UK house prices rose by 2.2% in 12 months to May, ONS says
British house prices rose for a third month in a row in May, increasing by an annual 2.2 per cent after a 1.3 per cent rise in April, the Office for National ...
Koumis turns attention to food and drink
Deputy Minister of Tourism Kostas Koumis met with groups representing the wine and gastronomy sectors to discuss the promotion of local culinary and wine traditions.
The meetings included representatives from ...
Stability in prices, notable rise in apartment rents
Cypriot real estate market analytics firm Ask Wire on Friday released its Q2 2024 edition of the Ask Wire Index, detailing property sale and rental values across the island. The Index, ...
28 essential goods see price increases in June
In June, 28 out of 45 basic product categories saw price increases, with 24 of these categories rising by less than 3 per cent from the previous month. This information comes from the Consumer ...
Google deal for ‘hot market’ cyber firm Wiz would bolster cloud security
If Alphabet’s Google is successful in its effort to buy cloud security company Wiz, it would bolster its cloud security offerings for large organisations, a hotspot for hackers, and ...
Cyprus Business Now
In June, Cyprus’ annual inflation rate, as measured by the Consumer Price Index (CPI), remained steady at 3 per cent, mirroring the previous month’s figure.
Notable price increases were observed ...
Warner Bros Discovery rises after BofA says possible sale of assets likely beneficial
Shares of Warner Bros Discovery rose more than 6 per cent on Tuesday after Bank of America (BofA) Global Research said the company could create more value for its shareholders if ...
GM not reiterating 2025 1 million EV production capacity forecast
General Motors on Monday declined to reiterate its previously announced forecast that it would have 1 million units of electric vehicle production capacity in North America by the end of 2025.
A ...
Construction materials see decrease in prices
Building material prices have decreased, according to data released by the Cyprus Statistical Service (Cystat)
The Construction Materials Price Index for June 2024 stood at 117.47 points (with 2021 as the base year ...
LOT airline resumes flights to Cyprus after 2-year break
The Polish airline LOT has announced the resumption of its flights to Larnaca Airport, with four per week during the winter season. According to a press release from the deputy ...
Cyprus inflation holds steady at 3% in June
In June, Cyprus’ annual inflation rate, as measured by the Consumer Price Index (CPI), remained steady at 3 per cent, mirroring the previous month’s figure. Notable price increases were observed ...
Euro zone households seek loans again after two years – ECB
Euro zone households are applying for loans in growing numbers for the first time in two years as they grow more optimistic about the economy and interest rates fall, a ...
Cyprus Business Now
Solutions must be in place to help ship owners with navigating the complex challenges of complying with the new FuelEU Maritime regulations, said Columbia Group.
With the introduction of FuelEU ...
Amazon Prime Day sales hit record $14 billion
Shoppers are likely to spend roughly $14 billion during Amazon’s Prime Day two-day shopping event this week, according to projections from Adobe Analytics, a firm that studies e-commerce transaction data.
...
Global smartphone market grew 6.5% in Q2, led by Samsung and Apple, IDC says
Global smartphone shipments rose 6.5 per cent in the second quarter, driven by Samsung Electronics and Apple, preliminary data from IDC showed on Monday, but a full recovery in demand is ...
Arrivals surpass previous year’s says minister
Deputy Minister of Tourism Kostas Koumis is satisfied that the latest figures on tourist arrives indicate they would be at the same levels as 2023, a good year for the industry.
...
Financial analysts’ society elects new board
The Chartered Financial Analyst (CFA) Society Cyprus elected a new board of directors at this week’s AGM.
Nikos Potamaris is the new board chiarman, succeeding Andreas Kleanthous, while Konstantinos ...
Cyprus Business Now
Representatives of Cyprus’ Research and Innovation Foundation (RFI) and the Japan Science and Technology Organisation (JST) recently met in Nicosia to establish collaborations in cutting-edge fields such as artificial intelligence, ...
Cyprus real estate market faces a slowdown
The Central Bank of Cyprus (CBC) has reported a deceleration in the House Price Index (HPI) for houses and apartments in the first quarter of the year 2024. This trend is ...
Polis to be transformed by €141m projects
Projects worth €141 million are set to transform the Polis Chrysochous area in the coming years, said the mayor Yiotis Papachristofis. Among these developments is the €60m expansion of the harbour ...
AI Hack Lab
Prepare to dive into the forefront of AI technology and explore groundbreaking topics such as running large language models (LLMs) on local machines, mass AI adoption, AI in Rust, and ...
Transport sector experiences reduced turnover
The transport sector has witnessed a decline in turnover, according to the latest data released by the Cyprus Statistical Service (Cystat).
The turnover index for transport and storage in the ...
Cyprus and Japan explore hi tech cooperation
Representatives of Cyprus’ Research and Innovation Foundation (RFI) and of the Japan Science and Technology Organisation (JST) recently met in Nicosia, to establish collaborations in cutting-edge fields such as artificial ...
Bank of Cyprus updates privacy statement in compliance with GDPR
The Bank of Cyprus on Monday announced a revision to its privacy statement in alignment with the European Union’s general data protection regulation (GDPR) and relevant national legislation.
The ...