#business

The European Commission on Monday fined e-commerce platform AliExpress €550 million after finding that it failed to properly assess and reduce risks linked to illegal, unsafe and counterfeit products sold through ...

The Cyprus Securities and Exchange Commission (CySEC) has welcomed a follow-up review by the European Securities and Markets Authority (ESMA) that recognised significant improvements in the supervision of cross-border activities ...

The board of directors of Petrolina (Holdings) Public Ltd met on Monday at the company offices in Larnaca to decide on the distribution of an interim dividend for the current ...

Cyprus’ construction material prices rose further in June, driven by sharp increases in aluminium, plastics and electrical fixtures, according to figures released by the Statistical Service (Cystat) on Monday. The ...

Cyprus-based fintech and iGaming companies expanding abroad are underestimating cyber risks, according to Andrey Leskin, CTO at Qrator Labs, who warned that firms entering high-growth regions may face targeted digital ...

Cyprus’ pledge to deliver 10,000 new homes marks an important step towards tackling the country’s housing challenges, but meaningful progress will ultimately depend on whether the country can create the ...

Mitsides Public Company Limited has approved a final dividend of €0.05 per share, totalling €410,000 from the profits of the 2023 financial year, during the eighteenth annual general meeting held on July 17, 2026. According ...

Demetra Holdings announced on Monday that it repurchased 4,960 of its own shares following a board session held on July 17, 2026. The company executed this buyback at a price of €1.53 per share. ...

Eurobank announced on Monday that it has repurchased a total of 2,907,000 shares between July 13, 2026, and July 17, 2026, as part of its ongoing share buyback programme. The bank carried out these transactions ...

The Housing Finance Corporation (HFC) has launched a tender for external advisory services to support the sale of a non-performing loan (NPL) portfolio estimated at around €135 million, a move its ...

Cyprus tax inspectors are carrying out checks around the clock, targeting businesses in coastal areas where the summer season has brought a sharp rise in economic activity. The nationwide campaign ...

Global shipping remains in “crisis mode” as fighting between the US and Iran disrupts the Strait of Hormuz, forcing companies to reconsider routes, absorb rising costs and protect crews operating ...

On a small island, clothes have long memories. A dress can be worn for a few hours and photographed into permanence, recognised months later across another room by someone who ...

The University of Cyprus and the Association of Cyprus Banks (ACB) recently signed a memorandum of understanding establishing a structured framework for cooperation in education, research, innovation and stronger links ...

A quote of €2,500 for four days in Protaras is pushing some Cypriot families to look beyond the island, as the August 15 holiday rush leaves fewer rooms available and sends prices ...

A family of four could spend around €120 on a single day at an organised beach in Cyprus, as higher charges for beach equipment, expensive food and drinks and the journey ...

Shipping Deputy Minister Marina Hadjimanolis has paid tribute to Qatar’s late Father Amir Sheikh Hamad bin Khalifa Al Thani, after visiting the country’s embassy in Nicosia to sign ...

Ports, energy installations and military facilities across the Persian Gulf face a heightened risk of attack, maritime security firm EOS Risk has warned, as fresh US strikes on Iran raise ...

Large technology firms are increasingly encroaching on traditional banking, prompting the International Monetary Fund (IMF) to demand a comprehensive overhaul of how these conglomerates are policed to ensure global financial ...

Global shipments of desktops, notebooks and workstations declined by 3.6 per cent year on year in the second quarter of 2026 as rising memory and storage costs disrupted the PC market, according ...

IBM said it had “faltered” in keeping pace with a shift in corporate spending from software to data-center infrastructure ‌and would take a big earnings hit in the second quarter, ...

SpaceX’s slip close to its initial public offering price risks turning a marquee stock-market debut into a ​confidence test, potentially unsettling retail investors and complicating decisions for other companies ...

Intel has decided to use a high-end machine from ASML to manufacture some of ​its flagship Panther Lake laptop chips, ASML has announced, a move that will help the chipmaker ...

Global smartphone shipments fell by 4 per cent year-on-year in the second quarter of 2026 as an ongoing memory crisis disrupted supply chains and pushed up component costs, according to the latest ...