#business

The risk of poverty among people who are employed remains a persistent issue across the European Union, with new Eurostat figures showing that 8.2 per cent of workers aged 18 or over ...

Cyprus retail trade rose sharply in September 2025, lifted by higher consumer spending across most categories, according to figures released on Monday by the Statistical Service (Cystat). The Turnover Value Index ...

Ryanair (RYA.I) reported six-month post-tax profit above expectations on Monday and nudged up its passenger traffic forecast after earlier than expected Boeing (BA.N) deliveries and strong first-half demand. ...

Cypriot beverage maker KEO plc‘s board of directors has decided to pay an interim dividend to its shareholders. According to an announcement following a board meeting, the total amount ...

Wellington Management Group LLP has reduced its voting rights in the Bank of Cyprus Holdings Public Limited Company to below the 5 per cent disclosure threshold, according to a regulatory filing. ...

Alpha Bank on Monday announced that it has completed the acquisition of substantially all assets and liabilities of AstroBank Public Company Ltd. This has resulted in the creation of Cyprus’ ...

The Cyprus Chamber of Commerce and Industry (Keve) released a statement Monday recapping the 5th Red Diamond International Business Women Awards. In its announcement, the chamber said the event, which ...

Cyprus’ Deputy Ministry of Shipping presented a slightly surplus budget for 2026, with expenditures set at €18.7 million and projected revenues of €20.3 million, during a session of the Parliamentary Finance Committee at ...

Cyprus’ shipping industry remains firmly committed to the green transition, even after the International Maritime Organisation (IMO) decided to postpone by one year discussions on the Net Zero Framework (NZF), ...

The global automotive display market reached 120.96 million units in the first half of 2025, up 5.1 per cent year-on-year, according to the latest report from Omdia Automotive Display Intelligence Service. “While overall ...

Global Communications Providers’ revenue is expected to reach $5.6 trillion by 2030, growing at a compound annual growth rate of 6.2 per cent from 2025, according to market intelligence firm Omdia. “This steady growth ...

The European Securities and Markets Authority (ESMA), the European Union’s financial markets regulator and supervisor, announced that cyber risk and digital resilience will remain central to its Union Strategic ...

EU-funded research is helping to turn old clothes into new, quality products, aiming to reduce textile waste and make recycled textiles the norm. By Ali Jones In a factory in ...

Snap is rolling out new personalization and customization features for its subscription-based social media platform Snapchat+, aiming to boost retention among its paying user base in an intensely competitive market. ...

Here are the top business stories in Cyprus from the week starting October 27: The economic history of Cyprus is a tale of resilience, often defined by its agile recovery from ...

Europe’s biggest telecommunications companies have urged the head of the European Commission to loosen EU merger rules, a move they said would boost much-needed investments in digital infrastructure and ...

PayPal (PYPL.O) saw a slowdown in payments activity in September that continued into October across both the US and Europe, as consumers became more selective in their purchases, CFO ...

Adobe said this week that its video and image editing tools can be controlled by chatting with them, adding that it is working with ChatGPT creator OpenAI to let users ...

The gross disposable income for Cypriot households, as well as that of non-profit institutions serving households, saw an annual increase of 8.4 per cent in 2024, according to figures released on Friday ...

By Miranda Xafa A public debt auction was held with paradoxical ease in June 2017. Argentina – a country with a long history of defaults – sold $2.75 billion of 100-year bonds denominated in ...

Global mergers and acquisitions activity grew 10 per cent in the first nine months of 2025 compared with the same period last year, extending a gradual recovery despite uncertainty over US tariff ...

Danone’s high-performing Chinese business drove a third-quarter sales beat earlier this week, with strong demand in China for infant milk formula and medical nutrition largely offsetting weakness in coffee ...

Instagram owner Meta (META.O) and other social media firms said this week that they will comply with a ban on users under the age of 16, adding that they will ...

The Cyprus Real Estate Development Association welcomed the unanimous approval by the House of Representatives of the new law establishing a framework for the control of foreign direct investments (FDI), ...