#business

The Cyprus hoteliers association (Pasyxe) on Friday announced its support for a collective legal action against Booking.com. The legal action has been brought before the Dutch courts through an ...

Following a year of collaboration under a joint venture agreement, US-based TKI and Cyprus-based Hybrid ConsulTech have merged operations and will now formally operate under the unified TKI brand. The ...

The Cyprus Chamber of Commerce and Industry (Keve) has announced a new initiative aimed at equipping small and medium-sized enterprises (SMEs) with practical tools and solutions to support their transition ...

Employment in Cyprus recorded a 1.5 per cent increase in the first quarter of 2025 compared to the same period in 2024. According to data released by the Cyprus Statistical Service (Cystat) on ...

Tesla (TSLA.O) shares rose on Friday as investors took some comfort from White House aides scheduling a call with CEO Elon Musk to broker peace after a public feud ...

AI is making workers more valuable, productive, and able to command higher wage premiums, with job numbers rising even in roles considered most automatable, according to PwC’s 2025 Global AI ...

Vassiliko Cement Works Public Company Ltd on Friday confirmed the approval of all resolutions presented during its annual general meeting (AGM) of shareholders held on June 5, 2025. The company operates in ...

The Bank of Cyprus on Friday announced a fresh reduction in its reference interest rate for loans linked to the European Central Bank’s (ECB) base rate, in direct response ...

Cyprus participated for the first time with a national event at the World Utilities Congress 2025, held at the Abu Dhabi National Exhibition Centre. The event aimed to showcase Cyprus’ strengths ...

The turnover value index for services and transport in Cyprus recorded increases during the first quarter of 2025 compared to the same period in 2024. According to the state statistical service, administrative ...

The Finance Ministry on Thursday expressed satisfaction with the findings of the European Commission included in the 2025 Spring Package for Cyprus. In a statement, the ministry said that the report “...

The Industrial Turnover Index in Cyprus recorded a strong rise in March 2025, signalling continued momentum across key sectors of the economy. According to the Cyprus Statistical Service, the index reached 137.7 ...

Total beer sales from factories in Cyprus recorded a 4 per cent decrease in May 2025 compared to the same month last year, according to data released on Thursday by the Statistical ...

The European Central Bank cut interest rates as expected on Thursday and kept all options on the table for its next meetings even as the case grows for a summer ...

The euro steadied near six-week highs against the dollar ahead of an expected interest rate cut by the European Central Bank on Thursday, while the US currency recovered modestly from ...

Cypriots are speaking out about their most painful financial mistakes as part of a new campaign launched on Thursday by the Cyprus Securities and Exchange Commission (CySEC) and the department ...

The Finance Ministry on Thursday expressed satisfaction with the findings of the European Commission included in the 2025 Spring Package for Cyprus. In a statement, the ministry said that the report “...

Twenty-four consumer organisations from 21 countries, including the Cyprus Consumers Association, filed an official complaint with the European Commission against the online retail platform Shein on May 30, 2025. The organisations involved also ...

Inflation in Cyprus recorded a decrease of 0.2 per cent in May 2025, according to data released by the state statistical service on Thursday. Although the Consumer Price Index (CPI) rose slightly, ...

Cyprus’ housing market recorded a strong start to 2025, with residential property sales rising sharply in both volume and value during the first quarter, according to a report released on Thursday ...

Paphos solidified its position on the global tourism map in 2024, Deputy Minister of Tourism Kostas Koumis said during this week’s general meeting of the Paphos regional tourism board (Etap). ...

Both deposit and lending interest rates in Cyprus recorded a decline in April 2025, according to data released this week by the Central Bank of Cyprus (CBC). At the same time, ...

Cyprus is no longer considered a country with macroeconomic imbalances, according to the European Commission’s 2025 Spring Package under the European Semester. This decision follows a sustained reduction in vulnerabilities ...

PwC Cyprus this week recognised the outstanding academic achievements of three ACA trainee accountants during a special award ceremony held at the PwC Experience Centre. The event was attended by ...