#business

Cyprus debt ratio falls to 54.6 per cent in first quarter of 2026 Cyprus reduced its government debt ratio in the first quarter of 2026, recording one of the largest annual declines in ...

Hadjimanolis lines up India shipping mission Cyprus and India are seeking to turn their expanding political ties into concrete maritime partnerships, with Shipping Deputy Minister Marina Hadjimanolis preparing an official ...

The Pancyprian Cooperative Society for Participation and Promotion of Cooperativism has announced the launch of an online platform allowing the public to purchase shares in the proposed Pancyprian Cooperative Bank ...

Cyprus recorded a general government surplus of €567.10 million in the first quarter of 2026, as public revenue continued to rise despite a faster increase in government expenditure, according to preliminary figures ...

Cyprus’ outstanding tax debt rose to €4.64 billion by the end of 2025, with immediately collectable arrears reaching €3.32 billion, according to data from the Tax Department. The figures were reported by Philenews, ...

A second tanker managed by Greek shipowner George Procopiou’s Dynacom Tankers Management has been struck in the Strait of Hormuz, as commercial traffic through the waterway fell to a ...

Mitsides Public Company Limited confirmed on Tuesday that shareholders approved a final dividend of €0.05 per share during its annual general meeting held on July 17, 2026, alongside a series of governance decisions. “...

Demetra Holdings Plc announced this week that board member Mark Klerides had stepped down from the board of directors and the boards of its subsidiaries, marking a leadership change alongside ...

The Financial Wellbeing Institute (FWI) has been selected as one of the ten founding organisations of FIN.e, a new European alliance designed to strengthen financial literacy and financial wellbeing ...

Petrolina launches five companies for Land of Tomorrow project Petrolina (Holdings) Public Limited announced on Tuesday that it has decided to commence operations for five separate special purpose companies established ...

JCC loses final appeal over government payments contract Cyprus has concluded a four-year tender process for the management of government electronic payment services, awarding the contract to VivaBank after a ...

Cyprus Airways and Air France have launched a new codeshare agreement covering flights between Larnaca Airport and Paris Charles de Gaulle Airport, strengthening connectivity between Cyprus and one of Europe’...

The Cyprus Union of Shipowners (CUS) has praised Cyprus for strengthening the country’s maritime influence during its six-month presidency of the Council of the European Union, which ended on ...

The Cyprus Borrowers Protection Association (Syprodat) has welcomed the launch of the public share offering for the proposed Pancyprian Cooperative Bank, while stressing that the project’s success will ultimately ...

Global shipping remains in “crisis mode” as fighting between the US and Iran disrupts the Strait of Hormuz, forcing companies to reconsider routes, absorb rising costs and protect crews operating ...

Construction of a new access point for Limassol’s Agios Athanasios industrial area began last month as authorities move ahead with infrastructure upgrades aimed at improving safety and traffic flow ...

The finance bosses at many of Britain’s biggest companies are more optimistic about ​the impact of artificial intelligence on their ‌businesses and a bit less worried about risks from ...

Asking prices for newly advertised British houses and apartments recorded an ​unusually large fall in the four ‌weeks to July 11, as the men’s soccer World Cup and record temperatures ...

Airlines have been urged to give passengers clearer and more consistent information about travelling with pets, from the moment a flight is booked until the animal passes through customs at ...

The European Commission on Monday fined e-commerce platform AliExpress €550 million after finding that it failed to properly assess and reduce risks linked to illegal, unsafe and counterfeit products sold through ...

The Cyprus Securities and Exchange Commission (CySEC) has welcomed a follow-up review by the European Securities and Markets Authority (ESMA) that recognised significant improvements in the supervision of cross-border activities ...

The board of directors of Petrolina (Holdings) Public Ltd met on Monday at the company offices in Larnaca to decide on the distribution of an interim dividend for the current ...

Cyprus’ construction material prices rose further in June, driven by sharp increases in aluminium, plastics and electrical fixtures, according to figures released by the Statistical Service (Cystat) on Monday. The ...

Cyprus-based fintech and iGaming companies expanding abroad are underestimating cyber risks, according to Andrey Leskin, CTO at Qrator Labs, who warned that firms entering high-growth regions may face targeted digital ...