#business

Senior European and Cypriot central bank officials highlighted the growing importance of the digital euro in strengthening the European Union’s strategic autonomy, during an event held at the House ...

The Cyprus Financial Literacy and Education Committee (CyFLEC) highlighted the importance of practical financial skills during a recent event organised in Nicosia by the Financial Wellbeing Institute. “Success is not ...

Greece’s Energy Ministry on Monday confirmed that it is in advanced technical discussions with the European Commission to secure funding support for the independent transmission system operator Admie through ...

Cypriot flour and pasta manufacturer Mitsides Public Company Limited on Monday disclosed a number of decisions taken during its board of directors meeting, including the scheduling of its next annual ...

The Bank of Cyprus (BoC) on Monday confirmed that it will release its financial results for the first quarter of 2026 on May 11, before the opening of trading on Euronext Athens ...

Cyprus is seeking to strengthen its role in space technologies and remote sensing, Deputy Research Minister Nikodemos Damianou said on Monday, as more than 250 delegates from over 30 countries gathered in ...

Eurobank S.A. on Monday announced that it repurchased 1,528,806 own shares between April 20 and April 24, 2026, as part of its ongoing share buyback programme. The programme, which commenced following an announcement ...

Celestyal’s two cruise ships have safely returned to the Mediterranean after transiting the Strait of Hormuz and the Suez Canal, clearing the way for the company to restart its ...

Columbia Group has appointed Andreas Hadjipetrou as its new Chief Executive Officer, with Demetris Chrysostomou named Deputy Chief Executive Officer, the company announced.  Hadjipetrou, a longstanding member of the organisation, ...

Three-quarters of AI’s economic gains are being captured by just 20 per cent of companies, with leading businesses using the technology to drive growth rather than simply improve productivity, according ...

Petroleum product sales surged by 18.6 per cent year-on-year in March 2026, reflecting strong demand despite ongoing volatility in fuel prices. According the Cyprus Statistical Service (Cystat), total sales reached 127,272 tonnes during ...

Almost half of non-Cypriot workers earn less than €1,500 The average monthly earnings of employees in Cyprus rose to €2,605 in 2025, according to a report based on provisional data published by the ...

Europe’s ​biggest broadcasters and media groups warned EU regulators that a planned law to ‌curb unfair digital practices should target Big Tech, not publishers and broadcasters already heavily regulated, ...

Private equity firm Zubr Capital has announced a Series A investment in Cyprus-based Soloband Games, marking a significant step in the expansion of the country’s gaming ecosystem. According to ...

Cyprus’ labour market is facing growing pressure as economic growth, low unemployment and the expansion of technology companies have increased demand for workers across key sectors, from construction and tourism ...

The Cypriot economy has shown strong resilience despite rising geopolitical uncertainty, but high energy costs, delayed reforms and labour shortages continue to limit its growth prospects, according to Employers and ...

Cyprus recorded 7.87 per cent of internet users purchasing e-books or audio books in 2025, according to Eurostat, placing the country below the EU average but showing robust growth compared with the ...

By Maria Christofi Public procurement procedures are often surrounded by persistent misconceptions such as the perception that they are strictly formal processes where “the lowest price always wins” and where ...

Growth in frontier AI models has slowed significantly, while smaller and midsized models are rapidly expanding in both capability and adoption, according to market intelligence firm Omdia. The findings were ...

Greek consumers are adopting a more structured and strategic approach to spending on beauty and wellness products, according to a Revolut survey conducted by market research company Dynata. The findings ...

Apple’s leadership change is the start of a new phase for the iPhone maker, in which the focus will be on whether its deep hardware heritage can be successfully ​...

OpenAI has announced that it is expanding partnerships with major global consulting firms to speed up enterprise adoption of its ​Codex artificial intelligence tools, as competition in the ‌rapidly evolving ...

When Tesla released its annual report for US regulators in January, the Texas-based automaker, led by the world’s richest man, reported a federal tax bill of zero dollars for 2025. ...

Here are the top business stories in Cyprus from the week starting April 20: State Aid Commissioner Stella Michaelidou has approved a state grant to Plug and Play Cyprus Innovation Centre ...