Business

The European Investment Bank group’s (EIB) latest investment survey reports that 81 per cent of Cypriot companies are engaged in global trade, significantly outperforming the EU average of 63 per cent. ...

The environment department has given approval for a €55 million project to convert an existing tourist apartment complex into a 480-bed, 4-star hotel in Polis Chrysochous, it emerged on Wednesday. In ...

The FIBA EuroBasket 2025 Organising Committee and Bank of Cyprus are joining forces and will move forward together on the road to the European Basketball Championship, the biggest sporting event ever ...

President Donald Trump is likely to dust off a 1930 trade law largely forgotten for decades to back his new reciprocal US tariffs that will match other countries’ higher import taxes, ...

Entrepreneurs from both sides of Cyprus have been given more time to apply for the Stelios Bicommunal Business Cooperation Awards 2025, as the deadline has been extended to March 11. The awards, ...

Project Management Offices (PMOs) are evolving to meet the demands of a rapidly changing business environment, according to Stavros Christoforou, senior manager at PwC Cyprus’ advisory services. Christoforou explained that ...

The European Commission has issued a positive preliminary assessment for Cyprus’ request to receive €76.9 million under the NextGenerationEU programme, which aims to drive Europe’s recovery towards a greener, more ...

The Cyprus Borrowers Association (Syprodat) reported this week that it has observed a significant increase in activity among nearly all banks focusing on up-to-date borrowers. As a reaction, the association ...

Cyprus’ government employment increased by 461 people in January 2025, a rise of 0.8 per cent, compared to January 2024, reaching a total of 55,107 employees. This growth was primarily driven by an increase in ...

Eurobank announced on Tuesday that it has completed the acquisition of an additional 37.5 per cent stake in Hellenic Bank, bringing its total shareholding to 93.47 per cent. The bank has also ...

Turkey and Turkmenistan have signed an agreement to facilitate the flow of Turkmen natural gas to Turkey, marking a significant step in energy cooperation between the two nations, Turkish Energy ...

Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al Ghais said at the ...

Cyprus is positioning itself to become a high-quality, year-round tourist destination that balances sustainability, environmental friendliness, and economic growth, according to the president of the Association of Cyprus Tourist Enterprises (...

Dogecoin investor who was among those who bought DOGE before the astronomical rise in 2021 identifies one coin that deals with real-world assets (RWA) and say it is the most undervalued ...

Cypriot tourism has recovered from the challenges of the previous three years, including the pandemic and the loss of the Russian market, according to president Nikos Christodoulides. Speaking during the ...

Cyprus is not immediately affected by the tariffs imposed by US president Donald Trump, but the risk of inflationary pressures on the country remains, Finance Minister Makis Keravnos said on ...

Limassol continued to lead Cyprus’ high-value real estate market in 2024, accounting for eight of the ten most expensive property transactions, with a total value of €176.8 million, according to real estate ...

Greek retail chain Jumbo Group has reported a 3 per cent increase in January sales for its stores in Cyprus, according to recent data shared by the company. This growth comes ...

Eurobank announced on Tuesday that it has completed the acquisition of an additional 37.5 per cent stake in Hellenic Bank, bringing its total shareholding to 93.47 per cent. The bank has also ...

European Commission President Ursula von der Leyen on Tuesday vowed “firm and proportionate countermeasures” in response to US President Donald Trump’s decision to impose tariffs on all steel and ...

The society for the promotion of cooperative banks in Cyprus has expressed its support for the efforts of Finance Minister Makis Keravnos to spark growth in the sector. This is ...

Freedom Holding Corp. (FRHC), the parent company of Freedom24, on Tuesday reported strong third quarter results for the 2025 fiscal year, as well as a record market capitalisation of $9 billion. “These ...

President Donald Trump substantially raised tariffs on steel and aluminum imports to a flat 25% “without exceptions or exemptions” in a move to aid the struggling industries but which increases the ...

S&P Global Ratings has upgraded the long-term issuer credit rating of Bank of Cyprus Public Co. Ltd. (BoC) to ‘BBB-’ from ‘BB+’, reflecting improvements in the Cypriot banking ...