#business

Seasonally adjusted services production across the European Union experienced a contraction in November 2025, according to Eurostat. This monthly decline of 0.5 per cent in the EU and 0.6 per cent in the ...

The European Banking Authority (EBA) has initiated a public consultation regarding draft amendments to its guidelines on systemic risk buffers specifically designed to mitigate climate change risks. The revised framework ...

NatWest (NWG.L) reported a 24 per cent jump in annual profit on Friday, just ahead of forecasts, and set more ambitious performance targets as it steps up investment in Britain’...

Finance Minister Makis Keravnos on Friday said that Cyprus recorded economic growth of 4.5 per cent in the fourth quarter of 2025, confirming the resilience of the Cyprus economy despite external challenges. “...

Cyprus has approved a new National Tourism Strategy to 2035, targeting 5 million visitors while upgrading quality and ensuring development respects sustainable principles, Deputy Tourism Minister Kostas Koumis said on Friday after ...

Cyprus’ tourism sector achieved record-breaking arrivals and revenues in 2025, underscoring strong real income growth and improved market diversification, according to a analysis by Eurobank’s Konstantinos Vrachimis. Total tourist arrivals ...

Cyprus’ economy recorded stronger growth in the fourth quarter of 2025, with new national and European data confirming that the country continued to outperform the wider region. According to a flash ...

The board of directors and management of Cyta on Friday issued a statement clarifying the organisation’s position on proposed amendments to the law governing its operation and its planned ...

Cyprus’ house energy committee is examining revised opening hours for recreation centres, as part of a government bill aimed at modernising the catering sector and strengthening the competitiveness of the ...

Building activity in Cyprus continued to strengthen in October 2025, according to data released on Friday by the state statistical service (Cystat). A total of 855 building permits were authorised during the ...

The Cyprus Information Technology Enterprises Association (CITEA) on Friday expressed satisfaction with the initiative to restore Sopaz and the wider revitalisation plans for the area. CITEA’s president George Malekkos ...

Cyprus has reaffirmed its commitment to gender equality in science, technology and innovation, describing it as a cornerstone of socio-economic development. Speaking at the 11th Assembly of the Royal Academy ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday announced that it is joining the International Organisation of Securities Commissions in a pre-Valentine’s Day global awareness campaign to combat ...

The Employers and Industrialists Federation (Oev) has issued a warning against renewed efforts to impose additional extraordinary taxes on bank profits, arguing that such measures would harm the economy and ...

The cruise industry can become a key driver of growth for the Cypriot economy, provided it operates with sustainable practices and respect for the city, DP World Limassol CEO Simon ...

There are no plans at present to impose water supply cuts on hotel units or industrial facilities, either in Limassol or nationwide, the director of the Water Development Department (WDD), ...

Cyprus has recorded a 23.2 per cent reduction in its net domestic energy use intensity over the last decade, according to Eurostat. The figures show that the EU economy used 56.1 million ...

Airports and airlines warned the European Commission that the rollout of the Schengen Entry/Exit System (EES) is already causing significant delays at border control, with waiting times reaching up ...

Cyprus’ tax reform has revised rates and deductions and also substantially raised financial penalties, with the changes entering into force on January 1. According to Philenews, the objective is to make ...

Industrial producer prices for energy in the domestic market across the European Union fell by 1.3 per cent in December 2025 compared with the previous month, according to Eurostat. These figures represent ...

Publisher Digital Vortex Entertainment, part of Utmost Games, has announced the acquisition of Bylina, an action-adventure title by Far Far Games, and released its first playable demo. Utmost Games is ...

Last year, Eirini Syntihaki was renting an apartment she loved in central Athens near friends, work and the city’s many streetside cafes. Then a few months ago, her flatmate ...

Aegean Airlines will resume flights between Paphos and Athens, adding three weekly services from July 3, 2026, according to an announcement by the Paphos regional tourism board (Etap). The decision was discussed ...

The Cyprus Chamber of Commerce and Industry (Keve) on Thursday released a statement outlining its position against the proposed imposition of additional taxation on banks, arguing that such a measure ...