#business

Technology leaders and analysts at the IDC Directions 2026 conference in Beijing recently highlighted the rapid evolution of artificial intelligence, signalling a decisive shift from infrastructure development to large-scale enterprise adoption. ...

Nicolas Tsardellis elected to European bars and law societies council Renowned Cypriot lawyer and vice president of the Cyprus bar association (CBA), Nicolas Tsardellis was elected to the presidency of ...

Spain’s Consumer Rights Ministry temporarily banned so-called prediction markets Polymarket and Kalshi ​for operating in the country without a ‌gambling licence, the official state gazette showed this week. In ...

British retailers reported lower sales in May against a backdrop of weak demand, but not the record downturn they had reported a month earlier, ​according to figures released by the ...

Interior Minister Constantinos Ioannou has defended the government’s business-friendly approach to housing and development, saying the private sector is better placed than the state to deliver projects quickly and ...

Hundreds of vessels remain unable to transit the Strait of Hormuz, raising concerns that any sudden return to more normal navigation conditions could create a serious navigational hazard in one ...

The co-founder of AI company Anthropic said earlier this week that the development of artificial intelligence cannot be ‌left solely to technology companies, urging greater oversight from religious leaders, governments ...

The Index of Industrial Output Prices for April 2026 reached 121.7 units, marking an annual decrease of 0.2 per cent compared to the same month in the previous year. According to a report ...

Ask Wire CEO Pavlos Loizou has warned that Cyprus’ housing problem is not being driven by a lack of land, but by the failure to use existing land effectively, arguing ...

Cyprus recorded a clear improvement in its labour market during the first quarter of 2026, with the unemployment rate falling to 4 per cent compared to 5 per cent in the same period ...

The Cyprus general government recorded a fiscal surplus of €593.4 million during January-April 2026, according to preliminary data released on Friday by the Cyprus Statistical Service (Cystat). The surplus corresponded to 1.5 per ...

Paphos hotels are expected to see occupancy rates exceed 90 per cent during the Kataklysmos holiday weekend, as strong demand from Cypriot visitors gives the sector a welcome, if short-lived, boost. ...

The EU’s Competitiveness Council this week adopted conclusions on sustainable and competitive tourism, in what Deputy Tourism Minister Kostas Koumis described as a key achievement of the Cyprus Presidency ...

Temu has rejected a €200 million fine imposed by the European Commission under the Digital Services Act (DSA), describing the penalty as disproportionate and saying the decision does not reflect the ...

Interior Minister Constantinos Ioannou has defended the government’s business-friendly approach to housing and development, saying the private sector is better placed than the state to deliver projects quickly and ...

Christos Tsanos has been re-elected president of the Limassol district branch of the Cyprus Hoteliers Association (Pasyxe), as the city’s hotel industry looks to maintain stability in a period ...

Posidonia 2026 is set to highlight the global reach of Greek shipping, with this year’s exhibition expected to attract more than 2,200 exhibitors from 80 countries, even as geopolitical tensions continue to ...

A profound breakdown between authority and accountability is actively reshaping the modern maritime industry, leaving ship masters to carry the professional consequences of decisions micro-managed by shore-side teams. The widening ...

The numbers do not lie, although they do not quite add up either. Not until you look closer. For the Cyprus property market, 2025 was a record-breaking year. Total transaction value ...

HSBC has appealed to staff not to fight ​AI, saying it would destroy jobs while creating new ones, as banking rival Standard Chartered sought to ‌calm workers over comments that ...

A major economic summit focusing on the trajectory and contribution of the professional services sector will convene in Nicosia on June 4, 2026. The high-level gathering, officially titled the Fourth Professional Services ...

Chinese online retailer Temu has been fined €200 million by the European Commission for failing to properly assess the risk of illegal and dangerous products being sold to EU consumers through ...

Cyprus’ industrial production index recorded an annual increase of 4.7 per cent in March, according to a report from the state statistical service (Cystat). The service reported that the index reached 116.7 ...

PwC Cyprus CEO-elect Andreas Yiasemides has stressed that artificial intelligence is “no longer a future ambition or a technology experiment taking place on the margins of day-to-day business”, describing it ...