#business

Daily wrap-up of business & economy stories from the day before The Finance Ministry, the Cyprus Stock Exchange (CSE) and its employee unions signed an agreement on Friday to transfer ...

The Cyprus Chamber of Commerce and Industry (Keve) announced this week the launch of the first incubation cycle of Space BIC, a specialised initiative run by the Eratosthenes Centre of ...

Intel this week said that it has lowered its full-year 2025 adjusted operating expense target to $16.8 billion, from $17 billion earlier, to reflect the deconsolidation of its programmable chip business, Altera. Shares ...

Tesla shares jumped 6 per cent earlier this week after CEO Elon Musk disclosed his purchase of about $1 billion worth of the electric vehicle-maker’s stock, in the latest vote of ...

Artificial intelligence and automation are transforming Europe’s banking sector, reshaping employee roles, working models and skills requirements, Jens Tau, chairman of the Banking Committee for European Social Affairs (BCESA) ...

Net demand for loans rose in the second quarter of 2025, driven by both businesses and households, according to the Central Bank of Cyprus’ (CBC) bank lending survey. In addition, the ...

The Finance Ministry, the Cyprus Stock Exchange (CSE) and its employee unions signed an agreement on Friday to transfer staff to the public service. The agreement was formalised in the ...

This month is shaping up to be the strongest September for tourist arrivals in Cyprus in recent memory, according to Victor Mantovani, honorary president of the Association of Cyprus Travel ...

Cyprus is stepping up efforts to deepen economic and innovation ties with India, presenting itself as a reliable business partner and gateway to Europe, Deputy Minister of Research, Innovation and ...

Louis plc has announced that its board of directors will meet on September 25 in order to review the company’s financial results for the half-year that ended on June 30, 2025. The ...

Demetra Holdings Plc on Friday announced the repurchase of 5,750 of its own shares at a price of 1.685 cents each on September 18, 2025. The company provided a detailed breakdown of the repurchase, ...

Cypriot beverage company KEO PLC this week reported a net profit of €3.23 million for the first half of 2025, down from €3,529,000 in the same period in 2024. According to a filing on ...

The Bank of Cyprus (BoC) on Friday announced that it hosted the certification ceremony for the “STEAME Teacher Facilitator” micro-credential earlier this week. The event took place on Wednesday, September 17, ...

Cyprus’ Deputy Shipping Minister Marina Hadjimanolis showcased the advantages of the Cyprus registry and the wider maritime cluster during a reception at the High Commission of Cyprus in London, organised ...

Cyprus has been placed at the centre of Europe’s tax policy debate following a two-day visit by a delegation from the European Parliament’s Subcommittee on Tax Matters (FISC). ...

Top Kinisis Travel Public Limited has reported a net loss of €181,642 for the first half of 2025, compared with a profit of €29,082 for the same period last year. The company’s ...

US credit rating agency Moody’s Ratings flagged several potential risks in Oracle Corp’s (ORCL.N) $300 billion of recently signed artificial intelligence contracts, but stopped short of taking ratings ...

The Securities and Exchange Commission voted this week to approve proposed rule changes by three national securities exchanges, enabling them to adopt generic listing standards for new cryptocurrency and other ...

Britain’s economy will see a dramatic decline in job opportunities, particularly at the entry level, the boss of fashion retailer Next (NXT.L) said on Thursday, partly blaming Labour ...

Low-cost carrier Wizz Air on Thursday announced it has reached 10 million passengers to and from Cyprus and marked the fifth anniversary of its base in Larnaka. According to the announcement, ...

The Bank of England kept rates unchanged on Thursday and said it was slowing the pace of its quantitative tightening programme and skewing sales away from long-dated gilts to minimise ...

Demetra Holdings Plc on Thursday announced the repurchase of its own shares through the Cyprus Investment and Securities Corporation Ltd. During the session on September 17, 2025, Demetra Holdings acquired 3,000 of its ...

Cyprus was the only European Union country to record zero year-on-year inflation in August 2025, according to official data published this week by Eurostat. The country stood out at a time ...

Cyprus’ construction materials price index posted a year-on-year increase of 1.17 per cent in August, according to figures released on Thursday by the statistical service (Cystat). Specifically, the construction materials price ...