport in Cyprus increased in the first quarter of 2026, with the weight of goods moved within the country rising by 2.3 per cent and freight transported to and from ...

Hotel occupancy in the Famagusta district is expected to reach between 80 and 85 per cent in August, as the tourism sector recovers from a difficult start to the season, according to ...

International Maritime Organisation (IMO) Secretary-General Arsenio Dominguez has condemned the deadly attack on the cargo ship Tihamah off Yemen, warning that continued violence against commercial vessels is endangering seafarers and ...

Hotel occupancy in the Paphos district is expected to reach between 85 and 90 per cent in August, according to Paphos hoteliers association president Evripides Loizides, who nevertheless warned that falling room ...

Cyprus-based technology company Powersoft365 will return to Indonesia later this month with eight operational AI agents developed for the apparel, fashion and retail industry.  The company will showcase the technology ...