Business

Deposits in the Cypriot banking system recorded a net decrease of €123.1 million in April 2026, according to data released this week by the Central Bank of Cyprus (CBC). The drop marked ...

European households are displaying a persistent reluctance to invest in equities, a trend that continues despite the long-term wealth-building potential of financial markets, according to a working paper from the ...

Safe Bulkers has started trading on the Main Market of Euronext Athens, in a move aimed at strengthening the link between Greek shipping and European capital markets. The company, which ...

Analysts from the European Central Bank (ECB) have detailed the drivers behind the dramatic surge in the market value of euro area banks seen throughout 2025. In their analysis, the ECB’...

Europe’s smartphone market recorded modest growth in the first quarter of 2026, highlighting resilient demand despite rising supply-side pressures, according to market research firm Omdia. The report showed that smartphone ...

Freedom Holding Corp., the parent company of Freedom24, has announced record financial results for the fiscal year ended March 31, 2026, reporting higher revenue, a doubling of net profit and continued growth ...

Cyprus remained one of the European Union’s most foreign-dependent tourism markets in the first quarter of 2026, with overseas visitors accounting for 85.6 per cent of all tourist overnight stays, Eurostat ...

Cyprus’ economy grew by 3 per cent year-on-year in the first quarter of 2026, supported by household spending, exports and activity across key services sectors, preliminary data from the Cyprus Statistical Service (...

Retail trade turnover in Cyprus continued to rise in April 2026, with both value and volume indices recording annual increases, according to a report by the Cyprus Statistical Service (Cystat). Specifically, ...

Cyprus’ tourism revenue fell sharply in March 2026, dropping by 33.8 per cent year-on-year to €85.6 million, according to a report from the Cyprus Statistical Service (Cystat). The decline compares with €129.4m recorded ...

The Cyprus consumers association showed that consumer goods prices continued to fluctuate in the second half of May, with increases recorded across 165 products in 34 product categories. The association said that ...

Safe Bulkers has started trading on the Main Market of Euronext Athens, in a move aimed at strengthening the link between Greek shipping and European capital markets. The company, which ...

The British foreign office has updated its travel advice for Cyprus, removing emergency references to regional tension that had unsettled parts of the British tourist market. The previous version of ...

Cyprus has been restored to the lowest level of US travel advice, with the state department advising American citizens to exercise normal precautions when visiting the island. According to the ...

PwC Cyprus has honoured employees who achieved top results in ACA, ACCA and university examinations, recognising their academic performance during a ceremony held at the company’s Experience Centre. The ...

A Panama-flagged MSC container ship has been damaged by a large explosion off Iraq, raising fresh concerns over the safety of commercial vessels operating in the northern Arabian Gulf as ...

In a busy retail store, trade show hall, airport corridor, hospital lobby, or franchise location, the floor is usually treated as dead space. Customers walk across it, wait on it, ...

Greek shipping’s global reach was brought into sharp focus at Posidonia 2026, after Nasdaq marked the opening of the international maritime exhibition in Athens with a Times Square greeting. The ...

There is an exceptional kind of courage that only immigrants understand: the courage of arriving somewhere new with almost nothing, and betting everything on the belief that hard work and ...

Energy policy in Cyprus must move beyond pre-election slogans towards a coherent long-term national strategy, according to Andreas Poullikkas, professor of energy systems at Frederick University and former chairman of ...

The European Union maintained a positive trade balance during the first quarter of 2026, as goods exported to non-EU nations outpaced inbound shipments by €12.7 billion, according to data released by Eurostat. ...

Private equity buyouts propagate deeply through corporate supply chains, creating sharp performance gains for suppliers in normal times but heavy financial distress during economic downturns, according to a working paper ...

Cyprus’ tourism sector is currently down by around 20 per cent due to ongoing instability in the Middle East, according to the head of the Cyprus hotel managers association (Pasydixe) Christos ...

Sunflower oil is an essential product for Cyprus, widely used in retail, HoReCa, catering, bakeries and food manufacturing. Since local production is limited, the Cypriot market relies mainly on imports. ...