#business

Cyprus hoteliers association Pasyxe has elected Yiannos Pantazis as its new president, with Thanos Michaelides stepping down after three years in the role, as the association marked its 90th anniversary ...

The European Central Bank on Tuesday gave eurozone banks four months to draw up plans to counter AI-enabled cyber threats ​that could undermine confidence in the financial system and disrupt ‌...

Greek and Cypriot bank shares are expected to continue outperforming, with investment firm Axia-Alpha Finance raising its target prices and maintaining buy recommendations, while identifying Eurobank and the Bank of ...

Telecommunications provider Cyta has signed an agreement to acquire the RedMax Data Centre in the Latsia Industrial Area, marking a strategic investment aimed at expanding Cyprus’ digital infrastructure and strengthening ...

Card payment company Visa this week announced the launch of the Visa Threat Intelligence Platform (VTIP), a sophisticated solution designed to assist financial institutions in identifying and addressing cyber threats ...

The Bank of England on Tuesday set out plans to relax rules ‌on how much capital banks have to hold against shocks, aiming to align requirements for British banks more ...

Eurobank this week announced the launch of a new programme titled Business Banking Construction Sector, which is designed to provide specialised financial solutions to one of the most vital areas ...

European Parliament members voted on Tuesday to approve extensive changes to air passenger rights, aiming to secure faster compensation and improved transparency for travellers. The new regulations, passed with 646 votes ...

Finance Minister Makis Keravnos will travel to Brussels on Wednesday to participate in meetings of the Eurogroup on July 9 and the ECOFIN Council on July 10, where European Union finance ministers ...

Greek airline Aegean announced this week that credit rating agency ICAP CRIF Ratings has maintained its AA rating for the company. This decision was reached on July 03, 2026, as part of ...

The board of directors of Orca Investments Plc announced on Tuesday that it has successfully completed the payment of a dividend from the retained earnings of the 2023 financial year. This ...

Cyprus’ tourism industry remained heavily concentrated in the summer months during 2025, with Eurostat figures showing that August and July were by far the busiest periods for overnight stays in tourist ...

Geopolitical tensions impact tourism and services exports but construction remains key pillar for economic activity in Cyprus Cyprus’ economic growth slowed to its weakest pace in ten quarters during the ...

Cyprus’ industrial sector generated higher value added and recorded a modest increase in employment during 2024, according to figures released by the Cyprus Statistical Service (Cystat), with manufacturing remaining the main ...

Telecommunications provider Cyta has signed an agreement to acquire the RedMax Data Centre in the Latsia Industrial Area, marking a strategic investment aimed at expanding Cyprus’ digital infrastructure and strengthening ...

The Bank of Cyprus (BoC) on Tuesday announced that it has revised its privacy statement as part of a broader strategy to ensure the comprehensive protection of personal data. This ...

Russia risks an “explosive” banking crisis because lenders are shouldering much of the burden of the country’s war economy, a European state intelligence report seen ​by Reuters has warned, ...

Cyprus recorded the highest monthly increase in the volume of retail trade among European Union member states during May 2026, according to the latest figures published by Eurostat, the statistical office ...

Cyprus’ Composite Leading Economic Index (CCLEI) remained in negative territory in June 2026, posting a year-on-year decline of 0.65 per cent, according to the latest estimates published by the Economics Research Centre ...

Alpha Bank Cyprus has announced changes to its executive committee, appointing Penny Spiliotopoulou as chief financial officer (CFO) while expanding the responsibilities of Chief Private Banking Officer Charis Kynigou Landas, ...

Cyprus recorded the highest monthly increase in industrial producer prices across the European Union during May 2026, according to the latest data released by Eurostat. Specifically, Cyprus saw a surge of 3.6 ...

The Bank of England could give Britain’s government bond market a boost this week and lower public borrowing costs by more than £1 ​billion ($1.3 billion) a year, banks say — but ...

British new car sales in June climbed 11.4 per cent from year-ago ​levels to their strongest since 2019, with battery electric vehicles taking ‌a record share of the market as consumer demand ...

The board of directors of the Mall of Cyprus (MC) Plc has announced that it will convene its annual general meeting on July 30, 2026. Shareholders are due to review the audited ...