#business

Banks in Cyprus recorded a net decrease of €66.3 million in deposits and a significant increase of €429.9 million in loans during March 2025, according to a report by the Central Bank of ...

Cyprus’ industrial production recorded a steady rise of 4.3 per cent in the first two months of 2025 compared with the same period in the previous year, according to a report from ...

Nearly 40 per cent of Cypriots see opportunities to start a business, a new national report by the University of Cyprus has found. The 2023–2024 Entrepreneurship Report also revealed that 60.5 per cent ...

Turkey’s monthly inflation rate is expected to climb to 3.1 per cent in April, driven by energy prices and lira depreciation following the imprisonment of President Tayyip Erdogan’s main ...

Nearly 40 per cent of Cypriots see opportunities to start a business, a new national report by the University of Cyprus has found. The 2023–2024 Entrepreneurship Report also revealed that 60.5 per cent ...

The Deputy Ministry of Tourism reminded property owners that anyone operating short-term rentals without a registration permit is committing an offence and, if convicted, faces a fine of up to €5,000 ...

Tourism revenues in Cyprus reached €79.7 million in February 2025, marking an increase of 22.4 per cent compared with the same month last year (€65.1 million), according to an announcement issued by the statistical ...

The board of directors of the Bank of Cyprus is set to be expanded with new members, pending shareholder approval. A total of 14 resolutions are to be voted on at ...

A group of banks including Morgan Stanley, Bank of America, Barclays and Mitsubishi UFJ sold the final piece of debt tied to billionaire Elon Musk’s $44 billion buyout of social ...

Salamis Tours (Holdings) Public Ltd on Tuesday posted a robust financial performance for 2024, marked by double-digit revenue and profit growth across its business units, while also undergoing a major change ...

Cyprus is playing a central role in shaping Europe’s future tax landscape, with MEP Michalis Hadjipantela being appointed rapporteur of a key European Parliament report aimed at simplifying tax ...

Foreign investors have officially notified Cypriot authorities this week of plans to establish a new coastal ferry link between Cyprus and Lebanon, according to the announcement. The proposal, confirmed by ...

The US aviation industry, reeling from President Donald Trump’s trade war and a slump in travel demand, is lobbying the White House for exemptions from tariffs. Industry officials have ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced the launch of a targeted consultation by the European Commission on proposed transformative amendments to the regulation and supervision of ...

Nuclear energy continues to play a critical role in the European Union’s energy mix, covering approximately 22.8 per cent of total electricity generation, according to former chairman of the Cyprus ...

A bruising rollercoaster ride for markets in the first 100 days of the Trump administration has seen some investors move away from American assets, but it remains to be seen whether ...

British retail sales volumes fell by the smallest amount since October this month but stores expect conditions to worsen next month, according to a survey on Monday that reflected ongoing ...

The Cyprus Composite Leading Economic Index (CCLEI), compiled and assessed by the University of Cyprus’ Economics Research Centre (CypERC), continued its upward trend in March 2025. However, the annual growth rate ...

Cyprus_iT, a prominent digital ecosystem, marked its 8th anniversary this month, according to an announcement by its founder Oleg Reshetnikov. Created in Cyprus, the platform has played a crucial ...

Bank of Cyprus Holdings Public Limited Company announced on Monday that it will release its financial results for the quarter ended March 31, 2025 on Monday, May 12. The announcement will be made ...

Total sales of petroleum products in Cyprus reached 107,291 tonnes in March 2025, marking a slight annual decrease of 0.8 per cent compared to March 2024, according to official data published on Monday. The ...

TechIsland, Cyprus’ largest tech association, will host the fifth edition of its flagship event, the TechIsland Summit 2025, according to an announcement released on Monday. The annual full-day conference will take ...

The Cyprus Securities and Exchange Commission (CySEC) has announced the launch of a public tender for the provision of ‘Crypto-Asset Market Intelligence and Blockchain Analysis Service Solutions‘. The tender seeks ...

Artificial Intelligence is no longer a distant concept but a powerful reality shaping every sector of the global economy, including shipping, according to Christina Orphanidou, director of AI and data ...