#business

Demetra Holdings Plc on Thursday announced its net asset value (NAV) per share as of June 30, 2025, stood at at €2.5494 per share. Moreover, in a company filing on the Cyprus Stock ...

Microsoft (MSFT.O) will lay off nearly 4 per cent of its workforce, the company said on Wednesday, in the latest job cuts as the tech giant looks to rein in ...

Alphamega hypermarkets signed an agreement to acquire Foody Market, the online supermarket service operating through the leading distribution platform Foody. The completion of the transaction, however, is subject to approval ...

The general house price index in Cyprus, which includes both houses and apartments, continued its upward trajectory on an annual basis during the first quarter of 2025, according to data published ...

Cyprus’ international investment position (IIP) deteriorated in the first quarter of 2025, recording a net liability of €31.01 billion compared to €29.18 billion in the fourth quarter of 2024. The figures are based on ...

Cyprus has formally approved the creation of a national mechanism for the control of foreign direct investments (FDI), following a cabinet decision on Wednesday. The move aims to strengthen the ...

British food prices accelerated by the most since March 2024 in June, pushing up overall shop prices rose for the first time in nearly a year, according to a survey from ...

Cyprus has formally approved the creation of a national mechanism for the control of foreign direct investments (FDI), following a cabinet decision on Wednesday. The move aims to strengthen the ...

Cyprus’ banking system liquidity fell by €4.5 billion in 2024 compared to the previous year, reaching €19.2 billion by year-end, according to data published on Wednesday by the Central Bank of Cyprus (CBC). ...

Unemployment in Cyprus stood at 3.6 per cent in May 2025, down from 3.7 per cent in April and 4.8 per cent in May 2024, according to data released by Eurostat on Wednesday. The number ...

The Central Bank of Cyprus this week released monetary financial institutions (MFIs) deposit and loan statistics for May 2025, revealing a marked slowdown in deposit growth and a modest rise in ...

Cyprus’ hotel industry continues to face labour shortages despite a record year for tourism in 2024, with hoteliers urging targeted reforms to address staffing gaps and housing constraints. Speaking this week ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced that it has awarded a total of €1,000 to two university students in Cyprus as part of its annual academic prize ...

Bird Aviation has signed a multi-year agreement with a leading European airline for the provision of heavy maintenance services on narrow-body aircraft, reinforcing Cyprus’ position as a regional hub for ...

Cypriot insurance providers CNP Cyprialife and CNP Asfalistiki have officially been renamed ERB Cyprialife and ERB Asfalistiki, according to an official statement released on Wednesday. The two companies said that ...

Global air cargo demand rose by 2.2 per cent in May 2025 compared to the same month last year, according to data released by the International Air Transport Association (IATA). Capacity, measured ...

Rising prices in raw materials, fuel, energy and basic food items are only the beginning of a more difficult economic cycle that lies ahead, according to Costas Melas, president of ...

The Bank of Cyprus has received two major distinctions at the 2024 EMEA Finance Achievement Awards, recognising its €300 million green bond issued in April 2024. According to an announcement by the bank ...

Banks have overtaken the government as the most influential force in Cyprus’ real estate sector, according to EY Cyprus’ latest annual survey.   As mentioned in Philenews, the market continues to ...

EU-funded researchers are using AI to transform nuclear technology, making medical scans safer, streamlining nuclear plant maintenance and allowing earlier prediction of earthquakes. By Tom Cassauwers Whenever you have a ...

A significant number of Greeks are keeping financial secrets from their partners, according to a new survey conducted by fintech app Plum. The survey explored how Greek couples manage their ...

Tourism revenue in Cyprus experienced a significant rise in April 2025, reaching €304.2 million according to the latest results from the passengers survey conducted by the state statistical service. This represents a 39.9 ...

The Turnover Value Index of Retail Trade in Cyprus increased by 8.4 per cent in May 2025, compared to the corresponding month of the previous year, according to the state statistical service. ...

Cyprus is striving to position itself as a credible, stable, and forward-looking economic partner within the region and the European Union, government officials affirmed at Bloomberg’s ‘Future of Markets’ ...