14 h. ago UK economy shrinks again in May, fuelling fears of stalled recovery

Britain’s economy contracted unexpectedly for a second month running in May, official data showed on Friday, compounding worries at home for finance minister Rachel Reeves as the nation navigates growing global turbulence. Gross domestic product shrank by 0.1 per cent after a 0.3 per cent drop in April, the Office for National Statistics said. Economists […]

Politics

23 h. ago Cyprus Business Now: FDI, Skourides, Invest Cyprus, CSE, financial literacy

Parliament on Thursday began debating legislation to screen foreign direct investments in strategic sectors, aligning Cyprus with EU rules designed to safeguard security and public order. The bill, approved by the Council of Ministers earlier this month, implements Regulation (EU) 2019/452, which establishes a framework for monitoring foreign direct investments (FDIs) into the European Union […]

Economics

47 h. ago Cyprus Business Now: ICT, sanctions, digital euro, disability care debate, RIF

The Cyprus association of care home owners on Tuesday expressed “strong dissatisfaction” over the way House labour committee discussed living conditions in private and state care homes for people with dissabilities. The association, a member of the Cyprus Chamber of Commerce and Industry (Keve), stressed that its exclusion from the discussion was unacceptable, “especially given its […]

Politics

2 d. ago Cyprus Business Now: airports, property, graduate employability, CySEC

Cyprus is stepping up its air connectivity this summer, with Larnaca and Paphos airports offering an expanded network of destinations across Europe and the Middle East. The move, driven by Hermes Airports in close partnership with airlines and tourism stakeholders, aims to enhance options for residents and support the island’s growing visitor flows. Larnaca Airport […]

Politics

3 d. ago Cyprus Business Now: CySEC, tourism, hospital tookover, job satisfaction

Finance Minister Makis Keravnos on Monday will chair a Eurogroup meeting, which is also set to elect a new president for the next two and a half years. According to a statement from the Finance Ministry, ministers will first exchange views on the coordination of fiscal policies within the eurozone. They will also adopt a […]

Society

4 d. ago ExxonMobil discovers new offshore natural gas reservoir near Cyprus

ExxonMobil discovers new offshore natural gas reservoir near Cyprus  Business Standard

Politics

4 d. ago Court cancels €6.4m CySEC fine against Vardinogiannis siblings

The Administrative Court has annulled a fine of more than €6.4 million imposed by the Cyprus Securities and Exchange Commission (CySEC) on Greek business siblings Ioannis and Amalia Vardinogiannis over allegations of insider trading involving shipping sector changes and shareholding in a listed company. According to Cypriot daily Politis, the court accepted the appeals lodged […]

Events

4 d. ago Cyprus' family businesses are struggling to survive, experts warn

Cyprus' family businesses are struggling to survive, experts warn  Kathimerini.com.cy

Events

4 d. ago Cyprus chairs Eurogroup as ministers discuss 2026 fiscal outlook

Finance Minister Makis Keravnos on Monday will chair a Eurogroup meeting, which is also set to elect a new president for the next two and a half years. According to a statement from the Finance Ministry, ministers will first exchange views on the coordination of fiscal policies within the eurozone. They will also adopt a […]

Politics

6 d. ago Cyprus Business Now: BoC, hotel workers, Larnaca marina, foreign investments

Cyprus has moved to establish a national framework for screening foreign direct investments (FDIs), aiming to safeguard security and public order while maintaining an open environment for investors. The Council of Ministers approved the draft legislation on July 2, the Finance Ministry said in a statement issued on Friday. The bill will now be submitted […]

Economics

6 d. ago Thousands of businesses face wait for EU AI compliance guide

Key guidance to help thousands of companies comply with the European Union’s landmark artificial intelligence rules may come at the end of the year, the European Commission said on Thursday, marking a six-month delay. “On the AI Act’s GPAI rules, the European AI Board is discussing the timing to implement the Code of Practice, with […]

Politics

7 d. ago Employers urge halt to planned transport strike over driver shortage

Cyprus’ leading business group has sounded the alarm over a planned strike by Class A transport workers, warning that the walkout could disrupt supply chains and damage the fragile economy. The strike is set for Monday, July 7. The Cyprus federation of employers and industrialists (OEV) has called it a “disproportionate measure” and is appealing […]

Sport

7 d. ago Reeves caught between weak growth, rising debt, and party revolt

After a year in office, Britain’s finance minister Rachel Reeves faces a reckoning over unmet promises of economic stability, with a stop-start economy and restive bond markets pointing to another tax-raising budget that she had hoped to avoid. Wednesday saw the biggest collapse in British government bond prices since the ill-fated 2022 economic agenda of […]

Events

7 d. ago Finance Ministry to oversee Cyprus’ foreign investment controls

Cyprus has moved to establish a national framework for screening foreign direct investments (FDIs), aiming to safeguard security and public order while maintaining an open environment for investors. The Council of Ministers approved the draft legislation on July 2, the Finance Ministry said in a statement issued on Friday. The bill will now be submitted […]

Economics

7 d. ago Cyprus Business Now: Admie, properties, SMEs, inflation, unemployment

Greece’s power grid operator on Thursday pushed back against mounting criticism over its demand that Cyprus cover part of the costs for the undersea electricity interconnection project linking Cyprus, Greece, and Israel. The independent power transmission operator (Admie) insisted that Cyprus’ delay in honouring its obligations under a bilateral agreement threatens to derail the entire project, […]

Economics

8 d. ago Arofat Salayeva: connecting Cyprus and Uzbekistan through business

Interview with the President of the Cyprus-Uzbekistan Business Association The launch of the Cyprus–Uzbekistan Business Association, under the Cyprus Chamber of Commerce and Industry (KEBE), signals a new era in bilateral relations. At its forefront is Arofat Salayeva, a Fellow Chartered Certified Accountant and Managing Director of Arosal, a boutique firm offering tax and business […]

Politics

8 d. ago Collaboration between CIM Cyprus Business School and EY Cyprus Ltd

Collaboration between CIM Cyprus Business School and EY Cyprus Ltd  Kathimerini.com.cy

Politics

8 d. ago Vasiliko port modernisation project to get €18m in EU funding 

The expansion of the Vasiliko port project will receive €18,781,957 in funding as part of the European Union’s financing programme Connecting Europe Facility (CEF), the transport ministry announced on Thursday.  “The project contributes decisively to the transition towards cleaner forms of energy in the maritime sector, accelerating the decarbonisation of maritime transport and enhancing the […]

Politics

8 d. ago Cyprus Business Now: real estate, new insurance firms, FDI, staff shortages

Cyprus has formally approved the creation of a national mechanism for the control of foreign direct investments (FDI), following a cabinet decision on Wednesday. The move aims to strengthen the country’s protective framework, align with European Union standards on national security and transparency, and safeguard strategic infrastructure. President Nikos Christodoulides had earlier described the initiative […]

Politics

9 d. ago Cyprus Business Now: tourism, banks, maritime, real estate, technology

Tourism revenue in Cyprus experienced a significant rise in April 2025, reaching €304.2 million according to the latest results from the passengers survey conducted by the state statistical service. This represents a 39.9 per cent increase compared to April 2024, when revenue stood at €217.4 million. The stastitistical service also reported that tourists from Lebanon, […]

Economics