#business

An independent evaluation report has concluded that the €0.014 per share offer made by the Cyprus Trading Corporation (CTC) for the acquisition of Ermes Department Stores is fair and reasonable under ...

Wholesale trade turnover in Cyprus rose sharply in the first quarter of 2026, while activity in the sales and repair of motor vehicles sector declined compared with the same period a ...

Cypriot beverage company KEO plc announced on Monday that its board of directors has proposed a dividend payment to shareholders during a meeting held earlier today. The proposal involves a ...

The Cyprus Development Bank (CDB) announced on Monday that it will proceed with the payment of interest to bondholders for its CDBB1 series. The payment covers the six-month interest period ...

The Cyprus Stock Exchange (CSE) has announced that it authorised the listing of new 13-week government treasury bills totalling €50 million following a successful auction held on June 12, 2026. These securities consist ...

ICT sector stands out as success story in latest Cyprus competitiveness report The Cyprus Economy and Competitiveness Council on Monday presented the Cyprus Competitiveness Report 2025, highlighting the need to attract ...

Cyprus has moved to position itself among Europe’s more competitive jurisdictions for cryptocurrency investors, introducing a dedicated tax regime for crypto assets from January 1, 2026, with a flat 8 per cent ...

Total employment in Cyprus’ broad public sector reached 78,388 persons in the first quarter of 2026, marking a year-on-year increase, according to the state statistical service (Cystat). According to Cystat, employment in ...

Shipping Deputy Minister Marina Hadjimanolis on Monday welcomed Cuban Ambassador Ruben Pino Martinez to the Shipping Deputy Ministry, where the two sides discussed ways to deepen cooperation in the maritime ...

Cyprus’ Chief Scientist for Research, Innovation and Technology, Demetris Skourides, represented the country at two European science and policy meetings in Austria and Germany last week, as discussions focused on ...

Cyprus recorded 13,905 job vacancies in the first quarter of 2026, with the job vacancy rate standing at 2.8 per cent, according to the Statistical Service (Cystat).  Overall, the figures point to continued ...

The US-Iran agreement marks an important development for energy markets and global trade, although inflationary pressure is expected to remain in place for some time, according to University of Cyprus ...

Cyprus must avoid becoming a back-office hub, says VC analyst Cyprus’ startup ecosystem is entering a period of growing maturity, but challenges surrounding founder quality, access to capital and international ...

The International Maritime Organisation (IMO) has welcomed the peace agreement announced between the US and the Islamic Republic of Iran, saying it signals “a crucial return to peace, dialogue, multilateralism ...

The Cyprus Stock Exchange (CSE) has announced adjustments to the weight factors of two major financial institutions within the FTSE/CySE20 Index, effective from Monday, June 22, 2026. This decision follows the ...

Greek lender Eurobank S.A. announced on Monday that it had repurchased a total of 1,657,727 of its own shares between June 10 and June 12, 2026, as part of its ongoing share buyback ...

Limassol’s worsening traffic problem is no longer just a source of daily frustration, but a threat to the city’s growth, business confidence and ability to retain major companies, ...

Digital transactions in Cyprus are continuing to grow at a rapid pace, as consumers and businesses increasingly move towards card payments, mobile banking, electronic wallets and fintech applications. The shift ...

Amazon executive Panos Panay will headline a fireside chat on how innovation can be turned into real-world economic and social value during the international conference ‘Shaping the Next Digital Frontier’, ...

Cyprus joins EU-wide move to tax low-value imports Consumers in Cyprus purchasing goods from outside the European Union will face a temporary flat-fee duty of €3 per item starting July 1, 2026, according ...

IMF managing director Kristalina Georgieva has warned that European Union nations face a significant fiscal challenge as public debt levels threaten to climb sharply over the coming decades. Public debt ...

Brussels hosted the European Innovation Council Summit 2026 this month, where Laurence Petit, Director of Innovation at France’s CEA, shared insights on how Europe can transform scientific excellence into successful ...

Safety officials and education authorities recently launched a new fire safety educational programme for primary and secondary schools at the Astromeritis Primary School, according to an announcement released on Monday. ...

Global investment in data centre infrastructure is projected to reach $1.6 trillion by 2030, with major technology firms set to deploy more than $600 billion in artificial intelligence capital expenditure during 2026 alone, according ...