#business

Construction material prices in Cyprus continued to rise, with the price index of construction materials showing both monthly and annual increases in March, according to a report from the state ...

Greeek shipping magnate George Prokopiou’s Dynacom Tankers Management is continuing to trade through the Gulf, despite the security risks and disrupted shipping patterns in the Strait of Hormuz, with ...

Civil servants trade union Pasydy welcomed the submission to parliament of three bills aimed at overhauling recruitment in public service, saying the existing system was marked by serious weaknesses and ...

Five cruise ships stranded in Gulf ports since the outbreak of the Iran conflict have now cleared the Strait of Hormuz, taking advantage of a brief reopening of the waterway ...

The cost of implementing the digital euro could reach €18 billion, according to a new study, far exceeding previous figures cited by the European Central Bank (ECB). The updated cost study ...

Eurobank S.A. on Monday announced that it had repurchased more than one million shares as part of its ongoing share buyback programme. In a filing to both the Cyprus ...

Finding a home at a reasonable price in Cyprus is becoming increasingly difficult, with rents continuing to absorb a growing share of household income, especially for low-income earners. According to ...

Cyprus’ economy showed mixed but generally positive developments in early 2026, with gains in construction, tourism, and vehicle registrations offset by declines in trade, according to a report from the state ...

Cyprus was among the countries that posted solid gains in real minimum wages in 2026, even as inflation continued to erode purchasing power across much of Europe, according to an analysis ...

Cyprus tourism is showing the first signs of recovery after the geopolitical crisis battered bookings and fuelled misleading impressions abroad that the island was directly involved in the war, with ...

The Bank of Cyprus (BoC) was named ‘Best Private Bank Cyprus 2026’ in the Global Banking & Finance Awards, organised by Global Banking & Finance Review, in recognition of its standing ...

From recycling old satellites in space to turning rocket parts into fuel or beaming debris back to Earth, researchers are exploring new ways to tackle the growing problem of space ...

In the past few years, more and more high-growth companies have quietly shifted from selling in the public market to staying private for longer periods of growth. This shift is ...

The Cyprus Chamber of Commerce and Industry (Keve) has announced a training seminar on generative artificial intelligence tools, aimed at enhancing the integration of AI into business operations. The programme, ...

The Cyprus Ports Authority (CPA) has launched a tender for the granting of a licence to use and operate premises at the Old Port of Limassol, with an estimated value ...

Poland’s upgrade of its travel advisory for Cyprus to level 1 marks a positive development for the country’s tourism outlook, according to Deputy Minister of Tourism Kostas Koumis. The ...

Flights from Israel to Cyprus are expected to resume this week week, offering a reprieve to the island’s tourism sector, according to Cyprus Hoteliers Association (Pasyxe) director general Christos ...

Events in the Gulf war continue to attract global attention, despite the ongoing preoccupation here in Cyprus with our own Sandy-gate saga. President Trump has maintained a barrage of announcements, ...

State Aid Commissioner Stella Michaelidou has approved a state grant to Plug and Play Cyprus Innovation Centre to cover its operational costs, among other expenses. According to an announcement released ...

The Employers and Industrialists Federation (Oev) has outlined key labour developments for 2025 ahead of its annual general assembly later this month. Specifically, the assembly will take place in Nicosia on ...

By Pavlos Loizou, CEO Ask Wire  Walk through the centre of Nicosia, Limassol, or Larnaca and the pattern becomes impossible to ignore. Vacant plots sitting idle for decades. Buildings — put ...

As people increasingly turn to artificial intelligence for advice, some US lawyers are telling their clients not to treat AI chatbots like trusted confidants when their freedom or legal liability ...

Carmakers and battery companies facing a weak US market for electric vehicles are scrambling to repurpose battery factories to make energy-storage systems to fuel AI’s thirst for power instead. ...

Here are the top business stories in Cyprus from the week starting April 14: Cyprus remains the top global location for hiring in the online trading sector during the second quarter ...