#business

Paphos is facing the same problems as Cyprus’ wider tourism sector, including seasonality, infrastructure gaps and water shortages, according to Nasos Hadjigeorgiou, executive director of the Paphos regional tourism board (...

The Enterprise Europe Network Warsaw, in collaboration with the Digital Economy Lab of the University of Warsaw, has announced the organisation of DEICy 2025, a comprehensive online event focusing on the ...

Eurobank remains the top pick among Greek lenders, according to the latest analysis by Jefferies, a global, full-service investment banking and capital markets firm. The firm maintained its “buy” rating ...

The Cyprus Stock Exchange (CSE) on Thursday announced the listing of additional shares for Bank of Cyprus Holdings Public Limited Company Plc on its Main Market. According to the CSE, ...

Services production in the euro area increased by 0.2 per cent in May 2025 compared with the previous month, while the European Union as a whole recorded a slightly higher rise of 0.3 ...

Bank of England Governor Andrew Bailey said consumers have been more cautious than policymakers had expected, speaking after the bank cut interest rates to 4 per cent from 4.25 per cent on ...

The Cyprus Department of Information Technology Services (DITS), under the Deputy Ministry of Research, Innovation and Digital Policy, has entered into an agreement with Newcytech Business Solutions Ltd for the ...

Kuwait’s Oil Minister, Tariq Al-Roumi, stated on Thursday that OPEC is closely observing global oil market developments, including supply and demand dynamics, as well as recent comments made by ...

The Bank of Cyprus Holdings Public Limited Company and Bank of Cyprus Public Company Limited on Thursday announced the appointment of Georgios Syrichas as an independent, non-executive member of the ...

The Bank of England cut interest rates on Thursday but four of its nine policymakers – worried about high inflation – sought to keep borrowing costs on hold. Difficulty reaching an agreement ...

ASBISc Enterprises Plc on Thursday reported its strongest-ever second quarter, with revenue for Q2 2025 reaching $949.3 million, marking a 47.0 per cent increase compared to the same period in 2024. The company attributed ...

The Cyprus Stock Exchange (CSE) on Thursday announced the listing of additional shares for Bank of Cyprus Holdings Public Limited Company Plc on its Main Market. According to the CSE, ...

Cyprus’ Harmonised Index of Consumer Prices (HICP) fell by 0.9 per cent year-on-year in July 2025, according to data released by the statistical service (Cystat) on Thursday. Compared with the previous month, ...

Cyprus recorded the highest annual increase in retail trade volume among all EU member states for the second consecutive month, according to figures published by Eurostat. The rise in retail ...

Turkey’s aggressive and multi-faceted energy strategy is posing increasing challenges for Cyprus and the broader Eastern Mediterranean region, according to Andreas Poullikkas, professor of energy systems and former chairman ...

Cyprus airports reached an all-time record in July, with a total of 1,653,880 passengers passing through Larnaca and Paphos airports, surpassing even last year’s August peak, according to Hermes Airports. ...

JP Morgan has placed Greece firmly on its radar, describing the country as one of the top destinations for investors looking to reposition in emerging markets. In its latest earnings ...

The Cyprus Stock Exchange this week announced a change in the composition of its emerging companies market index. According to the CSE, the shares of EFA Holdings PLC will soon ...

Deputy Shipping Minister Marina Hadjimanolis reaffirmed Cyprus’ commitment to development approaches that are inclusive and human-centred during her address at the third United Nations Conference on Landlocked Developing Countries in ...

The average interest rate on new loans to Cypriot households is now almost aligned with the eurozone median, while for businesses the margin stands at 0.24 per cent, according to the ...

Greek retail group Jumbo reported a 9 per cent year-on-year increase in sales in July 2025 across all markets, with Cyprus and Greece driving growth. Over the first seven months of the ...

The response so far to the affordable housing schemes has been encouraging, according to Interior Minister Constantinos Ioannou. He also said that the Cyprus Land Development Corporation (Koag) is planning ...

Limassol continued to dominate Cyprus’ high-end property market in the first half of 2025, accounting for six of the ten most expensive transactions nationwide, with a combined value of €105.7 million, according ...

Two key challenges stand in the way of introducing a new scheme to address non-performing loans (NPLs), according to Finance Minister Makis Keravnos. Kervanos responded to a question from MP ...