#business

Cyprus saw a 14.8 per cent decline in total beer sales in March, when compared to the same period in 2024, according to the latest data released by the state statistical service ...

The credibility and global recognition that Cypriot shipping enjoys today stems from decades of steady investment in maritime infrastructure and know-how.   That legacy now continues through Thomas Kazakos, who after ...

Schwarzwald Capital, a Cyprus-based venture capital firm with a focus on fintech and the creator economy, announced on Monday a strategic investment in Vesta, a specialist in fraud prevention and ...

The Cypriot economy and banking sector remain resilient despite intensifying geopolitical instability and rising global trade tensions, according to Christodoulos Patsalides, governor of the Central Bank of Cyprus (CBC). In ...

The renovation of the historic Berengaria Hotel in Prodromos is sparking renewed investor interest in Cyprus’ mountain communities, with developers now turning their focus to Platres, Agros and Kakopetria. Speaking ...

Cyprus’ high-end property market experienced a significant recovery in February 2025, with the 50 largest transactions across the island totalling €64.8 million, according to a report released on Monday by real estate analytics ...

By Sergei Ivanov, Michael Pelosi, Fabian Cabeza Introduction – Global legislation trends on real estate tokenization: In March 2025, the Dubai Land Department (DLD) made major headlines by launching a pilot project ...

Deputy Minister for Shipping Marina Hadjimanolis paid a visit to New York from April 3 to 5, as part of efforts to promote Cypriot shipping, according to an announcement released on Monday. ...

Aegean Airlines is stepping up efforts to help position Cyprus as a year-round destination, strengthening its presence on the island with a new Larnaca-Rome route and increased seat capacity. Speaking ...

Cyprus has the potential to become a key location for data centres, according to Andreas Poullikkas, an expert in energy systems and former chairman of the Cyprus Energy Regulatory Authority (...

The Industrial Turnover Index in Cyprus reached 128.1 units in January 2025, with 2021 serving as the base year set at 100 points. This marked a 5.8 per cent increase compared with January 2024, according to ...

Artificial intelligence group MLCommons unveiled two new benchmarks that it said can help determine how quickly top-of-the-line hardware and software can run AI applications. Since the launch of OpenAI’s ...

In his first remarks as Intel’s (INTC.O) new CEO, Lip-Bu Tan this week outlined a leaner version of the iconic American chipmaker in which he would work directly ...

The frenzy to create Ghibli-style AI art using ChatGPT’s image-generation tool led to a record surge in users for OpenAI’s chatbot last week, straining its servers and temporarily ...

Isomorphic Labs, which uses artificial intelligence technologies for drug discovery, has raised $600 million in its first ever external funding round led by Thrive Capital, the startup has announced. Google Ventures ...

Here are the top business stories in Cyprus from the week starting March 31: Mike Vasiliev, CEO of AI-powered property startup Placy, is no stranger to the intersection of real estate ...

Roblox has launched a new format of video advertising on its gaming platform and announced a partnership with Google (GOOGL.O) to help boost the growth of its nascent ad ...

Prices in British shops fell less in March than in February and are likely to climb soon due to the impact of a new tax on employers and other costs ...

British house prices were flat in March and the market is likely to stay soft after a tax increase on property transactions, mortgage lender Nationwide said this week. A Reuters ...

Tourism revenue in Cyprus reached €69.2 million in January 2025, marking a substantial increase from the year before, according to a report released on Friday by the state statistical service. This represents ...

By Maria Demertzis Geopolitical risks and a fragmenting multilateral system haven’t forced businesses to significantly shorten their supply chains. Tariffs might.  Growing pressures in international trade haven’t undermined ...

SoftBank-owned chip tech provider Arm Holdings (O9Ty.F) recently sought to acquire UK-based Alphawave (AWE.L) to secure a crucial technology for building its own artificial-intelligence processors, according to ...

British manufacturers endured a torrid March as the US tariff threat and looming tax increases at home contributed to a plunge in new orders and ebbing optimism, a business survey ...

Cyprus’ Ministry of Energy, Commerce and Industry on Friday announced that it recently participated in the international maritime exhibition Sea Asia 2025 with an information booth. The initiative was carried out ...