#business

Sir Demis Hassabis, the son of a Greek Cypriot father from Famagusta, is using his move away from the day-to-day running of Google DeepMind to press for independent oversight of ...

Climate-related risks across EU and European Economic Area (EEA) banks remained broadly stable during the second half of 2025, while the availability and quality of climate data continued to improve, according ...

Greek banking groups with operations in Cyprus delivered stronger-than-expected second-quarter results, with faster lending growth, resilient interest income and rising fee revenue prompting analysts to remain upbeat about the sector’...

New European Union rules covering the design, production and disposal of vehicles entered into force this week, setting binding recycled-plastic targets and tightening controls on the export of used cars.  ...

Cyprus has spent years trying to turn itself into a technology hub, attracting fintech firms, software companies, gaming, startups and, increasingly, businesses built around artificial intelligence.  By several measures, it ...

Paralimni’s central core is a step closer to a major overhaul after the municipality secured planning permission for a redevelopment designed to reshape the heart of the town and ...

iPhone users spend approximately 40 per cent more on microdrama apps than Android users, according to new research published by technology analyst firm Omdia. The findings challenge common assumptions surrounding who ...

The share of coal in total EU electricity production fell to a historic low of 9.2 per cent in 2025, according to official data released by Eurostat on Thursday. The figures mark ...

Cyprus is looking to make artificial intelligence a central part of its tourism strategy, with Tourism Deputy Minister Kostas Koumis and Chief Scientist for Research, Innovation and Technology Demetris Skourides ...

Mitsides Public Company Limited completed the payment of a €410,000 final dividend to eligible shareholders on August 13, 2026, according to an announcement released on Thursday. This follows an initial market announcement made ...

The cost of filling a 1,000-litre heating oil tank in Cyprus has risen by almost €500 since March, prompting fresh questions over whether retail fuel prices are being properly monitored.  The ...

Cyprus banks’ non-performing loan ratio remained at 1.6 per cent at the end of May 2026, according to the Central Bank of Cyprus (CBC), leaving the sector’s asset quality significantly better ...

Cyprus recorded a 1.3 per cent drop in industrial output in June 2026, contrasting with stable production across the broader euro area, according to a report from Eurostat. The statistical office of ...

The Central Bank of Cyprus (CBC) has extended the deadline for companies seeking to mint, package and deliver Cyprus euro silver and gold collector coins, giving potential bidders until September 25, 2026 ...

Demetra Holdings Plc repurchased 3,660 of its own shares on August 12, 2026, as part of an ongoing share buyback scheme, according to an official corporate filing released on Thursday. The transactions were ...

The Cyprus Stock Exchange (CSE) on Thursday announced that it had extended the suspension of trading in the shares of the Reputation Exchange Plc on its Emerging Companies Market (ECM) ...

Paralimni’s central core is a step closer to a major overhaul after the municipality secured planning permission for a redevelopment designed to reshape the heart of the town and ...

Europe’s fragmented banking market has become a strategic vulnerability that could undermine the continent’s ability to finance its own future, according to Eurogroup President Kyriakos Pierrakakis. “Fragmentation is ...

Goldman Sachs expects the National Bank of Greece to make an interim distribution of around €220 million in the third quarter, despite management neither confirming nor ruling out such a move. ...

Greek food services conglomerate Vivartia group is in discussions over a potential sale of its food-service arm Evergood to a subsidiary of Fairfax Financial Holdings, with the talks having already ...

Hotel occupancy in the Paphos district is expected to reach between 85 and 90 per cent in August, according to Paphos hoteliers association president Evripides Loizides, who nevertheless warned that falling room ...

CoreWeave (CRWV.O) lifted its annual capital spending forecast ‌this week after beating second-quarter estimates, betting on a surge in demand for its AI cloud computing services, sending the company’...

Ryanair has announced that it will deploy Google’s Gemini AI tools and DeepMind models across its operations ​under a new five-year cloud partnership, using the technology to ‌help manage ...

Norway’s $2.3 trillion sovereign wealth fund, the world’s largest, posted a record profit of 1.75 ​trillion Norwegian crowns ($184.3 billion) for the first half of the ​year, lifted by technology stocks, ...