Business

Cyprus’ seasonally adjusted unemployment rate fell to 3.1 per cent in May 2026, according to figures released by Eurostat on Thursday, marking a further improvement from the previous month and a sharp ...

Cyprus’ house prices rose at a slower annual pace in the first quarter of 2026, although they increased compared with the previous quarter, preliminary figures from the state statistical service (Cystat) ...

Commercial shipping is no longer dealing with isolated danger zones, but with a chain of crises that are increasingly feeding into one another, Nikolas-Alketas Drosos, Maritime Commercial Manager & Country ...

Cyprus’ inflation rate rose to 3.1 per cent in June 2026, according to figures released by the statistical service (Cystat), as petroleum products and agricultural goods continued to record the sharpest annual ...

The Bank of Cyprus on Thursday announced that it received two major honours at the EMEA Finance Achievement Awards 2025 for its €300 million Tier 2 bond issuance, further strengthening its standing in ...

The American University of Beirut – Mediterraneo (AUB Mediterraneo) and Cyta have signed a memorandum of understanding (MoU) aimed at bringing academia and industry closer together, with a focus on innovation, ...

Retail proprietary trading is no longer among the European Securities and Markets Authority’s (ESMA) immediate regulatory priorities, according to Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides, despite ...

Paphos is evolving into one of Cyprus’ most dynamic business and investment centres, with tourism now complemented by real estate, education, technology and professional services, according to an analysis published ...

The ECB is considering doubling the proportion ​of cash lenders must keep as reserve in an unremunerated account, six sources told Reuters, which ‌would cut the central bank’s own ...

The Central Bank of Cyprus (CBC) has lowered its growth forecasts for the Cypriot economy for 2026 and 2027, pointing to the impact of the war in the Middle East and warning ...

The European Union published the 2026 edition of key figures on European business this week, offering a comprehensive analysis of industry activities, investment, productivity, globalisation, technology, and tourism across member states. ...

Paramount Skydance Corp (PSKY.O) has offered remedies to address EU ​competition concerns about its $110 billion acquisition of ‌Warner Bros Discovery (WBD.O), a regulatory filing showed on Wednesday, in ...

Global passenger demand fell 2.2 per cent year-on-year in May, as the war in the Middle East continued to disrupt air travel, although demand outside the region remained positive, according to ...

Energy expert Dr Charles Ellinas on Wednesday warned that the Cypriot government is likely offering “continuous concessions” to multinational energy corporations so as to persuade them to drill for natural ...

The Central Bank of Cyprus (CBC) has lowered its growth forecasts for the Cypriot economy for 2026 and 2027, pointing to the impact of the war in the Middle East and warning ...

The Cyprus Securities and Exchange Commission (CySEC) announced on Wednesday that it has granted an exemption to Logicom Services Limited regarding the mandatory requirement to launch a public takeover bid ...

Cyprus recorded an estimated annual inflation rate of 4 per cent in June 2026, up from 3.5 per cent in May, according to flash figures released on Tuesday by Eurostat, while inflation across ...

Cyprus’ turnover value index of retail trade saw an year-on-year increase of 9.8 per cent in May, according to a report from the state statistical service (Cystat). For the same month, ...

A total of 800 homes out of 1,200 approved properties have been incorporated into the mortgage to rent scheme, state-owned asset management company Kedipes said on Wednesday, as it continues processing applications. ...

The board of directors of ASBISc Enterprises Plc has announced the appointment of Jaan Kristian Teär as a non-executive director, with the decision taking effect from July 1, 2026. This leadership ...

The European Commission’s pledge to prevent shipping companies from being charged twice for the same emissions is a welcome step, but the industry now needs clear guidance on how ...

Demetra Holdings Plc held its twenty-sixth annual general meeting in Nicosia on June 30, where the company announced a significant return of capital to shareholders alongside a cautionary outlook for the ...

PwC Cyprus entered a new leadership chapter on Wednesday, with Andreas Yiasemides assuming the role of CEO for a four-year term, succeeding Philippos Soseilos after more than four years at ...

Britain’s economy grew robustly in the first quarter ‌of 2026, official data confirmed this week, but households were squeezed even before the worst effects of the US-Iran conflict started to ...