Kyriacos Nicolaou

Satellite internet of things (IoT) connections are forecast to surge from 7.7 million in 2023 to 197.7 million by 2035 , according to new research by Omdia, as businesses increasingly turn to satellite networks for global coverage and resilience.

The share of workers using artificial intelligence on the job has doubled in two years , reaching 52 per cent in 2026 , while users report saving a median of three hours a week , according to new European Central Bank (ECB) research.

Greece's state budget recorded a €5.77 billion primary surplus in the first seven months of 2026 , comfortably exceeding the €4.42 billion target, according to budget execution data released this week.

The European Union recorded a €21.8 billion trade deficit during the second quarter of 2026, marking the bloc's first negative balance since the middle of 2023, according to Eurostat.

Euro area consumers became slightly more optimistic about inflation and economic growth in July, although the latest European Central Bank (ECB) survey comes as Cyprus continues to face significantly stronger price pressures than the wider euro area.

Cyprus can become a base for exporting high-value data expertise to technology companies across Europe and the United States as businesses increasingly embrace remote senior leadership , according to Nikolai Valiotti , chief data officer and founder of Valiotti Data

Smartphone shipments across the Middle East excluding Turkey fell 19 per cent year-on-year to 10.6 million units in the second quarter of 2026, as rising prices, supply constraints and geopolitical uncertainty pushed vendors towards higher-value devices, according to research firm Omdia.

EU industrial production rebounded in 2025 after two consecutive annual declines , with the value of sold manufactured goods rising by 2.9 per cent in inflation-adjusted terms, according to a report from Eurostat.

The European Banking Authority (EBA) has launched a consultation on new rules covering investment firms whose assets exceed €30 billion , setting out how the threshold should be calculated and when firms may be allowed to continue operating without a banking licence

Greek systemic banks have been placed among the European banking sector's strongest performers by UBS, which has issued a buy recommendation on all four major Greek banking groups and identified scope for further gains in their share valuations.