#business

Turkey’s central bank posted a loss of 700.4 billion lira ($18.4 billion) in 2024, according to its balance sheet published in the Official Gazette this week. In 2023, the bank had posted a ...

Interior Minister Constantinos Ioannou on Tuesday said that the government is moving ahead with a series of draft laws which aim to improve land development and construction processes in Cyprus. ...

Cyprus continues to attract strong interest from Polish travellers, with 2024 marking an all-time record for arrivals from Poland, according to Deputy Tourism Minister Kostas Koumis. Speaking during promotional events held ...

The Cyprus Statistical Service released its bimonthly economic development bulletin on Tuesday, covering activity across a number of sectors for January and February 2025. Specifically, the report offers detailed updates on ...

The Limassol municipality has greenlit three large-scale projects aimed at upgrading the city’s public space. These include the reconstruction of Anexartisias Street, the creation of two green routes and ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday reported that assets under management (AUM) by Collective Investments surged to €10.1 billion in the fourth quarter of 2024. This represents a quarter-on-quarter ...

The International Chamber of Shipping (ICS) has welcomed a series of landmark updates to the Maritime Labour Convention (MLC), following an intense week of negotiations at the International Labour Organisation (...

My Mall Limassol is moving ahead with an expansion plan worth over €60 million, while Leptos Estates’ residential development Limassol Park is nearing key delivery dates, according to reports that emerged ...

Britain’s biggest companies adopted their most defensive stance since early 2020 in the run-up US President Donald Trump’s April 2 tariff announcements and focused on boosting cashflow, cutting costs and ...

Despite facing persistent structural challenges, the Cypriot manufacturing industry continues to demonstrate remarkable resilience in the face of international turbulence, according to the Employers and Industrialists Federation (Oev). Moreover, the ...

Cyprus-headquartered ASBIS Enterprises has published its remuneration report for the 2024 and 2023 financial years, offering a detailed view into the company’s executive pay practices, business strategy, and financial performance. The ...

Cypriot investment platform Sophic, backed by Athlos Capital, this week announced the launch of Money Market Funds (MMFs). The company described MMFs as a “new low-risk investment option designed to ...

Logicom Public Ltd has announced that its board of directors will convene on April 24, 2025, to examine the company’s audited consolidated financial statements for the financial year 2024. The meeting will ...

BYD, the world’s leading manufacturer of electric vehicles, has officially appointed Alpan Group as its national dealer partner in Cyprus, marking a major step forward in the country’s ...

The Cyprus Hoteliers Association (Pasyxe) on Monday reported a strong increase in hotel bookings during the current period ahead of Easter, reflecting heightened demand across the island. Speaking to the ...

The Cyprus Statistical Service (Cystat) on Monday reported a significant decline in the number of building permits issued during December 2024. Specifically, a total of 385 permits were authorised during this time, ...

Consumer protection service (CPS) officers on Monday began recording the prices of 41 key products at 125 retail premises across Cyprus, ahead of the Easter celebrations. The findings will be made public ...

London-based fintech app Plum, which also has offices in Cyprus, announced on Monday that it has secured £15 million in venture debt financing from global financial group BBVA. According to the ...

Hellenic Bank on Monday released a statement reaffirming its leadership in sustainability by becoming the first company in Cyprus to voluntarily adopt the Corporate Sustainability Reporting Directive (CSRD) and the ...

The Girls in STEAM Academy, in collaboration with Cyta, on Monday announced the launch of a new programme titled Etimes (Ready). This new initiative is aimed at supporting young women ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a new circular reminding Cyprus Investment Fund Managers (CyIFMs) of their obligations regarding the compliance of their websites and marketing communications. ...

The Bank of Cyprus, along with its subsidiaries, on Monday announced the signing of a binding agreement to acquire 100 per cent of Ethniki Insurance Cyprus Ltd from Ethniki Hellenic General ...

Cyprus airports are set for another record-breaking year, with 55 airlines scheduled to operate flights to and from 158 destinations across 39 countries this summer, according to Hermes Airports’ Maria Kouroupi. The company, ...

A large-scale mixed-use development is planned for the site of the historic KEAN factory in Limassol, with the project currently under public consultation by the environment department. The Environmental Impact ...