Business

The European Union recorded a €21.8 billion trade deficit during the second quarter of 2026, marking the bloc’s first negative balance since the middle of 2023, according to Eurostat. Goods imported from ...

By Maria Demertzis The European Central Bank is redesigning the euro notes and has asked the public to help her choose one of 10 candidate designs, half depicting famous Europeans and ...

Safe Bulkers extended the application deadline for its 2026 – 2027 scholarship programme to September 7, 2026, with ten scholarships worth €10,000 each available to students seeking a career in the maritime industry. The sixth annual ...

British productivity shows signs of sustained recovery after long slump Britain’s economic productivity is starting to show signs of sustained improvement, ​economists have reported, potentially marking the end of ...

Greece’s state budget recorded a €5.77 billion primary surplus in the first seven months of 2026, comfortably exceeding the €4.42 billion target, according to budget execution data released this week. The primary ...

British households owe £6 billion ($8.18 billion) in unpaid energy debt and arrears, industry group ​EnergyUK has reported. Regulator Ofgem is ‌expected to announce this week a 4 per cent increase in its ...

A total of 97,096 commercial flights were recorded at Larnaca and Paphos airports in 2025, according to Eurostat data published on Friday. The majority, 73,226, were recorded at Larnaca airport, while Paphos accounted ...

Egypt’s gas sector is running short of domestic supplies just as Cyprus prepares to become a producer, with the recently approved Kronos project offering benefits to both countries and ...

Cyprus’ industrial production increased by 0.3 per cent year on year in June 2026, according to figures released by the statistical service (Cystat). The overall industrial production index reached 117.6 units, against a ...

Larnaca is advancing heritage projects, digital tourism and accessibility improvements under its 2026 tourism action plan, with proposals ranging from a marine education centre at Pervolia Lighthouse, also known as the ...

President Nikos Christodoulides’ official visit to Kazakhstan has given a fresh boost to economic and business cooperation between the two countries, the presidency said. Christodoulides travelled to Astana in early ...

The Cyprus Shipping Chamber (CSC) has backed the proposed national artificial intelligence (AI) strategy, following a meeting with Chief Scientist for Research, Innovation and Technology Demetris Skourides. During the visit ...

Plans to develop Larnaca port and marina and Vasiliko port, together with the expansion of Latchi port, were discussed during a meeting this week between Transport Minister Evi Tsolaki and ...

Safe Bulkers extended the application deadline for its 2026 – 2027 scholarship programme to September 7, 2026, with ten scholarships worth €10,000 each available to students seeking a career in the maritime industry. The sixth annual ...

George Pantelides leaves Deloitte after more than 20 years to become chief executive of Hellenic Healthcare Group (HHG) on January 1, 2027, taking charge of the private healthcare provider with operations in Cyprus ...

The share of workers using artificial intelligence on the job has doubled in two years, reaching 52 per cent in 2026, while users report saving a median of three hours a week, ...

A master plan formally submitted under the name “Fasouri School”, and described in accompanying technical documents as the “Fasouri Academy and Sports Hub”, is being examined by the authorities for ...

Satellite internet of things (IoT) connections are forecast to surge from 7.7 million in 2023 to 197.7 million by 2035, according to new research by Omdia, as businesses increasingly turn to satellite networks for ...

The global enterprise application market grew 13 per cent by mid-2026, but the latest figures show AI’s impact is being felt unevenly across software categories, according to IDC research. In ...

The Electricity Authority (EAC) on Thursday hit back at reports that it’s blocking the operation of a key infrastructure of a private power station located near its own Vasiliko ...

Deposits held with Cyprus financial institutions increased by a net €562.3 million in July, while total loans declined by €68.7m, according to figures released by the Central Bank of Cyprus (CBC). ...

Bank transfers accounted for 85 per cent of the total value of government receipts during the first half of 2026, reflecting the state’s rapid shift towards digital payments, accountant-general Andreas Antoniades ...

Parents in Cyprus face large differences in the price of school supplies as they prepare for the new school year, with school bags alone ranging from €1.89 to nearly €210, according to ...

Demand in Limassol’s residential market is increasingly shifting toward homes that offer more than space and location, with buyers weighing wellness, community and daily convenience alongside traditional criteria such ...