Business

Scope Ratings has upgraded Cyprus’ long-term issuer and senior unsecured debt ratings to A- from BBB+, signalling a notable milestone as the country’s first A-level rating from a major ...

Cyprus has marked the best nine months ‘of all time’ in tourism this year, according to Deputy Minister of Tourism Costas Koumis. Making statements at the opening of the Cyprus ...

The Central Bank of Cyprus reported on Friday that total loans in Cyprus increased by €107.3 million in September, reversing a decline recorded in the previous month. This growth was primarily ...

By Charles Ellinas Finally, some good news about the beleaguered LNG import project in Cyprus. Energy Minister Giorgos Papanastasiou confirmed in parliamentary hearings that an agreement has been reached with ...

Cyprus’ Composite Leading Economic Index (CCLEI), maintained by the University of Cyprus’ Economics Research Centre (CypERC), recorded a year-on-year increase of 1.1 per cent in September 2024. This follows annual growth rates ...

The European Union, rushing to develop a 9 million euro joint purchasing mechanism for critical minerals and energy, is choosing between eight bidders vying to develop a platform, documents showed and ...

Amazon.com (AMZN.O) is imposing severe price caps on what merchants can charge for their products on a new low-cost storefront that the e-commerce giant is preparing to launch, ...

Robinhood recently launched its long-awaited desktop platform and added futures and index options trading features to its mobile app, as the fintech firm aims to take market share from traditional ...

IBM (IBM.N) released the latest version of its artificial intelligence models catered towards businesses this week, looking to capitalize on the surge in enterprises adopting generative AI technology. “Granite 3.0” ...

The Cyprus Consumer Protection Service on Friday reported that inflation in September rose by 0.7 per cent year-on-year. Agricultural products saw a month-on-month increase of 3.1 per cent, while a 4.78 per cent ...

As the cryptocurrency market is volatile, trends are changing in the blink of an eye. While established tokens like Dogecoin (DOGE) have enjoyed their time in the spotlight, a new ...

The Cyprus Stock Exchange (CSE) and Invest Cyprus, the country’s official investment promotion agency, signed a Memorandum of Understanding (MoU) on Friday. According to a joint statement from the ...

Cyprus’ Composite Leading Economic Index (CCLEI), maintained by the University of Cyprus’ Economics Research Centre (CypERC), recorded a year-on-year increase of 1.1 per cent in September 2024. This follows annual growth rates ...

Greece’s BBB- economy is set on a positive path, with public debt reduction, banking resilience, and structural reforms driving a forecasted debt-to-GDP decline, according to German-based Scope Ratings. In ...

The Bank of Cyprus’ compliance team has received significant recognition from the Association of Compliance Officers in Greece, according to an announcement released this week. The Compliance Awards ceremony took ...

Cyprus introduced its first zero-emission vessel, Evploia Aphrodite, at Larnaca Marina this week, with the support of Deputy Shipping Minister Marina Hadjimanolis. Evploia Aphrodite, developed by the Cyprus Marine and ...

As Black Friday approaches, the shopping frenzy ramps up. Retailers offer jaw-dropping discounts, and customers flood online stores to score deals. But once the checkout is complete and the excitement ...

The Interior Ministry this week highlighted a rising demand for apartments, linking this trend with the number of people who have utilised housing assistance provided by revised support schemes. This ...

Cypriot firm Embio Diagnostics on Friday announced that it recently represented the country at GITEX Global 2024, one of the world’s most prestigious technology and startup expos. According to the ...

The Cyprus Securities and Exchange Commission (CySEC) announced on Friday that it regards its active participation in this year’s World Investor Week (WIW) 2024 as a “complete success.”This global ...

Eurozone business activity stalled again this month, remaining in contractionary territory as demand from both home and abroad fell despite firms barely increasing their prices, a survey showed this week. ...

Cyprus investment promotion agency, commonly referred to as Invest Cyprus, on Thursday announced the signing of a memorandum of understanding (MoU) with Invest Paraná, the investment promotion agency of the ...

British businesses reported their slowest growth in 11 months in October and hiring shrank for the first time this year as uncertainty ahead of the Labour government’s first budget dampened ...

Barclays (BARC.L) reported a forecast-beating 18 per cent rise in third-quarter profit on Thursday, as slower than expected interest rate cuts and upbeat investment banking prospects helped it raise its ...