#business

Ermes Department Stores Plc recorded a net profit of €15.3 million in the first half of 2025, primarily due to the completion of the disposal of its subsidiary Superhome Center DIY Ltd. ...

Woolworth (Cyprus) Properties Plc reported a sharp swing to profit for the first half of 2025, driven by lower financing costs, reduced administrative expenses and the completion of major debt-related transactions. ...

Cyprus recorded a strong rise in both tourist arrivals and resident returns in October 2025, underscoring a robust rebound in travel activity. According to the Cyprus Statistical Service (Cystat), tourist arrivals ...

The number of building permits issued in Cyprus during the first seven months of the year recorded a notable decline, despite increases in total value and area, according to a ...

The European Union (EU) allocated €1.72 trillion to healthcare in 2023, an amount equal to 10 per cent of the bloc’s gross domestic product, according to Eurostat. Germany recorded the highest level ...

Greek retailer Jumbo Group delivered a strong performance in October 2025, recording a double-digit rise in sales and maintaining its growth momentum despite a volatile international backdrop. According to the company, ...

The Cyprus Investment and Securities Corporation Ltd (CISCO) has been named the best asset management company in Cyprus for 2025 by Global Banking and Finance Review magazine. CISCO previously secured the ...

Nicosia is pushing ahead with the biggest expansion of its hotel stock in years, with projects that are expected to more than double the capital’s capacity by 2027. The city ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday released a statement summarising the recently-held annual general meeting of the Cyprus association of real estate agents, which forms part ...

Interior Minister Constantinos Ioannou said the government is pressing ahead with “major reforms aimed at modernising and simplifying procedures and the way basic services operate that affect citizens’ daily lives”, ...

Cyprus is experiencing a clear shift in both legal and irregular migration as geopolitical pressures and labour needs reshape arrivals, according to Deputy Minister of Migration Nicholas Ioannides. The minister ...

Worldwide spending on telecommunication and pay TV services is projected to reach $1.53 trillion in 2025, marking a 1.7 per cent increase year on year, according to the International Data Corporation (IDC). The ...

Worldwide tablet shipments declined 4.4 per cent year over year in the third quarter of 2025, totalling 38 million units, according to data from the International Data Corporation (IDC). Following six consecutive quarters ...

Car demand is expected to experience a sluggish recovery across the eurozone, according to the European Central Bank (ECB), whose latest report was based on it Consumer Expectations Survey (CES). ...

By turning wastewater sludge into biocoal and green hydrogen, EU-funded researchers are helping reduce the steel industry’s environmental impact. By Tom Cassauwers What comes out of our wastewater treatment ...

As Europe prepares for the leap to 6G, researchers, policymakers and citizens are working together to make sure that the next digital revolution is not just faster, but also ethical, ...

Here are the top business stories in Cyprus from the week starting November 10: An agreement was signed on Thursday to bring to an end the months of wrangling between workers ...

The number of registrations of EU businesses increased by 4.0 per cent during the third quarter of 2025, compared with the second quarter of 2025, according to Eurostat. At the same time, the ...

IBM (IBM.N) announced on this week that it has built a new experimental quantum computing chip called Loon that demonstrates it hit a key milestone toward making useful quantum ...

The euro area recorded a trade in goods surplus of €19.4 billion with the rest of the world in September 2025, compared with €12.9 billion in September 2024. Exports from the euro area rose ...

Shipping’s training ecosystem is straining under accelerating change, with senior figures warning that operational pressures, shrinking manning levels and a compliance culture are eroding seafarer competence. Although companies acknowledge ...

Cyprus’ economy recorded robust growth in the third quarter of 2025, with new national and European data confirming that the country continues to outperform the wider region. According to a flash ...

The European Securities and Markets Authority (ESMA) recently released its first comprehensive assessment of the total costs borne by investors in UCITS and AIFs. UCITS are EU-regulated retail investment funds ...

The traditional HR model is obsolete, according to Perha Group founder Mariana Hadjiantoniou, who built her consultancy on the need for a people-centred direction. Hadjiantoniou began her career in human ...