#business

Cyprus recorded the fourth lowest share of renewable energy in net electricity production among EU member states during the first quarter of 2025, according to data released by Eurostat. Across the ...

The Cyprus Chamber of Commerce and Industry (Keve) has released an announcement regarding the upcoming “The Future of Digital Investments in the EU” Conference 2025. The event is being organised by ...

As the US stablecoin bill, known as the GENIUS Act, advances in the Senate, a once-niche corner of the crypto industry is gaining rapid traction among global corporates. Stablecoins, a ...

Adobe Inc. has released its first dedicated artificial intelligence smartphone app that includes AI models from the company and partner firms, in a bid to tap into a growing trend ...

The bursting of interrelated credit and property bubbles has caused financial crises in the US and certain European countries, including Cyprus, in recent decades. The epicentre of the global financial ...

Global spending on cloud infrastructure services reached $90.9 billion in the first quarter of 2025, according to estimates by industry analysts Canalys. The company reported that this represents a 21 per cent increase ...

Here are the top business stories in Cyprus from the week starting June 16: Cyprus has slipped one place in the IMD World Competitiveness Yearbook 2025, ranking 44th globally, according to the ...

Could baby poop and fungi work together to tackle landfill waste? That’s the idea behind a new product launched by an Austin, Texas-based startup that sells disposable diapers paired ...

Ferrari (RACE.MI), opens new tab has delayed plans for its second fully-electric model that was due out in 2026 to at least 2028, because of a lack of demand for high-performance ...

British online fashion retailer ASOS (ASOS.L) has named Aaron Izzard, director of group finance, as its new CFO as the current finance boss, Dave Murray, will be stepping down ...

The Central Bank of Cyprus (CBC) on Friday made a slight downward revision to the country’s growth forecast for 2025, adjusting it to 3.1 per cent from 3.2 per cent in March. ...

Cyprus has deployed its first quantum communication network, led by scientists from the Cyprus University of Technology (CUT) as part of the Cyprus Quantum Communication Infrastructure (CYQCI) project. According to ...

ChatGPT maker OpenAI was awarded a $200 million contract to provide the US Defense Department with artificial intelligence tools, the Pentagon said in a statement this week. “Under this award, the ...

European truckmaking rivals AB Volvo (VOLVb.ST) and Daimler Truck (DTGGe.DE) hope to cut costs and reduce reliance on suppliers by jointly developing a software-defined vehicle program, they said ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday officially adopted a series of guidelines issued by the European Securities and Markets Authority (ESMA) concerning crypto-asset service providers (CASPs) operating ...

The Central Bank of Cyprus (CBC) on Friday made a slight downward revision to the country’s growth forecast for 2025, adjusting it to 3.1 per cent from 3.2 per cent in March. ...

Invest Cyprus on Friday issued a statement welcoming the decision by India’s Drone Destination to establish its European subsidiary in Cyprus. The agency, tasked with driving investment to the ...

Finance Minister Makis Keravnos on Friday called for urgent action to boost European competitiveness and reinforce the EU’s common defence as he arrived at the Economic and Financial Affairs ...

Petrolina (Holdings) Public Limited this week approved a final dividend of 2 cents per share at its 25th annual general meeting of shareholders. The decision came as the company reported a ...

Logicom Public Ltd on Friday announced the approval of a dividend payment of 10 cents per share, representing 29.4 per cent of the nominal share value, following decisions taken at its annual ...

Agros Progress Development Public Ltd, parent company of the Rodon hotel, held its annual general meeting (AGM) on Thursday, during which shareholders approved a dividend distribution and made several changes ...

The draft bill for the privatisation of the Cyprus Stock Exchange (CSE) was submitted to the House of Representatives on Thursday, paving the way for the selection of a strategic ...

Scientists, government officials and industry leaders gathered this week at the University of Cyprus for a presentation of a study documenting biodiversity in quarry zones, aiming to reshape policies on ...

Bitloops, a startup with team members in both Cyprus and Greece, has secured €1 million in pre-seed funding to advance its AI-powered development platform designed for professional frontend engineers. According to ...