#business

World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply from outside the group grows, the International Energy Agency ...

A Cyprus-headquartered gaming platform has moved quickly to take advantage of Epic Games’ courtroom victory over Google, launching its own Android store to offer developers and players a new distribution ...

Cyprus businesses are being urged to participate in a European Commission public consultation on draft guidelines for foreign subsidies that could distort the EU internal market. The Cyprus Chamber of ...

Cyprus recorded strong growth in manufacturing, trade and tourism during the first half of 2025, according to the state statistical service’s latest bimonthly bulletin. The bulletin presents the most important ...

Tourism group TUI has introduced an innovative gadget designed to transform the beach experience for British holidaymakers, called the Sand Shaker. According to an official announcement from the company, the ...

The Bank of England has lowered slightly to 115 billion pounds ($155 billion) its estimate of the net loss that Britain’s finance ministry will have to pay to cover the central ...

Oil prices erased losses on Wednesday after US Treasury Secretary Scott Bessent said sanctions against Russia or secondary tariffs could go up if Friday’s meeting between President Donald Trump ...

The hosting of FIBA EuroBasket 2025 is expected to bring multiple economic benefits to the Republic of Cyprus, according to the local FIBA EuroBasket 2025 organising committee. “Cyprus becomes the smallest country ...

MHA, a professional services provider of audit, tax, accountancy and advisory services, has completed the acquisition of Baker Tilly South-East Europe (BTSEE) in a deal valued at up to €24 million, ...

Fourteen businesses that suffered losses in last month’s wildfire in the Limassol mountainous areas have received a total of €39,760 as the first installment of compensation, the energy ministry announced ...

Cyprus recorded strong growth in manufacturing, trade and tourism during the first half of 2025, according to the state statistical service’s latest bimonthly bulletin. The bulletin presents the most important ...

The Finance Ministry on Wednesday announced the end of trading for the 13-week Treasury Bills, fifth issue of 2025, which were issued on May 30, 2025, and will mature on August 29, 2025. The security, ...

The Paphos regional tourism board (Etap) this week announced that its coordinated summer campaign to attract domestic tourism, which began in May, will conclude on August 14. In its statement, the ...

Maritime company Safe Bulkers Inc., led by Cypriot shipowner Polys Hajioannou, listed on the New York Stock Exchange, has agreed to sell the MV Pedhoulas Merchant, with a Cypriot flag, ...

Headquartered in Cyprus, Nexters is best known for Hero Wars, the popular RPG launched in 2016 that has enjoyed steady growth and a remarkable run in the charts. Since 2019, the title ...

The European Commission has launched a public consultation to develop a new strategy for housing construction as part of the European plan for affordable housing. The Cyprus Chamber of Commerce ...

The European Banking Authority (EBA) this week reported that the EU and EEA banking sector remained robust in the first quarter of 2025, despite higher costs of risk. Publishing its quarterly ...

The International Air Transport Association (IATA) has launched the 2024 edition of its World Air Transport Statistics (WATS) report, providing a comprehensive overview of the global airline industry. Updated annually with ...

Britain’s jobs market has weakened again, official data showed, with payrolls falling for a sixth month and vacancies dropping further, but wage growth stayed strong, underscoring why the Bank ...

Louis plc, a group active in cruises, hospitality, and travel services, on Tuesday announced that it is exploring a possible reorganisation of its structure and confirmed that trading of its ...

Cyprus hotels will be at their busiest from the following weekend until August 18, with occupancy rates between 90 and 95 per cent, according to Thanos Michaelides, president of the hoteliers association (Pasyxe). ...

The Cyprus Stock Exchange (CSE) on Tuesday announced the suspension of trading for shares of several companies listed on its new market, a segment designed specifically for smaller, growing, or ...

British consumers raised their spending in July as unusually warm weather at the start of the month boosted clothing sales but demand cooled along as temperatures dropped and some of ...

Oil prices were broadly steady on Tuesday as the United States and China extended a pause on higher tariffs, easing concerns an escalation of their trade war would hit oil ...