#business

Twenty municipalities across Cyprus will follow the precedent set in 2025 for their 2026 budgets, sharing a state grant totalling €117 million. According to a report by Philenews, this grant represents a significant ...

A new partnership between services firm Totalserve and crowdfunding platform Crowdbase aims to strengthen Cyprus’ startup ecosystem by combining expert advisory services with innovative funding options. The collaboration was announced ...

Cyprus and Greece successfully concluded their participation at GITEX Global 2025, with the Cyprus Information Technology Enterprises Association (CITEA) leading both national delegations. Held from October 13 to 17 at the Dubai World ...

The Cyprus Stock Exchange (CSE) on Wednesday announced the admission for listing of 25,000 new 13-Week Treasury Bills of the Republic of Cyprus. These newly listed government bills, which represent the 10...

Paphos has been recognised among the world’s leading sustainable destinations after earning a place in the Top 100 Green Destinations Stories 2025, highlighting its success in fostering green and sustainable growth ...

Cyprus ranks among the world’s top island destinations, securing 10th place in a list of the top 20 most popular islands worldwide based on tourist arrivals, according to a report ...

Cyprus-based TheSoul Group this week announced the launch of TheSoul Media, a new standalone division that brings together the company’s owned and operated (O&O) digital media brands ...

Invest Cyprus has been elected Regional Director of the World Association of Investment Promotion Agencies (WAIPA) for Eastern Europe for the 2025–2027 term. The elections took place in Sharjah, United Arab ...

Cyprus’ general government recorded a fiscal surplus of €1.44 billion in 2024, equivalent to 4.1 per cent of GDP, according to audited data verified under the European Commission’s Excessive Deficit Procedure. According ...

The European Supervisory Authorities (ESAs) have issued joint guidelines designed to improve coordination, oversight, and information sharing between EU supervisory bodies under the Digital Operational Resilience Act (DORA), which becomes ...

Greece’s National Bank of Greece (NBG) announced this week that an estimated €35 billion investment in infrastructure is urgently needed over the next decade for the Greek islands to secure ...

The Cyprus Securities and Exchange Commission (CySEC) has concluded a settlement agreement of €10,000 with MD&TR Consulting Ltd over a possible violation of the law regarding the provision of ...

Britain’s borrowing in the first half of the financial year was the highest on record except during the height of the coronavirus pandemic, keeping up the pressure on finance ...

The Human Resource Development Authority of Cyprus (Anad) and the Nicosia Multipurpose Municipal Centre have signed a memorandum of cooperation, the two bodies announced on Tuesday. The partnership, originally formalised ...

With the ongoing cost-of-living crisis placing severe strain on household finances, the need for citizens to possess robust financial knowledge is more critical than ever. According to George Theocharides, chairman ...

Cyprus recorded one of the strongest budget surpluses in the entire European Union in 2024, coming in second only to Denmark and defying the deficit trend seen across the euro area ...

Government debt, measured as a percentage of gross domestic product (GDP), increased across the euro area and the wider European Union (EU) at the end of the second quarter of 2025, ...

The Central Bank of Cyprus (CBC) on Tuesday reported total assets of €30.07 billion as of September 30, 2025, according to its most recent financial statement signed by governor Christodoulos Patsalides. The statement ...

Eurobank’s decision to reacquire full ownership of Eurolife FFH Life Insurance has been described as a credit-positive development for the Greek lender, according to a Moody’s assessment. In ...

Cyprus’ general government recorded a fiscal surplus of €1.44 billion in 2024, equivalent to 4.1 per cent of GDP, according to audited data verified under the European Commission’s Excessive Deficit Procedure. According ...

Demetra Holdings Plc announced that it has completed the repurchase of 6,370 own shares at a price of 1.64 cents per share on October 20, through the Cyprus Investment and Securities Corporation Ltd (...

Petrolina (Holdings) Public Ltd has announced the passing of its executive chairman of the board of directors Costakis N. Lefkaritis, who died on October 20, at the age of 82. The company ...

Cyprus’ next generation of roboticists took centre stage at this year’s Robotex MRC 2025 Awards Ceremony, organised by the Cyprus Computer Society (CCS) and hosted by the Bank of Cyprus (...

Cyprus recorded a GDP per inhabitant of €37,100 in purchasing power standards (PPS) in 2023, according to Eurostat data published this week. The figure stood just below the EU average of €38,100 PPS, ...