Banking and Finance

Tech firms have recently warned that soaring office rents – now exceeding those in London and Amsterdam – pose a serious threat to Cyprus’ goal of becoming a tech hub. The rising ...

Oil prices extended gains on Monday, with Brent nearing $80 to build on last week’s steepest weekly jump since early 2023, driven by fears of a wider Middle East conflict and ...

The government on Monday poured cold water on a proposal to tax the interest earnings of banks, arguing that such a step would adversely impact the financial system. Officials and ...

Agriculture Minister Maria Panayiotou, sang the praises of Athienou village as she reaffirmed the government’s commitment to developing Cyprus’ rural economy by strengthening rural businesses and communities. Speaking at ...

Environment commissioner, Antonia Theodosiou, said the government was committed to the financial support of the wine industry. Speaking at the Afamia – Grape Festival in Koilani, of behalf of the president, ...

PwC Cyprus is announcing the launch of PwC’s Academy Business Professionals Certificate (BPC) this October. Developed in partnership with the Institute of Chartered Accountants in England and Wales (ICAEW), ...

Tech firms have warned that soaring rents for offices – higher in some cases than in London and Amsterdam – were threatening Cyprus’ ambition to become a tech hub. The rising cost ...

Facebook, one of the original social media networks, has become known as the platform of parents and grandparents, while young adults take up photo and video apps like Instagram and ...

Google is testing showing check marks next to certain companies on its search results, a company spokesperson said on Friday, in a move aimed at helping users identify verified sources ...

OpenAI recently closed a $6.6 billion funding round at a $157 billion valuation that highlighted the enthusiasm around generative artificial-intelligence technology since the startup burst onto the scene with the launch of ...

A high-stakes corporate earnings season kicks into gear next week, with bullish investors hoping results will justify increasingly rich valuations in a U.S. stock market near record highs. The ...

Britain’s finance industry on Friday called on the new Labour government to phase out additional taxes on banks, warning that lenders in London face a higher total tax burden ...

Britain’s construction sector grew at its fastest pace in nearly two-and-a-half years in September, helped by a sharp jump in civil engineering and an upturn in house-building, but costs ...

Here are the top business stories in Cyprus from the week starting September 30 The European Researchers’ Night, under the motto “Mission Possible,” drew thousands of visitors to the Cyprus State ...

OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company at $157 billion and cement its position as one of the most valuable private companies in ...

Meta Platforms must restrict the use of personal data harvested from Facebook for targeted advertising, Europe’s top court ruled on Friday, backing privacy activist Max Schrems. Schrems took his ...

Oil prices rose further on Friday and were on track for strong weekly gains as investors weighed the prospect of a wider Middle East conflict disrupting crude flows against a ...

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

Global stocks rose on Friday while oil prices were headed for their biggest weekly gain in two years, as escalating tensions in the Middle East kept markets on edge. With ...

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 ...