Business

Building material prices have decreased, according to data released by the Cyprus Statistical Service (Cystat) The Construction Materials Price Index for June 2024 stood at 117.47 points (with 2021 as the base year ...

The Polish airline LOT has announced the resumption of its flights to Larnaca Airport, with four per week during the winter season. According to a press release from the deputy ...

In June, Cyprus’ annual inflation rate, as measured by the Consumer Price Index (CPI), remained steady at 3 per cent, mirroring the previous month’s figure. Notable price increases were observed ...

Euro zone households are applying for loans in growing numbers for the first time in two years as they grow more optimistic about the economy and interest rates fall, a ...

Solutions must be in place to help ship owners with navigating the complex challenges of complying with the new FuelEU Maritime regulations, said Columbia Group. With the introduction of FuelEU ...

Shoppers are likely to spend roughly $14 billion during Amazon’s Prime Day two-day shopping event this week, according to projections from Adobe Analytics, a firm that studies e-commerce transaction data. ...

Global smartphone shipments rose 6.5 per cent in the second quarter, driven by Samsung Electronics and Apple, preliminary data from IDC showed on Monday, but a full recovery in demand is ...

Poland’s antitrust and consumer protection watchdog imposed a fine of 106.6 million zlotys ($27.3 million) on PayPal Europe for failing to spell out to consumers in its contractual clauses activities for ...

Hundreds of ‘trapped buyers’ of property may never receive title deeds, as their purchases are tied to developers’ mortgages on buildings ridden with irregularities. Interior ministry permanent secretary Elikkos Elia, ...

The shipping container market in Fort Worth, Texas, is witnessing significant growth and evolution, catering to an array of industries with diverse needs for storage and transportation. Pelican Containers, a ...

Deputy Minister of Tourism Kostas Koumis is satisfied that the latest figures on tourist arrives indicate they would be at the same levels as 2023, a good year for the industry. ...

Tourist arrivals in Cyprus displayed a slight yet steady increase in June 2024, recording a 5.5 per cent rise to 482,261 compared to 456,985 in the previous year, according to the Cyprus Statistical Service (...

Old and structurally unsafe buildings in mainly urban areas will be demolished and new, modern buildings will take their place through a new government plan. The cabinet approved a plan ...

The Chartered Financial Analyst (CFA) Society Cyprus elected a new board of directors at this week’s AGM. Nikos Potamaris is the new board chiarman, succeeding Andreas Kleanthous, while Konstantinos ...

Solutions must be in place to help ship owners navigating the complex challenges of complying with the new FuelEU Maritime regulations, said Columbia Group. With the introduction of FuelEU Maritime ...

Representatives of Cyprus’ Research and Innovation Foundation (RFI) and the Japan Science and Technology Organisation (JST) recently met in Nicosia to establish collaborations in cutting-edge fields such as artificial intelligence, ...

European aerospace groups Airbus (AIR.PA) and Thales (TCFP.PA) are exploring a tie-up of some space activities as new competition disrupts the sector, two industry sources said. The sources ...

France’s ailing public finances and its 154 billion euros ($168 billion) deficit figure leave the euro zone’s second-biggest economy “dangerously exposed” in case of a new macroeconomic shock, according to ...

The French competition authority confirmed this week that an investigation is underway into chipmaker Nvidia (NVDA.O) over alleged anti-competitive practices. Benoit Coeure, president of the agency, told Reuters on ...

The Central Bank of Cyprus (CBC) has reported a deceleration in the House Price Index (HPI) for houses and apartments in the first quarter of the year 2024. This trend is ...

British recruiters warned of tough hiring market conditions in the near-term as workers avoid switching jobs and employers take longer to fill vacant positions due to economic and political uncertainties ...

Projects worth €141 million are set to transform the Polis Chrysochous area in the coming years, said the mayor Yiotis Papachristofis. Among these developments is the €60m expansion of the harbour ...

Prepare to dive into the forefront of AI technology and explore groundbreaking topics such as running large language models (LLMs) on local machines, mass AI adoption, AI in Rust, and ...

The transport sector has witnessed a decline in turnover, according to the latest data released by the Cyprus Statistical Service (Cystat). The turnover index for transport and storage in the ...