#business

Government debt across the euro area and European Union rose in the first quarter of 2025, while Cyprus recorded one of the largest annual decreases in debt and posted a strong ...

Cyprus’ general government net financial worth narrowed to –€7.7 billion at the end of the first quarter of 2025, reflecting an improved fiscal position, according to Eurostat data released on Monday.  The ...

The Cyprus Stock Exchange (CSE) announced on Monday that it will remove AstroBank’s bonds from trading after the bank completed the early redemption of the securities under their original ...

Cyprus recorded a budget surplus of €619.1 million in the first quarter of 2025, according to preliminary fiscal data released on Monday by the Cyprus Statistical Service (Cystat). This marks an increase ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced a new initiative aimed at informing businesses across the country about fresh funding opportunities available through the Research and ...

The passenger and vehicle ferry route between Limassol and Piraeus is continuing to draw strong demand, with nearly full bookings reported for all scheduled sailings in 2025. According to figures published ...

Sek general secreatary Andreas Matsas on Monday issued a strong defence of the Cost of Living Allowance (CoLA), warning against what he called “a dangerous effort to demonise and dismantle” ...

US startup funding surged 75.6 per cent in the first half of 2025, thanks to the continued AI boom, putting it on track for its second-best year ever, even as venture capital ...

Mark Zuckerberg said this week that Meta Platforms would spend hundreds of billions of dollars to build several massive AI data centers for superintelligence, intensifying his pursuit of a technology ...

An EU-funded research initiative is guiding Europe’s coal regions through the transition to renewable energy, while focusing on job creation and clean energy. By Kaja Šeruga The Maritsa Iztok ...

EU-funded researchers are shedding light on how digital media use is impacting teenagers and what parents, teachers and policymakers can do about it. By Michaela Nesvarova In today’s world, ...

Microsoft and a US national laboratory have announced that they are partnering to examine how artificial intelligence could be used to speed up the process of compiling the documents needed ...

Google has agreed to secure as much as 3 gigawatts of US hydropower in the world’s largest corporate clean power pact for hydroelectricity, the company has announced, as Big Tech ...

Here are the top business stories in Cyprus from the week starting July 14: The finance ministry has “absolutely refused” to pay any money to Greece’s independent transmission system operator (...

Two small spaceports in the far north of Sweden and Norway are racing to launch the first satellites from mainland Europe into space as the region looks to reduce its ...

A year after Josh Schulman became Burberry’s (BRBY.L) CEO with a mandate to turn the British luxury brand around, investors say they’re pleased with early signs of ...

Oracle will invest $3 billion in Germany and the Netherlands over the next five years to bolster its infrastructure powering artificial intelligence and cloud offerings in the European market, the company ...

President of the hoteliers association (Pasyxe) Thanos Michaelides on Friday said hotel occupancy in July ranges between 80 and 85 per cent, stating that the flow of reservations is normal for this ...

Britain’s stock market finally appears to be reversing years of underperformance against the rest of Europe, as a UK/US trade deal, lighter regulation and cheap stocks deliver juicy ...

Swedish telecom equipment maker Ericsson (ERICb.ST) reported this week a swing to a bigger second-quarter adjusted profit than expected, helped by sales growth in North America and cost cuts, ...

Diageo (DGE.L) CEO Debra Crew has stepped down after two years in the job, the world’s biggest spirits maker has said, with finance chief Nik Jhangiani taking over ...

Average house prices in the United Kingdom in May were 3.9 per cent higher than a year earlier, after a 3.6 per cent rise in the year to April, the Office for ...

Cyprus’ working life expectancy has climbed to 39 years, placing the island well above the EU average of 37.2 years in 2024, according to Eurostat data released on Friday. The figure reflects the ...

The construction materials price index reached 119.03 units in June, based on 2021 as the reference year, according to official data released on Friday. The Cyprus Statistical Service (Cystat) reported that this ...