#business

Investor Balram Chainrai has recently acquired a controlling stake in the company that owns the Rodon Hotel in Agros. The transaction, which was finalised on March 6, 2025, saw Chainrai secure 87.82 per ...

The average gross monthly earnings of employees in Cyprus rose by 5.3 per cent in 2024, reaching €2,487, according to provisional data released on Wednesday by the state statistical service. In terms of ...

Petrolina (Holdings) Public Limited has released its annual report for the year ending December 31, 2024, and has called its annual general meeting (AGM) for June 19, 2025, at the company’s headquarters in ...

Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., has submitted an application to the Cyprus Securities and Exchange Commission (CySEC) to exercise its squeeze out ...

Alpha Bank Cyprus on Wednesday announced the appointment of George Shiammoudis as its new chief risk officer. “With over 20 years of experience across banking and financial advisory, Shiammoudis brings a ...

Consumers across Europe are increasingly willing to switch to alternative online payment methods in exchange for faster, more convenient and secure checkout experiences, according to new research published by payabl., ...

The Ministry of Energy, Commerce and Industry on Wednesday announced a new call for proposals under the business digital upgrade scheme, part of the national programme Thaleia 2021–2027. The scheme, aimed ...

Artificial intelligence could increase global gross domestic product by up to 15 per cent by 2035, according to new research shared this week by PwC Cyprus. The report, titled Value in Motion, ...

Banks in Cyprus recorded a net decrease of €66.3 million in deposits and a significant increase of €429.9 million in loans during March 2025, according to a report by the Central Bank of ...

Cyprus’ industrial production recorded a steady rise of 4.3 per cent in the first two months of 2025 compared with the same period in the previous year, according to a report from ...

Nearly 40 per cent of Cypriots see opportunities to start a business, a new national report by the University of Cyprus has found. The 2023–2024 Entrepreneurship Report also revealed that 60.5 per cent ...

Turkey’s monthly inflation rate is expected to climb to 3.1 per cent in April, driven by energy prices and lira depreciation following the imprisonment of President Tayyip Erdogan’s main ...

Nearly 40 per cent of Cypriots see opportunities to start a business, a new national report by the University of Cyprus has found. The 2023–2024 Entrepreneurship Report also revealed that 60.5 per cent ...

The Deputy Ministry of Tourism reminded property owners that anyone operating short-term rentals without a registration permit is committing an offence and, if convicted, faces a fine of up to €5,000 ...

Tourism revenues in Cyprus reached €79.7 million in February 2025, marking an increase of 22.4 per cent compared with the same month last year (€65.1 million), according to an announcement issued by the statistical ...

The board of directors of the Bank of Cyprus is set to be expanded with new members, pending shareholder approval. A total of 14 resolutions are to be voted on at ...

A group of banks including Morgan Stanley, Bank of America, Barclays and Mitsubishi UFJ sold the final piece of debt tied to billionaire Elon Musk’s $44 billion buyout of social ...

Salamis Tours (Holdings) Public Ltd on Tuesday posted a robust financial performance for 2024, marked by double-digit revenue and profit growth across its business units, while also undergoing a major change ...

Cyprus is playing a central role in shaping Europe’s future tax landscape, with MEP Michalis Hadjipantela being appointed rapporteur of a key European Parliament report aimed at simplifying tax ...

Foreign investors have officially notified Cypriot authorities this week of plans to establish a new coastal ferry link between Cyprus and Lebanon, according to the announcement. The proposal, confirmed by ...

The US aviation industry, reeling from President Donald Trump’s trade war and a slump in travel demand, is lobbying the White House for exemptions from tariffs. Industry officials have ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced the launch of a targeted consultation by the European Commission on proposed transformative amendments to the regulation and supervision of ...

Nuclear energy continues to play a critical role in the European Union’s energy mix, covering approximately 22.8 per cent of total electricity generation, according to former chairman of the Cyprus ...

A bruising rollercoaster ride for markets in the first 100 days of the Trump administration has seen some investors move away from American assets, but it remains to be seen whether ...