Business

The Finance Ministry is aiming to reduce public debt to below 60 per cent of GDP by 2026, according to Finance Minister Makis Keravnos. Commenting on the latest International Monetary Fund (IMF) ...

The Cypriot government is in the process of creating a national strategy for cruise tourism, aimed at transforming the island into a prime destination in the Eastern Mediterranean, it emerged ...

Cyprus witnessed an improvement in its economic sentiment in August 2024, according to the University of Cyprus’ Economics Research Centre (CypERC). In a report released this week, the centre noted that ...

Current Eurobank Cyprus CEO Michalis Louis is expected to become the new chief executive officer of Hellenic Bank, it emerged on Tuesday. This appointment comes as part of a broader ...

US single-family home prices fell in June, leading to the smallest annual increase in nearly a year, as higher mortgage rates pushed buyers to the sidelines and boosted housing supply. ...

Ryanair (RYA.I) will cut 20 per cent of its traffic at Berlin-Brandenburg airport, which will result in a loss of 750,000 seats, after the German government and airport did not address ...

British shop prices fell in annual terms this month for the first time since October 2021, pushed down by summer sales of clothes and household goods, a survey showed this week. ...

Nvidia is likely to report on Wednesday that its second-quarter revenue more than doubled. However, investors used to its blockbuster results will be expecting even more from the artificial intelligence ...

Prime Minister Keir Starmer said on Tuesday he would have to take unpopular decisions, raising the possibility of “painful” taxes on the wealthy and spending cuts to try to fix ...

August has seen high occupancy rates at Cypriot hotels, reaching or even exceeding 90 per cent in some cases, according to Hoteliers’ Association (Pasyxe) general director Philokypros Rousounides. Rousounides noted that ...

The Cyprus Consumers Association (CCA) has reported a significant uptick in complaints this summer, primarily targeting airline services, according to the association’s legal officer Virginia Christou. In addition, she ...

Current Eurobank Cyprus CEO Michalis Louis is expected to become the new chief executive officer of Hellenic Bank, it emerged on Tuesday. This appointment comes as part of a broader ...

The Cyprus Real Estate Agents Registration Council this week announced that it will conduct examinations for aspiring new real estate agents on Saturday, 26 October 2024. According to the announcement, these exams ...

Oil prices paused recent advances to trade in a range on Tuesday, after a surge of more than 7 per cent in the previous three sessions, on supply concerns prompted by ...

Limassol-based startup Correctify is aiming to transform Cyprus’ hospitality industry by revolutionising the menu creation process with its innovative AI-driven solution. Launched in 2023 by Marios Simou and his team, the ...

The University of Cyprus’ Economics Research Centre (CypERC) is entering the second phase of its tax reform project, it emerged on Monday, after it had been tasked to come up ...

Mark Schneider, Nestle’s recently ousted CEO, steered the world’s biggest food maker through the COVID-19 pandemic, grew margins despite a subsequent supply chain crunch, and pulled off a ...

Is your boss texting you on the weekend? Work email pinging long after you’ve left for home? Australian employees can now ignore those and other intrusions into home life ...

In eight years of working as a taxi driver in Kenya’s capital, Judith Chepkwony has never seen business this bad. A bruising price war between ride-hailing companies Uber Technologies (...

Some of Britain’s car, home and other insurers are still unable to show they provide good outcomes for consumers, according to the country’s financial watchdog, a year after ...

Finance Minister Makis Keravnos on Monday waved off the notion he might quit over lingering concerns he has regarding the mooted Cyprus-Greece electricity interconnector. Speaking to the ANT1 television channel, ...

The Israeli partners in the consortium holding the concession on the Aphrodite offshore gas reservoir confirmed on Monday that they had received from the Cypriot government a ‘notice of breach’ ...

The government is due to give the thumbs-up on Tuesday to a call for tender for the selection of a project manager for the troubled Vasiliko LNG terminal. The decision ...

British business activity sped up this month and cost pressures were the weakest in over three years, according to a survey that signalled growth momentum going into the second half ...