#business

Cyprus has the potential to become a key location for data centres, according to Andreas Poullikkas, an expert in energy systems and former chairman of the Cyprus Energy Regulatory Authority (...

The Industrial Turnover Index in Cyprus reached 128.1 units in January 2025, with 2021 serving as the base year set at 100 points. This marked a 5.8 per cent increase compared with January 2024, according to ...

Artificial intelligence group MLCommons unveiled two new benchmarks that it said can help determine how quickly top-of-the-line hardware and software can run AI applications. Since the launch of OpenAI’s ...

In his first remarks as Intel’s (INTC.O) new CEO, Lip-Bu Tan this week outlined a leaner version of the iconic American chipmaker in which he would work directly ...

The frenzy to create Ghibli-style AI art using ChatGPT’s image-generation tool led to a record surge in users for OpenAI’s chatbot last week, straining its servers and temporarily ...

Isomorphic Labs, which uses artificial intelligence technologies for drug discovery, has raised $600 million in its first ever external funding round led by Thrive Capital, the startup has announced. Google Ventures ...

Here are the top business stories in Cyprus from the week starting March 31: Mike Vasiliev, CEO of AI-powered property startup Placy, is no stranger to the intersection of real estate ...

Roblox has launched a new format of video advertising on its gaming platform and announced a partnership with Google (GOOGL.O) to help boost the growth of its nascent ad ...

Prices in British shops fell less in March than in February and are likely to climb soon due to the impact of a new tax on employers and other costs ...

British house prices were flat in March and the market is likely to stay soft after a tax increase on property transactions, mortgage lender Nationwide said this week. A Reuters ...

Tourism revenue in Cyprus reached €69.2 million in January 2025, marking a substantial increase from the year before, according to a report released on Friday by the state statistical service. This represents ...

By Maria Demertzis Geopolitical risks and a fragmenting multilateral system haven’t forced businesses to significantly shorten their supply chains. Tariffs might.  Growing pressures in international trade haven’t undermined ...

SoftBank-owned chip tech provider Arm Holdings (O9Ty.F) recently sought to acquire UK-based Alphawave (AWE.L) to secure a crucial technology for building its own artificial-intelligence processors, according to ...

British manufacturers endured a torrid March as the US tariff threat and looming tax increases at home contributed to a plunge in new orders and ebbing optimism, a business survey ...

Cyprus’ Ministry of Energy, Commerce and Industry on Friday announced that it recently participated in the international maritime exhibition Sea Asia 2025 with an information booth. The initiative was carried out ...

The number of registered unemployed persons in Cyprus recorded a slight decrease in March 2025, according to seasonally adjusted data released by the Cyprus Statistical Service (Cystat). Specifically, the total figure ...

Tourism revenue in Cyprus reached €69.2 million in January 2025, marking a substantial increase from the year before, according to a report released on Friday by the state statistical service. This represents ...

Cyprus’ investment potential will take centre stage at the 3rd Capital Link Cyprus Business Forum in New York on Friday, where president Nikos Christodoulides will deliver the keynote speech at ...

The Cyprus Information Technology Enterprises Association (CITEA) has warned that the domestic ICT sector’s momentum may stall without urgent investment in skills and institutional support. The association delivered this ...

President Nikos Christodoulides met with Jason Rickett, Head of Corporate Relations at financial services group Citi, in New York on Thursday to discuss the global financial group’s services and ...

Technology has become an integral part of every professional sector, with real estate being no exception, according to Marinos Kineyirou, president of the Cyprus Real Estate Agents Registration Council. In ...

Inflation in Cyprus for March stood at 1.6 per cent, according to the latest Consumer Price Index (CPI) data released this week by the Cyprus Statistical Service. The index rose to 117.25 ...

The Cyprus Property Developers Association has welcomed the implementation of a fast-track building permit process for medium-risk developments, praising the Interior Ministry’s efforts to speed up licensing procedures. In ...

President Nikos Christodoulides held a meeting on Thursday in the United States with Richard Mashaal, founder of Senvest Management, and Brian Gonick, the company’s head of investments. Government spokesperson ...