#business

A private education project worth over €50 million is advancing in Polemidia, Limassol, with construction preparations under way for a new school funded by the Yael Foundation. Work is expected to ...

Cyprus is projected to become one of the first countries in the world to go fully cashless, according to a new global study by Merchant Machine. In addition, the study ...

The Bank of Cyprus on Monday posted a profit after tax of €117 million for the first quarter of 2025, marking an increase of 9 per cent compared to the previous quarter. In ...

Hellenic Bank has received dual environmental certifications this year, according to an official announcemnet released this week. The announcement noted that this “affirms its ongoing commitment to environmental protection and ...

The Tsakos Enhanced Education Nautical Studies (TEENS) academy will roll out a new certified Electro-Technical Officers (ETOs) training programme this September, aiming to address the growing need for specialised officers ...

The value of bounced cheques in Cyprus dropped sharply in April 2025, with only €22,860 recorded from 23 dishonoured cheques, according to data released on Monday by the Central Bank of Cyprus (CBC). ...

The highest average interest rate on new floating-rate housing loans reached 5.24 per cent in March, according to a report published on Monday by the Central Bank of Cyprus (CBC). This ...

Cyprus is stepping up scrutiny of influencers, YouTubers and other public figures, as tax and consumer protection authorities intensify efforts to tackle undeclared income and misleading advertising. Using advanced digital ...

Total government employment in Cyprus increased by 237 persons, a rise of 0.4 per cent, in April, compared to the same month in 2024, reaching a total of 55,490 employees, according to the state ...

Cyprus recorded a trade deficit of €1.85 billion in the period from January to March 2025, marking a rise from the €1.71 billion deficit registered during the same period in 2024. Total imports of ...

Larnaca has begun work on what is expected to become one of Cyprus’ most important cultural landmarks, a €30 million Art and Design Centre set to be completed by 2030. Designed by ...

The Cyprus Real Estate Agents Registration Council on Monday welcomed the court’s decision to convict two Hungarian nationals for their involvement in the illegal promotion and sale of Greek ...

The Central Bank of Cyprus (CBC) and its financial ombudsman service received 154 formal complaints from bank customers in 2024, according to the CBC’s annual report. The majority of these complaints, ...

Cyprus continues to lag behind most EU countries in gender equality, according to findings presented at a recent event co-organised by the Labour Ministry and the Cyprus Institute of Chartered ...

Deputy Shipping Minister Marina Hadjimanolis on Monday travelled to Szczecin, Poland, for a working visit. While there, she will attend the informal council of ministers responsible for shipping, held under ...

The Cyprus Chamber of Commerce & Industry (Keve) on Monday announced that businesses operating in the food sector were the primary focus of this year’s Cyber Security Weekend. The ...

The Bank of Cyprus on Monday posted a profit after tax of €117 million for the first quarter of 2025, marking an increase of 9 per cent compared to the previous quarter. In ...

EU-funded researchers are accelerating the rollout of self-driving trucks on public roads to solve driver shortages and improve safety and sustainability in Europe’s logistics sector. By Bárbara Pinho ...

Apple’s plans to add AI-powered search options to its Safari browser are a big blow to Google, whose lucrative advertising business relies significantly on iPhone customers using its search ...

By Miranda Xafa Trump’s tariffs dominate discussions about the global economic order and the outlook for the global economy at the IMF’s Spring Meetings. Existing rules are being ...

IBM (IBM.N) has made a play for more sales in the crowded artificial intelligence field, touting tools that could help customers manage a fleet of AI agents for their ...

Here are the top business stories in Cyprus from the week starting May 5: Limassol businesses are still grappling with staffing shortages, rising costs and red tape, according to the latest ...

The US Department of Justice has proposed that Google sell its AdX digital ad marketplace and DFP platform for managing and delivering ads on websites, after a federal judge found ...

OpenAI has dialed back a significant restructuring plan, with its nonprofit parent retaining control in a move that is likely to limit CEO Sam Altman’s power over the pioneering ...