#business

The industrial turnover index in Cyprus stood at 115.2 units in August 2025, marking a decrease of 3.4 per cent compared with August 2024, according to figures released this week by the Cyprus Statistical ...

Norway’s sovereign wealth fund, the world’s largest, has said that it would vote against ratifying Tesla CEO Elon Musk’s proposed compensation package that is potentially worth $1 trillion ...

Chief Scientist Demetris Skourides opened the 6th COSPAR Symposium in Nicosia between November 3 and 7, 2025, gathering global leaders in space research under the theme “Space Exploration 2025: Humanity’s Challenges and Celestial ...

The Cyprus Composite Leading Economic Index (CCLEI), compiled by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-on-year increase of 2.0 per cent in October 2025, according to ...

Deputy Minister of Tourism, Costas Koumis feels optimistic for the next tourist season following a series of meetings he held with tour operators and airlines at the World Travel Market (...

Lidl Cyprus on Wednesday announced upcoming management changes set to take effect in early 2026, marking a new chapter in the company’s leadership. According to the company’s official statement, ...

Anyone who benefited from the previous 5 per cent VAT scheme for the purchase or construction of a main residence in Cyprus will remain covered only until June 2026, when the transitional ...

The number of registered unemployed reached 7,099 persons on the last day of October, according to figures released on Wednesday by the Cyprus Statistical Service (Cystat). This represents a decrease of 682 ...

Cyprus’ Tax Department is unable to appeal decisions of the Tax Tribunal before the courts, effectively tying its hands in cases where the state could potentially lose millions of euros ...

The Central Bank of Cyprus (CBC) has reported only a marginal increase in the number of Automatic Teller Machines (ATMs) across the island, underscoring the steady shift towards digital payments ...

The Cyprus Chamber of Commerce and Industry (Keve) and the Cyprus–China Business Association are organising a high-level China-Cyprus business engagement later this month, according to an announcement from the ...

Cyprus is stepping up preparations ahead of taking over the Presidency of the Council of the European Union in the first half of 2026, with ministries and public services working at ...

Revolut has chosen Cyprus as the official centre of its European operations in digital assets, after securing a Markets in Crypto-Assets (MiCA) licence from the Cyprus Securities and Exchange Commission (...

While many European countries are still figuring out how to teach young people to think like innovators rather than employees, Cyprus already has entrepreneurship written into its national youth strategy, ...

The Digital Cooperation Organisation (DCO) this week launched the Digital Economy Navigator 2025 (DEN 2025) during the Second World Summit for Social Development in Doha, highlighting Cyprus’ strong performance in digital governance, ...

French politicians are escalating their fight with Chinese online fast-fashion retailer Shein, threatening a ban over childlike sex dolls on its site, just as the company plans to open its ...

The Famagusta local district administration (EOA Famagusta) announced this week that the examination of planning and building applications increased by 144 per cent in September, compared to the corresponding period last ...

Eurobank Limited, the new entity formed through the merger of Eurobank Cyprus and Hellenic Bank, is redefining Cyprus’ financial landscape while strengthening the island’s role as a key regional ...

The Cyprus Stock Exchange (CSE) has announced that it will proceed with the delisting of European Medium-Term Notes (EMTN) due to the securities having matured and been repaid. According to ...

Saudi Arabian oil company Aramco, the world’s top oil exporter, reported a 2.3 per cent decline in its quarterly profit on Tuesday, citing a drop in crude and product prices, ...

The Cyprus Stock Exchange (CSE) announced on Tuesday the continuation of the suspension of trading of the shares of MR. PENGU PUBLIC COMPANY LTD for a further two months, extending ...

Oil prices fell over 1 per cent on Tuesday as OPEC+’s decision to pause output hikes in the first quarter next year along with weak manufacturing data and a stronger ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Tuesday warned that the Eurozone economy remains weak and risks falling behind its global competitors unless it moves decisively towards deeper ...

Demetra Holdings Plc announced today that it proceeded with a buyback of its own shares on Monday, November 3, purchasing a total of 8,000 shares in the market. The purchase was executed ...