#business

Limassol and Paphos drive over 70 per cent of Cyprus property market expansion Cyprus’ property market remained firmly on an upward path in July, with sale contracts passing 2,000 in a single ...

Government opens consultation on national diving tourism strategy The Deputy Ministry of Tourism recently launched a public consultation on Cyprus’ National Strategy for the Development of Diving Tourism, inviting stakeholders ...

UBS has raised its price target for Eurobank to €5.10 from €4.90, maintaining its ‘buy’ recommendation after the lender delivered stronger-than-expected second-quarter results and upgraded its outlook, with Cyprus continuing to play ...

The European Central Bank (ECB) has reported that negotiated wage pressures across the euro area remain stable through 2026 and into early 2027, while separate data from Cyprus showed workers’ earnings continued ...

Borrowing costs for businesses across the euro area increased in June while mortgage rates remained broadly stable, according to new figures released by the European Central Bank (ECB), with the ...

Europe’s three financial supervisory authorities have called for stronger governance, enhanced operational resilience and a more consistent supervisory approach to protect the European Union’s financial sector from the ...

Cypriot shipping executive Thomas Kazakos has taken the International Chamber of Shipping’s (ICS) campaign for a toll-free Strait of Hormuz to Bahrain’s Foreign Minister, as the industry steps ...

Turkey’s inflation slowed slightly more than expected in July, but the war in Iran and the resulting turmoil in energy markets are likely to push the central bank towards ...

The European Central Bank (ECB) has reported that euro area money supply growth accelerated in June, while lending to households and businesses remained broadly unchanged, pointing to continued expansion in ...

The Central Bank of Cyprus (CBC) on Monday reported that deposit interest rates increased while consumer borrowing costs eased in June 2026, with the value of pure new lending also recording ...

Demetra Holdings Plc executed a minor share buyback transaction on the Cyprus Stock Exchange (CSE) on July 31, 2026 as part of its ongoing corporate management strategy, the company announced on Monday. ...

Temu has denied receiving foreign subsidies that gave it an unfair advantage in Europe, pushing back after the European Commission accused the online retailer of failing to cooperate fully during ...

More products became cheaper than more expensive on the e-kalathi price tracking platform during the second half of July, although wide price differences between supermarkets continued to raise questions over ...

Cyprus’ retail sector continued its strong performance in June 2026, with both the value and volume of sales rising compared with a year earlier, according to figures released on Monday by ...

Cypriot shipping executive Thomas Kazakos has taken the International Chamber of Shipping’s (ICS) campaign for a toll-free Strait of Hormuz to Bahrain’s Foreign Minister, as the industry steps ...

EasyJet on Monday extended the deadline for suitor ​Castlelake to decide whether to make ‌a firm takeover offer, bringing it into line with the deadline facing Apollo (APO.N) as ...

Island Oil will contribute towards a scholarship for a newly admitted University of Cyprus student joining the MA in Peace, Conflict and Democracy for the 2026/2027 academic year. The scholarship will ...

Greek lender Eurobank S.A. executed a €2.46 million share buyback between July 27, 2026 and July 31, 2026 as part of its ongoing capital management programme, the Greek lender announced on August 3, 2026. The transaction ...

A Cyprus Chamber of Commerce and Industry (Keve) member association representing property valuers has warned that online property valuation tools and automated valuation systems should only be treated as indicative ...

Artificial intelligence is not only replacing routine work but also creating a major new demand for verifying its outputs, a trend largely overlooked in industry debate, according to a recent ...

Limassol-based Lemissoler Navigation has named MV Lem Azalea and MV Lem Plumeria, the first two vessels in its four-ship dual-fuel methanol newbuilding programme. The naming ceremony took place end of ...

Euro area firms rapidly expanded their use of artificial intelligence in 2025, with around 70 per cent reporting some level of adoption, according to a new European Central Bank (ECB) study based ...

Cyprus’ economic sentiment continued to improve in July 2026, supported by stronger confidence among businesses in the services and retail trade sectors, according to the latest business and consumer surveys published ...

The European Union’s electric vehicle market rebounded strongly in 2025, while Cyprus continued its gradual shift towards electrified transport with hybrid cars accounting for more than half of new passenger ...