#business

The Mall of Engomi (ME) Plc this week reported a sharp increase in profit after tax for the first half of 2025 while confirming that no significant changes are expected in ...

Cyprus’ robust fund framework and status as a top ship management centre place it at the crossroads of alternative credit and maritime financing, according to Michalis Vasiliou, executive director at ...

Revenue from tourism in Cyprus rose by 8.2 per cent in July 2025, reaching €513 million, according to a report released on Monday by the state statistical service. Officials said this figure marked ...

Cyprus’ Industrial Production Index reached 125.8 units in July 2025, using 2021 as the base year set at 100 units, according to the statistical service. This represented an increase of 1.8 per cent compared with ...

The Eastern Mediterranean’s shipping community is moving, albeit unevenly, towards cutting greenhouse gas emissions, according to the first wave of the METAVASEA survey conducted between June and November 2024, just ...

The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical capital buffer (CCyB) for exposures in the Republic of Cyprus at 1.5 per cent. In a statement on Monday, ...

A comprehensive package of legislative reforms has been introduced to modernise procedures, simplify processes and facilitate business activity in Cyprus. The reforms are part of the implementation of the action ...

Elon Musk, CEO of X, SpaceX, Tesla and Starlink, met with the leadership of the BRIDGE Summit at Tesla’s headquarters in Palo Alto, California, to discuss the future of ...

Demetra Holdings Plc on Monday announced the buyback of its own shares through the Cyprus Investment and Securities Corporation Ltd (CISCO). According to an announcement on the Cyprus Stock Exchange (...

The Cyprus Stock Exchange (CSE) on Monday announced the continuation of the suspension of trading of the shares of Toxotis Investments Public Ltd, A. Tsokkos Hotels Public Ltd and Dome ...

Thousands of visitors attended European Researchers’ Night at the State Fair in Nicosia on September 26, 2025, according to an announcemnet by the Research and Innovation Foundation (RIF). The foundation described the ...

Lufthansa will cut 4,000 administrative jobs by 2030 and set higher profitability targets, the German airline group said on Monday, as it seeks to boost efficiency through digitalisation and automation. Shares in ...

Cypriots in the City, the UK’s largest and fastest growing network for Cypriot professionals, recently hosted its “Together in the City” event. The event, held on September 24, was co-organised ...

Cyprus has the most generous personal income tax break in the European Union, sparing the first €19,500 of earnings from tax.   That cushion, higher than anywhere else in the bloc, helps ...

Revenue from tourism in Cyprus rose by 8.2 per cent in July 2025, reaching €513 million, according to a report released on Monday by the state statistical service. Officials said this figure marked ...

Around 15,000 applications from third-country nationals seeking permits to acquire real estate in Cyprus have been submitted over the past five years, according to Interior Minister Constantinos Ioannou.  The minister provided ...

Cyprus’ public finances remain on a strong footing, with German rating agency Scope projecting public debt will fall below 60 per cent of GDP this year and under 50 per cent in ...

Food prices in Cyprus have risen by 20 per cent since the end of 2019, the mildest increase in the euro area, while Estonia has seen the steepest jump at 57 per cent, ...

Two of Cyprus’ leading tourism bodies have renewed their commitment to sustainability, innovation and year-round growth, marking this year’s focus on the transformative power of tourism. Firstly, the Cyprus ...

Cyprus will once again take part in GITEX Global 2025 in Dubai, marking its fourth consecutive year at the world’s leading technology exhibition. The island will be represented by 14 information ...

Alkis H. Hadjikyriacos (Frou-Frou Biscuits) delivered a steady performance in 2024, with resilient sales, stronger profits and a solid balance sheet. The group benefited both from its established product lines and ...

EU-backed researchers are working with communities in overlooked regions to create tourism strategies that promote heritage while ensuring long-term sustainability. By Sofia Sanchez Manzanaro Europe’s most popular travel destinations ...

Worldwide shipments of augmented and virtual reality (AR/VR) headsets combined with display-less smart glasses are expected to grow 39.2 per cent in 2025, with volumes reaching 14.3 million units, according to new ...

PC shipments to the United States stagnated in the second quarter of 2025, falling 1.4 per cent year on year to 18.6 million units, according to the latest research from industry analysts Canalys. ...