Business

Traditional banks have won the first battle with fintech companies, but Cyprus must speed up regulatory procedures, cut bureaucracy and attract skilled workers if it wants to compete in digital ...

Kraken, through its parent company Payward, has awarded six postgraduate scholarships at the University of Cyprus, supporting students in finance and data science as the international financial technology group strengthens ...

Cyprus Deputy Shipping Minister Marina Hadjimanolis is leaving for a 16-day visit to Japan, China and South Korea on Tuesday, seeking to strengthen maritime cooperation, attract new business and promote ...

Hybrid cars accounted for more than half of all passenger saloon car registrations in Cyprus during the first nine months of 2026, while the share of fully electric vehicles declined, according ...

Cypriot investment firm Demetra Holdings Plc bought back 4,341 of its own shares at an average price of €1.371, the investment company announced on Tuesday. The purchases were carried out on Monday ...

Shipping agents face growing security and compliance responsibilities as geopolitical tensions disrupt maritime trade, the Cyprus Shipping Association (CSA) said during an international industry gathering in Tokyo.  The association’s ...

Cyprus must strengthen its response to illegal gambling and ensure that player protection goes beyond regulatory compliance, National Betting Authority (NBA) chairman Panayiotis Trisokkas said this week, as the island ...

Prices for the same products at Cyprus supermarkets differ by as much as 226 per cent, according to a new survey by the Cyprus consumers association, which has called for a ...

Banking regulators are stepping up efforts to contain growing AI risks, six people familiar with the matter said, with some pointing to the potential for cyberattacks on banks or rogue ...

The future of banking, artificial intelligence and financial technology in Cyprus will come under discussion on Tuesday at the first Forbes Cyprus Next Generation Banking & Fintech Summit, bringing together ...

The American Chamber of Commerce in Cyprus (AmCham Cyprus) has welcomed Complytek AI as a new business member, strengthening its network of companies operating in technology, regulatory compliance and financial ...

The Central Bank of Cyprus (CBC) will restrict its public counter services to 11am to 1pm on Friday, October 16, because of a scheduled emergency preparedness exercise at its premises. The ...

The European Central Bank (ECB) will hold two online workshops later this month and in November to explain the implementation of its Integrated Reporting Framework (IReF), which aims to standardise ...

Cyprus’ property market is facing a growing imbalance between what developers are building and what local buyers can afford, with Ask Wire founder and CEO Pavlos Loizou warning that a ...

The Cyprus Chamber of Commerce and Industry (Keve) will hold a seminar in Limassol on November 9, 2026, covering employment termination, workplace rights and obligations, and Cyprus’ new teleworking legislation. The seminar, ...

Stellantis (STLAM.MI) headed into Paris Motor Show with a message it ​hopes customers, investors and dealers are ready to hear: after years of sliding market share and weak sales ‌...

Broadcom chief executive Hock Tan stated on Monday that capital availability will become the primary constraint restricting the growth of artificial intelligence as development continues to scale rapidly. Speaking at ...

Beer deliveries in Cyprus fell by 1.2 per cent year-on-year in September, as an increase in domestic sales was outweighed by a sharp drop in exports, according to figures released by ...

Jumbo executive board member Sofia Vakaki purchased 3,155 ordinary shares worth €76,315.80 on October 8, the retail group announced on Monday. The transaction was disclosed in line with the applicable legal and regulatory ...

Alpha Bank has purchased more than 2.24 million of its own shares for €9.69 million as part of its share buyback programme, according to an announcement published on Monday. Specifically, the lender ...

Greek airline Aegean has appointed Michalis Kouveliotis as chief executive officer, succeeding Dimitris Gerogiannis, who is stepping down after 20 years in the role but will remain with the company as ...

Cyprus’ state workforce reached 53,152 employees in September 2026, increasing by 622 people or 1.2 per cent from 52,530 a year earlier, according to figures released on Monday by the statistical service (Cystat).  The increase ...

Cyprus’ trade deficit widened to €6.3 billion in the first eight months of 2026, as imports increased by 10.9 per cent, more than double the 5 per cent growth recorded in exports, according to ...

The Cyprus Stock Exchange (CSE) announced on Monday that its official website will be temporarily unavailable on October 17, 2026. The scheduled temporary outage is necessary to carry out routine upgrades and ...