Business

Larnaca’s hotels are enjoying robust occupancy rates this summer, ranging from 80 to 85 per cent, according to Marios Polyviou, president of the Larnaca Hoteliers Association (Pasyxe). Speaking to the Cyprus ...

Oil prices held broadly steady on Wednesday after a run of declines that have pushed Brent down to almost $77, driven by stubborn fears over Chinese demand and diminishing concerns about ...

Turkey’s central bank held interest rates steady at 50 per cent for a fifth straight month as expected, and repeated that it remains vigilant to inflation risks even as it ...

Cypriot banks have nearly eliminated their borrowing from the Eurosystem through Targeted Longer-Term Refinancing Operations (TLTROs), with the latest data from the Central Bank of Cyprus (CBC) showing repayments totalling €2.6 ...

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 (...

Dealmaking activity in the oil and gas industry increased 57 per cent last year as energy companies boosted development spending, driven by higher cash flows from profits in prior years, according ...

General Motors (GM.N) said Monday it is laying off more than 1,000 salaried employees at its software and service units worldwide. GM, confirming the layoffs initially reported by CNBC, said ...

State Street (STT.N) is partnering with Swiss crypto company Taurus to offer new digital asset services, including turning real-world assets into tradeable tokens, to tap growing institutional demand for ...

Yandex NV (YNDX.O), the Dutch company that finalised a split from Russian technology giant Yandex last month, has renamed itself Nebius Group after the change received shareholder approval. A ...

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 ...