Business

A Greek flagged and owned tanker was struck by a missile off the Russian port of Novorossiysk in the Black Sea, authorities said on Saturday, though all 24 crew members on ...

Business & economy news from the day before Public debt continued to fall in 2025, reaching its lowest percentage of GDP since 2008, while Cyprus also recorded its fourth consecutive fiscal surplus. ...

The European Central Bank (ECB) has reported that 444,000 counterfeit euro banknotes were withdrawn from circulation in 2025, representing a 20 per cent decrease compared with the previous year. The ECB said that ...

The International Air Transport Association (IATA) this week highlighted three priorities for the global air cargo industry: accelerating digitalisation, strengthening global standards, and enhancing safety and security. The call came ...

Advanced Machine Intelligence, the startup founded by former Meta Platforms chief AI scientist Yann LeCun, has announced that ​it raised $1.03 billion based on a $3.50 billion pre-money valuation, as it ‌seeks ...

Microsoft (MSFT.O) is adding Anthropic’s AI technology to its Copilot service to tap ​growing demand for autonomous agents, weeks after the startup’s new tools ‌sparked a selloff ...

Cyprus recorded a general government fiscal surplus of €538.8 million in January 2026, equivalent to 1.5 per cent of gross domestic product, according to the Cyprus Statistical Service (Cystat). The figure represents a ...

Leverage associated with XRP has reportedly dropped by as much as 78%, indicating a significant pullback in speculative trading activity around the token. The steep decline suggests that traders are taking ...

Finance Minister Makis Keravnos on Friday said the role of Invest Cyprus remains decisive in establishing Cyprus as an attractive, safe and competitive investment destination, during remarks delivered at the ...

Interest rates for new housing loans in Cyprus rose to a peak of 3.41 per cent in January, up from 3.25 per cent during the previous month, though borrowing costs on the ...

H.I.G. WhiteHorse, the credit affiliate of HIG Capital, has provided first-lien, senior-secured financing to back the acquisition of Viabus B.V. by German investment firm Armira, in a ...

Invest Cyprus on Friday presented the results and actions for 2024 and 2025 during its annual general meeting, highlighting the strengthening of Cyprus’ international investment position and the growing contribution of foreign ...

Britain’s economy stagnated unexpectedly in January after weak growth in the preceding months, according to official data, which showed a loss of momentum even before the war in Iran ...

Eurogate Container Terminal Limassol (ECTL) and the Eratosthenes Centre of Excellence of the Cyprus University of Technology have signed a memorandum of cooperation aimed at strengthening collaboration and developing joint ...

Cyprus saw approximately 5,000 unemployed people aged 15 to 74 move into employment in the fourth quarter of 2025, according to Eurostat data on labour market flows released on Friday. That was slightly lower ...

Cyprus recorded the strongest quarterly increase in employment in the European Union in the fourth quarter of 2025, with the employment rate for people aged 20 to 64 rising to 82.1 per cent from 81.5 ...

Building permit activity in Cyprus remained strong in November 2025, according to data released on Friday by the statistical service (Cystat).  A total of 850 permits were authorised in November 2025, with a ...

Cyprus tourism is facing a split start to the season as Limassol maintains steady visitor flows despite regional tensions, while hoteliers in Famagusta seek emergency state support to counter a ...

Public debt continued to fall in 2025, reaching its lowest percentage of GDP since 2008, while Cyprus also recorded its fourth consecutive fiscal surplus.  President Nikos Christodoulides on Friday used his social ...

Plans to give very small businesses access to payment accounts with basic features are expected to go before parliament’s plenary, even as ministries, the Central Bank of Cyprus (CBC) ...

Limassol district local government organisation (EOA) president Yiannis Tsouloftas this week met with shipping deputy minister Marina Hadjimanolis to discuss cooperation opportunities under the European EIT Water initiative. The meeting ...

Mental health experts are warning that, if the industry does not remove barriers for women at sea, it risks losing the next generation of talent and leaders altogether, according to ...

The Bank of England will cut interest rates to 3.50 per cent either in April or June, according to economists polled by Reuters who have largely abandoned calls for a March 19 ...

For the moment, Cyprus does not face a problem in relation to its fuel stocks amid the Persian Gulf energy crunch, the Cyprus Mail has learned. “Right now we are ...