Business

The subjective poverty rate in the European Union fell to 17.4 per cent in 2024, an improvement from the rate of 19.1 per cent recorded in 2023, according to figures released on Thursday by ...

The Bank of Cyprus has completed one of the most extensive restructurings in Europe over the past decade, according to a new report by Eurobank Equities. The brokerage issued a ...

The median full-time salary in Britain rose to 39,039 pounds before tax ($52,394) this year, up 4.3 per cent from a year earlier, annual official figures showed on Thursday. The annual increase was ...

JP Morgan has reaffirmed its optimistic stance on Eurobank, suggesting the bank’s recent acquisition of Eurolife FFH’s life insurance operations will significantly boost profitability and returns over the ...

Figures released by Eurostat on Thursday show that labour market slack in the European Union stood at 11.7 per cent of the extended labour force in 2024. This represents 26.7 million people aged 15 ...

Close cooperation between the government and businesses is essential, said Energy Minister George Papanastasiou at the 63rd general assembly of the Limassol Chamber of Commerce and Industry (Evel). This cooperation, ...

The government’s plan to establish a new framework for jointly owned buildings appears to be facing major obstacles, as the five provincial local government organisations (EOAs) have expressed strong ...

The Cyprus Securities and Exchange Commission (CySEC) this week adopted new joint guidelines, requiring financial entities to estimate the aggregated annual costs and losses caused by major Information and Communications ...

Invest Cyprus has been elected Regional Director of the World Association of Investment Promotion Agencies (WAIPA) for Eastern Europe for the 2025–2027 term. The elections took place in Sharjah, United Arab ...

The European Parliament agreed on Wednesday to consider further changes to the EU’s corporate sustainability rules, as the US and Qatar stepped up pressure on Brussels to weaken the ...

British finance minister Rachel Reeves said Brexit along with spending cuts by previous governments had weighed more heavily on the economy than originally thought as she readies a budget likely ...

Cyprus-based ASBISc Enterprises PLC, commonly known as Asbis, this week released its estimated consolidated revenues for September 2025, showing a significant increase in turnover compared to the same period last year. ...

European Central Bank President Christine Lagarde on Wednesday backed German Chancellor Friederich Merz’s call for a single European stock exchange to support European listings and economic growth. “If we ...

While most investors chase hype, a handful of early adopters are quietly sitting on the project they believe will be 25x before 2026 — Mutuum Finance (MUTM). These early backers were quick ...

Netflix shares fell more than 8 per cent on Wednesday, as the streaming giant’s outlook for the coming quarter left investors nonplussed despite a strong line-up of shows that includes ...

Cyprus’s Consumer Price Index remained negative for the fourth consecutive month in September 2025, according to the latest data from the statistical service and the Consumer Protection Service’s Consumer ...

More than 1,300 urban planning and building permits for residences have been approved within the framework of the fast-track licensing measures introduced this October, according to Interior Minister Constantinos Ioannou. Speaking ...

The Bank of Cyprus (BoC) on Wednesday announced that its 6th BoC Fintech Hackathon, held at the IDEA Innovation Centre from October 10–12, 2025, “concluded with resounding success”. According to the announcement, ...

British inflation unexpectedly held steady in September, raising the prospect of a Bank of England interest rate cut this year and offering some relief to finance minister Rachel Reeves ahead ...

Twenty municipalities across Cyprus will follow the precedent set in 2025 for their 2026 budgets, sharing a state grant totalling €117 million. According to a report by Philenews, this grant represents a significant ...

A new partnership between services firm Totalserve and crowdfunding platform Crowdbase aims to strengthen Cyprus’ startup ecosystem by combining expert advisory services with innovative funding options. The collaboration was announced ...

Cyprus and Greece successfully concluded their participation at GITEX Global 2025, with the Cyprus Information Technology Enterprises Association (CITEA) leading both national delegations. Held from October 13 to 17 at the Dubai World ...

The Cyprus Stock Exchange (CSE) on Wednesday announced the admission for listing of 25,000 new 13-Week Treasury Bills of the Republic of Cyprus. These newly listed government bills, which represent the 10...

Paphos has been recognised among the world’s leading sustainable destinations after earning a place in the Top 100 Green Destinations Stories 2025, highlighting its success in fostering green and sustainable growth ...