Business

Moody’s Ratings announced on Thursday that it has upgraded the Bank of Cyprus’ long-term deposit ratings to Baa1 from Baa3, changing the outlook to stable from positive. According to ...

Any company’s first concern is building trust with its clients; in the context of crypto transactions, openness is essential for developing and preserving this confidence. Blockchain technology’s distributed ...

Energy Minister George Papanastasiou is on Thursday expected to take delivery of a cost-benefit analysis for the Great Sea Interconnector project. The analysis is set to be handed over by ...

The trade deficit in Cyprus for the period of January to May 2024 stood at €3.12 billion, reflecting a decrease of 16.5 per cent compared to €3.73 billion during the same period in 2023, according ...

Cypriot lender Hellenic Bank has signed an agreement to acquire insurance provider CNP Cyprus, according to an announcement made by the bank on Wednesday. The announcement stated that the consultation ...

The prospect of near-term interest rate cuts is bolstering the case for investors to remain bullish after a run in US stocks that may soon be tested by upcoming corporate ...

Ether might be coming close to its moment in the sun. The world’s No.2 cryptocurrency has remained in the wings this year as big brother bitcoin soared to all-time ...

Meta Platforms’ (META.O) newest social media offering Threads has over 175 million monthly active users, according to a report by CEO Mark Zuckerberg, published a year after it first launched. ...

German insurers expect to see a lower increase in premium income this year, the German Insurance Association (GDV) said this week, as the life insurance business struggles with a delayed ...

European Commissioner for International Partnerships Jutta Urpilainen discussed the philosophy underpinning the European Union’s strategy for international development, known as the Global Gateway, during an interview with the Cyprus ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday released its quarterly bulletin, revealing that the number of Management Companies and Undertakings of Collective Investments (UCIs) under its supervision remained ...

The environmental authority has recently approved the construction and operation of a substantial residential development within plot B of the Limassol Greens golf resort. This project, part of a larger €500 ...

Christos Panayides has been re-elected as secretary general of the bank employees’ union Etyk, following the formation of a new board of directors. According to an announcement released this week, ...

Cypriot lender Hellenic Bank has signed an agreement to acquire insurance provider CNP Cyprus, according to an announcement made by the bank on Wednesday. The announcement stated that the consultation ...

Demetra Holdings increased its investment value in Hellenic Bank (HB) during the first half of 2024, according to the company’s latest investment statement. The statement showed that by the end ...

Digital payments have a significantly smaller environmental impact compared to cash transactions, according to a report by the European Digital Payments Industry Alliance (EDPIA). The study, conducted by Oxford Economics, ...

The Cyprus Borrowers Association (Syprodat) this week issued a stark warning about the mounting financial pressures faced by households, borrowers, and businesses due to high prices, rising interest rates, and ...

Inflation in Cyprus, excluding increases in excise taxes, fell by 0.32 per cent in the first half of 2024, when compared to the previous six months, spanning the period between July and ...

The Cyprus Chamber of Commerce & Industry (Keve) has announced that the EU-Japan Centre for Industrial Cooperation is organising its inaugural mission to Japan, specifically targeting the smart factory and ...

The Central Bank of Cyprus (CBC) presented the benefits of the planned digital euro at a press conference on Tuesday, while also providing details on the efforts being made behind ...

Investor morale in the eurozone broke an eight-month streak of improvements with a bigger-than-expected decline in July, a survey showed this week, describing the results as a “bitter setback”. Sentix’...

Carlsberg (CARLb.CO) has agreed to buy British soft drinks maker Britvic (BVIC.L) for 3.3 billion pounds ($4.23 billion), a move the Danish brewer said would forge a UK beverage “powerhouse” ...

German exports fell more than expected in May, due to weak demand from China, the US and European countries, data from the federal statistics office showed this week. Exports fell ...

Civil service trade unions on Tuesday rejected the recommendations of the International Monetary Fund (IMF), which had called for the rationalisation of salary scales and expenditures related to the state ...