Business

Bank cards remain the most widely used payment method in Cyprus by total transaction volume, according to the Central Bank of Cyprus’ (CBC) latest payment statistics report. The report, which ...

The retail trade turnover index in Cyprus increased by 5.8 per cent in December 2024 compared to the same month in the previous year, according to data released by the Cyprus Statistical ...

Interest rates on deposits and loans in Cyprus and Greece vary significantly, with Cypriot banks generally offering lower deposit rates than their Greek counterparts, In addition, according to a report ...

The government on Monday announced the launch of a fast-track process for the issuance of building licences for certain types of residential units, saying the step would also go some ...

Hedge funds last week jettisoned global stocks and added bets they would decline, said Goldman Sachs (GS.N), just before US President Trump announced tariffs that sent global markets tumbling. ...

US companies will look to the Middle East and India for more aluminium and to Chile and Peru for copper as they seek to circumvent sweeping tariffs imposed by US ...

Old gripes about the concession agreement at Limassol port came to the fore in parliament on Monday during a review of the budget of the Cyprus Ports Authority (CPA) for 2025. ...

U.S. President Donald Trump will pause new tariffs on Mexico for one month after Mexico agreed to reinforce its northern border with 10,000 National Guard members to stem the flow ...

Costas Cleanthous, through the Cleanthous Foundation, has pledged over €10 million to establish a paediatric oncology clinic adjacent to Makarios Hospital. This substantial investment, which was announced by president Nikos Christodoulides, ...

The dollar surged on Monday, pushing its Canadian counterpart and the Mexican peso to multi-year lows while China’s yuan slumped to a record trough in offshore trade after US ...

Cryptocurrency prices slid on Monday, with bitcoin at a three-week low, as the risk of a trade war spooked investors and caused a selloff across financial markets. Bitcoin , the world’...

Turkey’s monthly inflation rate climbed more than expected to 5.03 per cent in January due to a minimum wage hike and several new-year price updates, while annual inflation fell to 42.12 ...

Oil prices rose on Monday after US President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of supply disruption, though gains were capped by concern over what ...

The crypto market is a frenzy of speculation where fortunes are lost in the blink of an eye or made. Although well-known companies like Solana (SOL) usually take the stage, ...

The government on Monday announced the launch of a fast-track process for the issuance of building licences for certain types of residential units, saying the step would also go some ...

Once, Kyrenia and Famagusta were the shining stars of Cyprus’ tourism industry. But, post-1974, the island’s map was dramatically redrawn. And with the loss of these jewels, other towns ...

The protection of borrowers hinges not only on legal compliance but also on the social responsibility of banks and credit acquisition companies (CACs), according to Costas Melas, president of the ...

Deputy Minister of Innovation Nicodemos Damianou will meet with the Greek Minister of Digital Governance Dimitris Papastergiou in Athens this week, according to an announcement released on Monday. The two ...

Cyprus’ cruise sector is set for a significant upturn, expecting a 30 per cent surge in ship arrivals this year, according to Deputy Shipping Minister Marina Hadjimanolis. In addition, 139 vessels are ...

The National Bank of Greece (Cyprus) recently presented its activities in the Cypriot business environment during a conference held in Athens. In a speech delivered at the event, Marilena Sevastidou, ...

Stories of little investments turning into huge fortunes define the crypto market. Although Bitcoin (BTC) and Ethereum ( ETH) have shown amazing returns in the past, their high prices make them ...

Non-profit social venture and think tank CyprusInno, powered by SocialTech Lab, has successfully concluded the 2024 Academy for Women Entrepreneurs (AWE) in Cyprus, according to an official announcement. Now in its ...

Cyprus’ industrial producer prices decreased by 1.9 per cent in 2024 compared to the previous year, according to the latest data from the state statistical service. The Producer Price Index (PPI) for ...

By Maria Demertzis For all the talk about the harm of global tariffs and trade wars, the EU could give business a significant boost––while increasing its own revenues from ...