#business

Turkey’s car and light commercial vehicle market climbed to an all-time high in 2025, with nearly one in six cars sold being fully electric, industry data showed on Wednesday. Despite ...

Budget airline Wizz Air has announced the launch of its new year’s sale, offering discounted fares of up to 26 per cent on 5 million seats across its network for a ...

The Central Bank of Cyprus (CBC) announced on Wednesday the launch of the first institutionalised dialogue with representatives of key sectors of the Cypriot economy. The aim of this new ...

With the new year underway, the tax department is moving to apply a tougher enforcement framework, as tax reform measures aimed at improving compliance and collectability take effect. According to ...

Cyprus recorded the lowest inflation rate in the eurozone in December, with consumer prices estimated to have risen by 0.1 per cent year on year, unchanged from November, according to preliminary ...

Registered unemployment in Cyprus fell in December 2025, with official data showing fewer people out of work compared with both the previous month and the same period a year earlier, reflecting ...

Cyprus continues to offer relatively cheaper borrowing for households, particularly for housing, while delivering the lowest deposit returns in the euro area, according to the European Central Bank (ECB). The ...

Employers and payroll executives are being invited to a pair of webinars aimed at clarifying how Cyprus’ recent tax reform will affect the taxation of individuals from 2026 onwards. Organised jointly ...

Cyprus and Ukraine marked an important moment in their bilateral relations this week, with an official dinner held in Nicosia on the occasion of the first-ever visit to Cyprus by ...

Paphos is set to strengthen its links with Germany in the summer of 2026, as Ryanair expands its presence on the route and Lufthansa adds scheduled flights from Munich. This move ...

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, announced the launch of the first selection procedure for a Consolidated Tape Provider for over-the-counter ...

Blue Island Plc has announced that the acquisition of immovable property at Akrotiri in Limassol has been completed, finalising a transaction first disclosed in November 2025. “Further to our announcement on ...

ASBISC Enterprises Plc, the Cyprus-based IT distributor primarily known as Asbis, has announced the publication schedule of its periodic financial reports for the 2026 financial year, informing investors of key reporting ...

C.O. Cyprus Opportunity Energy Public Company Ltd announced this week that it undertook no operational activities during 2025, as it provided an update to the market on developments relating to ...

In a period of intense international upheaval and heightened uncertainty, Cyprus has shown it can preserve stability and growth prospects, Yannis Misirlis, chairman of the Cyprus Property Developers Association, said. ...

Cyprus’ assumption of the rotating Presidency of the Council of the European Union from January 1, 2026, is being seen as a positive development for European shipping. It also carries added significance ...

Shipping Deputy Minister Marina Hadjimanolis on Monday said that Cyprus’ maritime sector enters 2026 in “stronger shape”, having overcome recent disruptions, and has further bolstered its global standing. Indeed, shipping continues ...

Safe Bulkers, Inc., the Limassol-linked dry-bulk shipowner listed on the New York Stock Exchange, has approved quarterly cash dividends on its Series C and Series D cumulative redeemable perpetual preferred ...

Focus must be on visitors leaving satisfied, says Koumis Deputy Minister of Tourism Kostas Koumis on Monday said that early signs for 2026 tourism bookings were extremely encouraging, stressing that the ...

Cyprus’ economic climate improved in December 2025, according to the University of Cyprus’ Economics Research Centre (CypERC). This uplift was primarily driven by stronger business sentiment in services and retail trade ...

Cyprus’ Industrial Turnover Index rose in October 2025, highlighting continued growth across most industrial sectors and reflecting stronger manufacturing and export activity. According to the state statistical service (Cystat), the index ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a formal circular to all regulated entities in Cyprus requiring the immediate submission of specific information to facilitate the implementation of ...

The Paralimni-Deryneia municipality is turning to one of its natural advantages to strengthen its tourism offer, unveiling a new diving guide aimed at promoting the area’s marine wealth and ...

Deputy Tourism Minister Kostas Koumis has called for a shift toward year-round sustainability, arguing that the future of Cypriot tourism depends on local gastronomy and the untapped value of the ...