Bank of England raises rates for first time since 2023
he Bank of England raised interest rates for the first time in over three years on Thursday and warned that at least one more increase was likely if the US-Iran ...
CSE clarifies dividend payment procedures amid Demetra investor queries
The Cyprus Stock Exchange (CSE) on Thursday clarified how listed companies distribute dividends and how investors should handle payments and securities belonging to deceased shareholders, following a surge in enquiries ...
Sir Stelios Haji-Ioannou awards €30,000 in Cyprus MBA scholarships
Entrepreneur and philanthropist Sir Stelios Haji-Ioannou has awarded €30,000 in scholarships to three students enrolled in the University of Cyprus MBA programme, continuing an initiative aimed at supporting education and widening ...
Cyprus industrial turnover rises 5.6 per cent in August
Cyprus’ industrial turnover increased by 5.6 per cent in August 2026 compared with the same month a year earlier, according to figures released by the Cyprus Statistical Service (Cystat).
The Industrial Turnover ...
Asbis revenue more than doubles as AI demand drives record quarter
Cyprus-based technology distributor Asbis on Thursday reported a record third quarter in 2026, with revenue rising by 135.3 per cent year-on-year to $2.19 billion as demand for artificial intelligence infrastructure and consumer electronics ...
Alpha Bank unveils new brand identity while retaining historic symbol
Alpha Bank on Thursday unveiled a new corporate identity intended to reflect its transformation and expansion in recent years, with the rebranding also signalling its ambition to strengthen its role ...
Emirates remains profitable despite Gulf conflict and soaring fuel costs
Emirates Group remained profitable in the first half of its 2026–27 financial year, despite a sharp deterioration in earnings caused by disruption from the conflict in the Gulf and a substantial ...
PwC Cyprus highlights intellectual property as a driver of growth
PwC Cyprus has highlighted the growing importance of intellectual property as a driver of business growth and competitiveness, following an event in Limassol, which also marked the launch of a ...
Cost of living
Energy costs drive Cyprus inflation as petroleum prices climb
Cyprus’ national inflation rate stood at 4.4 per cent in October, according to figures published by the Cyprus Statistical Service (Cystat) on Thursday, while Eurostat’s separate harmonised measure placed the ...
Startups
Cyprus seeks deeper Silicon Valley links as US investment interest grows
Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou has concluded two days of meetings at the Plug and Play Silicon Valley Winter Summit, seeking to strengthen Cyprus’ international ...
Banking
Bank of Cyprus raises 2026 profitability target after €383m nine-month profit
The Bank of Cyprus on Thursday reported profit after tax of €383 million for the first nine months of 2026, up 9 per cent year-on-year, as strong lending and deposit growth, robust fee ...
Retail
Jumbo absorbs higher costs as Cyprus sales rise 15 per cent
Jumbo recorded a 15 per cent increase in sales in Cyprus in October 2026, as the retail group reported its strongest monthly sales growth of the year across its operations, with overall ...
Startups
Ten startups to showcase innovation at Plug and Play Cyprus expo
Ten startups developing technologies ranging from artificial intelligence and energy management to hospitality, recruitment and environmental monitoring will showcase their businesses at Plug and Play Cyprus’ first acceleration programme expo ...
Energy
Cyprus needs long-term energy strategy beyond political cycles, expert says
Cyprus needs a comprehensive national energy strategy built around long-term planning, political consensus and a combination of technologies, rather than relying on individual solutions to address its energy challenges, according ...
Banking
National Bank of Greece reports €996m profit in first nine months of 2026
The National Bank of Greece (NBG), which operates in Cyprus through its local subsidiary, reported profits after tax of €996 million for the first nine months of 2026, supported by stronger lending ...
Aegean sets date for third-quarter and nine-month trading update
Aegean Airlines will publish its third-quarter and nine-month trading update on November 16, 2026, after the close of trading on the Athens Exchange, the airline confirmed this week.
The update is expected ...
Cyprus Business Now: women, startups, tourism, Invest Cyprus, inflation, energy
Women in leadership positions across Cyprus will come together in Nicosia on November 10 for a discussion on financial empowerment, with the Central Bank of Cyprus (CBC) seeking to help close ...
What Ireland got right, and what Cyprus could do better
Cyprus has just reported a €1.61 billion government surplus, its finances are looking remarkably healthy and international investment continues to bring money into the economy. There is plenty to celebrate. But ...
Invest Cyprus sets out new investment strategy for 2027-2030
Invest Cyprus celebrated its 20th anniversary this week, with an event attended by President Nikos Christodoulides, government officials and representatives of the political and business communities, highlighting its contribution to ...
Demetra Holdings completes latest share buyback under AGM mandate
Investment firm Demetra Holdings Plc repurchased 4,164 of its own shares on November 3, 2026, as part of an ongoing share buyback scheme, according to an announcement on Wednesday.
The transactions were carried ...
Energy
Cyprus businesses face crippling electricity costs amid EU price drop
Cyprus recorded the joint second-highest electricity prices for non-household consumers in the European Union during the first half of 2026, with businesses paying an average of €0.23 per kilowatt-hour, according to Eurostat.
...
Revolut reaches $115 billion valuation after latest fundraising
Revolut has completed its latest fundraising process, reaching a $115 billion valuation, the fintech company announced on Wednesday, as it continues expanding its banking operations across international markets.
The transaction was ...
Limassol-based Asbis declares $19.4 million interim dividend after record sales
Cyprus-based technology distributor Asbis has declared an interim dividend of $19,425,000 from its 2026 profits, following a record-breaking sales update in October that saw the group’s monthly revenues exceed $1 billion for ...
Cost of living
Cyprus inflation outpaces euro area average as energy prices bite
Cyprus’ annual inflation rate is estimated to have risen to 5.4 per cent in October, placing it among the European Union’s higher-inflation countries, as price pressures across the euro area ...
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