AI providers face new EU transparency rules
The European Commission this week published new guidelines to help artificial intelligence (AI) providers and users comply with transparency requirements under the EU’s AI Act, with the rules set ...
Cyprus Business Now: CBC, venture capital, technology, AI, tourism, euro notes
A Cyprus-based venture capital firm is positioning itself ahead of anticipated landmark IPOs in the artificial intelligence sector, with its leadership arguing that the flotations could reshape global valuation benchmarks.
...
Nice glasses. Are they recording me?
The next great technology battle will not be fought in our pockets. It will take place on our faces.
More than a decade after Google Glass became a cautionary tale ...
EU employment tied to foreign trade hits record 31.6 million
31.6 million people were employed in the EU during 2024 to satisfy the final demand for goods and services from non-EU economies, according to a report from Eurostat.
This figure accounts for 14.4 ...
Addressing the affordability crisis of Cyprus households
Recent opinion surveys indicate that the affordability crisis is the most pressing concern for Cyprus households. Indeed, many state their inability to cope with daily cost-of-living pressures and doubt that ...
Businesses turn to smaller software tools to cut IT costs
Businesses across Europe are reworking IT budgets as they look to cut operating costs and get more from the software they already pay for, according to a new study by ...
Cyprus backs safer cargo across Mediterranean
Cyprus brought together 27 Port State Control inspectors from 11 Mediterranean countries for specialist training on cargo securing, strengthening regional cooperation on maritime safety and ship inspections.
The two-day seminar, held on ...
Air travel
Cyprus sees lower air ticket prices in June
Air transport prices in Cyprus fell in June while average air fares across the European Union continued to rise, according to figures released by Eurostat this week.
The EU statistical ...
Euro area private sector beats forecasts in July
The euro area’s private sector improved far more than expected in July, with activity returning to pre-escalation levels after the conflict with Iran, even as the latest flare-up threatens ...
The future is ours to build
By Theodoros Loukaidis, Director General of the Cyprus Research and Innovation Foundation
We often speak about young people as the leaders of tomorrow. Truth is, many of them are already ...
Cyprus development spending hits €412m by mid-year
Cyprus implemented 25 per cent of its 2026 development budget during the first half of the year, maintaining the same pace as in the corresponding period of 2025 and running above the 22 per ...
Economy
CBC governor warns of upward inflation risks as Middle East conflict persists
The European Central Bank (ECB) left its key interest rates unchanged earlier this week, with Central Bank of Cyprus (CBC) governor Christodoulos Patsalides warning on Friday that the broader effects ...
Cyprus public invited to vote on future euro banknotes
The Central Bank of Cyprus (CBC) on Friday called on citizens to take part in a Europe-wide survey launched by the European Central Bank (ECB), inviting the public to help ...
Technology
Cyprus fintech sector remains top cyber target despite botnet crackdown
A major international crackdown on botnet infrastructure has failed to reduce cyber risks facing businesses in Cyprus, according to new data released by cybersecurity company Qrator Labs for the second ...
Cost of living
Eurozone consumers see lower inflation, steady outlook
The European Central Bank (ECB) on Friday released the latest results of its Consumer Expectations Survey for June 2026, showing a broad easing in inflation expectations and a mixed outlook for ...
Agriculture
Cyprus lags EU in precision farming as digital adoption grows
Cyprus had one of the lowest levels of precision farming adoption in the EU in 2023, with only about 1 per cent of farms using such technology, according toa report from Eurostat.
...
Technology
How Anthropic IPO could reset private market valuations
The anticipated IPOs of Anthropic and OpenAI could be among the most consequential market events of a generation by setting a benchmark valuation for AI-native firms.
Alexey Garyunov, general partner ...
Demetra reports new share acquisition details
Demetra Holdings Plc on Friday announced to investors that it purchased more of its own shares during the trading session on July 23, 2026.
The share repurchase was executed through the Cyprus ...
Cyprus hotel unions demand crackdown on ‘rented’ workers
Trade unions representing hotel and leisure-centre workers in Cyprus have called for immediate workplace inspections, warning that the use of temporary workers supplied on a “rental” basis is rising sharply ...
IMO condemns ‘indefensible’ Red Sea shipping attacks
The head of the International Maritime Organisation (IMO) has condemned renewed attacks on commercial vessels in the Red Sea, warning that the violence is endangering seafarers and placing further pressure ...
Cyprus puts humans in charge of its AI future
Cyprus wants to become a trusted regional artificial intelligence hub in the Eastern Mediterranean, using technology to improve people’s lives and strengthen the economy without allowing it to weaken ...
Cyprus Business Now: Techisland, cybersecurity, banks, energy, SafeIsland CY
TechIsland has presented the first-year results of its €2 million Wildfire Initiative, showing how an emergency appeal launched after the devastating fires of 2025 has developed into a long-term programme spanning prevention, ...
AI boom drives Intel and AMD to secure long-term server chip contracts
US chipmaking giants Intel and Advanced Micro Devices are signing longer-term purchase commitments with Chinese server customers for data-centre processors as prices surge, two people familiar with the talks said.
...
Aegean Shipping begins fleet renewal with new tanker
Aegean Shipping Management marked a fresh stage in its fleet renewal earlier this week, with the naming ceremony of its new tanker M/T Green Liberty at COSCO Yangzhou Shipyard ...
We follow major companies operating in Cyprus, market trends, investment opportunities and government economic policy — with a special focus on how they affect local businesses and professionals.
From shipping and real estate to startups and banking, our business coverage provides expert analysis, interviews, data-driven reports and opinion pieces. Whether you are an investor, business owner or simply interested in economic developments in Cyprus, this page offers reliable insight into the forces shaping our economy. Follow the Business section to stay ahead of emerging trends and understand the financial landscape across Cyprus and the wider region.