#business

Columbia group Asia Region, headquartered in Limassol but with 33 management offices across the world, chief executive Demetris Chrysostomou has rejected claims that Asian shipowners are falling behind their European and ...

Cyprus Seeds collaborated with Conception X, which runs the UK’s leading PhD deep-tech venture programme, turning researchers into startup founders. The collaboration was described as a milestone in Cyprus ...

Cyprus and Saudi Arabia will sign a memorandum of cooperation (MoU) in tourism “in the immediate future” following a teleconference this week between Deputy Minister of Tourism Costas Koumis and ...

Shipowners are facing mounting scrutiny over scrubber technology, which while curbing sulphur oxides in the air, discharges harmful contaminants into the sea. Cyprus, like several other European countries, has already ...

FIBA EuroBasket 2025 will be staged at Limassol’s Spyros Kyprianou Sports Centre from August 28 to September 4, marking Cyprus’ debut in the tournament. Deputy Minister of Tourism Costas Koumis said the ...

Shares in Nissan Motor slumped around 6 per cent on Tuesday after its second-largest shareholder, Mercedes-Benz, said it would sell off its roughly $346 million shareholding – a 3.8 per cent stake – in the ...

U.S. soft drinks company Coca-Cola is working with investment bank Lazard to review options, including a potential sale, of British coffee chain Costa, a source familiar with the matter ...

German business morale improved unexpectedly in August to its highest level in 15 months, a survey showed on Monday, although analysts warned the economic outlook remained weak. The Ifo institute said ...

FIBA EuroBasket 2025 will be staged at Limassol’s Spyros Kyprianou Sports Centre from August 28 to September 4, marking Cyprus’ debut in the tournament. Deputy Minister of Tourism Costas Koumis said the ...

Cyprus has ranked bottom among EU member states in the latest Sustainable Development Report (SDR), released by the Sustainable Development Solutions Network (SDSN). The island placed 56th globally out of 167 ...

Cyprus leisure centres enjoyed strong business during the August 15 holiday, but industry leaders warned that all-inclusive packages and the rapid growth of Airbnb rentals are putting increasing pressure on restaurants, ...

The Pavlakis family group has completed an extensive renovation programme at its three Ayia Napa hotels, Nissi Beach Resort, Nissi Park and Alion Beach, as part of a long-standing policy ...

Greek shipowners control 21 per cent of the world’s merchant fleet with 5,520 vessels, maintaining their lead as the largest shipping power globally. Fleet capacity has grown by 50 per cent over ...

Cyprus’ accession to the Schengen Zone is of “key importance,” the association of large investment projects said, arguing that it could strengthen the country’s image as a safe and ...

Meta has signed a deal with generative AI lab Midjourney to license the startup’s “aesthetic technology” for the social media company’s future models and products. The technical collaboration ...

Spotify will raise prices as it invests in new features and targets 1 billion users, the Financial Times reported on Sunday citing the music streaming provider’s Co-President and Chief Business ...

Global central bankers gathered at a U.S. mountain resort over the weekend are starting to fear that the political storm surrounding the Federal Reserve may engulf them too. U....

Chinese e-commerce firm PDD Holdings beat market estimates for quarterly revenue on Monday, signaling a rebound in domestic demand and improved growth in its international business despite global trade uncertainties. ...

Cyprus’ accession to the Schengen Zone is of “key importance,” the association of large investment projects said, arguing that it could strengthen the country’s image as a safe and ...

Europe’s shipping industry will face its first financial bill under the European Union’s Emissions Trading System (EU ETS) on September 30, marking a watershed moment in efforts to curb ...

International premium-class travel grew faster than economy in 2024 as global demand for air transport continued to climb, the International Air Transport Association (IATA) said in its annual World Air Transport ...

Bank of Cyprus (BoC) has become the first lender on the island to allow customers to apply for a mortgage loan entirely online, with responses provided within 24 hours. The new ...

A Europe-wide survey has ranked Cyprus fifth for expat entrepreneurs, citing its strong startup density and solid survival rates, though limited venture capital remains a challenge. According to research by ...

The European Banking Authority (EBA) has published a new report on the use of technology tools in anti-money laundering and countering the financing of terrorism (AML/CFT) supervision, also known ...