Business

Cyprus-based technology distributor Asbis surpassed $1 billion in monthly sales for the first time in its history in September, generating estimated consolidated revenues of $1.05 billion, a 216 per cent increase compared with ...

Cyprus’ technology sector is seeking closer cooperation with the Office of the Commissioner of Electronic Communications on cybersecurity and artificial intelligence, following discussions on joint initiatives, specialised training and stronger ...

Keo plc will pay shareholders an interim dividend totalling €2,109,096 by November 29, following a decision by the company’s board of directors on October 20, the Cypriot beverage producer announced on Wednesday. ...

Capital Maritime Finance raised €300 million through its stock market debut in Athens this week, marking Greece’s largest maritime equity offering and the first primary listing of a shipping company ...

Before applying for a loan in Cyprus, there’s something worth checking. Your credit score could reveal how lenders assess you – and you can request your credit report for free ...

Qatar plans to construct two power plants in Lebanon over the next three years and sign a 20-year liquefied natural gas supply deal under a proposal to revive the ailing ...

Alpha Bank purchased 1,157,429 of its own shares for €4.88 million during the week ending October 16, as part of its ongoing share buyback programme, the lender has announced. The shares were traded ...

Cyprus’ licensed betting market saw wagers fall by €30.3 million to €329.8m in the second quarter of 2026, but bookmakers retained more after paying out winnings, according to figures from the National ...

Artificial intelligence can produce convincing messages and imitate empathy, but it cannot replace the trust and personal relationships that underpin the shipping industry, according to WISTA Cyprus vice-president Maria Theodosiou, ...

Greek banks are among Europe’s strongest performers in reducing credit risk costs, although their levels remain among the highest on the continent, according to an analysis by Morningstar DBRS ...

The final price tag for the Great Sea Interconnector (GSI) remains an unknown, while the project is now estimated to come online a year later than initially forecast, the energy ...

Cypriot members of the European Parliament on Tuesday evening stressed the importance of building up the Mediterranean region’s energy sector as the Strasbourg plenary session discussed the parliament’s ...

Revolut users reported that were now able to log into the banking app again by 5.30pm Cyprus time on Tuesday, after experiencing around half a day of access problems caused ...

Cyprus promoted its business environment and opportunities in financial technology at an international blockchain summit held in Washington and New York between September 29 and October 2, with government representatives taking part ...

Investment firm Demetra Holdings Plc purchased 5,140 of its own shares on October 19, 2026, as part of an ongoing share buyback programme, according to an official announcement published on Tuesday. The company ...

Cyprus has ranked among the European Union’s two fastest-growing economies for three consecutive years, according to revised national accounts figures released on Tuesday, government spokesman Konstantinos Letymbiotis said on ...

The European Union and China have called for greater stability in international shipping, with greener maritime transport, container markets and supply chain resilience dominating discussions in Shanghai, as Cyprus steps ...

Cyprus is stepping up efforts to attract Chinese shipping business, with Shipping Deputy Minister Marina Hadjimanolis holding talks with major maritime companies in Shanghai while calling for international environmental rules ...

Cyprus’ reliance on foreign workers grows as unemployment falls Cyprus’ unemployment rate fell to a historic low of 3.6 per cent in the second quarter of 2026, but demographic changes, housing costs ...

Cyprus is stepping up efforts to attract Israeli businesses and investors looking to expand into Europe, with investment officials, leading banks and financial regulators setting out new opportunities for cooperation ...

Finance Minister Makis Keravnos, House President Annita Demetriou and international businessman John Christodoulou will be among the speakers at the 17th Limassol Economic Forum, which takes place on Friday, October 23, 2026, ...

Advance bookings from Britain’s three largest tour operators for 2027 are running between 20 and 30 per cent below last year’s levels, raising fresh concerns for Cyprus’ tourism industry despite signs ...

The company contributed nearly €343 billion to the EU economy, including €22.3 billion directed to European suppliers, €27.4 billion invested across its European operations, and €39.5 billion in exports, while PMI’s European value ...

Artemis Credit Bureau, a subsidiary of the Association of Cyprus Banks (ACB), has helped introduce standardised environmental, social and governance (ESG) assessments to Cypriot businesses through an international platform designed ...