#business

Cyprus among EU leaders in GenAI use Cyprus ranked among the leading countries in Europe for the use of generative artificial intelligence in 2025, according to Eurostat, highlighting the island’s ...

Cyprus’ social spending drops to 19.2 per cent of GDP in 2023 Social protection expenditure fell as a percentage of Gross Domestic Product (GDP) in 2023, even as the total spending increased in ...

Eurobank highlighted the importance of embedding environmental, social and governance (ESG) principles into core business strategy rather than treating them as a communications exercise, during its participation in the 4th ...

Cypriots made more than 237,000 trips abroad for business purposes in 2024, while Cyprus itself recorded close to 279,000 business-related arrivals by foreign visitors over the same period, according to the Cyprus Statistical ...

Cyprus continued to record relatively low levels of payment fraud in 2024, even as European banking supervisors warn that the overall risk landscape is evolving, with criminals increasingly shifting tactics rather ...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday welcomed the signing of a new strategic agreement between Cyprus and France. In its announcement, the chamber said that the ...

Cyprus recorded strong growth in industrial production in October 2025, outperforming the euro area and EU averages, according to new figures released this week by Eurostat. Eurostat reported that in October 2025, ...

After a stellar 2025, investors expect shares in European banks to keep heading higher in 2026, supported by strong earnings and, crucially, cost savings stemming from artificial intelligence. As fears of a ...

Cyprus recorded one of the largest deficits in personal transfers in the European Union during 2024, according to Eurostat, highlighting the scale of money flowing out of the country to households ...

Cyprus and Vietnam further strengthened their bilateral ties on Wednesday with the signing of a double tax treaty. The agreement, signed at the finance ministry in Nicosia, aims to boost ...

The Bank of England looks set for a knife-edge vote on interest rates this week with Governor Andrew Bailey expected to change his view and tip the balance for a ...

iRobot (IRBT.O), the maker of the Roomba vacuum cleaner, has filed for bankruptcy protection, saying that it would go private after being bought by Picea Robotics, its primary manufacturer. ...

The red-hot trade backing artificial intelligence-related stocks has taken a bruising from back-to-back troubling updates from Oracle and Broadcom, reigniting concerns about frothy valuations and an AI bubble. Still, investors ...

The British public’s expectations for inflation inched lower in November, according to a Bank of England survey. The public’s median expectation for the rate of inflation in the ...

Cyprus and Vietnam further strengthened their bilateral ties on Wednesday with the signing of a double tax treaty. The agreement, signed at the finance ministry in Nicosia, aims to boost ...

Employment in the broad public sector in Cyprus stood at 74,431 in the third quarter of 2025, an increase of 1.8 per cent year-on-year, according to figures released on Monday by the statistical ...

The long-planned mixed-use project on the site of the former Curium Palace hotel in Limassol is advancing towards licensing, with authorities yet to finalise key planning and building permits, industry ...

Cyprus’ Statistical Service (Cystat) on Monday announced that turnover increased in wholesale trade and in the trade and repair of motor vehicles during the third quarter of 2025, reflecting continued economic ...

Young in people in Cyprus were less likely than most of their European peers to drop out of formal education or training during 2024, according to Eurostat, highlighting the island’s ...

Cyprus experienced decline in job vacancies in the third quarter of 2025, according to the state statistical service (Cystat). This signals easing labour demand across the economy as hiring slowed during ...

Cyprus’ statistical service (Cystat) on Monday reported a decline in the number of building permits issued between January and August 2025, reflecting a slowdown in authorisations even as the overall value ...

Eurobank chief executive officer Fokion Karavias said investments are a national necessity and Cyprus plays a pivotal role in the group’s future, in a wide-ranging interview with Greek business ...

Eurogate Limassol is preparing to expand storage capacity at its Container Terminal by demolishing one of two warehouses that pre-date the port’s privatisation, a move that Chief Operating Officer ...

The Cyprus Chamber of Commerce and Industry (Keve), in collaboration with the Cyprus Research and Innovation Enterprises Association (CRIEA), on Monday announced the creation of the Cyprus Defence and Space ...