#business

The board of directors of ASBISc Enterprises Plc on Monday published the company’s estimated monthly consolidated revenues for May 2026. Specifically, the Cyprus-based IT distributor, commonly known as Asbis, announced ...

Cyprus has made progress in digital public services, connectivity and business digitalisation, but still needs to make online state services easier, more inclusive and better connected, according to the European ...

The Cyprus Chamber of Commerce and Industry (Keve) announced on Monday that a Cypriot delegation had recorded a successful participation at the Eurosatory 2026 international defence, security and equipment exhibition, which ...

Cypriot startup MammoCheck won first place in the National Bank of Greece’s 16th NBG Business Seeds Innovation and Technology Competition, standing out among 344 entries from Greece, Cyprus and abroad. ...

Cyprus hotels are looking more closely at local holidaymakers this summer, as the industry tries to protect a difficult season shaped by weaker foreign bookings, higher costs and the continuing ...

Greek shipowner Nikos Tsakos has given two new supertankers names drawn from basketball, using the announcement to renew his call for a stronger Greek flag presence across Greek-owned shipping.  Speaking ...

Cyprus is set to become the starting point for a new partnership between the National and Kapodistrian University of Athens and K Treppides & Co Group, after the two sides ...

Cyprus’ hotel industry is looking to last-minute bookings to soften the impact of a difficult start to the summer season, although reservations remain below the levels hoteliers had expected, chairman ...

The Cyprus Business Council (CBC) in Dubai took part in an EU Business Forum meeting on June 19, as European business stakeholders discussed regional developments, sectoral priorities and the next steps ...

The Cyprus Securities and Exchange Commission (CySEC) has launched two new public tenders covering regulatory support services and cloud infrastructure, with submission deadlines set for July 2026. Firstly, the regulator announced ...

The worldwide server market generated $122.6 billion in vendor revenue during the first quarter of 2026, according to the latest figures from IDC’s Worldwide Quarterly Server Tracker. The result represented a 30.4 ...

The Bank of Greece has reported a decline in the value of loans managed by domestic credit servicing companies and transferred to specialised financial institutions abroad. The total nominal value ...

Global shipments of extended reality (XR) headwear are expected to decline by 12 per cent to 6.2 million units in 2026, according to the latest forecast released by market research company Omdia, although ...

The European Securities and Markets Authority (ESMA) recently published its 2025 annual report, showcasing a year defined by enhanced supervision, regulatory simplification, and digital innovation. The report detailed how the regulator ...

The euro area current account recorded a surplus of €16 billion in April 2026, marking an increase from the €15 billion surplus observed in the previous month, according to data from the European ...

Cyprus Shipping Deputy Minister Marina Hadjimanolis will depart for Rome on Monday for a three-day working visit centred on an international shipping conference and a series of bilateral meetings with ...

Cyprus businesses urged to prepare for global competition In a rapidly evolving business environment, some discussions focus more on exploring uncertainties than providing clear answers. This insight comes from consultant ...

Construction output across the eurozone and the wider European Union saw a modest rise in April 2026 as industry figures signal ongoing recovery across the continent. According to the latest data ...

Here are the top business stories in Cyprus from the week starting June 15: Brussels hosted the European Innovation Council Summit 2026 this month, where Laurence Petit, Director of Innovation at France’...

The European Union saw a surge in its international trade activity during 2025, with exports of final services reaching a record level of 61 percentage points above 2017 levels, according to Eurostat. This ...

Elon Musk’s SpaceX (SPCX.O) is buying the startup behind the popular AI coding agent Cursor, Anysphere, for $60 billion in an all-stock deal to boost its presence in the ...

Digital Cooperation Organisation (DCO) Secretary-General Deemah AlYahya used her visit to Cyprus to strengthen a series of international and local partnerships, underlining the island’s growing role as an emerging ...

By Nektarios Michail and Kyriacos Lambrias Since the outbreak of the war between US and Iran and the subsequent intermittent closure of the strait of Hormuz, ship crossings have been ...

The euro area reported a trade in goods deficit of €1 bn in April 2026, marking a significant reversal from the surplus of €8.7 bn recorded in April 2025, according to the latest figures ...