Business

Employment in Cyprus experienced a 2.2 per cent increase in the third quarter of 2024 compared to the corresponding period in 2023. According to data published by the Cyprus Statistical Service (Cystat) on ...

Cyprus has intensified its efforts to expand its Research and Development (R&D) landscape through a recent visit to Indonesia. Chief Scientist Demetris Skourides and Ambassador Nikos Panagiotou held ...

The Energy Ministry is offering a second chance for small and medium-sized enterprises (SMEs) and non-profit organisations to secure funding through the ‘Save – Upgrade’ scheme. This initiative, backed by the ...

The Research and Innovation Foundation (RIF) on Friday announced the launch of ‘Boost,’ a new blended finance scheme. The new scheme is designed to support certified innovative companies in Cyprus ...

The Bank of Cyprus on Friday outlined a range of initiatives designed to ease the financial strain on customers in the face of market interest rate volatility. In its announcement, ...

Shell (SHEL.L) and Norway’s Equinor (EQNR.OL) will merge their British North Sea assets to form the ageing basin’s largest oil and gas company, the pair said ...

The turnover index for Cyprus’ industrial sector rose by 1.3 per cent in September 2024, when compared to the same month in 2023, according to the state’s statistical service. Over the first ...

Cyprus has revamped its planning and building permit system, cutting approval times to just 40 working days for small-scale developments, Interior Minister Constantinos Ioannou announced this week. The reforms target low-risk “...

British employees whose health deteriorates are four times more likely to drop out of the labour market if they have little or no flexibility over their working conditions, according to ...

New battery electric vehicle (BEV) sales in UK rose 58 per cent in November, marking the eleventh straight month of growth, industry data showed, driven by deep discounts to meet government-mandated ...

The world economy is set for steady growth in the next two years if resurgent protectionism does not derail a recovery in global trade, according to the the Organisation for ...

The Electricity Authority of Cyprus (EAC) provided an update on Thursday regarding its modernisation efforts, cautioning that electricity prices will not significantly decrease without the introduction of natural gas. EAC ...

Top App Games, a mobile game developer headquartered in Cyprus, has secured $10 million in funding to bolster its hit strategy RPG, Ludus: Merge Arena, and to spearhead the development of ...

The head of a U.S. Senate panel harshly criticised rising airline fees for luggage and seat assignments, saying carriers are looking for new ways to extract more money from ...

The Christodoulides administration has prioritised addressing climate change with targeted actions, a commitment echoed by Cyprus’ tourism industry, Deputy Minister Costas Koumis said on Thursday. Koumis’ comments were delivered during ...

Inflation in Cyprus increased to 1.5 per cent in November 2024, compared to November 2023, the statistical service reported on Thursday. This follows significant declines in September and October, when it stood at 0.7 ...

The Cyprus Shipping Chamber (CSC) on Thursday announced that it will host its first-ever ‘Love Shuttle’ on Sunday, December 8, at the Limassol pier. The event celebrates the chamber’s 35th ...

The 2024 FIDE World Rapid & Blitz Championships, one of the most prestigious chess events in the world, will debut in New York City’s financial district on December 26. This year, ...

Cyprus has revamped its planning and building permit system, cutting approval times to just 40 working days for small-scale developments, Interior Minister Constantinos Ioannou announced this week. The initiative is part ...

Cypriot DIY retail chain Superhome Centre is set to change ownership in a €94 million deal, it emerged this week. The prospective buyer is reportedly a billionaire investor of Greek descent, ...

Opposition party Akel is bent on taxing banks’ historically high profits on Thursday, while critics argue the move intended to effect social justice is misguided. Member of the House finance ...

Cyprus continues to offer some of the lowest deposit interest rates in the eurozone, according to data published this week by the European Central Bank (ECB). The report revealed that ...

CySEC officer Elena Karkoti on Thursday highlighted the ongoing issue of underrepresentation of women on corporate boards and in leadership roles. She described this phenomenon as “a profound social and ...

Cyprus is stepping up as a leading destination for international investment, president Nikos Christodoulides said on Wednesday. Speaking at the ‘EY Cyprus Attractiveness Forum 2024,’ the president outlined the government’s ...