#business

Patsalides warns inflation risks are rising over energy Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has stated that inflation risks are gradually increasing because of persistently high energy prices, ...

The Bank of Cyprus (BoC) has been named Cyprus’ Best Digital Bank at the Euromoney Awards for Excellence 2026, recognising the lender’s digital achievements during the evaluation period from January 1, 2025 ...

Board points to stronger finances and digital progress The Cyta board of directors on Thursday presented its report covering its February 2024 to July 2026 term, describing the period as one marked ...

Cyprus tourism stakeholders moved to strengthen cooperation with local authorities earlier this week as the sector continues to face a more challenging summer season. Specifically, the Paphos Municipality met with ...

State Aid Control Commissioner Stella Michaelidou has approved an expanded research and innovation support measure, allowing the continuation of the Restart 2016–2020 programmes with an increased budget and the addition of ...

The final investment decision to develop the Kronos natural gas field in block 6 of Cyprus’ exclusive economic zone offers an opportunity to exploit the area’s remaining gas reserves for ...

Timur Turlov has formally announced his candidacy for the presidency of the International Chess Federation, signalling an ambitious bid to reshape global chess governance ahead of a crucial electoral contest ...

Middle East tensions weigh on Cyprus economic prospects Cyprus’ economy is expected to slow down in 2026 as inflation accelerates, according to updated economic projections published on Wednesday by the Economics ...

State Aid Control Commissioner Stella Michaelidou has ruled that the grant scheme for financing the operation of the Cyprus AI Factory Antenna Pharos-CY is compatible with European Union state aid ...

Gas field decision unlocks domestic energy opportunities, expert says The final investment decision to develop the Kronos natural gas field in block 6 of Cyprus’ exclusive economic zone offers an opportunity ...

The Bank of Cyprus is expected to deliver another strong quarter, with analysts forecasting robust profitability and the potential for generous shareholder distributions, as Greek and Cypriot banks continue to ...

Larnaca facility to support easyJet fleet under new long-term deal Aircraft maintenance firm Bird Aviation announced on Wednesday that it has signed a long-term agreement with low-cost airline easyJet to ...

Non-Cypriots more likely to be at extreme high and low ends of pay scale Cyprus’ average monthly earnings increased during the first quarter of 2026, according to provisional figures released by ...

The Cyprus Shipping Association (CSA) has welcomed the revision of the European framework for the green transition in shipping, saying it represents a significant opportunity for Cyprus to accelerate investment ...

Demetra Holdings Plc announced on Wednesday that it repurchased more of its own shares on the Cyprus Stock Exchange (CSE) following prior shareholder approval. The Cypriot investment firm said it ...

Factorial has evolved rapidly from an HR software provider into a broader AI-driven business management platform, reflecting the growing demand from small and medium-sized enterprises for integrated digital tools that ...

Cyprus’ newly established Cyprus Business Development Organisation is expected to become operational within the next 12 to 18 months, despite legislation creating the institution having already been approved by parliament. The organisation ...

The 50 highest-value property transactions completed in Cyprus during the first six months of 2026 were worth a combined €286.4 million, according to analysis released by real estate analytics firm Ask Wire. The ...

Mercedes-Benz (MBGn.DE) posted a higher profit in the second quarter helped by tough cost cuts, pushing its ‌shares up on Tuesday, but intense Chinese competition dented the outlook for ...

Average prices at British retailers rose by an annual 0.9 per cent this month, the ​smallest increase since December 2025, as the ‌men’s soccer world cup triggered supermarket discounts on alcohol ...

Barclays’ first half profits rose by a ​better than expected 17 per cent as it reaped bumper equities trading revenues from volatile markets, although ‌its shares dropped on Tuesday in a ...

Ellinas Finance Public Company Ltd on Tuesday confirmed the posting of dividend payments to eligible shareholders following its 2025 financial year results. The company announced that dividend entitlements were dispatched on ...

The Central Bank of Cyprus (CBC) on Tuesday published its 2025 Financial Stability Report, warning that although Cyprus’ financial system remains resilient, elevated geopolitical tensions, global uncertainty and emerging risks continue ...

The Central Bank of Cyprus (CBC) has found that Cyprus’s 2026 personal income tax reform will deliver its largest financial gains to upper-middle-income and high-income households, according to a recently ...