Greek tanker hit by missile in Black Sea as crew reported safe
A Greek flagged and owned tanker was struck by a missile off the Russian port of Novorossiysk in the Black Sea, authorities said on Saturday, though all 24 crew members on ...
Cyprus Business Now: FDI growth, construction, labour market, tourism concerns
Business & economy news from the day before
Public debt continued to fall in 2025, reaching its lowest percentage of GDP since 2008, while Cyprus also recorded its fourth consecutive fiscal surplus.
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Euro banknotes remain highly secure as counterfeit rates drop
The European Central Bank (ECB) has reported that 444,000 counterfeit euro banknotes were withdrawn from circulation in 2025, representing a 20 per cent decrease compared with the previous year.
The ECB said that ...
Air cargo industry urged to digitise as global supply chains face pressure
The International Air Transport Association (IATA) this week highlighted three priorities for the global air cargo industry: accelerating digitalisation, strengthening global standards, and enhancing safety and security.
The call came ...
Former Meta AI chief raises $1 billion to move beyond LLMs
Advanced Machine Intelligence, the startup founded by former Meta Platforms chief AI scientist Yann LeCun, has announced that it raised $1.03 billion based on a $3.50 billion pre-money valuation, as it seeks ...
Microsoft adds Anthropic technology to Copilot in shift to AI agents
Microsoft (MSFT.O) is adding Anthropic’s AI technology to its Copilot service to tap growing demand for autonomous agents, weeks after the startup’s new tools sparked a selloff ...
Cyprus posts €538.8m budget surplus in January
Cyprus recorded a general government fiscal surplus of €538.8 million in January 2026, equivalent to 1.5 per cent of gross domestic product, according to the Cyprus Statistical Service (Cystat).
The figure represents a ...
Ripple (XRP) leverage drops 78% as Mutuum Finance (MUTM) positions for DeFi market growth
Leverage associated with XRP has reportedly dropped by as much as 78%, indicating a significant pullback in speculative trading activity around the token. The steep decline suggests that traders are taking ...
Finance minister says Invest Cyprus has been decisive for economic growth
Finance Minister Makis Keravnos on Friday said the role of Invest Cyprus remains decisive in establishing Cyprus as an attractive, safe and competitive investment destination, during remarks delivered at the ...
Cyprus mortgage rates rise but stay below EU average
Interest rates for new housing loans in Cyprus rose to a peak of 3.41 per cent in January, up from 3.25 per cent during the previous month, though borrowing costs on the ...
HIG Capital Unit finances Armira’s acquisition of Dutch senior tour operator Viabus
H.I.G. WhiteHorse, the credit affiliate of HIG Capital, has provided first-lien, senior-secured financing to back the acquisition of Viabus B.V. by German investment firm Armira, in a ...
Cyprus tech sector attracts over €2.5 billion in new foreign capital
Invest Cyprus on Friday presented the results and actions for 2024 and 2025 during its annual general meeting, highlighting the strengthening of Cyprus’ international investment position and the growing contribution of foreign ...
UK economy ground to halt even before Iran war energy shock
Britain’s economy stagnated unexpectedly in January after weak growth in the preceding months, according to official data, which showed a loss of momentum even before the war in Iran ...
Limassol container terminal operator partners with science research centre
Eurogate Container Terminal Limassol (ECTL) and the Eratosthenes Centre of Excellence of the Cyprus University of Technology have signed a memorandum of cooperation aimed at strengthening collaboration and developing joint ...
Cyprus labour market shows resilient job transitions at end of year
Cyprus saw approximately 5,000 unemployed people aged 15 to 74 move into employment in the fourth quarter of 2025, according to Eurostat data on labour market flows released on Friday.
That was slightly lower ...
Cyprus records highest quarterly employment growth in the EU
Cyprus recorded the strongest quarterly increase in employment in the European Union in the fourth quarter of 2025, with the employment rate for people aged 20 to 64 rising to 82.1 per cent from 81.5 ...
Residential building activity surges as apartment block numbers rise
Building permit activity in Cyprus remained strong in November 2025, according to data released on Friday by the statistical service (Cystat).
A total of 850 permits were authorised in November 2025, with a ...
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Limassol visitor numbers hold steady, Famagusta hoteliers seek state aid
Cyprus tourism is facing a split start to the season as Limassol maintains steady visitor flows despite regional tensions, while hoteliers in Famagusta seek emergency state support to counter a ...
Cyprus public debt falls to lowest level since 2008, president hails policies
Public debt continued to fall in 2025, reaching its lowest percentage of GDP since 2008, while Cyprus also recorded its fourth consecutive fiscal surplus.
President Nikos Christodoulides on Friday used his social ...
Cyprus parliament to vote on basic payment accounts for small firms
Plans to give very small businesses access to payment accounts with basic features are expected to go before parliament’s plenary, even as ministries, the Central Bank of Cyprus (CBC) ...
Cyprus shipping deputy ministry joins talks on sustainable blue economy
Limassol district local government organisation (EOA) president Yiannis Tsouloftas this week met with shipping deputy minister Marina Hadjimanolis to discuss cooperation opportunities under the European EIT Water initiative.
The meeting ...
Women at sea face hidden pressures and workplace bias, experts warn
Mental health experts are warning that, if the industry does not remove barriers for women at sea, it risks losing the next generation of talent and leaders altogether, according to ...
UK interest rates could fall to 3.5 per cent by summer despite oil surge
The Bank of England will cut interest rates to 3.50 per cent either in April or June, according to economists polled by Reuters who have largely abandoned calls for a March 19 ...
Cyprus fuel stocks stable – but outlook ‘can change overnight’
For the moment, Cyprus does not face a problem in relation to its fuel stocks amid the Persian Gulf energy crunch, the Cyprus Mail has learned.
“Right now we are ...
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