#business

The Bank of Greece has reported a decline in the value of loans managed by domestic credit servicing companies and transferred to specialised financial institutions abroad. The total nominal value ...

Global shipments of extended reality (XR) headwear are expected to decline by 12 per cent to 6.2 million units in 2026, according to the latest forecast released by market research company Omdia, although ...

The European Securities and Markets Authority (ESMA) recently published its 2025 annual report, showcasing a year defined by enhanced supervision, regulatory simplification, and digital innovation. The report detailed how the regulator ...

The euro area current account recorded a surplus of €16 billion in April 2026, marking an increase from the €15 billion surplus observed in the previous month, according to data from the European ...

Cyprus Shipping Deputy Minister Marina Hadjimanolis will depart for Rome on Monday for a three-day working visit centred on an international shipping conference and a series of bilateral meetings with ...

Cyprus businesses urged to prepare for global competition In a rapidly evolving business environment, some discussions focus more on exploring uncertainties than providing clear answers. This insight comes from consultant ...

Construction output across the eurozone and the wider European Union saw a modest rise in April 2026 as industry figures signal ongoing recovery across the continent. According to the latest data ...

Here are the top business stories in Cyprus from the week starting June 15: Brussels hosted the European Innovation Council Summit 2026 this month, where Laurence Petit, Director of Innovation at France’...

The European Union saw a surge in its international trade activity during 2025, with exports of final services reaching a record level of 61 percentage points above 2017 levels, according to Eurostat. This ...

Elon Musk’s SpaceX (SPCX.O) is buying the startup behind the popular AI coding agent Cursor, Anysphere, for $60 billion in an all-stock deal to boost its presence in the ...

Digital Cooperation Organisation (DCO) Secretary-General Deemah AlYahya used her visit to Cyprus to strengthen a series of international and local partnerships, underlining the island’s growing role as an emerging ...

By Nektarios Michail and Kyriacos Lambrias Since the outbreak of the war between US and Iran and the subsequent intermittent closure of the strait of Hormuz, ship crossings have been ...

The euro area reported a trade in goods deficit of €1 bn in April 2026, marking a significant reversal from the surplus of €8.7 bn recorded in April 2025, according to the latest figures ...

The Cyprus Chamber of Commerce and Industry (Keve) has announced a June initiative inviting agri-food and agri-tech stakeholders to join the European NEXTCHAIN matchmaking platform, aimed at fostering innovation and ...

Non-profit organisation Cyprus Seeds successfully concluded its participation in the Doers Summit 2026 in Limassol last month, where it reinforced its position as the island’s only scientific innovation catalyst by ...

The European Central Bank (ECB) released its consolidated banking data on Friday, revealing that total assets held by EU-headquartered credit institutions rose by 1.6 per cent to reach €33.50 trillion by the ...

The Central Bank of Cyprus (CBC) on Friday revised down its forecasts for economic growth in 2026 and 2027, citing the continuing war in the Middle East and warning that risks remain ...

Strait of Hormuz traffic rises, but security risks continue to slow full return to normality  Ships have begun leaving the Persian Gulf after the US and Iran agreed to ease ...

Strovolos and the wider Nicosia area are set to be promoted as a model accessible sports and tourism destination through the implementation of the European project SPORTS4ALL. The 24-month ...

‘Europe needs ecosystems, not just capital’ Europe’s long-term competitiveness will depend less on the amount of money available to startups and more on the strength of the ecosystems supporting ...

The Cyprus Securities and Exchange Commission (CySEC) has warned investors about a number of websites that are not operated by entities authorised to provide investment services or carry out investment ...

The Cyprus Stock Exchange (CSE) announced on Friday that it has extended the suspension of trading for shares of four companies listed on its Emerging Companies Market for an additional ...

Logicom Public Ltd reported a sharp drop in profit attributable to shareholders for the first quarter of 2026, falling by 55.2 per cent to €10.7m, compared with €23.9m in the same period ...

The European Central Bank (ECB) released its updated wage tracker this week, indicating that negotiated wage pressures remain stable as the year progresses. Data covering agreements signed up to the ...