Banking and Finance

The Chief Scientist for Research, Innovation and Technology of Cyprus, Demetris Skourides, attended the 8th Annual Meeting of the European Forum for Medical Advancement (EFMA) in Limassol, Cyprus. In his ...

The number of bounced cheques dropped to a paltry 23 in September, with a total value of €72,185, according to the preliminary list issued by the Central Bank of Cyprus (CBC). Specifically, ...

A delegation of the Cyprus Chamber of Commerce and Industry (Keve) was in Qatar this week, to discuss a range of issues including energy, infrastructure, technology and tourism. Led by ...

Bold initiatives and innovative projects are guiding the sector to a low-emission future As the European Union (EU) steps up its efforts to reach climate neutrality by 2050, the environmental impact ...

Deloitte Cyprus has issued its 13th Transparency Report, covering the period from June 1, 2023 to May 31, 2024. This report presents the firm’s reflections on the 2024 financial year, offering valuable insights and ...

TEDxMolos Women 2024 made its mark on the local scene, taking place on September 26, at the authentic Plefsis Hall in Limassol’s Old Port. Much like the previous TEDxMolos event in ...

The rate of inflation hit a three-year low 0.7 per cent in September, mainly because of the fall in oil prices. According to the Cyprus Statistical Service (Cystat), the Consumer Price ...

Global stocks dipped as European and Asian share indexes broadly retreated on Thursday, while oil prices rose further as markets weighed the risk of a widening Middle East conflict. Euro ...

The value and volume of turnover in Cyprus’ retail trade saw a notable increase in August 2024 compared to August 2023, according to the Cyprus Statistical Service (Cystat). Specifically, the retail trade ...

Oil prices rose on Thursday on investor concern that a widening Middle East conflict could disrupt crude oil flows from the region, though a stronger global supply outlook kept a ...

The European Commission on Thursday announced that it had sued Cyprus over the country’s failure to implement European Union laws regarding corporate tax. Cyprus has, according to the commission, ...

The Cyprus Shipping Chamber (CSC) has expressed its support for the innovative e-learning initiative, the ‘ICS Academy’,  launched by the International Chamber of Shipping (ICS) on Wednesday. ICS, which represents ...

Zubr Capital announces a new investment in Larixon Classifieds, with local developments spanning Cyprus, Mongolia, Tajikistan, Jamaica, Trinidad and Tobago. As part of its commitment to uplifting up-and-coming IT and ...

Cypriot banks raised mortgage rates in August while cutting interest on one-year deposits for households, according to data released by the Central Bank of Cyprus (CBC). Meanwhile, the total value ...

In recent years, Cyprus has been transforming itself from a popular tourist destination into a vibrant entrepreneurial hub. But what is driving this change, and why are so many startups ...

Bank of Cyprus has recently created the new Funding Amount Calculator, a tool that helps its clients make informed financial decisions regarding new borrowing. This is yet another action that ...

The Cyprus Asset Management Company (Kedipes) has extended its life cycle by three years, with the aim of repaying €3.54 billion in state aid by 2030. This extension followed delays caused by ...

The value and volume of turnover in Cyprus’ retail trade saw a notable increase in August 2024 compared to August 2023, according to the Cyprus Statistical Service (Cystat). According to the report, ...

 MSCI’s global equities index fell with Treasury yields on Tuesday as investors shied away from riskier assets while oil futures rallied on concerns about supply after Iran launched missiles ...

London’s Canary Wharf financial district wants to convert swathes of empty office space into other uses including hotels, two executives at the landlord told Reuters, as it responds to ...

Limassol led the way in Cyprus’ high-value real estate transactions in August 2024, contributing significantly to the total of €20.9 million in sales across the island, according to real estate analytics firm ...

Investors and analysts expect Nike to lower annual forecasts on Tuesday when it posts quarterly results, the company’s first earnings report since announcing a new CEO earlier this month. ...

Limassol led the way in Cyprus’ high-value real estate transactions in August 2024, contributing significantly to the total of €20.9 million in sales across the island, according to real estate analytics firm ...

Cyprus’ industrial producer prices index (PPI) for August 2024 reached 124.1 points (base 2021=100), marking a slight decrease of 0.1 per cent compared to July 2024, according to a report by the Cyprus Statistical Service (...