#business

Britain softened demands on automakers to switch to production of electric vehicles this week, seeking to alleviate pressure on an industry left reeling from US President Donald Trump’s tariffs. ...

A dramatic US stock slide is fanning fears of even more dire scenarios for the market, as investors weigh the potential for a prolonged global trade war and a much ...

The recently held Capital Link Cyprus Business Forum focused on the progress, opportunities, and developments related to the Cypriot economy. The event, held at the Metropolitan Club in New York ...

Cyprus’ general government recorded a surplus of €654.2 million in the first two months of 2025. This represents 1.9 per cent of the country’s Gross Domestic Product (GDP), according to preliminary fiscal ...

The Cyprus Land Development Organisation (Koag) is preparing to start building 220 new homes by the end of the year. Most of them will be in Nicosia and Limassol and will ...

Cyprus is stepping up its push to join the Schengen zone, a development seen as critical for reinforcing the island’s appeal to investors and simplifying cross-border activity for companies. ...

Larnaca and Paphos airports handled 707,304 passengers in March 2025, marking a 5.91 per cent rise compared to the same month last year. It was the strongest performance ever recorded for the January–...

Hedge funds tracked by Morgan Stanley globally posted growing losses as markets tumbled last week after US President Donald Trump’s announcement of sweeping tariffs, turning year-to-date performance to a 3 ...

Safe havens the yen and the Swiss franc held near six-month highs on Tuesday while the US dollar nursed broad losses as financial markets grappled with mounting recession worries in ...

Oil prices were up around 1 per cent on Tuesday, rebounding from a near four-year low in the previous session on concerns that US tariffs might depress demand and lead to ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a new circular addressed to all Cyprus Investment Firms (CIFs) regarding the updated procedure for reporting cross-border investment activity within the ...

Logicom Services Limited on Tuesday announced the acquisition of additional shares in Demetra Holdings Plc, further increasing its stake in the investment company. According to a document submitted to the ...

The Interior Ministry has announced that an online platform for the ‘Renovate & Rent’ scheme will go live on Wednesday, April 9 at 12:00 noon. Available at www.prositistegi.cy, the platform ...

Artificial intelligence has become an essential part of the production pipeline at Game Gears, a studio under Cyprus-based company GDEV According to CEO Alexander Vaschenko, the use of GenAI has ...

The production in the construction sector in Cyprus saw a notable increase of 3.5 per cent in 2024 compared to 2023, according to the latest data released by the state statistical service this ...

The InvestPro Cyprus Limassol 2025 conference, held on Monday in Limassol, successfully brought together industry leaders, decision-makers, and financial experts to discuss the future of business and investment in Cyprus. The ...

The Industrial Turnover Index in Cyprus reached 128.1 units in January 2025, with 2021 serving as the base year set at 100 points. This marked a 5.8 per cent increase compared with January 2024, according to ...

The Cyprus Stock Exchange (CSE) has announced its closure on several upcoming dates in line with public and bank holidays. Investors and market participants have been informed that the exchange ...

PwC Cyprus has introduced a series of paid leave policies aimed at supporting its employees during significant life events related to reproductive health. According to an official announcemnet, these new ...

Cyprus saw a 14.8 per cent decline in total beer sales in March, when compared to the same period in 2024, according to the latest data released by the state statistical service ...

The credibility and global recognition that Cypriot shipping enjoys today stems from decades of steady investment in maritime infrastructure and know-how.   That legacy now continues through Thomas Kazakos, who after ...

Schwarzwald Capital, a Cyprus-based venture capital firm with a focus on fintech and the creator economy, announced on Monday a strategic investment in Vesta, a specialist in fraud prevention and ...

The Cypriot economy and banking sector remain resilient despite intensifying geopolitical instability and rising global trade tensions, according to Christodoulos Patsalides, governor of the Central Bank of Cyprus (CBC). In ...

The renovation of the historic Berengaria Hotel in Prodromos is sparking renewed investor interest in Cyprus’ mountain communities, with developers now turning their focus to Platres, Agros and Kakopetria. Speaking ...