#business

Cyprus generated €3.2 billion from tourism in 2024 as traveller numbers rose, with Paphos ranked as the island’s top destination, according to a report released on Tuesday by the statistical service. ...

Cyprus has been ranked in the middle of the global wealth rankings for 2025 by The Economist, which placed Switzerland at the top and Burundi at the bottom in its assessment ...

The Kourion and Limassol municipalities will manage parts of their beaches this summer, adopting Ayia Napa’s model to improve services while ensuring low costs for locals and visitors, it ...

The Deputy Ministry of Research, Innovation and Digital Policy on Tuesday announced that it has entered into a strategic agreement with Lenovo and Newcytech Business Solutions Ltd. According to the ...

Cyprus took centre stage in a groundbreaking effort to decarbonise the shipping industry, as the island plays a key role in supporting a first-of-its-kind onboard carbon capture project. The initiative ...

Insight Enterprises and Columbia Group have signed a strategic partnership to deliver IT and OT services to the maritime sector, combining Insight’s enterprise technology expertise with Columbia’s operational ...

Chief marketing officers (CMOs) in the online trading and CFD sector face exceptionally short tenures, with firms based in Cyprus, the United Kingdom, and the UAE showing similar patterns, according ...

UK travellers could be paying as much as £189 for just four days of airport parking, according to new research by UK-based price comparison platform Confused.com. The data reveals that ...

The European Central Bank is set to pause for breath on Thursday after eight consecutive interest rate cuts, with the prospect of steeper-than-expected US tariffs looming. The threat tariffs pose ...

The Cypriot economy continues to demonstrate significant resilience and adaptability despite ongoing global uncertainty, according to Central Bank of Cyprus (CBC) governor Christodoulos Patsalides. In its June 2025 economic bulletin, the ...

Greek consumers are showing growing signs of caution as they reduce their everyday spending and shift priorities heading into the summer. According to the latest data from Plum, a fintech ...

Leading German companies including Siemens (SIEGn.DE) and Deutsche Bank (DBKGn.DE) announced a major investment initiative on Monday aimed at resuscitating investor confidence in Europe’s largest economy. The 61 ...

The Cypriot economy continues to demonstrate significant resilience and adaptability despite ongoing global uncertainty, according to Central Bank of Cyprus (CBC) governor Christodoulos Patsalides. In its June 2025 economic bulletin, the ...

Government debt across the euro area and European Union rose in the first quarter of 2025, while Cyprus recorded one of the largest annual decreases in debt and posted a strong ...

Cyprus’ general government net financial worth narrowed to –€7.7 billion at the end of the first quarter of 2025, reflecting an improved fiscal position, according to Eurostat data released on Monday.  The ...

The Cyprus Stock Exchange (CSE) announced on Monday that it will remove AstroBank’s bonds from trading after the bank completed the early redemption of the securities under their original ...

Cyprus recorded a budget surplus of €619.1 million in the first quarter of 2025, according to preliminary fiscal data released on Monday by the Cyprus Statistical Service (Cystat). This marks an increase ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced a new initiative aimed at informing businesses across the country about fresh funding opportunities available through the Research and ...

The passenger and vehicle ferry route between Limassol and Piraeus is continuing to draw strong demand, with nearly full bookings reported for all scheduled sailings in 2025. According to figures published ...

Sek general secreatary Andreas Matsas on Monday issued a strong defence of the Cost of Living Allowance (CoLA), warning against what he called “a dangerous effort to demonise and dismantle” ...

US startup funding surged 75.6 per cent in the first half of 2025, thanks to the continued AI boom, putting it on track for its second-best year ever, even as venture capital ...

Mark Zuckerberg said this week that Meta Platforms would spend hundreds of billions of dollars to build several massive AI data centers for superintelligence, intensifying his pursuit of a technology ...

An EU-funded research initiative is guiding Europe’s coal regions through the transition to renewable energy, while focusing on job creation and clean energy. By Kaja Šeruga The Maritsa Iztok ...

EU-funded researchers are shedding light on how digital media use is impacting teenagers and what parents, teachers and policymakers can do about it. By Michaela Nesvarova In today’s world, ...