#business

Cyprus wants to become a leading artificial intelligence hub in the Eastern Mediterranean by 2032, with the government focusing on how the technology can improve public services and strengthen five of ...

Silicon Valley has unicorns. I believe Cyprus should have agrinos. Here is why. By Stylianos Lambrou In 2021, I came up with the name TechIsland as a country brand for Cyprus. ...

Cyprus could face continued pressure on fuel prices, transport costs and business expenses well into 2027, as the International Energy Agency (IEA) warned that global oil markets would remain tight despite ...

Cyprus is moving to strengthen oversight of its cryptocurrency market, with proposed legislation providing for penalties of up to €15 million for serious breaches and expanded enforcement powers for the Central ...

Bank of Cyprus (BoC) has extended the tenure of group chief executive Panicos Nicolaou until December 31, 2031, following a decision by the boards of BoC Holdings at their respective meetings on ...

The Cyprus Chamber of Commerce and Industry (Keve) has drawn attention to European funding opportunities available to Cypriot SMEs and startups through the Cascade Funding mechanism, particularly for businesses working ...

European Union services production returned to growth in July 2026 as seasonally adjusted output rose by 0.3 per cent across the bloc and by 0.4 per cent in the euro area, according to ...

Oil prices climbed towards $107 a barrel on Wednesday, as fresh attacks on tankers in the Strait of Hormuz and Saudi Arabian energy infrastructure threatened the recovery of Gulf exports, raising ...

Global shipments of public displays and signage TVs rose to more than 1.73 million units in the second quarter of 2026, up from 1.61 million in the previous quarter, according to research firm ...

Cyprus and Germany are exploring new business partnerships in energy storage, smart grids and electric mobility, as a German business delegation visits the island for a series of meetings aimed ...

Cyprus is stepping up efforts to improve women’s access to funding, technology and business opportunities in rural communities, Gender Equality Commissioner Josie Christodoulou said on Wednesday, emphasising new training ...

The number of bounced cheques in Cyprus rose by 47.8 per cent in September 2026, reaching 34 cheques worth €97,622, compared with 23 cheques valued at €74,655 a year earlier, according to figures released on Wednesday ...

Plans to supply electricity to ships at Limassol port remain dependent on securing a connection to the national power grid and European funding, despite progress on technical studies, with key ...

Cyprus is seeking to strengthen clinical research and improve patients’ access to innovative medicines, with government officials, healthcare professionals and pharmaceutical industry representatives calling for closer cooperation to address delays ...

Cyprus needs a coordinated strategy for shipping, energy and environmental protection to support port investment and modernisation, Cyprus shipping agents association president Reginos Tsanos said, warning that separate planning and ...

By Stephania Constantinou Early this month, the S&P 500 rose 0.6 percent to a new high, taking its gain for the year to more than 14 percent. The main reason is ...

Oil prices climbed towards $107 a barrel on Wednesday, as fresh attacks on tankers in the Strait of Hormuz and Saudi Arabian energy infrastructure threatened the recovery of Gulf exports, raising ...

Cyprus’ fintech sector is approaching 200 companies, with around 55 per cent involved in payments, but the growth of digital finance is putting fresh demands on regulation, cybersecurity and the people running ...

EU goods exports to Canada rose 1.2 per cent in 2025, reaching €48.80 billion, while imports increased much more sharply to €33.00 billion, leaving the bloc with a €15.80 billion trade surplus, according to Eurostat. ...

The European Union recorded a high-tech trade surplus of €32.4 billion in 2025, driven by strong export growth in pharmaceuticals and aerospace products, according to figures published by Eurostat. The statistical agency ...

Traditional banks have won the first battle with fintech companies, but Cyprus must speed up regulatory procedures, cut bureaucracy and attract skilled workers if it wants to compete in digital ...

The Cyprus Chamber of Commerce and Industry (Keve) will hold a fully subsidised two-day training programme on artificial intelligence (AI) in Nicosia on November 11-12, 2026, aimed at helping businesses use ...

Cyprus could become an important partner in India’s expanding defence and maritime security strategy with opportunities for joint industrial projects, cybersecurity cooperation and naval engagement, Indian defence expert Professor ...

Aegean Airlines will maintain its flight routes to and from Paphos International Airport in 2027, providing continued air links with Athens and onward connections to key European tourism markets, the Paphos ...