#business

Household final consumption expenditure in the EU, when corrected for inflation, grew by 1.5 per cent in 2024 compared with 2023, according to Eurostat. This increase was stronger than in 2023, when the growth ...

Researchers across Europe are deploying advanced automation in rail transport and making it smarter, cleaner and more reliable for passengers and freight. By Michaela Nesvarova Close to the beautiful coastline ...

Spain’s parliament will investigate Meta for possible privacy violations of its Facebook and Instagram users, Spanish Prime Minister Pedro Sanchez said this week. “In Spain, the law is above ...

The European Commission proposed this week streamlining and easing a slew of tech regulations, including delaying some provisions of its AI Act, in an attempt to cut red tape, head ...

Adobe (ADBE.O) and Qualcomm (QCOM.O) have announced that they are partnering with Humain, the artificial intelligence firm backed by Saudi Arabia’s sovereign wealth fund, to help the ...

An automatic cost-of-living adjustment, or CoLA, is effectively a system of wage indexation designed to address inflation, yet there is no universal application nor a unified model for its implementation. ...

Cyprus business & economy wrap-up from the day before President Nikos Christodoulides on Friday addressed the BusinessEurope Council of Presidents in Nicosia, stressing that the Cyprus Presidency of the Council ...

The Open University of Cyprus took part in and supported one of the most advanced and realistic international cybersecurity exercises, Crossed Swords 2025, through its Cybersecurity and Telecommunications Research Laboratory, known ...

Britain’s Financial Conduct Authority (FCA) has announced its equities trade tape detailing pre- and post-trade data will be operational by 2027, as it launched a consultation on the design and ...

Tourism must deliver tangible benefits across local communities, Deputy Minister of Tourism Kostas Koumis said on Friday. He added that the government is “continuing this year to support the promotion ...

Inditex, the group behind Zara, Stradivarius, Oysho and Massimo Dutti, closed 136 stores in the first quarter of 2025 as it accelerates a shift towards larger, more technologically advanced outlets.   The move ...

The Paphos regional tourism board (Etap) this week took part in the partner meeting of the European project ‘MED-Routes – Promotion of Eco-Itineraries within European Cultural Routes’, according to an announcement ...

Cyprus risks losing up to €695.2 million in annual government revenue if a new proposal expands the number of companies allowed to undergo a simple financial review instead of a full ...

Cyprus residents spent a total of €2.37 billion on domestic and outbound travel in 2024, according to figures released by the Cyprus Statistical Service on Friday. Overall, 543,526 residents made at least one ...

Port operator DP World Limassol on Friday announced that it recently organised a beach & ocean clean-up day in Limassol’s Dasoudi area. According to the company, this was “part ...

Startups4Peace (Su4P) marked its 10th anniversary with a strong presence at Slush 2025, the world’s leading startup event held in Helsinki, showcasing Cypriot entrepreneurial talent on the global ...

Cyprus will stop accepting personal cheques for payments to the state from January 1, 2026, as the Treasury moves to a faster and more secure collection system. According to an announcement released ...

President Nikos Christodoulides on Friday addressed the BusinessEurope Council of Presidents in Nicosia, stressing that the Cyprus Presidency of the Council of the EU, commencing in January 2026, will be guided ...

Loan and real estate management company doValue Cyprus on Friday announced that it has acquired a majority stake in Omnitouch Cyprus Ltd, thereby expanding its footprint in outsourced customer-support and ...

Adobe has agreed to buy Semrush for $1.9 billion, acquiring the Boston-based software platform that also operates a major office in Limassol, as the Photoshop maker moves to strengthen its marketing ...

The association of large investment projects renewed its call this week for a new deputy ministry focused on development and competitiveness. Addressing president Nikos Christodoulides, association president Andreas Demetriades said ...

The Research and Innovation Foundation (RIF) led a robust Cypriot delegation of 14 startups to Slush 2025, an annual founder-focused startup event held in Helsinki. The foundation said that this helped to ...

Why the UK Is losing ground By George Ayiomamitis A profound transformation is reshaping the geography of global wealth. The international relocation of high-net-worth individuals (HNWIs) — those with over $1 million ...

Limassol-based Island Oil Holdings is moving ahead with a wide digital transformation programme centred on artificial intelligence. The group “is taking decisive steps to embed Artificial Intelligence (AI) across our ...