#business

Greece and Cyprus are especially exposed to geopolitical shocks from the Middle East because tourism and shipping play an outsized role in both economies, despite a period of resilient growth, ...

Cyprus’ Customs Department on Monday announced a 5.6 per cent increase in total revenues for 2025 compared with 2024. In absolute terms, this increase translates into more than €75 million in additional inflows to ...

Cyprus’ hospitality venues association (Pasika) on Monday urged the government to widen its support response to businesses hit by the Middle East crisis, saying the sector had been left outside ...

Hermes Airports on Monday announced the arrival of Discover Airlines at Larnaca Airport, marking the Lufthansa Group carrier’s first-ever operations to Cyprus. The airline, a member of the Lufthansa ...

The Bank of Cyprus on Monday announced that it once again secured two major distinctions at the Euromoney Private Banking Awards 2026, marking its second consecutive year of recognition. Specifically, the ...

The Famagusta district is coming under economic pressure from the fallout of the Middle East war, with Paralimni-Deryneia mayor Giorgos Nikolettos saying government support measures are a step in the ...

Cypriot businesses are still grappling with high energy costs, with employers’ federation Oev warning that the issue remains a major threat to competitiveness even as the country pushes ahead with ...

Chief Scientist of the Republic of Cyprus, Demetris Skourides, delivered a high-level keynote address at the G100 Greece Diplomatic Meetings in Athens, positioning inclusive leadership not as a social imperative ...

Cyprus’ Deputy Ministry of Shipping will hold its third annual educational day, “I Know the World of Shipping,” on Tuesday, March 31, in Limassol, as part of efforts to bring more ...

A Czech startup is making factory automation easier by letting workers teach robots new tasks through simple demonstrations instead of complex coding. By Anthony King What if training a robot ...

Cyprus has been ranked among the lowest member states in the European Union for road freight transport share in 2024, highlighting the country’s continued reliance on maritime transport. According to ...

The European Commission recently adopted the Work Programme for the 2026 and 2027 Euratom Research and Training Programme, marking a decisive step in the development of nuclear technologies. The programme provides complementary ...

The global semiconductor market surpassed $830 billion in 2025, according to market intelligence firm Omdia, marking the second consecutive year of more than 20 per cent annual revenue growth. This milestone represents the ...

Communications Service Providers (CSPs) increased their 5G packet core network investments by 83 per cent year-on-year during the fourth quarter of 2025, according to the latest industry analysts at Omdia. The firm’...

By Lauren C. Hall, Christine Padgett, James Sauer, and María Yanotti As countries around the world look to follow Australia’s lead and implement a social media ban for ...

By Ramona Livera, Kyveli Antoniou and Anastasios Kostekoglou At critical stages of growth, businesses look outward for capital, to scale operations, enter new markets, strengthen infrastructure or remain competitive. In ...

Here are the top business stories in Cyprus from the week starting March 23: Parliament is set to examine a bill that would give hundreds of hotels and tourist accommodation providers ...

The European Commission this week unveiled a comprehensive strategy to decarbonise the built environment, introducing a whole life carbon approach to eliminate greenhouse gas emissions from construction to demolition. The ...

Rising climate risks and growing challenges for smaller farms are putting pressure on EU agricultural systems, highlighting gaps in support and preparedness, according to a World Bank study. The study ...

Bank of England Chief Economist Huw Pill said this week that uncertainty about the economic implications of the ongoing conflict ​in the Middle East should not be used as an ...

Telecoms provider Cyta on Friday welcomed the decision by the House of Representatives to approve legislation allowing the organisation to enter the energy sector, describing it as a pivotal step ...

By Maria Demertzis Europe’s monetary union still rests on an institutional contradiction: monetary policy is centralised while fiscal policy remains national. That may have been politically expedient at Maastricht, ...

The European Union imported energy products worth €336.7 billion in 2025, representing a total weight of 723.3 million tonnes, according to Eurostat. When compared with the previous year, imports of energy products decreased ...

The European Union should review its emissions trading system to avoid undermining the competitiveness of its aviation sector as airlines decarbonise, the International Air Transport Association (IATA) said on Monday. ...