Business

Cyprus saw an increase in the sales of petroleum products during July, which totalled 134,484 tonnes, marking a 4.6 per cent increase compared to July 2023. According to a report released on Tuesday ...

With the rapid growth of global commerce, international payments have become a crucial part of business operations for companies of all sizes. However, with the increase in cross-border transactions comes ...

Chevron on Tuesday confirmed that on August 30, it resubmitted a revised development plan for the Aphrodite gas field to the energy ministry for evaluation. The confirmation comes a day after ...

Globeducate, one of the world’s leading K12 education groups, this week announced the acquisition of Cypriot educational group Olympion. This notable group of private Greek schools, situated near Nicosia, ...

The European Court of Auditors on Tuesday raised concerns about the slow absorption of the Recovery and Resilience Facility (RRF) funds across the European Union, warning of potential risks to ...

European Central Bank policymakers are increasingly at odds on the outlook for growth, a rift that could shape the rate cut debate for months with some fearing a recession and ...

Cypriot startup Placy has secured €1 million in pre-seed funding, according to an announcement released on Tuesday. The company provides an AI-powered virtual companion that aims to reshape how real estate ...

Saudi Arabian Transport Minister, Saleh Bin Nasser Al-Jasser, on Monday visited DP World Limassol’s general cargo and cruise terminal, where he discussed avenues for further cooperation in areas of ...

British lenders approved the highest number of mortgages in July since the start of the “mini-budget” crisis in 2022 under former Prime Minister Liz Truss, according to Bank of England data ...

Turkey’s economy expanded by a less-than-expected 2.5 per cent in the second quarter of the year, data showed this week, cooling in the face of a year-long monetary tightening drive. ...

Turkish state energy company Botas and British oil major Shell (SHEL.L) will sign a long-term LNG agreement on Monday, the Turkish Energy Ministry said. It said Energy Minister Alparslan ...

Saudi Arabian Transport Minister, Saleh Bin Nasser Al-Jasser, on Monday visited DP World Limassol’s general cargo and cruise terminal, where he discussed avenues for further cooperation in areas of ...

The Cypriot economy grew by 3.6 per cent in the second quarter of 2024, compared to the same period in 2023, according to a report released this week by the Cyprus Statistical Service (...

The government is in talks with a number of stakeholders over the Great Sea Interconnector project, with a key aim of ensuring reduced electricity prices to the public, President Nikos ...

The Bank of Cyprus completed approximately 41 per cent of its maximum share buyback programme value by the end of August, according to an announcement by the bank. The announcement noted ...

The updated development plan for the Aphrodite gas field is moving “in the right direction” President Nikos Christodoulides said on Monday, while sources suggested the government would be issuing its ...

British government plans to increase a windfall tax on North Sea oil and gas producers would lead to a nearly 12 billion pound ($16 billion) drop in revenue to the state and ...

Cyprus’ retail sector experienced growth in July, according to a report released on Monday by the Cyprus Statistical Service (Cystat). According to the report, the retail trade turnover value index ...

Oil prices extended losses on Monday on expectations for higher OPEC+ production starting in October and as signs of sluggish demand in China and the US, the world’s two ...

The right of a person seeking implementation and specific performance of an agreement concerning a contract of property sale, exchange, assignment, consideration or distribution can be safeguarded by a written ...

The European Central Bank would be “wise” to deliver another interest rate cut in September, French policymaker Francois Villeroy de Galhau said, warning there was a risk of undershooting its ...

The European Researchers’ Night, under the motto “Mission Possible,” drew thousands of visitors to the Cyprus state fair on September 27, offering an insight into research, innovation, and science. Organised by ...

Cyprus’ Industrial Producer Prices Index (PPI) experienced a 0.9 per cent increase in July 2024 compared to the previous month, reaching 124.2 points, according to a report from the Cyprus Statistical Service (Cystat). ...

By George Markides, George Kassinis, Andreas Soteriou Over the past two decades, financial technology (FinTech) has transformed the established financial sector by introducing more efficient and innovative methods of providing ...