Emerging markets enjoy surprise rally but tariff risks loom
Emerging markets are basking in the glow of their surprise rally this year, but major investors warn things may get tougher as countries finally learn their US tariff fates and ...
Transfers with rouble-backed crypto coin pass $40 billion after July spike
A rouble-backed stablecoin that could help Russia circumvent Western restrictions on payments has seen a jump in transaction volumes in July, with funds moved through the coin surging past $40 billion ...
Emerging markets enjoy surprise rally but tariff risks loom
Emerging markets are basking in the glow of their surprise rally this year, but major investors warn things may get tougher as countries finally learn their US tariff fates and ...
Transfers with rouble-backed crypto coin pass $40 billion after July spike
A rouble-backed stablecoin that could help Russia circumvent Western restrictions on payments has seen a jump in transaction volumes in July, with funds moved through the coin surging past $40 billion ...
Abu Dhabi’s state oil drilling unit reports 19 per cent profit rise
ADNOC Drilling (ADNOCDRILL.AD), a unit of Abu Dhabi’s state oil giant, reported a 19 per cent rise in second-quarter profit this week, supported by strong performance in its oilfield ...
GSK sets sights on £40bn sales by 2031 as US tariffs loom
GSK (GSK.L) expects to deliver annual sales and profit growth towards the top end of its forecasts after beating second-quarter expectations earlier this week, in a boost to its ...
The economic cost of the environmental damage caused by fires is sizeable
By Theodoros Zachariadis
The serious fires of recent days have naturally been addressed by grief over the loss of life, injuries, and destruction, as well as estimates of the economic ...
Cyprus Business Now: weekly wrap-up
Here are the top business stories in Cyprus from the week starting July 28:
Eurobank has reported adjusted net profits of €711 million for the first half of 2025, marking a decline of 2.9 ...
Banking
Bank of Cyprus delivers strongest stress test performance to date
The European Central Bank (ECB) and the European Banking Authority (EBA) on Friday published the results of the 2025 EU-wide stress test, showing that the euro area banking sector is resilient ...
The economic cost of the environmental damage caused by fires is sizeable
By Theodoros Zachariadis
The serious fires of recent days have naturally been addressed by grief over the loss of life, injuries, and destruction, as well as estimates of the economic ...
Daily wrap-up
Cyprus Business Now: Eurobank, Paphos hotel, new lending, UK tourism, GSI update
Eurobank has reported adjusted net profits of €711 million for the first half of 2025, marking a decline of 2.9 per cent compared to the same period last year. In addition, the bank’...
Schengen airports to introduce fingerprint and facial scans for travellers
Greece, France, Germany, Italy and other Schengen member states are gearing up to activate the European Union’s new Entry/Exit System (EES) from October, a move expected to streamline ...
Cyprus showcases business and products at Beijing supply chain expo
The Ministry of Energy, Commerce and Industry, in collaboration with the Cyprus Trade Centre in Beijing, participated with an information kiosk at the 3rd China International Supply Chain Expo (CISCE), ...
CSE extends suspension for one firm, keeps warning tag on another
The Cyprus Stock Exchange (CSE) has confirmed the continuation of the suspension of trading for the shares of Hangji Global Ltd, which is listed on the Emerging Companies Market.
The ...
Eurobank hails Cyprus as cornerstone of group profitability in 2025
Eurobank has reported adjusted net profits of €711 million for the first half of 2025, marking a decline of 2.9 per cent compared to the same period last year.
In addition, the bank’...
Cyprus sees €642.8 million in new lending
Net new loans in Cyprus recorded a significant increase in June 2025, reaching €642.8 million compared to €297.8 million in May, according to data published this week by the Central Bank of Cyprus (...
Bank of Cyprus updates total voting rights after share buyback
Cyprus consumer and housing loan rates rise again in June
Cyprus household debt down 60 per cent since 2016
New Cyprus platform lets users report fires in real time
A new online platform has been launched in Cyprus to help the public report fires in real time, following the devastating wildfires that swept across the island on July 23.
The ...
ICT
Cyprus tech firms unite under TechIsland initiative to aid wildfire victims
Non-profit association TechIsland on Wednesday said it had begun a collective initiative to respond to the recent wildfires that have devastated communities across Cyprus, beginning with an internal outreach effort ...
