Business

Energy regulators in the EU have raised concerns that the slow rollout of smart meters is hindering the electricity system’s flexibility, according to Andreas Poullikas, chairman of the Cyprus ...

European Union lawmakers on Tuesday approved the bloc’s plan to use frozen Russian central bank assets to loan up to 35 billion euros to its ally Ukraine. The European Parliament ...

Have the Houthi attacks significantly affected the Cyprus shipping industry? What are the measures that have been taken in order to preserve freedom of navigation? In the Red Sea, freedom ...

Hellenic Bank has announced the launch of new and upgraded service points designed to bring innovation to banking transactions. The new branches, equipped exclusively with advanced ATMs, will be located ...

Cyta this week unveiled its new corporate identity, emphasising technological innovation and a customer-centric approach. During an event at the Cyprus Planetarium on October 21, the company showcased its renewed philosophy, ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday released a statement requiring Cyprus Investment Firms (CIFs) to adopt the European Banking Authority (EBA) guidelines on the application of the ...

The Republic of Cyprus is expected to secure a new loan in 2025 to repay the first instalment of a €6.3 billion loan received from the European Stability Mechanism (ESM). This projection ...

A deal regarding the delivery of the floating storage and re-gasification unit (Fsru) that is part of the liquefied natural gas (LNG) project at Vasiliko has been reached by the ...

The International Air Transport Association (IATA) has reported a significant increase in global passenger demand, with its chief, Willie Walsh, cautioning that this surge could soon lead to an infrastructure ...

Registration for the 2024-2025 European Statistics Competition will take place from October 21 to November 19, according to an announcement from the Press and Information Office (PIO). The office explained that the ...

Significant external and internal risks to the economy were highlighted by Finance Minister Makis Keravnos on Monday during the presentation of the 2025 state budget at the House finance committee. Despite ...

War, inflation and Britain’s departure from the European Union led to a 17 per cent fall in job vacancies in London’s financial services sector in the third quarter versus ...

Asking prices for British homes rose only marginally in October as more properties came onto the market, according a survey on Monday that also suggested some buyers were waiting for ...

The government is “evaluating” its options regarding the future of the electricity subsidy ahead of its currently scheduled expiry at the end of this month, spokesman Konstantinos Letymbiotis said on ...

Significant external and internal risks to the economy were highlighted by Finance Minister Makis Keravnos on Monday during the presentation of the 2025 state budget at the House finance committee. Despite ...

Opposition Disy on Monday called for a “holistic” approach to tackling the problem of affordable housing, while for its part the government promised more programmes to help young people get ...

Global stocks kicked off the week on the back foot on Monday, after strong gains last week, while increasing bets on Donald Trump winning the looming US presidential election helped ...

Located on Cyprus’ stunning western coastline, the scenic area of Paphos represents a unique blend of natural beauty, ancient heritage and modern comforts. Offering everything from breathtaking sea views to ...

Navigating wealth management for high-net-worth individuals requires more than just basic financial advice. It’s about crafting a strategy that not only protects but also grows your assets, balancing risks ...

Illicit cigarette consumption in Cyprus remains a pressing issue, accounting for 11 per cent of the total market, according to KPMG’s 2023 independent report for Philip Morris International. While this marks ...

Global finance chiefs will gather in Washington this week amid intense uncertainty over wars in the Middle East and Europe, a flagging Chinese economy and worries that a coin-toss US ...

Oil prices edged up in Asian trading on Monday, following a more than 7 per cent drop last week on worries about demand in China, the world’s top oil importer, ...

A significant share of Cypriot wealth continues to languish in low-interest bank deposits, despite alternative investment options, according to senior investment specialist at Athlos Capital Phanos Vladimirou. He also attributed ...

New home sales in Cyprus reached €1.9 billion during the first nine months of 2024, according to a report from Nicosia-based firm Landbank Analytics. According to the report, this figure represents a 25 ...