#business

House prices in Cyprus recorded a modest year-on-year increase of 1 per cent during the second quarter of 2025, according to preliminary estimates published by the Cyprus Statistical Service (Cystat). In addition, ...

Cyprus recorded an unemployment rate of 5.1 per cent in August 2025, higher than the 5 per cent rate seen in July and up from 4.6 per cent in August 2024, according to figures published ...

The Cyprus Stock Exchange (CSE) on Friday announced that it will organise presentations on environmental, social and governance (ESG) assessment tools, as part of its ongoing strategy to enhance sustainable ...

Delivery platforms, such as Wolt, are seen as very important by 74 per cent of Cypriot partner businesses, according to the company’s 2025 local commerce survey. The research showed that more ...

Cyprus recorded the third largest increase in the European Union for short-term rental accommodation in the second quarter of 2025, with a rise of 29 per cent compared with the same period ...

The Cyprus Real Estate Agents Registration Council on Friday voiced strong opposition to key provisions of three draft bills currently being debated in parliament. In its statement, the council warned ...

The risks to financial stability in the European Union remain elevated due to ongoing geopolitical uncertainty, according to a new report by the European Systemic Risk Board (ESRB). The ESRB ...

Cyprus retail trade recorded strong growth in August 2025, driven by higher turnover and sales volume, according a report released this week by the Cyprus Statistical Service (Cystat). The Turnover Value ...

Economic policy uncertainty in the United States has a direct impact on euro area firms’ access to financing, the European Central Bank (ECB) said in a blog post this week, ...

Inflation in Cyprus continued to decline on an annual basis for the fifth consecutive month in September, according to figures released this week by the Cyprus Statistical Service (Cystat). According ...

Finance Minister Makis Keravnos on Thursday handed over the draft state budget for 2026 amounting to €10.7 billion to House president Annita Demetriou, with the House expected to vote on it by ...

Cyprus-headquartered ASBISc Enterprises Plc, commonly referred to as Asbis, has announced the acquisition of CPT Praha spol. s r.o., a Czech distributor specialising in premium audio products. The board ...

The Digital Cooperation Organisation (DCO) announced the launch of its AI-REAL Toolkit at the G20 Digital Economy and Artificial Intelligence Ministers’ Meeting in Cape Town on Thursday, marking what it ...

The Cyprus Securities and Exchange Commission (CySEC) this week issued new guidance on annual fees under the Digital Operational Resilience Act for the financial sector, known as DORA. The announcement ...

Demetra Holdings Plc on Thursday announced the repurchase of its own shares through the Cyprus Stock Exchange (CSE). Specifically, the company purchased 5,000 of its own shares at a price of 1.665 ...

The Central Bank of Cyprus (CBC) on Thursday released new data on average interest rates and loan volumes for August 2025, highlighting a slowdown in lending activity and contrasting trends in ...

Deloitte Cyprus on Thursday published its latest transparency report, covering the period from June 1, 2024, to May 31, 2025, providing an overview of the firm’s performance and governance during this time. “Deloitte’...

Cyprus has entered a new era in its electricity sector with the launch of the competitive electricity market, a development in which Eurobank played a decisive role as the general ...

Cyprus’ tourism sector in 2025 is expected to perform similarly to the levels recorded in 2024, according to the president of the Cyprus hoteliers association (Pasyxe) Thanos Michaelides. In an interview with ...

Cyprus recorded zero annual inflation in September 2025, making it the only country in the euro area with no change in consumer prices compared with the same month last year, according ...

Cyprus’ economy showed signs of a mild slowdown in September 2025, according to a report from the University of Cyprus’ Economics Research Centre (CypERC). Specifically, the research centre regularly publishes its ...

Global financial messaging network SWIFT and more than 30 global banks announced this week they were now working “at pace” on making cross-border payments instantaneous and on a system capable of ...

OPEC+ may speed up production increases in November from the 137,000 barrels per day hike it made for October at its meeting on Sunday as its leader Saudi Arabia pushes to ...

Having been badly burned by the British government’s major tax-raising budget last year, business leaders told ministers at the ruling Labour Party’s annual conference that they could no ...