Business

Cyprus posted a historically high surplus of €1.42 billion between January and November 2024, equivalent to 4.2 per cent of GDP, according to preliminary data from the Cyprus Statistical Service (Cystat). This marks ...

UK investors added a record 27.2 billion pounds ($34 billion) to their stock holdings in 2024, funds network Calastone said on Wednesday, as a surge in investments in index-tracker funds dominated. The net ...

OPEC oil output fell in December after two months of increases, a Reuters survey found, as a drop from the United Arab Emirates due to field maintenance and from Iran ...

Israeli cybersecurity firms raised $4 billion in 2024, more than double that of 2023, led by firms seeking to protect the cloud along with a surge in artificial intelligence, global venture capital firm ...

Sterling slid for a second day on Wednesday against a generally firmer US dollar, despite British long-term borrowing costs sitting at around their highest since 1998. Solid US data on Tuesday ...

Cyprus posted a historically high surplus of €1.42 billion between January and November 2024, equivalent to 4.2 per cent of GDP, according to preliminary data from the Cyprus Statistical Service (Cystat). This marks ...

The Cyprus Investment Funds Association (CIFA) on Wednesday released a statement saying that it views 2025 “as a year of strategic growth and opportunity in the investment funds sector”. “Cyprus’ investment ...

Hong Kong investor Balram Chainrai has increased his stake in Agros Development Company ‘Proodos’ Public Ltd, the owner of the Rodon hotel in Agros. On January 7, Chainrai purchased an additional 319 ...

Nicosia and Larnaca led the way in Cyprus’ property market in 2024, driving a 1.5 per cent overall increase in sales documents compared to the previous year, according to data from the ...

The Cyprus Chamber of Commerce and Industry (Keve) this week released a statement praising the country’s labour market performance in 2024. The chamber highlighted the significant uptick in employment rates ...

Major central banks in December delivered their biggest policy easing push since the spring 2020 COVID rate-cutting frenzy, with the latest moves making the annual 2024 easing effort the biggest in 15 years ...

The Central Bank of Cyprus (CBC) reported on Tuesday a decline in most deposit and lending rates in November, except for loans to non-financial corporations exceeding €1 million, which recorded an ...

The Economic Sentiment Index (ESI) in Cyprus recorded a modest improvement in December 2024, rising by one point compared to November, according to the Economics Research Centre of the University of ...

The volume of global crude exports in 2024 declined 2 per cent, the first fall since the COVID-19 pandemic, shipping data showed, due to weak demand growth and as refinery and pipeline ...

British house prices dropped unexpectedly last month for the first time since March although they finished the year higher than in December 2023, figures from mortgage lender Halifax showed on Tuesday. ...

The Economic Sentiment Index (ESI) in Cyprus recorded a modest improvement in December 2024, rising by one point compared to November, according to the Economics Research Centre of the University of ...

Cyprus’ international investment position (IIP) showed slight improvement during the third quarter of 2024, according to a report released this week by the Central Bank of Cyprus (CBC). The IIP recorded ...

By Angeliki Koutantou, Forrest Crellin and Edward McAllister For Athens restaurant owner Christos Kapetanakis, rent has always been high, but now he faces what he calls “a second rent” as ...

The year 2024 saw a significant shift towards conditions of full employment and 2025 will focus on pension reforms and the cost-of-living allowance, Labour Minister Yiannis Panayiotou said on Tuesday. Speaking after ...

The crypto market is setting up grounds for a new bull cycle as Bitcoin (BTC) nears the $100K range again. Other altcoins like Ripple and HBAR are also closely following, ...

A total of 12,382 individuals were registered as unemployed at the end of December 2024, according to a report released on Tuesday by the Cyprus Statistical Service (Cystat). The seasonally adjusted figures ...

Cypriot retailers are gearing up for a wave of winter sales starting this week, following a robust holiday shopping season. While there is no formal or set sales period, it ...

Cyprus has made significant strides in its journey towards digital transformation and green innovation in 2024, primarily by leveraging €1.2 billion from the European Recovery and Resilience Plan. This substantial investment is ...

Cyprus further solidified its position in the global satellite industry in 2024, with the launch of its fifth telecommunications satellite by Overhorizon, a company with Swedish ties. This marks another significant ...