Business

For more than four months, US envoys delivered increasingly shrill warnings to Austria’s Raiffeisen Bank International (RBIV.VI) to scrap a deal they said had links to one of ...

The government is concerned the European Commission may withdraw its €657 million subsidy for the electricity connection between Cyprus and Greece through the Great Sea Interconnector project, Energy Minister George Papanastasiou ...

The Central Bank of Cyprus (CBC) announced on Thursday that new loans taken out by non-financial corporations over €1 million increased by 10 per cent in May of this year, despite a 0.52 ...

The Central Bank of Cyprus (CBC) stated in its 2023 annual report, which was published this week, that increased bank profitability is not expected to alter the supervisory authorities’ prudent policy ...

Cyprus recorded improvements in its balance of payments and international investment position (IIP) in the first quarter of 2024 compared to the same period in 2023, along with a reduction in net ...

Cyprus witnessed a growth in house prices during the first quarter of 2024, as evidenced by the latest figures released by the Cyprus Statistical Service (Cystat) on Thursday. According to a ...

Inflation in June 2024 rose by 2.9 per cent over the previous month, marking a continuation of the upward trend that began in April and reaching its highest level since October 2023. Data ...

A total of 12 bounced cheques worth €13,048 were issued in June of this year, involving 10 persons, according to a report by the Central Bank of Cyprus (CBC) released this week. These ...

President Nikos Christodoulides used his address at the 12th Invest Cyprus International Investment Awards held in Nicosia, to highlight the crucial role of foreign investors in Cyprus’ economic growth. The ...

It took a year of wrangling with the European Commission for Germany’s Lufthansa LHAG.DE to gain approval to buy 41% of Italy’s ITA Airways, and only after it ...

The Cyprus Hoteliers Association (Pasyxe) this week confirmed its full alignment and excellent collaboration with the government, something which was reiterated during the association’s annual general meeting. This meeting ...

Eni denied on Thursday that it has been engaged in any discussion for the sale of shares in Cyprus, a company spokesperson told the Cyprus Mail after the government also ...

Cyprus’ wholesale and retail trade sector demonstrated robust growth in 2022, according to a recent report by the Cyprus Statistical Service (Cystat). In 2022, the overall turnover in the sector soared by 20.7 ...

‘Green’ home loans, Eco-friendly renovation loans Energy loans for solar panel installation Climate change poses a major challenge in the current era. The international community recognises the need to tackle ...

Credit rating agency Fitch Ratings this week upgraded Hellenic Bank’s long-term Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BB+’, with a stable outlook, and its Viability Rating (VR) to ‘...

The United States, France and major economies are unlikely to halt the rises in their debt levels in the next few years, credit rating firm S&P Global warned ...

Prices in British shops rose at the slowest pace in almost three years last month, according to industry figures that underscore how inflation has cooled even if Prime Minister Rishi ...

Public sector workers’ unions and bank employees’ union Etyk are planning to create a new cooperative savings bank. Civil servants’ union Pasydy secretary-general Stratis Matheou told the Cyprus Mail on ...

Cyprus Airways on Wednesday announced the launch of new direct flights from Larnaca to Barcelona, commencing on July 3. According to an official announcement by the airline, this new route will ...

The number of registered unemployed people in Cyprus dropped to 10,112 at the end of June 2024, primarily due to growth in key economic sectors, according to a report from the Cyprus ...

The Cyprus Consumers Association this week issued advice to consumers regarding their shopping during the sales period, saying that there is a need for careful planning and awareness to maximise ...

Cyprus’ decision on investing in the Great Sea Interconnector project will hinder whether the cost-benefit analysis is approved, it was reported on Wednesday. Speaking to CyBC in the morning, Energy ...

With the global shift towards sustainable tourism, leading investors are increasingly focusing on stocks that combine environmental responsibility with profitability, according to a report released on Wednesday by online broker ...

The Transport Ministry on Wednesday said that passenger numbers at Larnaca and Paphos airports rose to 1,300,041 visitors during June, reflecting a 5.04 per cent increase compared to the previous year. “Passenger ...