#business

AEGEAN and Olympic Air have informed passengers that following a decision by the Greek authorities, air traffic control services will not be suspended on Wednesday October 1, 2025. Consequently, all scheduled domestic ...

Limassol port operator DP World on Tuesday used the occasion of this year’s world tourism day to reaffirm its “dedication to harnessing tourism’s transformative power for Cyprus’ economy, ...

OpenAI generated about $4.3 billion in revenue in the first six months of 2025, which is roughly 16 per cent higher than its total revenue for all of last year, The Information reported ...

Demetra Holdings Plc has continued its share buyback programme with a new round of purchases carried out on September 29, 2025, through the Cyprus Investment and Securities Corporation Ltd (CISCO). On September 29, ...

Cyta Business’ participation as a strategic partner in this year’s Inspire Festival “reaffirms its commitment to supporting a platform that showcases innovation, creativity and the human side of Cypriot ...

The Mall of Cyprus (MC) Plc has reported a rise in operating profit and net profit after tax for the first half of 2025 while confirming that no significant changes are ...

A new verification of payee service will be implemented by all banks operating in Cyprus and the SEPA zone in October 2025, aiming to enhance the security of electronic payments. The ...

The preferred method for submitting bids in all types of privatisations should be open, transparent, with equal access to information and free of conditions that could reduce the final price, ...

The Mall of Engomi (ME) Plc this week reported a sharp increase in profit after tax for the first half of 2025 while confirming that no significant changes are expected in ...

Cyprus’ robust fund framework and status as a top ship management centre place it at the crossroads of alternative credit and maritime financing, according to Michalis Vasiliou, executive director at ...

Revenue from tourism in Cyprus rose by 8.2 per cent in July 2025, reaching €513 million, according to a report released on Monday by the state statistical service. Officials said this figure marked ...

Cyprus’ Industrial Production Index reached 125.8 units in July 2025, using 2021 as the base year set at 100 units, according to the statistical service. This represented an increase of 1.8 per cent compared with ...

The Eastern Mediterranean’s shipping community is moving, albeit unevenly, towards cutting greenhouse gas emissions, according to the first wave of the METAVASEA survey conducted between June and November 2024, just ...

The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical capital buffer (CCyB) for exposures in the Republic of Cyprus at 1.5 per cent. In a statement on Monday, ...

A comprehensive package of legislative reforms has been introduced to modernise procedures, simplify processes and facilitate business activity in Cyprus. The reforms are part of the implementation of the action ...

Elon Musk, CEO of X, SpaceX, Tesla and Starlink, met with the leadership of the BRIDGE Summit at Tesla’s headquarters in Palo Alto, California, to discuss the future of ...

Demetra Holdings Plc on Monday announced the buyback of its own shares through the Cyprus Investment and Securities Corporation Ltd (CISCO). According to an announcement on the Cyprus Stock Exchange (...

The Cyprus Stock Exchange (CSE) on Monday announced the continuation of the suspension of trading of the shares of Toxotis Investments Public Ltd, A. Tsokkos Hotels Public Ltd and Dome ...

Thousands of visitors attended European Researchers’ Night at the State Fair in Nicosia on September 26, 2025, according to an announcemnet by the Research and Innovation Foundation (RIF). The foundation described the ...

Lufthansa will cut 4,000 administrative jobs by 2030 and set higher profitability targets, the German airline group said on Monday, as it seeks to boost efficiency through digitalisation and automation. Shares in ...

Cypriots in the City, the UK’s largest and fastest growing network for Cypriot professionals, recently hosted its “Together in the City” event. The event, held on September 24, was co-organised ...

Cyprus has the most generous personal income tax break in the European Union, sparing the first €19,500 of earnings from tax.   That cushion, higher than anywhere else in the bloc, helps ...

Revenue from tourism in Cyprus rose by 8.2 per cent in July 2025, reaching €513 million, according to a report released on Monday by the state statistical service. Officials said this figure marked ...

Around 15,000 applications from third-country nationals seeking permits to acquire real estate in Cyprus have been submitted over the past five years, according to Interior Minister Constantinos Ioannou.  The minister provided ...