#business

Here are the top business stories in Cyprus from the week starting July 6: As Cyprus’ property and construction sectors continue to expand in 2026, the country’s real estate market stands ...

Seasonally adjusted services production rose by 0.7 per cent in the euro area and 0.3 per cent in the European Union during April 2026, according to Eurostat. This increase follows growth recorded in ...

Apple (AAPL.O) plans to spend more than $30 ​billion under a multi-year chip supply deal with Broadcom, bolstering ‌its US sourcing as President Donald Trump’s administration pushes to expand ...

Activity in Britain’s dominant services sector contracted for a second month running in June and by the most since early 2023 as the fallout from the Iran ​war continued to ...

Cyprus has joined the second phase of the European Tech Champions Initiative (ETCI 2.0), a new European investment programme aiming to mobilise €80 billion to support more than 1,500 fast-growing technology companies across ...

A team of teenagers from Limassol has secured third place in Europe after transforming an ordinary lip gloss into a discreet tool designed to help women detect potentially harmful substances ...

The Bank of England said this week that artificial intelligence poses a growing threat to financial stability, as investors bet heavily it will prove ​a success while the technology increases ...

OpenAI has publicly launched GPT-5.6, its most advanced AI model, following a delay last month prompted by US government requests over heightened national security concerns about the potential misuse of ...

Renault Group (RENA.PA) is achieving better margins on its compact electric R5 than ​larger models like the Megane or Scenic, ‌CEO Francois Provost told French business daily Les Echos ...

Britain’s construction sector contracted sharply again in June, though the downturn eased ​slightly from May’s six-year low as commercial ‌building weakened less, a business survey showed this week. ...

The International Monetary Fund (IMF) announced this week a downward revision of its 2026 global economic growth forecast compared to its April projections, citing the ongoing war in Iran. The fund ...

The European Securities and Markets Authority (ESMA) has launched a public consultation, active until August 12, 2026, to gather feedback on proposed revisions to the Disclosures Delegated Act (DDA) under the European ...

British low-cost airline easyJet accepted an improved takeover proposal from US private equity firm Apollo on Friday, triggering a bidding battle after the new £5.7 billion offer surpassed a rival proposal ...

MHV Mediterranean Hospitality Venture Plc held its annual general meeting (AGM) on Friday, securing a full turnout of its share capital. The company confirmed that the meeting saw participation either ...

Lordos United Public Ltd announced on Friday that it has signed an agreement to acquire a 51 per cent controlling stake in P&S Carton Industries Ltd for €8.16 million in ...

Eurostat figures released on Friday showed that employment in Cyprus’ cultural sector reached 4.3 per cent of total employment in 2025, matching the European Union average. The data showed that approximately 21,900 people ...

The Central Bank of Cyprus (CBC) on Friday issued an open invitation for tenders regarding the minting, packaging and delivery of gold and silver collector coins. This procurement process, officially ...

Most tankers stranded in the Persian Gulf since the Iran conflict began have now left, but the vessels needed to keep the region’s oil exports moving are not returning.  ...

The European Commission announced on Friday that it has reached a preliminary finding that Meta is in breach of the Digital Services Act due to the addictive design of its ...

The sale of shares to establish the Pancyprian Cooperative Bank will take place between July 22 and November 17, 2026, as the initiative enters its capital raising phase following approval of the public ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday issued a formal reminder to investors that all crypto-asset services must comply with the provisions of the Markets in Crypto-Assets Regulation (...

Cyprus recorded a widening trade deficit in the first five months of 2026 as imports of goods increased faster than exports, according to final April data and provisional May figures released ...

The Bank of Cyprus (BoC) has confirmed that all future dividend payments to shareholders holding ordinary shares indirectly through depositary interests on the Cyprus Stock Exchange (CSE) will be made ...

Cyprus has joined the second phase of the European Tech Champions Initiative (ETCI 2.0), a new European investment programme aiming to mobilise €80 billion to support more than 1,500 fast-growing technology companies across ...