#business

Cyprus residents faced continued difficulty affording a week-long annual holiday in 2025, with Eurostat data released on Thursday showing that 27.6 per cent of people aged 16 and over could not afford a ...

Koumis defends Cyprus tourism performance amidst global challenges Tourism revenue figures for May and the first five months of 2026 confirmed that Cyprus tourism has returned to a stable recovery path, ...

The Bank of England kept interest rates on hold as expected on Thursday, but a third policymaker backed a rate hike due to renewed conflict between the United States and ...

Public Group recorded stronger operational performance in 2025, with the retailer reporting sales above €500 million, higher profitability and continued expansion across Greece and Cyprus, according to results released on Thursday. The ...

Drop in UK arrivals, among other markets, hits Cyprus tourism revenue Cyprus’ tourism revenue fell by 4.8 per cent in May 2026 as the war in Iran depressed visitor arrivals, particularly from ...

Shareholders of The Mall of Engomi and The Mall of Cyprus have ratified their 2025 financial statements and re-elected two directors at their annual general meeting held on July 30, 2026. Both public ...

Patsalides warns inflation risks are rising over energy Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has stated that inflation risks are gradually increasing because of persistently high energy prices, ...

The Bank of Cyprus (BoC) has been named Cyprus’ Best Digital Bank at the Euromoney Awards for Excellence 2026, recognising the lender’s digital achievements during the evaluation period from January 1, 2025 ...

Board points to stronger finances and digital progress The Cyta board of directors on Thursday presented its report covering its February 2024 to July 2026 term, describing the period as one marked ...

Cyprus tourism stakeholders moved to strengthen cooperation with local authorities earlier this week as the sector continues to face a more challenging summer season. Specifically, the Paphos Municipality met with ...

State Aid Control Commissioner Stella Michaelidou has approved an expanded research and innovation support measure, allowing the continuation of the Restart 2016–2020 programmes with an increased budget and the addition of ...

The final investment decision to develop the Kronos natural gas field in block 6 of Cyprus’ exclusive economic zone offers an opportunity to exploit the area’s remaining gas reserves for ...

Timur Turlov has formally announced his candidacy for the presidency of the International Chess Federation, signalling an ambitious bid to reshape global chess governance ahead of a crucial electoral contest ...

Middle East tensions weigh on Cyprus economic prospects Cyprus’ economy is expected to slow down in 2026 as inflation accelerates, according to updated economic projections published on Wednesday by the Economics ...

State Aid Control Commissioner Stella Michaelidou has ruled that the grant scheme for financing the operation of the Cyprus AI Factory Antenna Pharos-CY is compatible with European Union state aid ...

Gas field decision unlocks domestic energy opportunities, expert says The final investment decision to develop the Kronos natural gas field in block 6 of Cyprus’ exclusive economic zone offers an opportunity ...

The Bank of Cyprus is expected to deliver another strong quarter, with analysts forecasting robust profitability and the potential for generous shareholder distributions, as Greek and Cypriot banks continue to ...

Larnaca facility to support easyJet fleet under new long-term deal Aircraft maintenance firm Bird Aviation announced on Wednesday that it has signed a long-term agreement with low-cost airline easyJet to ...

Non-Cypriots more likely to be at extreme high and low ends of pay scale Cyprus’ average monthly earnings increased during the first quarter of 2026, according to provisional figures released by ...

The Cyprus Shipping Association (CSA) has welcomed the revision of the European framework for the green transition in shipping, saying it represents a significant opportunity for Cyprus to accelerate investment ...

Demetra Holdings Plc announced on Wednesday that it repurchased more of its own shares on the Cyprus Stock Exchange (CSE) following prior shareholder approval. The Cypriot investment firm said it ...

Factorial has evolved rapidly from an HR software provider into a broader AI-driven business management platform, reflecting the growing demand from small and medium-sized enterprises for integrated digital tools that ...

Cyprus’ newly established Cyprus Business Development Organisation is expected to become operational within the next 12 to 18 months, despite legislation creating the institution having already been approved by parliament. The organisation ...

The 50 highest-value property transactions completed in Cyprus during the first six months of 2026 were worth a combined €286.4 million, according to analysis released by real estate analytics firm Ask Wire. The ...