#business

Cyprus was among the euro area countries where banks increased deposit rates less aggressively following the European Central Bank’s (ECB) interest rate hikes, according to a new ECB working ...

Euro area companies reported tighter lending conditions and higher borrowing costs during the second quarter of 2026, while financing needs edged higher and inflation expectations remained broadly stable, according to the ...

Columbia Group chief executive Andreas Hadjipetrou has set out a strategy of measured expansion, tighter internal cooperation and greater seafarer support, three months after taking charge of one of the ...

Petrolina (Holdings) Public Limited announced on Tuesday that it has decided to commence operations for five separate special purpose companies established to develop individual phases of the ambitious Land of ...

Cyprus startups and scaleups have been invited to take part in the European Startup Pitch Session in Rome on September 22 and 23, 2026, with the Cyprus Chamber of Commerce and Industry (Keve) ...

ASBISc Enterprises Plc this week reported that estimated consolidated revenues for June had risen to approximately $649 million, up by roughly 74 per cent from June 2025, in a trading update from the ...

European shipowners have urged the European Commission to prevent double carbon charges and redirect billions raised from shipping towards cleaner fuels and technology, warning that the EU Emissions Trading System ...

The PwC Foundation continued to expand its contribution to education, entrepreneurship and community support during the 2026 financial year, with PwC Cyprus reporting a wide range of initiatives aimed at creating ...

Cyprus Cement Public Company Ltd announced on Tuesday afternoon that it completed a further share buyback, acquiring 1,790 of its own shares at €1.33 each for a total value of €2,380.70. The transaction ...

Cyprus debt ratio falls to 54.6 per cent in first quarter of 2026 Cyprus reduced its government debt ratio in the first quarter of 2026, recording one of the largest annual declines in ...

Hadjimanolis lines up India shipping mission Cyprus and India are seeking to turn their expanding political ties into concrete maritime partnerships, with Shipping Deputy Minister Marina Hadjimanolis preparing an official ...

The Pancyprian Cooperative Society for Participation and Promotion of Cooperativism has announced the launch of an online platform allowing the public to purchase shares in the proposed Pancyprian Cooperative Bank ...

Cyprus recorded a general government surplus of €567.10 million in the first quarter of 2026, as public revenue continued to rise despite a faster increase in government expenditure, according to preliminary figures ...

Cyprus’ outstanding tax debt rose to €4.64 billion by the end of 2025, with immediately collectable arrears reaching €3.32 billion, according to data from the Tax Department. The figures were reported by Philenews, ...

A second tanker managed by Greek shipowner George Procopiou’s Dynacom Tankers Management has been struck in the Strait of Hormuz, as commercial traffic through the waterway fell to a ...

Mitsides Public Company Limited confirmed on Tuesday that shareholders approved a final dividend of €0.05 per share during its annual general meeting held on July 17, 2026, alongside a series of governance decisions. “...

Demetra Holdings Plc announced this week that board member Mark Klerides had stepped down from the board of directors and the boards of its subsidiaries, marking a leadership change alongside ...

The Financial Wellbeing Institute (FWI) has been selected as one of the ten founding organisations of FIN.e, a new European alliance designed to strengthen financial literacy and financial wellbeing ...

Petrolina launches five companies for Land of Tomorrow project Petrolina (Holdings) Public Limited announced on Tuesday that it has decided to commence operations for five separate special purpose companies established ...

JCC loses final appeal over government payments contract Cyprus has concluded a four-year tender process for the management of government electronic payment services, awarding the contract to VivaBank after a ...

Cyprus Airways and Air France have launched a new codeshare agreement covering flights between Larnaca Airport and Paris Charles de Gaulle Airport, strengthening connectivity between Cyprus and one of Europe’...

The Cyprus Union of Shipowners (CUS) has praised Cyprus for strengthening the country’s maritime influence during its six-month presidency of the Council of the European Union, which ended on ...

The Cyprus Borrowers Protection Association (Syprodat) has welcomed the launch of the public share offering for the proposed Pancyprian Cooperative Bank, while stressing that the project’s success will ultimately ...

Global shipping remains in “crisis mode” as fighting between the US and Iran disrupts the Strait of Hormuz, forcing companies to reconsider routes, absorb rising costs and protect crews operating ...