#business

Europe’s biggest bank HSBC said this week that a trial use of quantum computers to aid bond trading had produced promising results, in a rare example of a major ...

Two financing agreements totalling €55 million were signed on Thursday by Finance Minister Makis Keravnos, EIB vice president Kyriacos Kakouris and CING chief executive Leonidas Phylactou. At the signing, which took ...

Petrolina (Holdings) Public Limited on Thursday announced a pre-dividend, after-tax profit of €3 million for the first half of 2025, marking a significant turnaround from a loss of €707,000 in the same period ...

Cyprus’ tourist accommodation sector continued to rely heavily on foreign visitors in the first half of 2025, according to Eurostat data published on Thursday. The figures were released to mark World ...

The Consumer Protection Service (CPS) announced this week that it is investigating complaints from consumers against a travel agency that has allegedly failed to meet its obligations to clients. Speaking ...

The Secretary-General of the International Maritime Organisation (IMO), Arsenio Dominguez, warned that the ocean is under threat, stressing that its decline is driven by human activities but can still be ...

Cyprus’ state-owned asset management company Kedipes posted mixed results in the first half of 2025, with stronger restructuring activity offset by weaker inflows, while continuing to repay state aid and expand ...

Limassol port operator DP World marked World Maritime Day on Thursday by lighting up the Limassol Cruise Terminal building in blue. World Maritime Day is an annual observance established by ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday issued a statement reaffirming that the country’s regulatory framework for the investment and capital markets sector is fully aligned with ...

Atlantic Insurance held its annual general meeting this week, where shareholders approved the company’s annual report for 2024. This included the management report, the corporate governance report, the audited consolidated ...

This year’s European Researchers’ Night is set to take place in Nicosia on Friday, September 26, offering Cypriot audiences a full-day programme of scientific and technological activities. The event, which ...

Lordos Hotels reported a sharp turnaround in its first-half results for 2025, posting a net profit of €605,800 compared with a loss of €236,800 a year earlier, the company said this week. Profits ...

Greek-retail group Jumbo this week reported a net profit of €117.18 million for the first half of 2025 and confirmed plans to open two new hyperstores in Cyprus over the next five ...

The Digital Cooperation Organisation (DCO) this week announced the expansion of its WE-Elevate programme across all its member states, including Cyprus, on the sidelines of the 80th United Nations General ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced that it has reached four separate settlement agreements with employees of V.P. Magnetic Support Technologies Ltd over possible violations ...

The Central Bank of Cyprus (CBC) on Wednesday published updated data on non-performing loans and banking sector profitability, balance sheet and capital adequacy for the period ending June 30, 2025. According to ...

Pay settlements granted by British employers held at 3 per cent in the three months to August but many firms are now offering smaller rises in response to their higher labour ...

When Greek firefighters investigated the cause of a deadly wildfire near the Athens Riviera in August, they found a familiar culprit: a loose power cable whose sparks were blown across ...

The Central Bank of Cyprus (CBC) on Wednesday published updated data on non-performing loans and banking sector profitability, balance sheet and capital adequacy for the period ending June 30, 2025. According to ...

Chief Scientist Demetris Skourides concluded a four-day visit to India on September 19, following a series of meetings with business, political and academic leaders aimed at deepening bilateral cooperation and exploring ...

The European Union posted a €23 billion trade surplus in high-tech products in 2024, returning to positive territory after a €15 billion deficit the year before and four consecutive years in the red, ...

Cypriot telecommunications trade union Epoet has called for the appointment of an executive chairman at Cyta, while at the same time reducing the powers of the chief executive officer (CEO). ...

Lordos United Public Ltd has reported a consolidated profit of €981,113 for the first half of 2025, an increase compared with €879,923 in the same period last year. The company announced the results ...

Leading Greek and international shipowners gathered in Athens on Tuesday for the TradeWinds Shipowners Forum Greece 2025, debating how to navigate geopolitical turbulence, commercial risk and the accelerating push to decarbonise ...