Cyprus SMEs to gain €250,000 support for AI data protection compliance
The Cyprus Chamber of Commerce & Industry (Keve) on Wednesday announced the launch of the co-financed Data ProTech project, designed to help Cyprus SMEs comply with AI and data protection ...
Gaming
Cyprus game developer grows mobile hit to 7 million users
Top App Games Ltd., a mobile game developer based in Cyprus, has announced that its real-time strategy RPG Ludus: Merge Arena has surpassed 7 million players worldwide.
To mark this major ...
Cyprus eyes stronger UK, France tourism ties after Koumis meetings
Deputy Tourism Minister Kostas Koumis, recently met separately with the British High Commissioner to Cyprus Michael Tatham, and the French Ambassador to Cyprus Clelia Chevrier Kolacko, to explore ways of ...
Cyprus’ slot-free airports give it edge in attracting airlines
A new monthly publication by Hermes Airports, Flight Mode, sheds light on how airlines decide to launch new routes, underlining that behind every added destination lies a complex, data-driven strategy ...
Roberto Cavalli partners with Leptos for €200m beachfront tower in Limassol
Italian fashion icon Roberto Cavalli is making its first move into Mediterranean real estate, unveiling a €200 million collaboration with Leptos Group to launch a 30-storey beachfront tower in downtown Limassol.
...
Luxel Villas: your gateway to tailored, exclusive Cyprus stays
Luxel Villas redefines serviced luxury private villas in Cyprus. With a curated collection of over 60 private villas and apartments, the company specialises in short- and long-term stays across Ayia Napa, ...
Insights from largest real-estate study ever conducted in Cyprus
The island’s number one real-estate platform, BuySell, in collaboration with AXIA Chartered Surveyors, has completed the largest and most comprehensive study of property sale prices ever conducted in Cyprus.
...
Life Realty’s Summer Collection features 50 exceptional properties
Whether you are searching for your dream home at the best possible price or a high-yield investment in Cyprus’ most sought-after locations, the Life Realty Summer Collection is designed with ...
Abu Dhabi’s state oil drilling unit reports 19 per cent profit rise
ADNOC Drilling (ADNOCDRILL.AD), a unit of Abu Dhabi’s state oil giant, reported a 19 per cent rise in second-quarter profit this week, supported by strong performance in its oilfield ...
Keravnos: Studies show interconnector is not sustainable
Two separate studies conducted by two “serious and reliable” organisations show that the Great Sea Interconnector project “is not sustainable”, Finance Minister Makis Keravnos said on Friday.
Speaking to Politis ...
Oil prices dip nearly 1 per cent amid US tariff threats on Russia
Oil prices fell nearly 1 per cent on Wednesday as investors awaited developments on US President Donald Trump’s tighter deadline for Russia to end the war in Ukraine and his ...
Analysts question EU pledge to buy $250bn in US energy annually
There are strong echoes of Donald Trump’s failed trade deal with China from his first term as US president in the framework agreement reached with the European Union.
Trump ...
Experts believe Mutuum Finance (MUTM) will be the next Crypto to hit $1 even as Hedera (HBAR) price jumps 40% in a week
Crypto news today: BlackRock aggressively buys 3 million Ethereum (ETH) as Mutuum Finance (MUTM) targets a 27x upside
Transfers with rouble-backed crypto coin pass $40 billion after July spike
New Crypto quietly gaining 100X potential: Mutuum Finance (MUTM) price prediction
Dogecoin (DOGE) or Mutuum Finance (MUTM): Which Crypto to buy today for long-term?
Shiba Inu price prediction: Is this new Crypto coin a threat to SHIB in 2025?
Limassol Greens: perfectly balanced lifestyle
A new kind of destination is taking shape on the sun-washed western edge of Limassol, where open landscapes meet the energy of a growing city. It is a place as ...
Tor Properties: Shaping the future of sustainable living and working in Limassol
Tor Properties is a leading real estate developer in Limassol, known for its distinct commercial and residential projects. Our designs are environmentally conscious and focus heavily on sustainability, building for ...
Korantina Homes: defining premium real estate in Cyprus
With over three decades of experience, Korantina Homes has become synonymous with premium real estate development in Cyprus, delivering award-winning projects that combine elegance, functionality and a deep respect for ...
Built to live in, not just to visit: Mike Ivanov on what sets Sunrock apart
Set in the green hillsides of Germasogeia, Limassol, Sunrock is not just another high-end development targeting overseas buyers.Instead, it’s been designed from the ground up for year-round living, ...