#business

Demetra Holdings Plc reported a profit of €132.5 million for 2024 during its annual general meeting on June 24, with acting chairman Nearchos Ioannou addressing shareholders. Opening the meeting, Ioannou thanked shareholders for ...

Cypriot beverage company KEO plc on Wednesday announced that its board of directors has approved the payment of an interim dividend amounting to €1,687,276.92. This figure, which was decided during a ...

Tax incentives offered to attract international and Cypriot professionals to Cyprus have resulted in €406.6 million in tax exemptions over a three-year period, benefiting 25,277 employees who moved to the island for ...

Cypriot businesses are struggling to fill vacancies across sectors due to a growing labour shortage, according to Philokypros Rousounides, secretary general of the Cyprus Chamber of Commerce and Industry (Keve). ...

Cyprus’ upcoming assumption of the EU council presidency was brought into focus by Deputy Tourism Minister Kostas Koumis during a ministerial meeting held under the Polish presidency in Warsaw. During ...

Cyprus marked the Day of the Seafarer on June 25 with a message of gratitude and solidarity to maritime workers around the world, underlining their critical role in global trade and ...

Britain’s recent increase in inflation could prove to be a longer-lasting plateau rather than a short-term hump, and the Bank of England should be careful about reducing interest rates, ...

Trade unions are raising objections over the privatisation of the Cyprus Stock Exchange (CSE), warning that staff rights have not been fully safeguarded under the draft law currently before Parliament. ...

The Cyprus Chamber of Commerce and Industry (Keve), in collaboration with the Office of the Commissioner for State Aid Control, has announced the organisation of a presentation focused on state ...

Tesla (TSLA.O) was sued this week by the estates of three people killed last September when their 2024 Model S equipped with Autopilot and Full Self-Driving features crashed on New ...

AstroBank on Tuesday announced that it has signed an agreement to sell nearly all its assets, liabilities and staff to Alpha Bank Cyprus, creating the country’s third largest bank. ...

Aegean has clinched the title of Best Regional Airline in Europe at the World Airline Awards 2025, extending its remarkable winning streak to 14 consecutive years, according to an announcement released on ...

British grocery price inflation rose to 4.7 per cent for the four weeks to June 15, its highest level since February last year, dealing another blow for low-income households, data from market ...

The Central Bank of Cyprus (CBC), which chairs the National SWIFT Users Group (NSUG), held a high-level online meeting on June 20, with the participation of 45 representatives from Cypriot financial institutions ...

PwC Cyprus recently held an award ceremony to honour seven employees for their exceptional performance in the ACCA exams conducted between September 2024 and March 2025, according to an announcement released on ...

In a statement released on Tuesday, following a meeting with president Nikos Christodoulides, the Cyprus Real Estate Developers Association underlined the significant role played by the island’s real estate ...

The consumer protection service has reported mixed movements in Cyprus’ consumer prices for May 2025. The service highlighted increases in frozen molluscs and shellfish, oils, eggs and fish, while noting marked ...

Cyprus’ banking sector recorded one of the highest profitability and capital adequacy levels in the European Union at the end of 2024, according to the European Central Bank (ECB). The figures ...

BrainRocket joins TechIsland as donor, expanding support for Cyprus tech ecosystem Cyprus-based BrainRocket has joined TechIsland as one of the association’s donors, further strengthening its ties to the local ...

Senior executives from across Cyprus’ public and private sectors gathered in Nicosia last week for the 4th Cyprus Association of Information Technology Enterprises (CITEA) Digital Cyprus Conference. The event examined ...

Trade unions are raising objections over the privatisation of the Cyprus Stock Exchange (CSE), warning that staff rights have not been fully safeguarded under the draft law currently before Parliament. ...

Cyprus-based Matrix Ship Management has appointed Geoff Ramsay as head of ship management, a newly created role aimed at strengthening the company’s leadership team amid ongoing international expansion. Ramsay ...

Hedge fund leverage hit a five-year high last week, with speculators buying banks, trading companies and insurance firms, Goldman Sachs data (GS.N) showed, after US interest rates held steady ...

Paphos has emerged as the strongest performer for high-end houses in Cyprus’ residential property market, according to a report released on Monday by Landbank Analytics. The report showed that average ...