#business

British luxury car maker Aston Martin (AML.L) will cut its workforce by up to 20 per cent, the company said this week, as it strives to recover from the impact ...

The Central Bank of Cyprus (CBC) on Friday announced two new public tenders, outlining procurement plans covering critical IT security infrastructure and in-house service provision. In its first announcement, the ...

Asbis Enterprises Plc announced on February 25, 2026, that it achieved a net profit of $75.3 million for the full year ending December 31, 2025, marking the best financial performance in the history of the ...

The board of directors of the Cyprus Shipping Chamber on Friday met with Shipping Deputy Minister Marina Hadjimanolis during a working lunch, in order to discuss the strategic direction of ...

The Cyprus Stock Exchange (CSE) on Friday announced the scheduling of online oral interviews for executives seeking certification as stock exchange representatives for remote members. The Council of the Exchange ...

Total petroleum product sales in Cyprus reached 118,460 tonnes in January, representing an 11.2 per cent increase compared to the same month in the previous year, according to the Cyprus Statistical Service (...

Cyprus’ industrial output price index reached 122.1 units in January 2026, marking a marginal annual increase of 0.2 per cent, according to the state statistical service (Cystat). This latest figure, which uses 2021 as ...

Destination Management Company Drakos DMC has announced that it is offering a full scholarship for a Master of Science in Tourism Management at the Cyprus University of Technology (Tepak). The ...

Sustainable and resilient tourism will be a key priority of the EU council presidency, Deputy Tourism Minister Kostas Koumis said on Friday, addressing a European conference in Nicosia on climate ...

Vassilico Cement Works Public Company Ltd on Friday announced that its board of directors will convene to discuss fundamental changes to the company’s governing structure. Specifically, the board of ...

The Cyprus Shipping Chamber (CSC) will hold its annual gala dinner on March 6 at the Four Seasons hotel in Limassol, bringing together the political and industry leadership of one of ...

Alpha Bank reported net profits of €943.3 million for 2025 and announced a €519 million distribution to shareholders, marking what the lender described as a decisive year for its strategy and growth trajectory. “...

Withdrawals from Cyprus’ 405 automated teller machines (ATMs) reached €2.5 billion in the first half of 2025, according to data published by the Central Bank of Cyprus (CBC), with higher average transactions offsetting ...

Eurobank posted a net profit of €1.36 billion in 2025, beating its targets and outlining an ambitious 2026–2028 business plan focused on higher returns and increased shareholder distributions. “In 2025, we surpassed all the ...

The Cyprus Fiduciary Association (CYFA) on Friday announced new targets and actions to upgrade the administrative services sector, with particular emphasis on strengthening Cyprus’ international image as a reliable business ...

Lawmakers on the House Interior Committee on Thursday urged that a legislative proposal regulating the purchase of real estate by foreigners be brought to the plenary for a vote before ...

Parliament on Thursday approved Cyta’s €597.9 million budget for 2026 with 33 votes in favour, while also backing an amendment that requires prior scrutiny by the House Finance Committee before 17 senior officer ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a circular directing Cyprus Investment Firms (CIFs) to complete an electronic questionnaire regarding their cross-border activity during the 2025 calendar year. This ...

The European Union exported €554.0 billion worth of goods to the United States and imported €354.4 billion during 2025, resulting in a €199.6 billion trade surplus, according to Eurostat. Compared with 2024, both exports and ...

Cyprus’ tourism sector posted a record year in 2025, with its share of GDP rising to 14 per cent from 13.1 per cent, emphasising its role as a core contributor to economic growth, ...

The Cyprus Shipping Chamber (CSC) held its February members’ meeting this week, during which members were briefed on the new Cyprus tax reform framework. According to an update from the ...

Sentiment in Britain’s business and professional services sector became markedly less negative in the current quarter, ending more than a year of declines, but consumer-facing businesses remain downbeat, a ...

The Central Bank of Cyprus (CBC) on Thursday reported a sharp net decrease of €851.2 million in total deposits for January 2026, even as annual loan growth accelerated. According to the CBC’...

Cyprus’ tourism sector posted a record year in 2025, with its share of GDP rising to 14 per cent from 13.1 per cent, emphasising its role as a core contributor to economic growth, ...