#business

Cypriot startup ecosystem momentum builds heading into summer By Dionysis Partsinevelos The first four months of 2026 have seen seven Cyprus-based startups close funding rounds, bringing the total disclosed capital raised ...

Cyprus recorded a 1.8 per cent year-on-year increase in industrial production in March 2026, according to Eurostat, contrasting with declines across both the euro area and the European Union. The latest figures ...

Cyprus used two maritime events in Chios and Brussels this week to push its shipping priorities, with Deputy Minister of Shipping Marina Hadjimanolis calling for stronger cooperation, wider inclusion and ...

British consumers, shaken by the widening economic fallout from the Iran war, cut their spending last month for the first time since November 2024 ​as they focused on essentials rather than ...

The Cyprus Chamber of Commerce and Industry (Keve) announced this week that it will host a comprehensive webinar to provide a practical guide for businesses on the EU’s deforestation ...

Heathrow Airport said this week that its passenger numbers ‌fell 5 per cent to 6.7 million in April as the Iran ​war disrupted travel plans, ​with traffic from the Middle ⁠East plunging ...

Budget airline Wizz Air on Wednesday announced it will resume operations to and from Tel Aviv from May 28, 2026, while also confirming the addition of its 200th Airbus A321neo aircraft ...

The Central Bank of Cyprus (CBC) on Wednesday reported that 16 bounced cheques were recorded in April, with a total value of €36,152. The figures showed that 18 cheques were included in the ...

Cyprus-based publisher Digital Vortex Entertainment on Wednesday announced its participation in BitSummit PUNCH, where it will present its upcoming title DREADMOOR alongside developer Dream Dock. The event, described as Japan’...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Wednesday said that the European Central Bank (ECB) is increasingly likely to raise interest rates in June, while stressing that any ...

The University of Cyprus has appointed professor Constantine Dovrolis as the first holder of the XM Chair in Artificial Intelligence, marking the formal launch of a ten-year, XM-funded initiative worth ...

Deloitte on Wednesday published the results of the fifth edition of its Middle East and Cyprus Technology Fast 50, showcasing the region’s fastest-growing technology startups and the founders driving a ...

The Cyprus Shipping Chamber (CSC) held its 37th annual general meeting in Limassol on Wednesday, bringing together Cyprus’ political leadership, government officials, industry representatives and associates from Cyprus and abroad ...

President Nikos Christodoulides on Wednesday welcomed official estimates showing Cyprus’ GDP grew by 3 per cent year-on-year in the first quarter of 2026, describing it as the highest growth rate in the ...

Cyprus’ GDP grew by 3 per cent year-on-year during the first quarter of 2026, significantly outperforming both the euro area and the European Union. According to figures from both the Cyprus Statistical ...

Cyprus has placed gender equality in maritime firmly on the European agenda during its Presidency of the Council of the European Union, with Gender Equality Commissioner Josie Christodoulou calling for ...

Investors increased their bets on ​the Bank of England ‌raising rates in the coming months as ​global markets responded ​to the latest increase in ⁠tensions in the ​Strait of Hormuz ...

The Panama Canal is facing a renewed rush for priority passage, with shipowners and charterers paying millions of dollars to secure faster transit as disruption around the Strait of Hormuz ...

Demetra Holdings Plc on Wednesday announced that it completed the purchase of 7,050 of its own shares on May 12, acting through its brokerage representative CISCO to execute the latest round of ...

The Cyprus Development Bank Group (CDB) on Wednesday reported total net income of €17.2 million for 2025, marking a 25 per cent decline when compared with the €22.8 million recorded in 2024. The drop in ...

Eurolife on Wednesday announced that it has been recognised as the leading life insurance company in Cyprus, securing the title of Best Life Insurance Company Cyprus 2026 at the Global Banking ...

Independent power transmission operator Admie has received approval to submit a request to the European Investment Bank (EIB) for the funding of a due diligence study on the Greece-Cyprus electricity ...

Cyprus used two maritime events in Chios and Brussels this week to push its shipping priorities, with Deputy Minister of Shipping Marina Hadjimanolis calling for stronger cooperation, wider inclusion and ...

Scheduled for a 2029 debut, the digital euro is designed to fundamentally redefine European finance as the digital twin of physical cash. Functioning as the third pillar of the European monetary ...