Stay informed with the latest business and economy news from Cyprus and around the globe. This section covers key developments in finance, energy, tourism, technology, entrepreneurship and the corporate sector.
Eurobank has retained its position as the top asset manager in Greece, according to Maria Koletta, head of sales and assistant general manager at Eurobank Asset Management Mutual Fund Management ...
XM, one of the world’s online leading financial services providers, announced the commitment of €5 million to support the recovery of areas devastated by the recent wildfires, acknowledging the scale ...
Credit transfers remain the most popular non-cash payment method in Cyprus by total transaction value, accounting for 83 per cent, according to a report published on Thursday by the Central Bank ...
The Deputy Ministry of Tourism this week announced the launch of the nomination process for the Cyprus Hospitality Awards 2025, a national initiative that recognises and rewards excellence in the tourism ...
Eurozone business activity accelerated faster than forecast this month, supported by a solid improvement in the bloc’s dominant services industry and with manufacturing showing further signs of recovery, a ...
Britain’s new vehicle production is expected to decline by 15 per cent in 2025, weighed down by global trade disruption; however, a reversal is expected the next year, industry data showed ...
Sony Group is exploring a sale of its unit that provides cellular chipsets for connected devices, as the group shifts its focus to the entertainment segment, according to three people ...
Nestle (NESN.S) has launched a review of its underperforming vitamins business that could lead to the divestment of some brands, it said on Thursday, after reporting its first-half sales ...
TRON (TRX) traders are increasingly looking beyond the usual suspects as they chase the next generation of decentralized finance (DeFi) opportunities. With gas fees on Ethereum (ETH) rising and Layer 1 ...
Chainlink (LINK) has surged 21% this week as investor interest returns to the DeFi sector. But beneath the surface of established names like LINK, new-generation platforms are quietly building the infrastructure ...
As July draws to a close, one presale is stealing the spotlight—and time is running out. Mutuum Finance (MUTM) is now 90% sold out in Phase 5, raising $13.1 million and attracting ...
The European Central Bank’s (ECB) governing council announced on Thursday that it has decided to keep the three key ECB interest rates unchanged, with inflation currently at the ECB’...
Aircraft engine stands play a practical role in aviation operations. Used to support engines during transportation, storage, and handling, these tools are a key part of the logistics chain that ...
A recent study by the University of Cyprus’ Economics Research Centre (CypERC) has explored the relationship between changes in global commodity prices and domestic inflation in Cyprus.
According to the ...
The environmental authority has approved the demolition of the former Nemitsas foundry in Limassol, paving the way for the construction of a new building for the Deputy Ministry of Shipping.
...
The Russian rouble’s 45 per cent rise against the US dollar since the start of the year has made it one of the world’s best performing currencies – but the ...
Tesla (TSLA.O) shares fell nearly 6 per cent in early trading in Europe on Thursday, after Elon Musk’s electric vehicle maker posted its worst quarterly decline in sales in ...
Microsoft announced in a blog post on Wednesday that certain hackers linked to a cyberespionage operation targeting its SharePoint servers have begun deploying ransomware.
This shift suggests the spying campaign ...
Britain and India are set to formally sign a free trade agreement on Thursday during Prime Minister Narendra Modi’s UK visit, following three years of negotiations. The deal then ...
As the cryptocurrency market enters a new bull phase in 2025, Bitcoin is once again in the spotlight. Increasingly, everyday investors are shifting from “holding and hoping” to more stable, income-generating ...
The European Union collected more than €33 billion in VAT revenue during 2024 through its e-commerce VAT systems, according to new data published this week, underscoring the impact of its 2021 VAT reform ...
Limassol has emerged as the strongest performer for high-end house rentals in Cyprus’ residential property market, while Nicosia recorded the lowest average rents, according to a report released on Wednesday ...
Industrial production in the European Union grew at an average annual rate of 0.6 per cent between 2000 and 2024, according to new data highlighting the modest long-term performance of the sector.
In ...
The Deputy Ministry of Tourism this week announced the launch of the nomination process for the Cyprus Hospitality Awards 2025, a national initiative that recognises and rewards excellence in the tourism ...