Business

The latest State Aid Scoreboard from the European Commission, published by the Centre of International and European Economic Law (CIEEL), shows a significant reduction in state aid expenditures reported by ...

The PwC Foundation on Tuesday detailed the various initiatives under its youth entrepreneurship pillar, aimed at bolstering young entrepreneurial talents and supporting community projects across Cyprus. These efforts include continuing ...

Private renewable energy (RES) companies are trying to squeeze the electricity authority (EAC) out of the running, the authority’s chairman said on Tuesday. Giorgos Petrou made his statements to ...

Cyprus experienced a 2.4 per year-on-year cent increase in the Harmonised Index of Consumer Prices (HICP) in July 2024, compared to the same month of the previous year. The HICP, a key ...

The final discussion on the 2025 state budget is expected to take place in mid-September during a Cabinet meeting, according to Finance Minister Makis Keravnos. Speaking to the Cyprus News Agency (...

The dollar wobbled near a seven-month low on Tuesday on wagers the US central bank will start cutting interest rates from next month, with traders bracing for comments from Federal ...

Oil prices edged lower on Tuesday as Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, helping ease concerns over supply disruptions in the Middle East. ...

Hedge funds sold industrial stocks at the fastest pace since December, while buying energy stocks for the fourth straight week last week, a Goldman Sachs note seen by Reuters on ...

The Bank of Cyprus on Monday announced that it will hold an extraordinary general meeting (EGM) on September 13 to approve its listing on the Athens Stock Exchange (ASE) and to ...

British estate agents have seen a pick-up in demand from buyers since the Bank of England’s decision on Aug. 1 to begin cutting interest rates from a 16-year high, property ...

South Korean artificial intelligence chip makers Rebellions Inc and Sapeon Korea Inc have signed a definitive merger agreement, the privately held companies announced. They announced merger negotiations in June. The ...

Independent energy producers on Monday accused the Electricity Authority of Cyprus (EAC) of keeping a chokehold on competitors by placing obstacles in the way of the full opening up of ...

The Cyprus Stock Exchange (CSE) has announced the suspension of trading for several listed companies on both the Regulated Market and the Emerging Companies Market, due to their failure to ...

A total of 551,229 tourists visited Cyprus in July 2024, marking a rise of 5.3 per cent from the 523,718 visitors recorded in the same month last year, according to a report released on ...

The Frederick Research Center, in collaboration with the Cyprus Energy Regulatory Authority (CERA) and Electi Consulting Ltd, is developing an online platform for managing green energy usage at ports. According ...

Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months to 20 per cent from 25 per cent following the latest weekly jobless claims ...

The Bank of Cyprus on Monday announced that it will hold an extraordinary general meeting (EGM) on September 13 to approve its listing on the Athens Stock Exchange (ASE) and to ...

Cooperative banks are set to make a comeback, with regional meetings to inform the public scheduled for October, during which people will be able to sign up. Learning from the ...

A total of 6.6 million passengers travelled through Cyprus’ airports between January and July this year, according to airport operator Hermes Airports. In addition, the company said that it expects the ...

Co-owners must share the costs of dividing their land according to their share Co-owners should find solutions for the development, division or sale of their property and avoid disputes that ...

Cargo ships and cruise liners may soon be harnessing the power of wind and waves to reduce their carbon emissions thanks to EU-funded researchers. By Tom Cassauwers In August 2023, a ...

Egyptian Mohannad Abdelazeem, 35, doesn’t drink alcohol. But he does consume three or four cans per day of Moussy and Fayrouz – alcohol-free beers. Brewers including Carlsberg and Anheuser-Busch InBev (ABI....

Bitcoin miner Riot Platforms (RIOT.O) has announced it had increased its stake in rival Bitfarms (BITF.TO) to 18.9 per cent. Riot acquired 1 million common shares of Bitfarms on August 13, ...

Cisco Systems (CSCO.O) has announced that it is witnessing rebounding demand for its networking equipment and announced a 7 per cent cut in its global headcount to focus on high-growth ...