Business

Credit rating agency Moody’s on Tuesday upgraded the long-term deposit ratings of the Bank of Cyprus to A3 from Baa1, reflecting continued strengthening of the bank’s financial position. ...

The Cyprus Real Estate Agents Registration Council recorded 125 convictions for illegal real estate brokerage in 2024, according to an announcement released on Tuesday. The number of convictions, the council explained, “reinforces ...

Commissioner for Gender Equality Josie Christodoulou said this week that substantial equality between men and women in all areas of work is not only fair, but also necessary. During a ...

For Australians managing their own super funds through an SMSF, investment strategy often centres on tax outcomes, autonomy, and long-term returns. But freight costs in SMSF portfolios are rarely considered ...

Residential properties in Cyprus sold under foreclosure in the final quarter of 2024 lost significant value, with six primary residences auctioned off at an average discount of 26.7 per cent from their ...

The Industrial Turnover Index in Cyprus continued its upward trend in February 2025, reflecting positive momentum across several key sectors of the economy. According to data released, the index reached 130.4 units, ...

Limassol businesses are still grappling with staffing shortages, rising costs and red tape, according to the latest business barometer published this week by the Limassol Chamber of Commerce and Industry (...

Volkswagen’s premium brand Audi on Monday kept its full-year guidance, with the caveat that any impact from US tariffs was not included, after its first-quarter revenue rose 12.4 per cent ...

With market momentum gradually returning, investors are once again turning their focus to early-stage projects with long-term potential. One name climbing the radar is Mutuum Finance (MUTM) — a DeFi protocol ...

President Nikos Christodoulides on Monday described his official visit to Israel over the weekend as “completely successful” covering issues including the India-Middle East-Europe Economic Corridor and the Great Sea Interconnector. ...

Work on the second phase of development at Larnaca and Paphos airports is officially underway, with the projects expected to boost the combined annual capacity of the two hubs to ...

With early-stage tokens continuing to draw attention in 2025, there’s growing interest in projects that go beyond trend cycles and focus on real-world applications. One of the newer names emerging ...

As companies across various sectors embrace digital transformation, one challenge consistently emerges: finding the right balance between security and customer experience. A seamless, intuitive identity verification (IDV) process can enhance ...

A profound transformation is reshaping London’s commercial real estate market, with sustainability emerging as a key determinant of property value. Industry experts suggest that as top ESG credentials become ...

Turkish monthly inflation climbed to 3 per cent in April, data showed on Monday, partly due to a plunge in the value of the lira following the arrest of President Tayyip ...

Berkshire Hathaway (BRKa.N) shareholders mourning the departure of legendary investor Warren Buffett anticipate the conglomerate he built over 60 years will retain its long-term focus and culture but worry about ...

Oil prices fell more than 2 per cent on Monday after OPEC+ decided over the weekend to further speed up oil output hikes, spurring concerns about more supply coming into a ...

The total value of all real estate transactions in Cyprus reached a record-high €5.71 billion in 2024, reflecting a modest one per cent increase compared to 2023, according to a report released on ...

The European Union will on Tuesday announce a roadmap to phase out the bloc’s remaining gas ties with Moscow, but in the absence of sanctions it will be difficult ...

US President Donald Trump’s tariffs are increasingly clogging up the wheels of a world economy which for decades were greased by predictable and relatively free trade. Big-name multinationals right ...

Paphos is no longer simply a coastal, tourist destination. In 2024, Ask Wire logged 4,853 property transfers worth €1.19 billion, an all-time high and about 30 per cent above the pre-pandemic peak. Foreign capital ...

The middle class in Cyprus faces seven deep pressures. Each limits your earnings, security or mobility. Technology can ease each burden. Yet no tool can replace strong political will. Without ...

Cyprus’ banking sector has undergone a profound transformation since the 2013 financial crisis, marked by sweeping consolidation, branch closures, and a rapid shift towards digital banking. Since 2013, several key players have ...

The recent electricity blackout in Spain and Portugal may have been caused by a combination of rare atmospheric vibrations, high renewable energy production, and low system inertia, according to Andreas ...