#business

Cyprus is expecting a record number of arrivals from Romania this year, Deputy Minister of Tourism Kostas Koumis said during a visit to Bucharest. Koumis travelled to the Romanian capital ...

The Cyprus Forum will return to London on May 22, according to an announcement released on Friday. The event will bring together diplomats, academics, journalists and civil society leaders for a ...

Ermes Department Stores Plc has reached an agreement to transfer the operations of its four ERA department stores to Gencom Ltd, a Nicosia-based company, for a nominal sum of €1. The ...

The Bank of Cyprus Holdings Public Limited Company on Friday announced that it purchased a total of 374,923 of its own ordinary shares between May 2 and May 8, 2025. The shares, each with ...

A majority of Cypriots are concerned that artificial intelligence could threaten the cultural sector and the livelihoods of artists, echoing widespread concerns across the EU, according to a new Eurobarometer ...

The Paphos Chamber of Commerce and Industry (Evep) has called for “urgent and coordinated” state support to implement major infrastructure projects and advance the strategic development of the city and ...

The Motor Vehicle Importers and Electric Vehicle Association (Semio) this week issued an urgent appeal to the Transport Ministry, requesting immediate action to resolve the ongoing problems surrounding electric vehicle (...

Investors are betting on long-depressed UK markets as a US trade deal, rate cuts and hopes for renewed links with Europe spur optimism for a revival as they search for ...

OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed US attempts to ...

Hellenic Bank on Thursday reported a profit of €45 million for the first quarter of 2025, with the bank saying that this underscores the strength of its business model. Moreover, the bank ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced that The Three Tuns Capital RAIF F.C.I.C. PLC, a Registered Alternative Investment Fund (RAIF), is undergoing a ...

Britain’s housing market slowed last month after the end of a temporary tax break on home purchases which had seen buyers rush to complete transactions in previous months, an ...

The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, though with an unexpected three-way split among policymakers as US President Donald Trump’...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday approved Eurobank’s request to exercise the squeeze-out right to acquire 100 per cent of Hellenic Bank’s shares. The offer price ...

Inflation in Cyprus rose by just 0.2 per cent in April, according to the latest data from the Cyprus Statistical Service (CyStat), mainly due to falling prices in petroleum products and ...

Global air travel demand continued its upward trajectory in March 2025, according to new data from the International Air Transport Association (IATA), despite a growing gap between capacity and load factor. ...

Two-thirds of new hires lack the necessary experience for their roles, according to Deloitte’s 2025 Global Human Capital Trends report. The global survey, shared by Deloitte Cyprus on Thursday, found ...

Hellenic Bank on Thursday reported a profit of €45 million for the first quarter of 2025, with the bank saying that this underscores the strength of its business model. Moreover, the bank ...

The Cyprus Consumers Association has issued a warning about fraudulent investment schemes that promise very high profits in an extremely short period, including claims of significant earnings within a single ...

Cyprus will inaugurate its new business service centre on May 26, a day after the launch of the Brain Gain campaign in London, aimed to attract talented Cypriots back to the ...

Proodos Public Ltd, owner of the Rodon Hotel in Agros, has announced three board appointments and three resignations this week. The company confirmed the appointment of main shareholder and investor ...

The Cyprus Chamber of Commerce and Industry (Keve) has issued an open invitation to all stakeholders to participate in an online focus group discussion centred on the green and sustainable ...

Real estate sales in Cyprus rose by 12 per cent in the first four months of 2025 compared with the same period last year. In addition, figures for the month of April ...

Cyprus, China and EU representatives will join global maritime leaders in Athens next month for the ‘Shaping the Future of Shipping Summit’. The summit will be co-hosted by the Hellenic ...