#business

IKEA Cyprus is joining a new wave of price cuts announced on Tuesday as the Swedish furniture retailer seeks to revive demand amid rising housing costs and squeezed household budgets. ...

Oil prices gained on ​Tuesday as the resumption of fighting between the US and Iran in the Middle East ‌renewed fears of supply disruptions from the world’s key crude-producing ...

Cyprus’ tourism revenue rose by 0.2 per cent in June 2026, despite tourist arrivals falling by 1.7 per cent, as higher spending per visitor offset the drop in visitor numbers. Specifically, tourism revenue ...

Global air cargo demand increased by 3.9 per cent year-on-year in July 2026, with all regions recording growth, according to figures released this week by the International Air Transport Association (IATA). Demand ...

The Stelios Philanthropic Foundation announced up to €260,000 in direct financial support for the families of those killed in the ferry sinking off the northern coast of Cyprus. Eight people have ...

Cyprus industrial output prices rose by 4.4 per cent year-on-year in July 2026, according to figures released by the statistical service (Cystat) on Monday. The index reached 128.2 units, using 2021 as a base ...

Cyprus recorded a general government fiscal surplus of €770.6 million in the first seven months of 2026, equivalent to 2 per cent of GDP, according to preliminary figures released on Monday by the ...

Higher visitor spending offsets drop in UK and other European markets Cyprus’ tourism revenue rose by 0.2 per cent in June 2026, despite tourist arrivals falling by 1.7 per cent, as higher spending ...

Four ERA department stores in Cyprus changed hands for a nominal €1 after Gencom Ltd agreed to take over their leases, staff and outstanding supplier orders worth about €4 million. While the ...

The Corporate Cyprus Padel League will return for a second year with record participation and a new partnership with the Marcos Baghdatis Tennis Academy, according to an announcement from the ...

The Cyprus Treasury’s Power BI platform has attracted 537 unique users in the nearly five months since its launch, accountant-general Andreas Antoniades said. Speaking to the Cyprus News Agency (CNA), ...

Cyprus should focus not on being the biggest in artificial intelligence, but on being “the most agile”, while placing citizens and trust at the centre of its ambitions, according to ...

Eurobank announced on Monday that it spent €4.94 million repurchasing 1,077,536 of its own shares on Euronext Athens between August 24 and 28. The shares were acquired at an average price of €4.5820 each, according ...

Up to 400 ships carrying around 6,000 seafarers remain unable to leave the Persian Gulf safely, six months after the Middle East conflict began, according to the International Maritime Organisation (IMO). IMO ...

Greek systemic banks have been placed among the European banking sector’s strongest performers by UBS, which has issued a buy recommendation on all four major Greek banking groups and ...

The European Banking Authority (EBA) has launched a consultation on new rules covering investment firms whose assets exceed €30 billion, setting out how the threshold should be calculated and when firms ...

EU industrial production rebounded in 2025 after two consecutive annual declines, with the value of sold manufactured goods rising by 2.9 per cent in inflation-adjusted terms, according to a report from Eurostat. ...

Smartphone shipments across the Middle East excluding Turkey fell 19 per cent year-on-year to 10.6 million units in the second quarter of 2026, as rising prices, supply constraints and geopolitical uncertainty pushed vendors ...

Unilever is betting that shedding food assets and focusing on beauty, personal care and home products will ​close a valuation gap with more focused rivals. The challenge is convincing investors ...

Cyprus data expert says high-value services can rival software exports Cyprus can become a base for exporting high-value data expertise to technology companies across Europe and the United States as ...

Euro area consumers became slightly more optimistic about inflation and economic growth in July, although the latest European Central Bank (ECB) survey comes as Cyprus continues to face significantly stronger ...

Here are the top business stories in Cyprus from the week starting August 24: Reviving Cyprus’ villages requires more than new infrastructure, with investment in social life, culture and opportunities for ...

Cyprus employers reported 13,905 job vacancies in the first quarter of 2026, but that figure tells jobseekers how many positions businesses say they intend to fill, not whether every advert still appearing ...

The European Union recorded a €21.8 billion trade deficit during the second quarter of 2026, marking the bloc’s first negative balance since the middle of 2023, according to Eurostat. Goods imported from ...