Business

Ask Wire CEO Pavlos Loizou has warned that Cyprus’ housing problem is not being driven by a lack of land, but by the failure to use existing land effectively, arguing ...

Cyprus recorded a clear improvement in its labour market during the first quarter of 2026, with the unemployment rate falling to 4 per cent compared to 5 per cent in the same period ...

The Cyprus general government recorded a fiscal surplus of €593.4 million during January-April 2026, according to preliminary data released on Friday by the Cyprus Statistical Service (Cystat). The surplus corresponded to 1.5 per ...

Paphos hotels are expected to see occupancy rates exceed 90 per cent during the Kataklysmos holiday weekend, as strong demand from Cypriot visitors gives the sector a welcome, if short-lived, boost. ...

When you’re searching for your first student home in Cyprus, the worst part isn’t failing to find an apartment. It’s not knowing whether you’ve seen them ...

The EU’s Competitiveness Council this week adopted conclusions on sustainable and competitive tourism, in what Deputy Tourism Minister Kostas Koumis described as a key achievement of the Cyprus Presidency ...

Temu has rejected a €200 million fine imposed by the European Commission under the Digital Services Act (DSA), describing the penalty as disproportionate and saying the decision does not reflect the ...

Interior Minister Constantinos Ioannou has defended the government’s business-friendly approach to housing and development, saying the private sector is better placed than the state to deliver projects quickly and ...

Christos Tsanos has been re-elected president of the Limassol district branch of the Cyprus Hoteliers Association (Pasyxe), as the city’s hotel industry looks to maintain stability in a period ...

Posidonia 2026 is set to highlight the global reach of Greek shipping, with this year’s exhibition expected to attract more than 2,200 exhibitors from 80 countries, even as geopolitical tensions continue to ...

A profound breakdown between authority and accountability is actively reshaping the modern maritime industry, leaving ship masters to carry the professional consequences of decisions micro-managed by shore-side teams. The widening ...

The numbers do not lie, although they do not quite add up either. Not until you look closer. For the Cyprus property market, 2025 was a record-breaking year. Total transaction value ...

HSBC has appealed to staff not to fight ​AI, saying it would destroy jobs while creating new ones, as banking rival Standard Chartered sought to ‌calm workers over comments that ...

A major economic summit focusing on the trajectory and contribution of the professional services sector will convene in Nicosia on June 4, 2026. The high-level gathering, officially titled the Fourth Professional Services ...

Chinese online retailer Temu has been fined €200 million by the European Commission for failing to properly assess the risk of illegal and dangerous products being sold to EU consumers through ...

Cyprus’ industrial production index recorded an annual increase of 4.7 per cent in March, according to a report from the state statistical service (Cystat). The service reported that the index reached 116.7 ...

The numbers do not lie, although they do not quite add up either. Not until you look closer. For the Cyprus property market, 2025 was a record-breaking year. Total transaction value ...

PwC Cyprus CEO-elect Andreas Yiasemides has stressed that artificial intelligence is “no longer a future ambition or a technology experiment taking place on the margins of day-to-day business”, describing it ...

Fuel prices in Cyprus are expected to fall within the next 10 days, following a recent drop in international oil prices, petrol station owners’ association chairman Savvas Prokopiou said on Thursday. ...

A small number of oil and LNG tankers have begun leaving the Gulf through the Strait of Hormuz, offering limited relief to Asian buyers, even as traffic through the key ...

Deputy Minister to the President Irene Piki this week said Cyprus and Italy can act as bridges of stability and economic interconnection between Europe, the Middle East and North Africa, ...

Deputy Shipping Minister Marina Hadjimanolis attended receptions hosted by Columbia Shipmanagement and Bank of Cyprus (BoC) in Athens, as Cyprus sought to strengthen its presence around Posidonia 2026, one of the ...

Cypriot startup Kyprium is aiming to transform the island’s recruitment sector through artificial intelligence, with founder Michalis Senekkis arguing that Cyprus must move away from informal hiring practices and ...

The Middle East crisis is increasingly spilling into labour markets worldwide, threatening jobs, incomes and working conditions as higher energy costs, disrupted transport routes, weaker tourism and tighter migration flows ...