#business

Diageo (DGE.L) CEO Debra Crew has stepped down after two years in the job, the world’s biggest spirits maker has said, with finance chief Nik Jhangiani taking over ...

Average house prices in the United Kingdom in May were 3.9 per cent higher than a year earlier, after a 3.6 per cent rise in the year to April, the Office for ...

Cyprus’ working life expectancy has climbed to 39 years, placing the island well above the EU average of 37.2 years in 2024, according to Eurostat data released on Friday. The figure reflects the ...

The construction materials price index reached 119.03 units in June, based on 2021 as the reference year, according to official data released on Friday. The Cyprus Statistical Service (Cystat) reported that this ...

President of the hoteliers association (Pasyxe) Thanos Michaelides on Friday said hotel occupancy in July ranges between 80 and 85 per cent, stating that the flow of reservations is normal for this ...

The Larnaca tourism board (Etap), in collaboration with local authorities and with the support of the Deputy Ministry of Tourism, is pressing ahead with a series of targeted interventions to ...

Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou participated in the Informal Competitiveness Council of the European Union on Research, which took place in Copenhagen, Denmark, between July 16–17, 2025. ...

Cyprus has emerged as a key growth market for major Greek IT groups, which are steadily expanding their presence on the island while boosting their international reach across Europe. From ...

Property transactions on the island climbed 15 per cent in the first half of 2025, but the booming market is leaving students and families facing steep rents ahead of the academic year. “...

The need for a rational regulatory framework for short-term rentals was the central focus of a recent meeting between the Cyprus Property Developers Association and Kyriacos Hadjiyiannis, chairperson of the ...

OpenAI has included Alphabet’s (GOOGL.O) Google Cloud among its suppliers to meet escalating demands for computing capacity, according to an updated list published on the ChatGPT maker’s ...

The Cyprus Securities and Exchange Commission (CySEC) has confirmed that the Administrative Court has annulled its decision to impose major fines on Ioannis and Amalia Vardinoyiannis, following a long-running legal ...

Tourism in Cyprus continued to strengthen in June 2025, with tourist arrivals rising 3.4 per cent year-on-year to reach 498,527, compared to 482,261 in June 2024, according to the state statistical service. For the first ...

Volvo Cars reported a sharp decline in second-quarter operating profit on Thursday that nonetheless exceeded analyst expectations, sending shares up, though the company continues to face headwinds from tariffs and ...

The European Central Bank (ECB) this week launched a public contest for the design of future euro banknotes, marking the next step in the euro banknote redesign process. According to ...

British pay growth slowed in May and employee numbers dropped further last month, but the cooling in the labour market which had alarmed some policymakers appeared less acute than previous ...

Oil prices edged up on Thursday on signs of easing trade tensions, stronger than expected economic data from the world’s top oil consumers and renewed risks in the Middle ...

The Paphos regional tourism board (Etap) on Thursday announced a change in leadership, with Michalis Mitas appointed as its new president. Mitas takes over following the conclusion of previous president ...

The National Bank of Greece (Cyprus) on Thursday announced that it has introduced a new fixed-term deposit that combines stable returns with simple and transparent terms. “In a time of ...

Cyprus recorded one of the smallest declines in energy use across the EU services sector in 2023, as the bloc’s overall consumption fell by 1.9 per cent compared with the previous ...

Cyprus’ Harmonised Index of Consumer Prices (HICP) rose by 0.5 per cent year-on-year in June 2025, according to figures published by the statistical service on Thursday. When compared with the previous month, ...

Tourism in Cyprus continued to strengthen in June 2025, with tourist arrivals rising 3.4 per cent year-on-year to reach 498,527, compared to 482,261 in June 2024, according to the state statistical service. For the first ...

Cyprus’ property market remained resilient in the first half of 2025, with sales documents rising 16 per cent year-on-year and the total value of property transfers approaching €2.3 billion. Paphos continued its upward ...

The cost of transitioning to a net-zero emissions economy in Cyprus depends heavily on the chosen policy mix, particularly regarding how carbon tax revenues are used, according to research conducted ...