Here are the top business stories in Cyprus from the week starting August 4: Cyprus recorded the lowest annual inflation rate among eurozone countries in July 2025, with consumer prices rising by just 0.1 per cent year-on-year, according to preliminary data released by Eurostat. This represents a further slowdown compared with the 0.5 per cent […]

On 29 July 2025, ABA Bank and the Credit Guarantee Corporation of Cambodia (CGCC) signed two credit guarantee agreements: Economic Stimulus Guarantee Scheme (ESGS) and Rice Export Guarantee Scheme Phase 2 (REGS 2). The signing ceremony was held in the presence of Bibhu Pandey, Chief Credit Officer of ABA Bank, No Lida, Chief Executive Officer […]

The Cyprus Institute of Neurology and Genetics (CING) has officially joined the European research project PoCCardio, a major initiative focused on improving the prediction and prevention of myocardial infarctions. The project, titled Personalised Medicine by using an Advanced Point-of-Care Tool for Stratified Treatment in High Risk Cardiovascular Patients, brings together leading institutions across Europe to develop […]

Synopsis: Cambodia’s exports to the US exceeds $5.5 billion in the first six months of 2025, marking a 25.6 percent increase compared to the same period last year. The Royal Government Friday formally announced the implementation of a zero percent customs tariff on goods originating from the United States, aimed at boosting bilateral trade and […]

Signals were already evident in 2024 and now, with the tourist season at its peak, it is definitively confirmed that Poland constitutes by far the second main source of tourist flow after the United Kingdom for Paphos in 2025. Official arrival data, flights from the country’s airports and bookings show that this Central European country continues from […]

Singapore is home to many cultures, ethnic groups and religions. Since the beginning of the 19th century, immigrants from China, India and all over the Malay Archipelago have settled in Singapore in search of a better life and growth to form the multi-cultural society that the island nation is today. Singapore is also described as […]

ASBISc Enterprises Plc on Thursday reported its strongest-ever second quarter, with revenue for Q2 2025 reaching $949.3 million, marking a 47.0 per cent increase compared to the same period in 2024. The company attributed the surge in revenue to the sustained global demand for servers and server components, driven by the ongoing boom in AI-driven […]

The Bank of Cyprus Holdings Public Limited Company and Bank of Cyprus Public Company Limited on Thursday announced the appointment of Georgios Syrichas as an independent, non-executive member of the Board of Directors. According to a filing to the Cyprus Stock Exchange (CSE), the appointment was approved by the European Central Bank on August 6, […]

Scaling internationally, staying independent, and how Cyprus can build a citizen-first digital future Founder and Managing Director of Capacitor Partners, Michael Tyrimos, has successfully scaled his consulting firm from a one-person startup to an international enterprise operating across Greece and Malta. In this interview, Tyrimos shares insights on strategic expansion, the importance of maintaining autonomy […]

Synopsis: The total value of these transactions touched KHR 128.6 trillion (or $32 billion), marking a 62.2 percent increase year-over-year. The National Bank of Cambodia reported a significant surge in transactions in the Bakong digital payment system in both Khmer Riel (KHR) and US dollar transactions. A mid-year report 2025 of the National Bank of […]

Traffic from the UK accounts for 46 per cent at Paphos, 19 per cent at Larnaca Cyprus airports reached an all-time record in July, with a total of 1,653,880 passengers passing through Larnaca and Paphos airports, surpassing even last year’s August peak, according to Hermes Airports. In a post shared on the company’s official LinkedIn page, Hermes […]

Schemes aim to balance housing demand and supply The response so far to the affordable housing schemes has been encouraging, according to Interior Minister Constantinos Ioannou. He also said that the Cyprus Land Development Corporation (Koag) is planning in the coming years to build and release to the market new affordable housing units for sale and rental. Regarding […]

Limassol continued to dominate Cyprus’ high-end property market in the first half of 2025, accounting for six of the ten most expensive transactions nationwide, with a combined value of €105.7 million, according to real estate analytics firm Ask Wire. The highest-value deal during the period was the €44.8 million sale of part of an apartment […]

An Interview with the Executive Director of Freedom24, Evgenii Tiapkin As Cyprus positions itself as a rising fintech hub in Europe, few companies embody this transformation as vividly as Freedom24. A subsidiary of Freedom Holding Corp., Freedom24 has quickly emerged as a key player in the region’s digital finance space, reshaping how retail investors interact […]

Cyprus links geography to global transport and development strategy Deputy Shipping Minister Marina Hadjimanolis reaffirmed Cyprus’ commitment to development approaches that are inclusive and human-centred during her address at the third United Nations Conference on Landlocked Developing Countries in Turkmenistan. She emphasised the importance of ensuring that all communities benefit from growth, particularly women, youth, and marginalised groups. […]