Business

The Association of Cyprus Banks on Tuesday expressed its readiness to adjust interest rates tied to the European Central Bank’s (ECB) base rate immediately after the ECB’s forthcoming ...

GDEV, a global gaming company based in Limassol, recently teamed up with InvestGame to examine the IPO landscape of 87 gaming firms with a combined valuation exceeding $350 billion. The gaming sector, ...

Cyprus saw its trade deficit shrink to €6.37 billion in January–October 2024, a significant reduction compared to €7.56 billion during the same period in 2023. The improvement reflects a 12.3 per cent drop in ...

Billionaire entrepreneur Roman Avdeev has finalised the sale of his remaining stake in Rossium Group and other assets, completing his exit from all Russian business holdings. The transaction, originally announced ...

The Paphos Chamber of Commerce and Industry (Evep) hosted a meeting on Friday with Liu Kai, the Commercial Counsellor of the Chinese Embassy in Cyprus, to explore potential collaborations between ...

Cyprus contributed just €259 million to the European Union budget in 2023, receiving €393 million in return. This positions the island country as a net beneficiary, reflecting broader financial imbalances across member states, ...

The Bank of Cyprus on Tuesday announced that it has been awarded the title of Bank of the Year in Cyprus for 2024 by The Banker, a leading international banking and ...

The Central Bank of Cyprus (CBC) on Tuesday announced key deadlines for the implementation of the EU Instant Payments Regulation. The EU’s Instant Payments Regulation is a new regulation ...

Founded by Kyrillos Akritidis and Murad Salikhov, Schwarzwald Capital is a Cyprus-based venture capital firm that has a distinct focus on fintech and the creator economy. Akritidis spoke to the ...

The European Consumer Centre (ECC) Cyprus achieved a consumer satisfaction rate of 94.44 per cent for its case-handling services in 2023, according to its annual report. The majority of complaints (54 per cent) ...

France and Germany’s political crises are a setback for efforts to modernise Europe’s struggling economy and are already making it harder for companies to take the investment decisions ...

The Famagusta regional tourism board (Etap) recently held a meeting with representatives of EasyJet Holidays, the holiday division of the low-cost airline, it was announced on Monday. The meeting, which ...

Demand for workers in Britain collapsed last month after the new Labour government’s first budget, a survey published on Monday showed, adding to other signs of the impact of ...

Japan’s bankruptcy filings this year are set to surpass 10,000 and hit the highest since 2013, private-sector data by Tokyo Shoko Research (TSR) showed on Monday, ahead of a closely watched ...

A Rotterdam court held an initial hearing on Monday in the case of a Russian former employee of semiconductor equipment maker ASML (ASML.AS) who is suspected of stealing intellectual ...

Despite appearing to lack the necessary support in parliament, a bill imposing a new ‘bank tax’ will go to the House plenum later this week. Tabled by opposition party Akel, ...

A unique service for YOU. A world of lifestyle benefits and real privileges for all YOUR unique banking and investment needs. Bank of Cyprus’ PrivilEDGE club is redefining, advancing and ...

Cryptocurrency enthusiasts are buzzing with excitement because of how artificial intelligence (AI) predicted the price of Dogecoin (DOGE) on Christmas Day. Using historical trends, it is possible to make a ...

Cloud mining has become a convenient way for people to mine cryptocurrencies without the hassle of buying or managing hardware. Mining platforms now offer a variety of contracts to meet ...

Smart investing comes down to a few key principles that when linked to an individual’s financial goals ensures preparedness and peace of mind. With the rise of digitalisation and ...

Motor vehicle registrations in Cyprus rose by 10.1 per cent from January to November 2024, with the growing popularity of electric and hybrid vehicles driving the market shift. According to the statistical ...

In the fast-paced world of online shopping, waiting for your package to arrive can be a stressful experience. The anticipation of the delivery, combined with the occasional uncertainty about its ...

Limassol topped Cyprus’ property market from January to September 2024, leading in sales values for houses and apartments, according to a report from Nicosia-based firm Landbank Analytics.  The report, which reviewed ...

Research and Innovation Foundation (RIF) director general Theodoros Loukaidis was recently presented with the Athenian Glaive award in Athens. According to an official announcement released on Monday, the RIF chief ...