#business

The total sales of petroleum products in Cyprus increased by 11.2 per cent in September, when compared with the same month in 2024, the state statistical service (Cystat) announced on Monday. Total ...

Jefferies has reaffirmed its positive outlook on Greece’s two largest banks, the National Bank of Greece (NBG) and Eurobank, ahead of their upcoming third-quarter 2025 financial results. The investment firm ...

Deposits in Cypriot banks rose sharply in September, while lending also strengthened, reflecting resilient liquidity and stable credit demand, according to the Central Bank of Cyprus (CBC).  In its Monetary ...

Alpha Bank saw strong investor demand for its first-ever green senior preferred bond, marking its return to the international capital markets following the restoration of its investment grade rating. The ...

The Limassol District Local Government Organisation (EOA Limassol) has released an announcement stating that recent data from the Cyprus Statistical Service (Cystat) “confirms the acceleration of development in the district”. “...

Demetra Holdings Plc on Monday announced that it repurchased a total of 7,800 of its own shares at a price of 1.64 cents per share. According to a filing on the Cyprus ...

Cyprus launched the International Maritime Tourism Festival 2025 this weekend at Ayia Napa Marina, with President Nikos Christodoulides pledging to make the island a leading maritime tourism hub in the Eastern ...

Passenger traffic at Larnaca and Paphos airports surpassed 10 million in the first nine months of 2025, marking a new record for Cyprus’ aviation sector.  According to new data from Hermes Airports, ...

The capital divide The economic history of Cyprus is a tale of resilience, often defined by its agile recovery from external shocks and its strategic location. Yet, the demands of ...

The global rush by chipmakers to produce AI chips is tightening supply of less glamorous chips used in smartphones, computers and servers, spurring panic buying by some customers and a ...

B2B technology marketers are facing increased scrutiny on return on investment (ROI) alongside tighter budgets and elevated expectations as they plan for 2026, according to new research from market intelligence ...

An EU-funded study showcases innovation that is affordable, sustainable and effective, and may lead to a more resilient and competitive Europe. By Kaja Šeruga At this year’s International Architecture ...

India’s government has proposed that artificial intelligence and social media firms should clearly label AI-generated content to tackle the spread of deepfake and misinformation, prompted by similar moves by ...

Here are the top business stories in Cyprus from the week starting October 20: The International Chamber of Shipping (ICS) expressed disappointment following the conclusion of the International Maritime Organisation’s (...

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has detailed the key risk drivers currently facing EU financial markets as geopolitical events continue ...

US banks’ loans to private credit providers have surged to nearly $300 billion, Moody’s said in a report released this week, and the ratings agency warned that smaller lenders could ...

Meta (META.O) is cutting roughly 600 positions out of the several thousand roles within its Superintelligence Labs artificial intelligence unit, Axios reported this week. The cuts will affect the company’...

The 16th Limassol Economic Forum convened prominent figures to dissect how global disruption is reshaping economies and trade, stressing that resilience, reform, and leadership are crucial for Cyprus and Europe. ...

The European Banking Authority (EBA) recently published its annual report on convergence of supervisory practices for 2024 across the European Union. The report details the EBA’s extensive efforts to strengthen ...

Interest in maritime studies has been steadily growing in Cyprus, mirroring the island’s long-standing relationship with the sea and the strength of its shipping industry.   At the Cyprus University ...

Crypto heavyweight Coinbase (COIN.O) said this week it has bought investment platform Echo in a nearly $375 million cash-and-stock deal, aiming to bring fundraising tools to its platform. Dealmaking within ...

Goldman Sachs (GS.N) is setting up a private wealth management team in Saudi Arabia, it said this week, as it boosts its offer in the Middle East to serve ...

The Cyprus Securities and Exchange Commission (CySEC) announced on Friday that it imposed administrative fines on two companies, WRDNB Ltd and Lydya Financial Ltd, for failing to submit a required ...

AmCham Cyprus on Friday announced its newly elected board of directors and president, following its annual general meeting held on September 18, and a subsequent board of directors meeting on October 16. ...