#business

The tax-to-GDP ratio in Cyprus saw a slight increase in 2024, rising to 37.6 per cent from 37.5 per cent in 2023, according to data on taxation published by Eurostat. The overall tax-to-GDP ratio, ...

New loan volumes recorded a sharp increase in September 2025, according to statistics on interest rates applied by monetary financial institutions (MFIs) in Cyprus released by the Central Bank of Cyprus (...

Euro area annual inflation is expected to have reached 2.1 per cent in October 2025, a slight decrease from the 2.2 per cent recorded in September, according to a flash estimate from Eurostat. ...

Alpha Bank on Monday announced that it has completed the acquisition of substantially all assets and liabilities of AstroBank Public Company Ltd. This has resulted in the creation of Cyprus’ ...

The European Banking Authority (EBA) has launched a public consultation on new guidelines concerning the authorisation of third-country branches (TCBs) under the Capital Requirements Directive (CRD). The consultation represents a ...

The Central Bank of Cyprus (CBC) has announced that the reference interest rate used to define the criminal offence of usury has been set at 11.84 per cent. The determination of ...

OPEC+ has agreed a small oil output increase for December and a pause in increases in the first quarter of next year as the producers’ group moderates plans to regain ...

The UK High Commission, in collaboration with the Deputy Ministry of Tourism, is organising a high-level conference entitled “Safeguarding Cyprus’s Tourism Industry”, which will take place on Wednesday, November 26, 2025, ...

Turkish inflation eased to 32.87 per cent annually and to 2.55 per cent monthly in October, both below expectations, according to official data on Monday that could reinforce the central bank’s ...

The risk of poverty among people who are employed remains a persistent issue across the European Union, with new Eurostat figures showing that 8.2 per cent of workers aged 18 or over ...

Cyprus retail trade rose sharply in September 2025, lifted by higher consumer spending across most categories, according to figures released on Monday by the Statistical Service (Cystat). The Turnover Value Index ...

Ryanair (RYA.I) reported six-month post-tax profit above expectations on Monday and nudged up its passenger traffic forecast after earlier than expected Boeing (BA.N) deliveries and strong first-half demand. ...

Cypriot beverage maker KEO plc‘s board of directors has decided to pay an interim dividend to its shareholders. According to an announcement following a board meeting, the total amount ...

Wellington Management Group LLP has reduced its voting rights in the Bank of Cyprus Holdings Public Limited Company to below the 5 per cent disclosure threshold, according to a regulatory filing. ...

Alpha Bank on Monday announced that it has completed the acquisition of substantially all assets and liabilities of AstroBank Public Company Ltd. This has resulted in the creation of Cyprus’ ...

The Cyprus Chamber of Commerce and Industry (Keve) released a statement Monday recapping the 5th Red Diamond International Business Women Awards. In its announcement, the chamber said the event, which ...

Cyprus’ Deputy Ministry of Shipping presented a slightly surplus budget for 2026, with expenditures set at €18.7 million and projected revenues of €20.3 million, during a session of the Parliamentary Finance Committee at ...

Cyprus’ shipping industry remains firmly committed to the green transition, even after the International Maritime Organisation (IMO) decided to postpone by one year discussions on the Net Zero Framework (NZF), ...

The global automotive display market reached 120.96 million units in the first half of 2025, up 5.1 per cent year-on-year, according to the latest report from Omdia Automotive Display Intelligence Service. “While overall ...

Global Communications Providers’ revenue is expected to reach $5.6 trillion by 2030, growing at a compound annual growth rate of 6.2 per cent from 2025, according to market intelligence firm Omdia. “This steady growth ...

The European Securities and Markets Authority (ESMA), the European Union’s financial markets regulator and supervisor, announced that cyber risk and digital resilience will remain central to its Union Strategic ...

EU-funded research is helping to turn old clothes into new, quality products, aiming to reduce textile waste and make recycled textiles the norm. By Ali Jones In a factory in ...

Snap is rolling out new personalization and customization features for its subscription-based social media platform Snapchat+, aiming to boost retention among its paying user base in an intensely competitive market. ...

Here are the top business stories in Cyprus from the week starting October 27: The economic history of Cyprus is a tale of resilience, often defined by its agile recovery from ...