#business

Porsche’s new ​CEO appealed to shareholders for patience on Tuesday, promising detailed turnaround measures later this ‌year as investors press the sports car maker to reverse a slump in ...

Oracle’s (ORCL.N) total workforce declined 13 per cent, or about 21,000 employees, in fiscal 2026, as the cloud computing giant continued restructuring ​its business, partly driven by the adoption of AI ...

European and global shipowners have called for closer alignment between EU and international ship recycling rules, warning that diverging standards risk complicating the sector just as the new global framework ...

Banks association calls for cooperation with new parliament, stresses need for financial stability Cyprus’ banking sector has called for close cooperation with the state and the newly elected House of ...

Investment firm Demetra Holdings bought back a total of 6,881 of its own shares on June 22, through the Cyprus Investment & Securities Corporation (CISCO),following authorisation from its annual general meeting. ...

Limassol hotels bank on locals to bridge summer occupancy gap Limassol’s hotel sector is banking on last-minute bookings and domestic tourism to lift summer demand, as occupancy rates remain ...

Digital euro to offer offline payments by 2030 The digital euro will offer offline transactions, physical cards for people who do not use smart devices and a full rollout by 2030, according ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has said that the central bank is examining the activation of a systemic risk buffer, while warning that strong current performance should ...

Lending criteria for businesses and households in Cyprus remained unchanged during the first quarter of 2026 compared to the previous three-month period, according to the latest bank lending survey published by ...

The Cyprus Cement Public Company bought back 2,480 of its own shares on June 22, 2026, through ProChoice Chrimatistiriaki. According to an announcement on Tuesday, the share repurchase was conducted following a decision ...

Cyprus’ state visit to India was always going to be measured through meetings, agreements and official photographs. For partner and chief operating officer at Oesterreichischer Lloyd Shipping Group Sunil Kapoor, ...

The European Central Bank (ECB) this week delivered a firm signal regarding its monetary policy direction as the euro area navigates a period of heightened geopolitical tension and persistent economic ...

Cyprus reaffirmed its growing reputation as an emerging technology and innovation hub during its participation in the VivaTech 2026 international exhibition, held in Paris from June 17 to June 20, 2026. The Ministry of ...

The Cyprus Presidency of the Council of the European Union will host a High-Level Conference in Paphos on June 26, titled “Strengthening EU Islands and Coastal Communities”. The event, which is ...

ERB Asfalistiki on Tuesday announced that it has reaffirmed its support for the Ministry of Defence and the National Guard, continuing for the 11th consecutive year a partnership focused on ...

The PwC Foundation has awarded 14 scholarships to first-year students at the University of Cyprus and the Cyprus University of Technology (Tepak), continuing its support for equal access to education for ...

Invest Cyprus is seeking to reconnect UK-based Cypriot professionals with the island’s labour market, as the Minds in Cyprus initiative continues in London on Tuesday with a career-focused event ...

Cyprus Shipping Deputy Minister Marina Hadjimanolis attended the gala dinner held on the sidelines of the ICS 2026 Shaping the Future of Shipping Summit in Rome, as Cyprus continues to strengthen ...

Wizz Air this week announced it has increased its summer operations to meet high seasonal demand, currently managing 1,200 flights per day and transporting over 200,000 passengers daily. The carrier has implemented ...

Cyprus’ presence at Eurosatory 2026 in Paris has emphasised the country’s growing effort to turn its defence industry from a small research-led sector into a more outward-looking part of the ...

The International Maritime Organisation (IMO) has used this year’s Day of the Seafarer to call for greater protection for crews working in dangerous waters, warning that ships carry “more ...

John Denholm CBE has been appointed chairman of the International Chamber of Shipping (ICS), succeeding Emanuele Grimaldi after four years at the head of the global shipowners’ body.  The decision ...

The European Union recorded a significant €186.6 billion trade surplus with the United Kingdom during 2025, according to a report from Eurostat. The latest data indicates that the European Union exported goods ...

Cyprus’ hotel industry is looking to last-minute bookings to soften the impact of a difficult start to the summer season, although reservations remain below the levels hoteliers had expected, chairman ...