#business

European shipyards are under pressure to cut costs and clean up. A new EU-funded initiative aims to help them do both, with digital tools and better tracking of energy use ...

European Supervisory Authorities recently published their first annual overview of major ICT-related incidents in the European Union financial sector, revealing a rising pattern of cross-border disruptions and warning that increasingly ...

The European Banking Authority (EBA) has published its draft methodology, templates and guidance for the 2027 EU-wide stress test, introducing major changes aimed at simplifying data requirements and improving risk sensitivity ...

Industry analysts at market intelligence firm Omdia presented new data at NEM Dubrovnik 2026, forecasting that streaming platform Netflix will reach nearly 400 million subscribers globally by the end of 2031. This milestone ...

By Kyriaki Stinga and Dorina Mastora Most professionals would point to effective controls, robust governance, adequate resources, regulatory expertise or technological sophistication. All of these are important. They also share ...

The global economy is facing a serious, but not unprecedented, energy crisis. The transportation of oil and natural gas has been negatively affected, mainly due to the closure of the ...

Semiconductor revenue surged by 27 per cent during the first quarter of 2026, reaching a total of $319bn, according to the latest research from Omdia. This record-breaking growth marks the highest quarterly ...

Half of all businesses currently find themselves trapped by unnecessary software subscriptions, a concerning trend that is stifling digital innovation across Europe as companies struggle with ballooning IT costs. These ...

From predicting climate change to developing new medicines, supercomputers underpin modern science. Europe and Japan are now working together to make them even more powerful and reliable. By Tom Cassauwers ...

Here are the top business stories in Cyprus from the week starting June 8: Bernhard Schulte Shipmanagement (BSM) has appointed Elena Pantazidou as Chief People Officer, effective June 1, 2026, reporting to the ...

Streaming revenue reaches $176 billion in milestone year Online video services strengthened their dominance in 2025, with research firm Omdia reporting that global streaming subscriptions climbed sharply while pay-TV subscriptions continued to ...

Greek households experienced a quiet but significant erosion of wealth between 2021 and 2025 as inflation significantly outpaced the returns on traditional bank savings, according to a new report from Freedom24. While ...

Cyprus businesses are among the highest in the European Union for social media adoption, with nearly 80 per cent of enterprises integrating these platforms into their daily operations. According to figures ...

Cyprus is punching above its weight in the European labour market as the latest Eurostat figures reveal a significant surge in the number of people finding work during the opening ...

The European Union saw 3 million unemployed people secure jobs during the first quarter of 2026, marking a significant period of transition within the continental labour market. This figure represents 22.9 per cent ...

Greek lender Eurobank has launched a five-year programme for the free allocation of shares to management executives and employees, as well as staff at affiliated companies. Implementation of the programme ...

The National Bank of Greece has announced the launch of the first phase of its 2026 share buyback programme, following approvals granted by shareholders and regulatory authorities. The first phase of ...

Medochemie marked its 50th anniversary in 2026, reflecting on a journey that transformed a Limassol-based start-up into a global pharmaceutical exporter built on vision, innovation and sustained international expansion. Behind five ...

Demetra Holdings Plc on Friday announced that it has completed a fresh acquisition of its own shares. According to the announcement, the firm successfully acquired a total of 3,744 own shares ...

The Republic of Cyprus on Friday signed an agreement with the government of the Hong Kong Special Administrative Region of the People’s Republic of China aimed at eliminating double ...

The profitability of Cyprus’ banking sector fell by 23.6 per cent during the first quarter of 2026, according to updated aggregate figures by the Central Bank of Cyprus (CBC). The Central Bank ...

Cyprus ranks third in eurozone for pension fund numbers Cyprus retained the third-highest number of pension funds in the eurozone despite a decline of more than 30 per cent over the ...

The non-performing loan ratio within Cyprus’ domestic banking sector remained unchanged at 1.6 per cent during March 2026, when compared with the figures from December 2025. According to official data from the Central ...

Cyprus is punching above its weight in the European labour market as the latest Eurostat figures reveal a significant surge in the number of people finding work during the opening ...