Business

Cyprus recorded 1,013,843 guest nights in short-term rental accommodation booked through online platforms in the first quarter of 2026, according to Eurostat data covering stays arranged through platforms including Airbnb, Booking and ...

Greece repaid €2.5 billion to the European Financial Stability Facility on Thursday, using proceeds generated from the reprivatisation of Greek banks that had previously received support from the Hellenic Financial Stability ...

The annual Thalassa festival will return to Limassol on Saturday, October 10, bringing together more than 30 public and private bodies to promote Cyprus’ maritime sector and the opportunities offered by the ...

Retail sales volumes in Cyprus rose by 7.0 per cent year-on-year in August, pointing to continued strong growth in consumer activity, according to data released by the Cyprus Statistical Service (Cystat) ...

The Cyprus Securities and Exchange Commission (CySEC) announced on Friday that it will launch a nationwide financial awareness campaign next week as part of World Investor Week 2026, focusing on investor ...

Cyprus’ current account deficit widened to €1.30 billion in the second quarter of 2026, according to Eurostat, contrasting with a substantial surplus recorded by the European Union as a whole. The deficit ...

Cyprus’ annual inflation rate remained at 5.2 per cent in September, according to a flash estimate by Eurostat, leaving the country among the member states with the highest inflation rates as ...

Cyprus tourism revenue rose by 4.6 per cent year-on-year in July to €536.5 million, according to the Cyprus Statistical Service (Cystat), as the sector recorded higher visitor spending during a summer season ...

Low-cost airline Wizz Air launched its new Larnaca-Madrid route in September as part of its wider effort to expand its Cyprus network, with network director Andras Szabo saying the airline ...

MHV Mediterranean Hospitality Venture Plc on Friday reported a net loss of €5.07 million for the six months to June 30, 2026, narrowing significantly from a €10.22 million loss in the corresponding period of 2025, ...

Genikes Insurance on Friday announced that it has renewed its support for the Cyprus Fire Service this year by providing electrolytes, energy bars and operational equipment to help personnel during ...

Cypriot investment firm Demetra Holdings Plc warned on Friday that its nine-month profit for 2026 is expected to be lower than in the corresponding period of 2025, mainly because of losses from ...

DCO Secretary-General Deemah AlYahya has been appointed to a United Nations high-level panel examining freedom of transit for landlocked developing countries, the UN has announced. UN Secretary-General António Guterres ...

Cyprus house prices rose 7.9 per cent year-on-year in the second quarter of 2026, significantly faster than the EU average, according to both Eurostat and Cyprus Statistical Service (Cystat) data, reflecting renewed ...

Cyprus company develops software layer for Europe’s quantum ambitions Superpositions Studio is building a quantum computing software platform from Limassol, aiming to help businesses determine whether the rapidly developing ...

Cyprus recorded 9,152 new enterprises in 2024, while 5,566 businesses closed, according to Eurostat data showing that new business creation outpaced enterprise deaths on the island during the year. The figures gave Cyprus ...

Cyprus’ unemployment rate rose to 4.1 per cent in August 2026, according to Eurostat data, as the jobless rate across both the European Union and euro area remained broadly stable. The Cyprus ...

Investment bank UBS has maintained a positive stance on European banks, identifying Greece as its preferred market amongst nations with heavy exposure to floating interest rates. Although global investors already ...

Companies betting AI devices will usher in a post-smartphone era are fueling privacy fears around the globe that could slow adoption of the emerging technology. The backlash against devices that ...

Long Volkswagen’s most reliable profit driver, luxury sports car maker Porsche (P911_p.DE) has become its ​biggest problem, creating a road bump for CEO Oliver Blume’s restructuring ...

The European Commission on Thursday disbursed nearly €120 million to Cyprus under the Recovery and Resilience Facility after the country satisfactorily completed a series of agreed reforms and investment targets. The ...

The Middle East crisis has sharply weakened confidence among Limassol businesses, pushing energy costs, weaker sales and economic uncertainty higher up their list of concerns, even as companies continue to ...

Shipping companies in the Eastern Mediterranean are raising their climate ambitions faster than their ability to implement them, with financial pressures, skills shortages and limited operational capacity emerging as increasingly ...

Artificial intelligence is already reproducing human biases and gender stereotypes, making the participation of women in the design and development of technology increasingly important, Gender Equality Commissioner Josie Christodoulou said ...