#business

Cyprus sets up national business development body to drive SME growth The Cabinet on Wednesday brought into force the law establishing the Cyprus Business Development Organisation and appointed the new ...

Commercial shipping through the Strait of Hormuz has all but stopped, with only two commodity vessels passing through the waterway on Wednesday, as negotiations over a new transit corridor struggle ...

Cyprus’ inflation rate eased to 2.9 per cent in July 2026, down from 3.1 per cent in June, as lower fuel prices and a sharp fall in clothing and footwear brought the consumer ...

Sainni bets on real-time AI to change the way businesses sell Artificial intelligence is reshaping the way businesses sell, but a Cyprus-based startup believes the next step is moving beyond ...

Retail trade volume in Cyprus contracted by 1 per cent in June 2026 compared with the previous month, according to a report released on Thursday by Eurostat. The monthly drop in Cyprus ...

Asbis delivers ‘best quarter in company history’ Cyprus-based IT distributor ASBISc Enterprises Plc, commonly known as Asbis, on Thursday reported its most profitable quarter on record after net profit more ...

Demetra Holdings Plc purchased 3,656 of its own shares on August 5, 2026, according to an official announcement published by the investment company on Thursday. The transaction was carried out in compliance with ...

The Finance Ministry announced on Thursday that the trading period for 13-week Treasury bills issued in May is nearing completion. The specific government debt securities, designated under issue code TB13...

Rising costs and worker shortages test resilience of Cyprus builders Cyprus’ construction sector maintained strong growth momentum in the first half of 2026, supported by a robust pipeline of new projects, ...

Morgan Stanley has updated its outlook for Greece’s major banks following their second-quarter results, raising price targets for Alpha Bank and the National Bank of Greece while maintaining a ...

Google parent Alphabet has overhauled the leadership of its artificial intelligence operations, moving Nobel laureate Demis Hassabis from the day-to-day running of Google DeepMind into a newly created group-wide science ...

Industrial producer prices in Cyprus rose by 0.3 per cent in June of this year, according to a report from Eurostat. The modest monthly increase in Cyprus followed a sharp gain ...

Cyprus has found its way onto National Geographic’s reading list, and this time the essential holiday packing begins with a novel. A seven-night escape to Larnaca inspired by Elif ...

Eurozone business activity jumped to an eight-month ​high in July as a rebound in services joined a strengthening manufacturing sector, but the ‌uncertain trajectory of the Middle East conflict continued ...

British new car registrations rose nearly 12 per cent in July, marking their best performance since ​2019 as battery electric vehicle (BEV) sales reached another record, ‌industry data showed on Wednesday. EV ...

Britain’s financial regulator said it was simplifying listing rules to make the country’s ​stock market a more attractive place for companies ‌to raise capital, seeking to reverse a ...

Enterprise technology service provider Kyndryl on Wednesday announced the expansion of its distributed cloud capabilities, using Microsoft’s AI-powered adaptive cloud approach. Designed to help customers innovate, modernise and simplify ...

Freedom24 announced on Wednesday a long-term strategic partnership with the Anorthosis Football Academy, becoming its principal strategic sponsor as part of a broader investment in youth football development in Cyprus. ...

Cyprus banks continued to offer deposit rates well below the eurozone average in June 2026, while significant differences in both savings and lending rates persisted across individual lenders, according to a ...

Cyprus and India should build a structured roadmap for cooperation in startups, research and technology, turning growing bilateral interest into measurable partnerships, Indian High Commissioner Manish Manish said.  In a ...

Cyprus hotel bookings have returned to a more normal pace, but August remains around 10 per cent behind, with operators relying on last-minute demand and discounts to support occupancy, the heads ...

Only 141 of the 728 hotels operating across Cyprus currently hold an operating licence, Paphos hoteliers association president Evripides Loizides said, warning that the problem requires immediate state intervention. Speaking to the ...

The Cyprus Stock Exchange (CSE) announced on Wednesday the outcome of its latest review of listed companies’ compliance with minimum market capitalisation requirements, confirming that one company will have its ...

Eight leading maritime associations, including the International Chamber of Shipping headed by Cypriot secretary-general Thomas Kazakos, have urged the United Nations and the International Maritime Organisation (IMO) to prevent the ...