#business

Technology, tourism and services to underpin Cyprus GDP growth The Central Bank of Cyprus (CBC) on Monday published its December 2025 macroeconomic forecasts, outlining expected growth, inflation and labour market trends ...

The European Union’s total production and consumption of chemicals, including both hazardous and non-hazardous materials, has fallen significantly over the last decade, according to Eurostat. Specifically, production has dropped ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday welcomed parliament’s approval of Cyprus’ long-awaited tax reform. The chamber said the overhaul “marks a historic step” in modernising ...

The Cyprus Chamber of Commerce and Industry (Keve) expressed strong support for the priorities outlined by president Nikos Christodoulides for the upcoming Cyprus Presidency of the Council of the European ...

New bill to modernise Central Bank of Cyprus’ governance moves forward Finance Minister Makis Keravnos and Central Bank of Cyprus (CBC) governor Christodoulos Patsalides met on Mondayto discuss a draft ...

Cyprus should actively encourage mergers and acquisitions to help overcome the structural weakness of its business landscape and lift the country’s competitiveness, the Cyprus Economy and Competitiveness Council said ...

Upper-middle class see strongest income growth in Cyprus Cyprus’ middle income class continued to dominate the income distribution in 2024, accounting for almost two-thirds of the population, according to figures published ...

The Cyprus Union of Bank Employees (Etyk) on Monday announced that it has reached an agreement in principle with the Cyprus Bankers Employers Association (Kest) to renew their collective agreement ...

The cost of the Christmas meal in Nicosia remained unchanged in 2025, while the cost of a reduced grocery basket for lower-income households rose by 9 per cent compared with last year, ...

Cyprus has formally set out the political and institutional framework of its upcoming Presidency of the Council of the European Union, using a presentation in Lefkara to outline priorities that ...

As climate change becomes a major driver of migration, EU-funded researchers are listening to affected communities to help support fairer policies for those most at risk. By Andrew Dunne Climate ...

Scientists in Italy are developing sweet snacks with lab-grown plant cells and fruit residues, producing a material that a 3D printer can then process into ‘pastries’ with high nutritional content. ...

The European Union exported and imported record levels of services in 2024, according to a report from Eurostat. Specifically, EU countries exported services worth €1 568 billion to countries outside the bloc in 2024, ...

Eurostat has reported that the European Union reduced its primary energy consumption in 2024, bringing it closer to its 2030 efficiency targets and signalling progress that also matters for energy-dependent countries such ...

Agricultural prices across the European Union rose again in 2025 after a brief dip, according to Eurostat, with Cyprus standing out for recording one of the slowest increases in milk prices, ...

The Cyprus Statistical Service (Cystat) has announced the launch of a new Dashboard for Short-Term Economic Indicators, aiming to give the public a clearer and more accessible overview of recent ...

Cyprus continued to increase its share of renewable energy in gross final energy consumption, according to Eurostat, highlighting steady progress on the island’s energy transition as the European Union ...

Cyprus recorded levels of actual individual consumption close to the EU average during 2024, according to Eurostat, reflecting relatively strong household material welfare compared with several other member states. Across the ...

The Cyprus Statistical Service (Cystat) has that it will introduce significant changes to the Consumer Price Index from January 2026 onwards, aiming to better reflect current consumption patterns and improve the ...

Kyndryl, a leading global provider of mission-critical enterprise technology services with a presence in Cyprus, has announced the launch of enhanced agentic AI capabilities and a unique design process.  The ...

Fatalities resulting from railway accidents across the European Union dropped by 10.8 per cent in 2024 compared with the previous year, falling to 750 from 841 deaths, according to new data released by Eurostat ...

Here are the top business stories in Cyprus from the week starting December 15: Eurogate Limassol is preparing to expand storage capacity at its Container Terminal by demolishing one of two ...

The euro area recorded a trade in goods surplus of €18.40 billion with the rest of the world in October 2025, according to Eurostat. This is significantly higher than the €7.10 billion surplus ...

Garanti Bank (GARAN.IS) expects another tough year for Turkish lenders in 2026, with growth likely to remain constrained as authorities keep most credit restrictions in place to tame inflation, CEO ...