#business

The Bank of Cyprus (BoC) on Monday announced an agreement to acquire performing loans, deposits and selected assets and liabilities from the Cyprus Development Bank (CDB), marking a strategic move ...

The Research and Innovation Foundation (RIF) concluded the Future Founders Academy programme with a Demo Day event in Nicosia, showcasing the creativity and potential of emerging entrepreneurial teams. The event, ...

Larnaca is rolling out a broad 2026 tourism drive aimed at boosting the district’s appeal through targeted promotion, local upgrades and greener infrastructure, as Middle East tensions weigh on the ...

Approximately 167,000 people in Cyprus remained at risk of poverty or social exclusion in 2025, according to the latest figures from the Cyprus Statistical Service (Cystat). Specifically, the statistical service on Monday ...

Trade union Isotita has submitted a memorandum to both the finance and labour minister, raising concerns over its exclusion from consultations on pension system reform. The union, which represents thousands ...

Opposition party Disy on Monday called for an emergency and holistic plan to address the economic impact of the Middle East crisis, warning that inaction is not an option amid ...

PwC Cyprus and the PwC Foundation supported Global Money Week 2026 by implementing an educational programme titled “Financial Literacy” for the fourth consecutive year across schools in Cyprus. According to an ...

More than €230 million is expected to flow into Paphos in 2026 and 2027 for a total of 75 large and smaller development and infrastructure projects, Transport Minister Alexis Vafeades confirmed during a meeting ...

Parliament is set to examine a bill that would give hundreds of hotels and tourist accommodation providers until December 31, 2028 to continue operating without a full licence, as the Deputy Ministry ...

Governments must act collectively, rather than through fragmented responses, to protect seafarers operating in one of the world’s most volatile maritime regions, according to Intertanko managing director Tim Wilkins. ...

International Maritime Organisation (IMO) Secretary-General Arsenio Dominguez urged de-escalation in the Gulf region and called for immediate action to protect seafarers, warning delegates at an extraordinary session of the IMO ...

The euro area recorded a trade deficit of €1.9 billion in January 2026, according to Eurostat, while Cyprus posted a significantly improved trade balance over the same period. The euro area deficit ...

The global server market reached a record $125.3 billion in revenue during the fourth quarter of 2025, driven by accelerating investment in artificial intelligence infrastructure, according to market analysts at the International ...

Economists from the European Central Bank (ECB) have warned that healthy oceans are vital for economic stability, highlighting growing risks from marine degradation. In a blog authored by Andrej Ceglar, ...

The global enterprise storage market recorded strong revenue growth during the fourth quarter of 2025, according to data published by the International Data Corporation (IDC). The external OEM enterprise storage systems ...

Columbia Group is urging industry leaders to implement artificial intelligence in a way that ensures digital processes do not hinder progress in attracting more women to shipping, arguing that the ...

War in the Middle East means investors may not only have to contemplate a higher oil price, but also a stronger dollar than many had bargained for at the start ...

Here are the top business stories in Cyprus from the week starting March 16: The Cyprus Employers and Industrialists Federation (Oev) on Monday expressed “deep disappointment and strong concern” over the ...

The Board of Directors of Blue Island PLC will convene on April 28, 2026, at the company’s registered office to approve the final financial results for the previous year and discuss ...

British home prices are predicted to rise more slowly than previously thought, according to a Reuters poll of housing analysts conducted as expectations for interest rate cuts evaporate following the ...

The European Banking Authority (EBA) recently published its final report on draft implementing technical standards concerning the supervisory reporting of third-country branches under the Capital Requirements Directive VI framework. The ...

Nvidia (NVDA.O) has won Beijing’s approval to sell its second-most powerful ​artificial intelligence chips to China and is also preparing a version of the Groq AI chip that ...

Britain’s finance regulator confirmed ​new incident and ‌third-party reporting rules this week, giving ​firms 12 ​months to prepare for ⁠clearer requirements ​aimed at strengthening ​resilience against cyber attacks and third-party ...

Finance Minister Makis Keravnos on Friday said the ministry is preparing multiple scenarios and measures to mitigate potential economic fallout from the war in Iran. The minister stressed that developments ...