#business

By Demetris Stefani On March 2, 2026, the Strait of Hormuz, the world’s most critical energy passage, effectively closed. Approximately 20 per cent of global seaborne oil trade has been disrupted. Crude ...

Foreign ministers from more than 40 countries were updated on the International Maritime Organisation’s (IMO) response to the situation in the Strait of Hormuz during a virtual meeting hosted by ...

Five weeks after US and Israeli strikes on Iran, Tehran still holds effective control over passage through the Strait of Hormuz, allowing only limited vessel movements despite mounting international pressure ...

European Central Bank (ECB) officials have said that euro area banks are adjusting to declining central bank reserves while continuing to rely on favourable market conditions to manage liquidity. In ...

Atlantic Insurance Company Public Ltd has reported total profit attributable to shareholders of €20.18 million for 2025 and decided to propose a dividend of 17 cents per share, up from 14.5 cents the previous ...

Student housing is gaining strong investment momentum in Cyprus and Greece amid ongoing economic uncertainty, according to the co-founders of Cyprus-based proptech startup MyStudentFlat. In a piece of analysis released ...

The Central Bank of Cyprus (CBC) on Monday released its latest interest rate statistics for February 2026, showing declines in both deposit and lending rates alongside an increase in new loan ...

European Central Bank policymaker Yannis Stournaras ​said on Monday that ‌the appropriate eurozone monetary policy will depend on the size and ​nature of energy supply ​disruption from the Iran conflict. ...

The Cyprus Chamber of Commerce and Industry (Keve) has announced that it will host the Cyprus Market Access Day 2026 in Limassol later this month, in order to support businesses expanding ...

Venture capital firm Kinisis Ventures this week pointed to strong market momentum in the screen-less wearable technology sector, as major players raised billions while its portfolio company EQQU advances towards ...

Eurostat reported on April 6, 2026, that nights spent at camping grounds, recreational vehicle parks, and trailer parks across the European Union reached 413 million in 2025. While camping and caravanning accounted for 13.4 per ...

President of the Propeller Club Port of Piraeus Costis Fragoulis has warned of growing concern within the global shipping community over a rapidly deteriorating geopolitical environment affecting maritime trade. The ...

Youth Tech Fest Cyprus powered by Freedom24 was named the Best Youth Tech and Innovation Festival worldwide for 2026 and secured a second consecutive international award, while continuing to expand its ...

Demetra Holdings Plc will convene a board of directors meeting on April 23, in order to examine its final audited consolidated financial results for the year ended December 31, 2025. The announcement was ...

Finance Minister Makis Keravnos on Monday met with outgoing Fiscal Council president Michalis Persianis, focusing on economic matters and the transition of leadership at the council. During the meeting, which ...

Labour Minister Marinos Moushiouttas announced on Monday that the government is moving to address the Social Insurance Fund’s sustainability through high-level talks with the Finance Ministry, including on issues ...

The Central Bank of Cyprus (CBC) announced on Monday that all local banking institutions will be closed for a three-day period to observe the Orthodox Easter holidays. The scheduled closures ...

Eurobank S.A. on Monday announced that it successfully repurchased a total of 1,172,125 of its own shares as part of its ongoing share buyback programme. According to the announcement, the ...

The Central Bank of Cyprus (CBC) on Monday released its latest interest rate statistics for February 2026, showing declines in both deposit and lending rates alongside an increase in new loan ...

INXY, an EU-authorised payment platform with a presence in Cyprus, announced on Monday that it has raised $7 million in total seed funding to scale its cross-border payment infrastructure. The latest ...

The total number of registered unemployed persons in Cyprus reached 11,243 at the end of March, according to a report released on Monday by the state statistical service (Cystat). This figure ...

The Cyprus Statistical Service (Cystat) on Monday reported that the Index of Production in Construction surged by 9 per cent during the fourth quarter of 2025, when compared to the same period ...

The House plenum on Monday rejected the president’s referral of a law on small business bank accounts, reaffirming its support for the legislation previously approved. The referral was voted ...

The Cyprus Land Development Corporation (Koag) has signed contracts with B.K.V Exelixis General Constructions Ltd for the construction of the “Alexandra” residential development in Lakatamia, marking the launch ...