Business

The Central Bank of Cyprus (CBC) has revised its GDP growth forecast for 2024 upwards by 0.2 percentage points, now expecting growth of 3.7 per cent. The revision is attributed to stronger domestic ...

The Central Bank of Cyprus (CBC) on Friday announced the launch of a comprehensive licensing and supervisory strategy aimed at enhancing oversight and governance of electronic money institutions and payment ...

Cyprus’ adoption of the 15 per cent minimum tax for multinationals entails both challenges and opportunities, according to Stelios Violaris, Tax Advisory Services Partner at PwC Cyprus. Violaris also highlighted the ...

Passengers passing through Cyprus’ airports in Larnaca and Paphos reached a record high on Friday, with traffic exceeding 12 million passengers, as was predicted earlier in the week. “This important achievement ...

Premium real estate developer is revolutionising workspaces in Cyprus, with the launch of a pioneering office hub, designed for the future, with quality and sustainability at its core. Tor Properties ...

The workforce in Cyprus’ broader public sector totalled 73,137 employees in the third quarter of 2024, according to a report released this week by the Cyprus Statistical Service (Cystat). For the first ...

Invest Cyprus on Thursday announced that it has being re-elected to the board of the ANIMA Investment Network. Invest Cyprus CEO Marios Tannousis, stated that “our re-election to the ANIMA ...

The world’s economic reckoning with the incoming Trump administration kicked off in earnest this week, with the US Federal Reserve flagging fewer rate cuts, a resignation in Canada over ...

Morgan Stanley (MS.N) has hired fund manager Abdulrahman Al-Abdulla as head of its business in Qatar, as the Wall Street bank continues its expansion in the region and tries ...

British house prices are set to grow by up to 3 per cent next year as property remains in short supply across much of the country and new home building has ...

The Financial Conduct Authority (FCA) is giving customers who struck historic finance deals to lease motor vehicles additional time to complain about commission payments, widening a review that could lead ...

A French company has agreed to buy a significant stake in the Great Sea Interconnector project, media reports said on Thursday. Bloomberg broke the story, naming the company as Meridiam ...

A dovish message from the Bank of England on Thursday dented the outlook for sterling, one of the year’s best performing major currencies against the dollar, while bringing a ...

The central bank of the United Arab Emirates cut its base rate applied to the overnight deposit facility by 25 basis points on Wednesday, from 4.65 per cent to 4.40 per cent, effective ...

Central banks from Brazil to Indonesia scrambled to defend their struggling currencies on Thursday, hours after the Federal Reserve jolted markets by indicating it may not cut rates by much ...

Forecasts for the next major cryptocurrency breakthrough abound in cryptocurrency markets, and this time, Ripple (XRP) is not on the front stage. Rexas Finance (RXS), a fresh competitor, is hailed ...

Invest Cyprus on Thursday announced that it has being re-elected to the board of the ANIMA Investment Network. Launched in 2006 within the framework of the Barcelona Process-Euromed partnership, ANIMA has ...

State-owned asset management company Kedipes has repaid €1.47 billion in state aid since the start of its operations in September 2018, according to an announcement released on Thursday. This includes €310 million repaid ...

The Cabinet this week approved measures to expand labour market access for students and attract skilled professionals from abroad. These initiatives aim to address growing employment demands and boost economic ...

The cryptocurrency landscape constantly shifts as investors seek the next big breakout. While heavyweights like Shiba Inu (SHIB) and Worldcoin (WLD) remain popular, their recent performance suggests they might be ...

Over the years, the crypto space has seen explosive growth stories, like how meme coins made early investors wealthy with the help of Shiba Inu (SHIB) or how Cardano (ADA) ...

Oil prices fell in Asian trade on Thursday after the US Federal Reserve signalled it would slow the pace of interest rate cuts in 2025, which could hurt economic growth and ...

The Cyprus Banking Association on Thursday confirmed that banks will announce their decisions on interest rate and fee reductions by the end of the week. Spokesman Andreas Kostouris told state ...

The Bank of England looks set to hold interest rates at 4.75 per cent on Thursday, despite signs of a slowing economy, as persistent inflation pressures limit it to a “gradual” ...