Business

Eurobank, already holding a majority stake in Hellenic Bank, is set to complete a full acquisition in a deal worth approximately €1.2 billion, making it one of the largest cash transactions ...

The Pancyprian Cooperative Promotion Society unveiled its roadmap for establishing a new nationwide cooperative bank during a Monday evening event in Limassol, under the theme of ‘One for all and ...

The Cyprus Hotel Association (Pasyxe) on Tuesday announced the appointment of a new director general Christos Angelides to replace Philokypros Rousounides who had held the post for the past five ...

Heading into holidays some expect to disappoint, Wall Street investors like Goldman Sachs (GS.N) are using new ways to monitor shoppers’ actions and intentions to help determine the season’...

Eurobank is set to raise its stake in Hellenic Bank to 93.47 per cent following agreements to acquire shares from Demetra Holdings Plc and Logicom Services Limited. The bank announced on ...

British finance minister Rachel Reeves on Monday said she would never have to repeat the tax hikes of her first budget, an attempt to reassure businesses that were caught off-guard ...

The Bank of Israel left interest rates unchanged for the seventh straight meeting on Monday, saying inflation remains high but that military conflicts are keeping economic growth weak. In its ...

Cyprus’ commercial fleet has grown by an impressive 14 per cent over the last year, while the shipping industry now accounts for 7 per cent of gross domestic product, MPs heard on ...

Cyprus’ real estate market remains robust, with transactions reaching €2 billion by mid-2024, despite ongoing global uncertainty, according to a report released on Monday by Delfi Partners & Company. “Supported by ...

The Cyprus-Austria Business Forum was a success, with more than 60 bilateral meetings taking place, according to an announcement by the Cyprus Chamber of Commerce & Industry (Keve). Held on November 21 ...

The Cyprus Composite Leading Economic Index (CCLEI), recorded an annual increase of 1.8 per cent in October 2024, according to the University of Cyprus’ Economics Research Centre (CypERC), This marks a continuation ...

Eurobank is set to raise its stake in Hellenic Bank to 93.47 per cent following agreements to acquire shares from Demetra Holdings Plc and Logicom Services Limited. The bank announced on ...

The Supreme Constitutional Court seems to have definitively untied a difficult legal issue by interpreting Article 23.4 of the Constitution, regarding whether a compulsory acquisition order whose purpose has been achieved, ...

The Cyprus Financial Literacy and Education Committee (CyFLEC) has marked substantial advancements in the implementation of the national strategy for financial literacy, according to an announcement released on Monday. The ...

Artificial intelligence is revolutionizing the financial industry, driving faster decision-making, uncovering hidden insights, and automating complex tasks. According to PwC’s Global Artificial Intelligence Study, AI is projected to contribute ...

Andrew Frost on the future of privacy and Cyprus’ tech potential Andrew Frost Moroz, founder of Aloha Browser, is a seasoned innovator with over two decades of experience in mobile ...

The new Jumbo that has just opened in Nicosia is located at the junction of Shacolas Park, opposite the hospital. This junction under the best conditions is under constant pressure ...

Funding for European technology startups in 2024 is set to stall slightly below last year’s level but a window for new listings is opening again, according to an industry report ...

Major global companies have boosted hiring for professional roles as they enter the final quarter of the year, especially in retail, technology and healthcare, but demand for financial services recruits ...

Graphene has lived up to its promise in the lab. Now, EU-funded researchers are working on supporting its wider adoption in high-end electronics, photonics and sensors. By Anthony King Dr ...

More UK fund managers say they’ve paid higher costs in 2024 to protect their investment portfolios against fluctuations in currency markets, according to survey results by software provider, MillTechFX. This ...

Nestle will boost advertising and marketing, trim costs by at least $2.8 billion by 2027 and carve out its water and premium drinks businesses into a standalone global unit as it looks ...

By Nicolas Poumpourides I was recently the trainer at an advanced six-hour training session for the staff members of the Cyprus Financial Services Supervisory Authority (CySEC). In the course of ...

The upgrade of the Cyprus economy’s rating by Moody’s on Saturday is a self-evident vote of confidence in the practices applied by the government, government spokesman Konstantinos Letymbiotis ...