Business

Eurobank has projected that its total financing in Crete between 2023 and 2028 will exceed €1.3bn, underlining what it describes as a long-term commitment to supporting the island’s development trajectory and ...

Global airlines are heading into a tougher 2026, with industry profits expected to halve as war-related disruption in the Middle East and a sharp rise in fuel prices weigh heavily on ...

The Cyprus Cement Public Company Ltd announced this week that it has proceeded with a share buyback transaction, purchasing its own shares in line with a prior shareholder decision and ...

Turkish president Recep Tayyip Erdogan last week announced the merger of three state-owned Islamic banks, unveiling a restructuring plan aimed at expanding the role of participation banking within the country’...

IATA director general Willie Walsh has warned that global airlines are facing another difficult year, as higher fuel prices, geopolitical instability and aircraft supply chain failures are expected to cut ...

The International Maritime Organisation (IMO) has called on its 176 member states and the global shipping industry to strengthen efforts to protect the marine environment, as World Oceans Day was marked ...

Shareholders of Lanitis Golf Public Co Limited gathered in Limassol on June 4, for the company’s annual general meeting to approve key financial and governance resolutions. According to an announcement ...

The Central Bank of Cyprus (CBC) has reported that the transmission of European Central Bank (ECB) interest rate changes remains weaker in the Cypriot banking sector compared with most euro ...

Cyprus’ total beer deliveries fell by 2.4 per cent year-on-year in May, driven by a steep contraction in exports, according to the Cyprus Statistical Service (Cystat). According to the data, total ...

Nine bi-communal business partnerships received a total of €500,000 in Nicosia on Monday, at an awards ceremony that placed cooperation between Greek Cypriot and Turkish Cypriot entrepreneurs at the centre of ...

Q: Luxury real estate has traditionally been associated with lifestyle. Why is the conversation changing now? For many years, luxury property was primarily marketed through emotion: lifestyle, design, location and ...

The Central Bank of Cyprus (CBC) will host a round table discussion on financial literacy on June 18, bringing together senior European central banking figures and presenting new research on public ...

The Cyprus Chamber of Commerce and Industry (Keve) has announced the launch of applications for the 2026 edition of its youth entrepreneurship awards, marking the ninth consecutive year of the initiative. ...

Budget airline Wizz Air announced on Monday that it plans to introduce Starlink connectivity across its fleet from 2027, becoming the first European ultra-low-cost carrier to deploy the satellite-based internet service. ...

Total employment in Cyprus increased by 2 per cent year-on-year during the first quarter of 2026, reaching an estimated 513,367 people, according to the state statistical service (Cystat). The figures were released in ...

Shipping Symposium Cyprus’ 26 will take place in Limassol later this month, bringing together leading figures to discuss the challenges, realities and opportunities facing the maritime sector. The event, which carries ...

Cyprus recorded increases in labour productivity during the first quarter of 2026, according to Eurostat, outperforming the overall European Union average in terms of output per employed person. The figures showed ...

Cyprus’ apparent cost of government debt increased to 2 per cent in 2025, while the country’s debt remained overwhelmingly denominated in euro in line with the wider euro area, according to ...

The Central Knowledge Transfer Office (CKTO) of the Research and Innovation Foundation (RIF) has completed three years of full operation. In an announcement released on Monday to mark the occasion, ...

Greek retail chain Jumbo said sales at its Cyprus stores rose by around 9 per cent year-on-year in May 2026, marking a strong recovery after the Easter-related slowdown recorded in April.  For ...

Procurement professionals must prioritise trusted relationships and supply chain resilience, rather than focusing solely on cost reduction, Maria Theodosiou, Managing Director of GenPro, said at a GenPro event held during ...

Sir Stelios Haji-Ioannou returned to Pedoulas on June 6, marking his first visit in 16 years to the mountain village where his father, Loucas Haji-Ioannou, was born. The visit was described as ...

Bernhard Schulte Shipmanagement (BSM) has appointed Elena Pantazidou as Chief People Officer, effective June 1, 2026, reporting to the Chief Executive Officer. As a member of BSM’s Management Board, Pantazidou joined ...

Employment in the European Union’s green economy has grown by an average of 6 per cent per year since 2014, reaching 5.8 million full-time equivalents by 2023, according to Eurostat. The analysis of ...