Cyprus Mail - Business & Finance

30/11/2025

The Index of Industrial Output Prices in Cyprus for October 2025 stood at 122.7 units, using 2021 as the base year set at 100 units, according to the Statistical Service (Cystat).

The Index of Industrial Output Prices in Cyprus for October 2025 stood at 122.7 units, using 2021 as the base year set at 100 units, according to the Statistical Service (Cystat). The index remained unchanged compared with September 2025, while it recorded a decline of 0.5 per cent compared with&hel...

30/11/2025

The International Air Transport Association (IATA) has warned that the European Parliament’s proposed overhaul of EU261 risks moving the bloc’s passenger-rights rules in the wrong direction, arguing that the changes would raise costs for travellers and airlines while failing to address the issues passengers actually face.

The International Air Transport Association (IATA) has warned that the European Parliament’s proposed overhaul of EU261 risks moving the bloc’s passenger-rights rules in the wrong direction, arguing that the changes would raise costs for travellers and airlines while failing to address the issue...

29/11/2025

Cyprus recorded slightly higher-than-average levels of online shopping in 2024, according to Eurostat data published on Friday, with more than six in ten people aged 16–74 ordering goods or services over the internet in the three months before the survey.

Across the EU, 60.2 per cent of people made an online purchase during that period.

Cyprus recorded slightly higher-than-average levels of online shopping in 2024, according to Eurostat data published on Friday, with more than six in ten people aged 16–74 ordering goods or services over the internet in the three months before the survey. Across the EU, 60.2 per cent of people mad...

29/11/2025

Cyprus intensified preparations for its EU Council Presidency in 2026 as Interior Minister Constantinos Ioannou wrapped up meetings in Stockholm this week, focusing on housing policy and civil protection.

Cyprus intensified preparations for its EU Council Presidency in 2026 as Interior Minister Constantinos Ioannou wrapped up meetings in Stockholm this week, focusing on housing policy and civil protection. Ioannou held talks with Sweden’s civil protection leadership, Minister Carl-Oskar Bohlin and ...

29/11/2025

Cyprus will showcase its shipping capabilities at this year’s Marintec China, one of the world’s largest maritime exhibitions, taking place from December 2 until 5, in Shanghai.

Held every two years and running since 1981, the exhibition is expected to draw more than 80,000 visitors and over 2,000 exhibitors from 30 countries, including 15 national pavilions representing major maritime nations.

Cyprus will showcase its shipping capabilities at this year’s Marintec China, one of the world’s largest maritime exhibitions, taking place from December 2 until 5, in Shanghai. Held every two years and running since 1981, the exhibition is expected to draw more than 80,000 visitors and over 2,0...

29/11/2025

Cyprus Business Now: tourism, maritime, foreign exchange, loans, betting revenue

The Foreign Exchange (Forex) market is a critical pillar of global finance, but its accessibility to retail investors has created a confusing landscape. For many Cypriots seeking to understand online investment, the distinction between a regulated financial service, a betting platform, and...

27/11/2025

27/11/2025

Europe has no shortage of gifted founders, curious researchers and determined innovators, even as the continent wrestles with how to close its innovation gap and sharpen its competitive edge.

This was particularly evident for anyone who attended the EIT Innovation Awards 2025, which brought Europe’s innovation community to Budapest on November 25 for a full day of pitches, prizes, policy debate and networking.

The event, organised by the European Institute of Innovation and Technology (EIT), showcased not only award winners but the wider ecosystem that supports them from research to real world deployment.

From the moment the opening press conference began in the morning, the tone was set by a frank assessment of Europe’s strengths and weaknesses.

“Ecosystems are grown, not made,” said Stefan Dobrev, Chairperson of the EIT Governing Board, as he spoke about the long work of building trust between universities, entrepreneurs, investors and governments.

“Europe does not lack research or brilliant ideas, but we are often slow at turning them into products and services that reach the market,” he said. “EIT was created as a bridge between research and entrepreneurs and companies that bring products to market.”

27/11/2025

Eurobank reaffirmed its long-standing role as a strategic partner of Cyprus’ tourism sector at the Association of Cyprus Tourist Enterprises (Stek) annual tourism conference 2025, which focused on ‘Sustainable Tourism: The Absolute One-Way Path’.

The event, held with Eurobank’s support, examined the future operating model of the industry, along with trends and applications of artificial intelligence in tourism, sustainability solutions and green transition models, as well as financing and investment opportunities to support businesses in the new era were explored.

Eurobank reaffirmed its long-standing role as a strategic partner of Cyprus’ tourism sector at the Association of Cyprus Tourist Enterprises (Stek) annual tourism conference 2025, which focused on ‘Sustainable Tourism: The Absolute One-Way Path’. The event, held with Eurobank’s support, exam...

24/11/2025

A profound transformation is reshaping the geography of global wealth. The international relocation of high-net-worth individuals (HNWIs) — those with over $1 million in investable assets — has accelerated to historic levels.

According to the Henley Private Wealth Migration Report, approximately 128,000 millionaires relocated globally in 2024, marking one of the highest flows ever recorded.

Preliminary 2025 data indicates that this trend has continued at a similar or higher pace, reinforcing what economists call the Great Wealth Shift.

Why the UK Is losing ground By George Ayiomamitis A profound transformation is reshaping the geography of global wealth. The international relocation of high-net-worth individuals (HNWIs) — those with over $1 million in investable assets — has accelerated to historic levels. According to the Hen...

23/11/2025

Loan and real estate management company doValue Cyprus on Friday announced that it has acquired a majority stake in Omnitouch Cyprus Ltd, thereby expanding its footprint in outsourced customer-support and digital services across the island.

Cyprus-based Omnitouch provides inbound and outbound call-centre operations, online support, identity verification and confirmation services, as well as interactive voice response solutions.

Loan and real estate management company doValue Cyprus on Friday announced that it has acquired a majority stake in Omnitouch Cyprus Ltd, thereby expanding its footprint in outsourced customer-support and digital services across the island. Cyprus-based Omnitouch provides inbound and outbound call-c...

23/11/2025

Cyprus holds the second highest ratio in the European Union for issuing first residence permits to non-EU citizens under the age of 18, relative to its own child population, according to Eurostat.

The high ratio underscores the island’s position as a destination for international families, with Cyprus recording 2,584 permits per 100,000 population under 18 years of age.

Cyprus holds the second highest ratio in the European Union for issuing first residence permits to non-EU citizens under the age of 18, relative to its own child population, according to Eurostat. The high ratio underscores the island's position as a destination for international families, with...