#business

ChatGPT maker OpenAI was awarded a $200 million contract to provide the US Defense Department with artificial intelligence tools, the Pentagon said in a statement this week. “Under this award, the ...

European truckmaking rivals AB Volvo (VOLVb.ST) and Daimler Truck (DTGGe.DE) hope to cut costs and reduce reliance on suppliers by jointly developing a software-defined vehicle program, they said ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday officially adopted a series of guidelines issued by the European Securities and Markets Authority (ESMA) concerning crypto-asset service providers (CASPs) operating ...

The Central Bank of Cyprus (CBC) on Friday made a slight downward revision to the country’s growth forecast for 2025, adjusting it to 3.1 per cent from 3.2 per cent in March. ...

Invest Cyprus on Friday issued a statement welcoming the decision by India’s Drone Destination to establish its European subsidiary in Cyprus. The agency, tasked with driving investment to the ...

Finance Minister Makis Keravnos on Friday called for urgent action to boost European competitiveness and reinforce the EU’s common defence as he arrived at the Economic and Financial Affairs ...

Petrolina (Holdings) Public Limited this week approved a final dividend of 2 cents per share at its 25th annual general meeting of shareholders. The decision came as the company reported a ...

Logicom Public Ltd on Friday announced the approval of a dividend payment of 10 cents per share, representing 29.4 per cent of the nominal share value, following decisions taken at its annual ...

Agros Progress Development Public Ltd, parent company of the Rodon hotel, held its annual general meeting (AGM) on Thursday, during which shareholders approved a dividend distribution and made several changes ...

The draft bill for the privatisation of the Cyprus Stock Exchange (CSE) was submitted to the House of Representatives on Thursday, paving the way for the selection of a strategic ...

Scientists, government officials and industry leaders gathered this week at the University of Cyprus for a presentation of a study documenting biodiversity in quarry zones, aiming to reshape policies on ...

Bitloops, a startup with team members in both Cyprus and Greece, has secured €1 million in pre-seed funding to advance its AI-powered development platform designed for professional frontend engineers. According to ...

What began as a personal move soon evolved into a bold strategic decision. In an interview with Cyprus Mail, Matt Murphie, founder and investor of Copper Island, the international film ...

Intel (INTC.O) hired three chip industry executives in engineering and networking roles this week, as part of CEO Lip-Bu Tan’s plans to overhaul top management and turn around ...

Two teams participating in the Investor Day of the KPMG Startup Innovation Lab (SIL) have secured direct entry into Phase B of the 16th NBG Business Seeds Competition. The National ...

Central Bank of Cyprus (CBC) on Monday launched a new programme aimed at enhancing financial literacy among adults, with a strong focus on developing a network of trained educators across ...

The Central Bank of Cyprus (CBC) on Thursday welcomed Moneyval’s recognition of the country’s efforts to strengthen its anti-money laundering and counter-terrorist financing framework. “Cyprus continues to strengthen ...

The Bank of England held interest rates at 4.25 per cent as expected on Thursday but said it was focused on risks from a weaker labour market and higher energy prices ...

Michael Ioannou, the chief information officer of Elias Neocleous & Co LLC, has called for an urgent shift in how organisations approach cybersecurity, describing it as a core component of ...

Cyprus Real Estate Agents Registration Council president Marinos Kineyirou on Thursday raised concerns over illegal real estate activity involving Greek Cypriot properties in the Turkish-occupied north. He stressed that illegal ...

Cyprus recorded the lowest inflation rate among all European Union countries in May, according to figures released by Eurostat this week. Inflation in Cyprus fell to just 0.4 per cent in ...

The number of building permits authorised in Cyprus dropped by 20.4 per cent in February, when compared to the same month in 2024, the state stastical service reported on Thursday. The report ...

By Dr Νicolas Kyriakides, Assistant Professor, Director of the Procedural Law Unit, University of Nicosia, President of the Reform Committee of the Cyprus Bar Association In its latest Article IV ...

Eurobank on Thursday released a detailed report outlining its role as a catalyst in the evolving economic, commercial and business relations between India, Cyprus and Greece. The announcement came in ...