Business

Hellenic Bank’s board of directors on Friday issued a statement regarding the public offer made by Greece’s Eurobank to acquire the entirety of its share capital, deeming the ...

The Cyprus Investment Funds Association (CIFA) on Friday expressed satisfaction with the increase in Assets Under Management (AUM) of Cypriot investment funds. According to the latest data released this week ...

Tourism revenue in recent years, despite its high levels, has decreased compared to previous decades when adjusted for inflation, according to the Association of Cyprus Tourist Enterprises (Stek). During a ...

Cypriot lender AstroBank announced on Thursday the opening of its new branch in Dali, Nicosia, marking the 15th location in its expanding network. In its announcement, the bank noted that ...

Low-cost airline Wizz Air celebrated a significant milestone this week, marking the transportation of 8 million passengers to and from Larnaca Airport since the company commenced operations in Cyprus. “This achievement ...

To keep up with the rapidly changing IT industry and remain competitive, entrepreneurs are always looking for new and creative ways to do things. Technology in the network’s periphery ...

Cyprus experienced growth across all sectors of economic activity in 2022, with the services sector overall showing a positive trajectory compared to 2021, according to the results of the services and transport ...

Government employment in Cyprus recorded a 4.8 per cent increase in the first half of this year compared to the same period in 2023, according to a report released this week by ...

Rating agency Morningstar DBRS has indicated it will closely monitor developments surrounding Eurobank’s acquisition of Hellenic Bank, predicting a generally neutral impact on the bank’s credit fundamentals with ...

The tourism sector in Cyprus faces a significant downturn this year, with an estimated 30,000 fewer visitors and a loss of approximately €25 million, according to the president of the hotelier’s ...

Energy Minister George Papanastasiou on Thursday took formal delivery of a cost-benefit analysis for the Great Sea Interconnector project – the mooted subsea electric cable linking Cyprus to Greece. The dossier ...

Establishing a multi-currency crypto payment method for worldwide distribution calls for various strategic moves that businesses have to make to guarantee success.  This all-inclusive guide describes these processes and offers ...

The tourism sector in Cyprus faces a significant downturn this year, with an estimated 30,000 fewer visitors and a loss of approximately €25 million, according to the president of the hotelier’s ...

The Cyprus association of hospitality venues (Pasika) on Thursday called on newly elected mayors and municipal councils to be vigilant and stringent in granting permits for public events, stressing that ...

The Research and Innovation Foundation (RIF) this week commented on the latest results from the European Innovation Scoreboard 2024, which once again reaffirms Cyprus’ progress in the field of innovation, classifying ...

Le Frenchie by PUNIN, a French restaurant in Limassol, has been recognised as one of the top restaurants worldwide, earning the Award of Excellence from Wine Spectator 2024. This prestigious accolade ...

The Deputy Ministry of Research, Innovation and Digital Policy on Thursday said that Cyprus has made robust strides in the digital sector, something which is backed by the European Commission’...

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 ...