Business

An association representing IT companies in Cyprus on Tuesday called for at least €1 billion in investment in artificial technology (AI) over the next five years. “If we truly wish for ...

Eurobank raised €600 million through a seven-year green senior preferred bond on Tuesday, with the issue 2.8 times oversubscribed as investors responded strongly to the bank’s latest debt offering. The bond, ...

Foreign visitors drive over nine in ten Cyprus tourist stays Cyprus recorded the steepest decline in tourist accommodation overnight stays in the EU during the first half of 2026, with nights ...

Cyprus’ annual inflation rate accelerated to 5.2 per cent in August 2026, up sharply from 4.4 per cent in July, according to a flash estimate released by Eurostat on Tuesday. The estimate, measured ...

Cyprus’ seasonally adjusted unemployment rate edged up to 3.9 per cent in July 2026, from 3.8 per cent in June, according to a report from Eurostat. Despite the monthly increase, Cyprus’ unemployment rate ...

The reduction in fuel consumption tax will be extended for another one or two months, Finance Minister Makis Keravnos said on Tuesday, as the government moves to maintain relief at ...

Cyprus’ economy expanded by 3.3 per cent in real terms year on year in the second quarter of 2026, according to a report from the Cyprus Statistical Service (Cystat). Seasonally and working-day ...

Cyprus’ retail trade turnover experienced a major surge in July 2026, growing by 11 per cent in value and 8.9 per cent in volume compared with the same month last year, according to ...

Full impact study not required for Kato Polemidia production and distribution complex Keo’s planned €25 million beverage factory in Kato Polemidia has cleared its environmental screening, bringing the Limassol project ...

Cyprus’ success in replacing lost Russian visitors by opening up new tourism markets has won international recognition, Deputy Tourism Minister Kostas Koumis said. Speaking at the opening of an international ...

Live captions, sign-language tools and navigation support among solutions examined Cyprus’ National AI Strategy has examined how artificial intelligence could improve everyday life and make education, employment and public services ...

Allwyn AG announced this week that it has purchased 511,520 of its own shares on Euronext Athens between August 24, 2026, and August 28, 2026. The transactions were executed for an aggregate consideration of €7,281,686.71 under ...

Cyprus enters a decisive four-day round of global shipping talks in London on Tuesday, as member states seek agreement on rules that will determine how quickly ships must cut emissions, ...

Alpha Trust Holdings has submitted a request to the Hellenic Capital Market Commission for the delisting of its shares from Euronext Athens, following Alpha Bank’s acquisition of 100 per cent ...

Alkis H. Hadjikyriacos (Frou-Frou Biscuits) Public Ltd announced this week that its board of directors will convene on September 17, 2026, to examine and approve its latest financial performance. Directors will meet ...

Ellinas Finance Public Company Ltd announced this week that its board of directors has approved the appointment of Vera Neoptolemou as the company’s new senior compliance officer with immediate ...

Cypriot investment firm Demetra Holdings Plc has announced that it will issue its dividend payment to shareholders on September 29, 2026. The announcement comes following a previous corporate update issued by the ...

Larnaca strengthened its position as Cyprus’ fastest-growing property market in the second quarter of 2026, leading quarterly gains in apartments, houses, offices and warehouses as demand for residential and holiday properties ...

Cyprus could gain firmer legal ground to restrict Airbnb-style rentals in areas where housing pressure can be proved under a European Commission proposal due later this year, but the island ...

Cyprus is preparing a new interbank payment service that would allow customers to send money using only the recipient’s mobile phone number, with its introduction currently being considered for ...

IKEA Cyprus is joining a new wave of price cuts announced on Tuesday as the Swedish furniture retailer seeks to revive demand amid rising housing costs and squeezed household budgets. ...

Oil prices gained on ​Tuesday as the resumption of fighting between the US and Iran in the Middle East ‌renewed fears of supply disruptions from the world’s key crude-producing ...

Cyprus’ tourism revenue rose by 0.2 per cent in June 2026, despite tourist arrivals falling by 1.7 per cent, as higher spending per visitor offset the drop in visitor numbers. Specifically, tourism revenue ...

Global air cargo demand increased by 3.9 per cent year-on-year in July 2026, with all regions recording growth, according to figures released this week by the International Air Transport Association (IATA). Demand ...