Business

President Nikos Christodoulides met with Eni CEO Claudio Descalzi in Nicosia on Tuesday, where they discussed prospects over gas findings. According to government spokesman Konstantinos Letymbiotis, the two reviewed the ...

Large numbers of Cypriots are spending the Easter holidays abroad, data from the travel agents’ association showed on Tuesday. The picture emerging from the first four months of the year, ...

The Cyprus general government generated a surplus of €45.1 million during the final quarter of 2023, compared to a surplus of €29.2 million in the same period of 2022, according to a report released ...

Household debt in Cyprus stood at 66 per cent of Gross Domestic Product (GDP) at the end of 2023, while corporate debt reached 133 per cent of GDP, according to the Central Bank ...

Cyprus residents’ spending on travel abroad reached €1.39 billion in 2022, marking a significant bounce-back year for travel compared to 2021, when pandemic restrictions were still heavily impacting global mobility. According to data ...

The Cyprus Real Estate Agents Registration Council released a statement on Tuesday expressing support for a new government bill related to the frequency of property valuations, saying that this will ...

The Public Debt Management Office (PDMO) released its annual report for 2023 on Tuesday, stating that the robust cash reserves of the Republic of Cyprus are expected to support the government ...

Agriculture Minister Maria Panayiotou called for an increase in the de minimis threshold regarding state aid in agriculture to €50,000 per single enterprise during the EU Agriculture and Fisheries Council, which ...

Total sales of petroleum products in Cyprus amounted to 108,200 tonnes in March, marking a decrease of 3.2 per cent compared to the same month of the previous year, according to a ...

The Industrial Production Index in Cyprus experienced an increase of 6.7 per cent year-on-year in February, reaching 103.4 points, with 2021 acting as the base year with a value of 100 units, according to ...

The value of research and development undertaken in Britain each year could be more than 20 per cent higher than estimates currently show, early findings from a revamped Office for National ...

The Nicosia tourism development board (Etap) will play a central role in a ground-breaking initiative aimed at sustainable hospitality education across Europe, the company announced on Monday. In a press ...

International credit rating agency Moody’s has given a positive assessment on the mooted move by Hellenic Bank to acquire the operations of CNP Insurance in Cyprus and Greece, stating ...

Boeing (BA.N) on Monday tapped debt markets to raise $10 billion, after the US planemaker burned $3.93 billion in free cash during the first quarter following slowing production of its best-selling ...

McDonald’s (MCD.N) is set to report a sequential drop in sales growth for the fourth straight quarter as low-income consumers remain hesitant about eating out even as fast-food ...

International credit rating agency Moody’s has given a positive assessment on the mooted move by Hellenic Bank to acquire the operations of CNP Insurance in Cyprus and Greece, stating ...

Economic sentiment in Cyprus improved marginally in April, with the Economic Sentiment Indicator (ESI) increasing by 0.8 points compared to March 2024, according to a report by the University of Cyprus’ Economic ...

Alphabet (GOOGL.O) unit Google recently announced that it would invest $3 billion to set up a data centre campus in Indiana and expand sites in Virginia. A boom in artificial ...

The cost of the top ten most expensive property sales transactions completed in March amounted to €48.1 million, with the most expensive transaction being an office building in Potamos Germasogeia in ...

Royal Caribbean Group raised its annual profit forecast for a second time and beat expectations for first-quarter profit and revenue last week, with half of its growth coming from higher ...

Given the developments in Malta, Innovate Change Casino and similar entities are to operate in a newly created environment marked by a regulatory overhaul and also strive to attain regulatory ...

The Cyprus Chamber of Commerce & Industry (Keve) is set to host a funded seminar titled “Unlocking Strategic Value: Leveraging Data Science to Increase Business Profitability” on May 22-23, 2024, at ...

Making hard and fast decisions is not always an easy task. Oftentimes we make decisions depending fully on our emotions. Sometimes our decisions are fruitful, and bring good results for ...

Deutsche Bank (DBKGn.DE) shares were 5.5 per cent lower in early trade on Monday after news that Germany’s largest lender could be on the hook for up to 1.3 billion ...