#business

Cyprus’ trade deficit for the first nine months of the year grew to €5.88 billion, according to provisional data released on Monday by the state statistical service (Cystat). Total imports of ...

Interview with Evanthia Zorba  By Kyriacos Nicolaou This year marks 50 years since the birth of Zorbas Bakery in Athienou. Looking back, what were the defining moments that shaped the company’...

Consulting and advisory firm PwC Cyprus on Monday announced the launch of the latest cycle of two key initiatives, the ‘Company Programme’ and ‘Our Community’. According to the announcement, they ...

The Cyprus Securities and Exchange Commission (CySEC) on Monday announced that the Supreme Constitutional Court has dismissed an appeal filed by four former board members of Laiki (Cyprus Popular Bank ...

The Cyprus Securities and Exchange Commission (CySEC) on Monday issued a circular reminding all regulated entities of their obligations under the 19th package of restrictive measures adopted by the European ...

The Cyprus Securities and Exchange Commission (CySEC) has decided to impose a series of administrative fines totalling €97,250 on 13 companies for violations related to the submission of mandatory annual documents. In ...

Global combined revenues from the online video and traditional TV markets are on track to reach $1 trillion in annual revenue by 2030, according to market intelligence firm Omdia. While pay TV ...

EU-funded researchers are exploring how undersea communication cables can double-up as environmental and seismic sensors – a potential game-changer for early warning systems. By Michael Allen Beneath the world’s oceans, ...

The European Union’s total trade with the Indo-Pacific region amounted to €848.0 billion in 2024, a period marked by a slight decrease in imports and a continuing trade deficit, according to ...

Display glass revenue reached a record high of JPY 270 billion in the third quarter of 2025, according to market intelligence firm Omdia. Display glass is a specialised, ultra-thin and durable glass ...

Rail travel across the European Union reached a record high in 2024, though rail freight transport saw a slight decrease, according to Eurostat. Specifically, a total of 443 billion passenger-kilometres (pkm) were ...

Alpha Bank on Monday announced that it has completed the acquisition of substantially all assets and liabilities of AstroBank Public Company Ltd. This has resulted in the creation of Cyprus’ ...

Global air passenger demand rose by 3.6 per cent in September 2025 compared to the same month last year, according to data released by the International Air Transport Association (IATA).  Total capacity, ...

The EU’s net foreign direct investment (FDI) position, in relation to the rest of the world, increased by 16.5 per cent in 2024 compared with 2023, according to Eurostat. This increase was ...

European Union agricultural output value dropped by 0.9 per cent in 2024, continuing a slight downward trend for the second consecutive year, according to Eurostat. The total value of EU agricultural output ...

Chevron-Hellenic Energy Consortium’s selection: A geopolitical analysis for Greece and the Eastern Mediterranean In a very important development, the Chevron-Hellenic Energy consortium has been selected as the preferred investor ...

Cyprus is expected to see a significant increase in winter holiday programmes from major British tour operators, according to Deputy Minister of Tourism Costas Koumis, who spoke after the conclusion ...

Greece has once again reaffirmed its dominance in world shipping, with more than 650 vessels currently under construction across all major fleet segments, according to the latest report by Xclusiv Shipbrokers (...

By Maria Demertzis The Dutch government’s move at Nexperia is a bold act to protect critical chip capacity in Europe. The Netherlands-based Chinese semiconductor manufacturer produces one-quarter of the ...

The Saudi Film Commission (SFC), a sector-specific commission of the Saudi Ministry of Culture, today unveiled a new state-of-the-art virtual production soundstage at JAX Film Studios, the Kingdom’s latest ...

British factories had their strongest month in a year in October but the recovery was driven by a one-off bounce from the restart of production at carmaker Jaguar Land Rover ...

The Central Bank of Cyprus (CBC) has published its latest bulletin titled “Cyprus Interest Rates in a European Context: Analysis and Comparison”, offering a comprehensive examination of Cypriot lending and ...

Services production in the euro area saw a slight increase in August 2025, while the European Union registered a decline, according to seasonally adjusted figures released on Friday by Eurostat. Monthly ...

Total expenditure on social protection benefits in the EU reached €4.92 trillion according to early estimates for 2024 released on Friday by Eurostat. This marks a 6.9 per cent increase compared with the ...