#business

Global shipping is facing a fresh security threat off Somalia, as piracy re-emerges at a time when vessels are already being diverted away from the Red Sea and the Strait ...

The European Commission this week launched a formal public consultation regarding a draft revision of the Guidelines on State aid to the air transport sector to reflect post-pandemic market realities. ...

The Shipping Deputy Ministry’s long-planned relocation to a new headquarters at the former Nemitsa factory site in Limassol is moving closer, as the government examines plans for a landmark ...

The Enterprise Europe Network (EEN) branches in Cyprus, Greece, and the Czech Republic will host a significant research and innovation matchmaking gathering in Athens starting on June 8, 2026. The two-day international ...

Shipping must be treated as one of the foundations of Europe’s resilience agenda, Safe Bulkers CEO Polys Hajioannou said during the EU Trade Policy Retreat in Geneva, held in ...

Greek lender Alpha Bank this week announced that it will release its first quarter 2026 financial results on May 20, while also reporting major international distinctions for its economic research team. The ...

The redevelopment of Heroes Square and the surrounding streets is expected to be completed in June, around one month later than originally planned, according to Limassol Mayor Yiannis Armeftis.  Speaking ...

The European Commission recently proposed an update to the EU Emissions Trading System (ETS) benchmark values for the 2026–2030 period to determine future levels of free carbon allowances. This regulatory update ...

People in the European Union took 8.7 billion rail trips throughout the previous year, according to a report from Eurostat. This massive volume of travel amounted to a total of 444.5 billion ...

President challenges foreclosure amendment citing risks to financial stability — borrowers association rejects claims of unconstitutionality Serious constitutional and institutional concerns have been raised over a new foreclosure law, following a ...

Ellinas Finance Public Company Limited on Thursday submitted its annual remuneration report for 2025, outlining total compensation for board members and senior executives. The report was prepared by the company’s ...

The Central Bank of Cyprus (CBC) on Thursday reported that interest rates on new housing loans declined in March, while borrowing costs for businesses remained above the euro area average. ...

The Cyprus Chamber of Commerce and Industry (Keve) and the Cyprus Land Development Organisation (Koag) on Thursday announced the signing of a memorandum of cooperation aimed at strengthening housing and ...

The Cyprus Stock Exchange (CSE) on Thursday released a statement recapping its 30th anniversary event, highlighting its contribution to economic development and outlining future priorities. The exchange celebrated 30 years of ...

Cyprus’ real estate sector saw a sharp rise in building permits issued in January of this year, reflecting a significant expansion in construction activity. According to a report from the ...

Cyprus shipping remains strongly positioned for further growth, with the sector’s foundations, resilience and international role highlighted during the Cyprus Shipping Chamber’s (CSC) 37th annual general meeting in ...

Leptos Calypso Hotels Public Limited recorded higher revenues and operating profits in 2025, with the group describing its performance for the year as particularly satisfactory, according to its annual financial report.  ...

The Bank of Cyprus (BoC) on Thursday announced that it successfully launched and priced a €300 million senior preferred notes issuance under its EMTN Programme. According to a filing on the ...

The Association of Cyprus Banks (ACB) has stressed that remaining proactive constitutes the most reliable safeguard against digital crime and financial fraud, urging businesses to strengthen their cybersecurity measures. “Prevention ...

Shipping must be treated as one of the foundations of Europe’s resilience agenda, Safe Bulkers CEO Polys Hajioannou said during the EU Trade Policy Retreat in Geneva, held in ...

Cypriot startup ecosystem momentum builds heading into summer By Dionysis Partsinevelos The first four months of 2026 have seen seven Cyprus-based startups close funding rounds, bringing the total disclosed capital raised ...

Cyprus recorded a 1.8 per cent year-on-year increase in industrial production in March 2026, according to Eurostat, contrasting with declines across both the euro area and the European Union. The latest figures ...

Cyprus used two maritime events in Chios and Brussels this week to push its shipping priorities, with Deputy Minister of Shipping Marina Hadjimanolis calling for stronger cooperation, wider inclusion and ...

British consumers, shaken by the widening economic fallout from the Iran war, cut their spending last month for the first time since November 2024 ​as they focused on essentials rather than ...