Business

It has been over two-and-a-half years since ExxonMobil last drilled in Cyprus’ EEZ, but the company is about to come back. In an interview earlier this month the minister of ...

Here are the top business stories in Cyprus from the week starting October 21: A significant share of Cypriot wealth continues to languish in low-interest bank deposits, despite alternative investment options, ...

Shares in SAP (SAPG.DE) were up 5 per cent at market open on Tuesday, hitting an all-time high of 221 euros ($239.21) after the German software company raised its full-year targets on ...

Qualcomm (QCOM.O) has announced it is teaming up with Alphabet’s (GOOGL.O) Google to offer a combination of chips and software that will let automakers develop their own ...

Anthropic, a startup backed by Alphabet (GOOGL.O) and Amazon.com (AMZN.O), released a pair of updated artificial intelligence models this week, along with a new capability to autonomously ...

Dutch brewer Heineken’s (HEIN.AS) third-quarter sales figures beat forecasts earlier this week, buoyed by higher priced and non-alcoholic beers, but full-year guidance was left unchanged. The world’s ...

Scope Ratings has upgraded Cyprus’ long-term issuer and senior unsecured debt ratings to A- from BBB+, signalling a notable milestone as the country’s first A-level rating from a major ...

Cyprus has marked the best nine months ‘of all time’ in tourism this year, according to Deputy Minister of Tourism Costas Koumis. Making statements at the opening of the Cyprus ...

The Central Bank of Cyprus reported on Friday that total loans in Cyprus increased by €107.3 million in September, reversing a decline recorded in the previous month. This growth was primarily ...

By Charles Ellinas Finally, some good news about the beleaguered LNG import project in Cyprus. Energy Minister Giorgos Papanastasiou confirmed in parliamentary hearings that an agreement has been reached with ...

Cyprus’ Composite Leading Economic Index (CCLEI), maintained by the University of Cyprus’ Economics Research Centre (CypERC), recorded a year-on-year increase of 1.1 per cent in September 2024. This follows annual growth rates ...

The European Union, rushing to develop a 9 million euro joint purchasing mechanism for critical minerals and energy, is choosing between eight bidders vying to develop a platform, documents showed and ...

Amazon.com (AMZN.O) is imposing severe price caps on what merchants can charge for their products on a new low-cost storefront that the e-commerce giant is preparing to launch, ...

Robinhood recently launched its long-awaited desktop platform and added futures and index options trading features to its mobile app, as the fintech firm aims to take market share from traditional ...

IBM (IBM.N) released the latest version of its artificial intelligence models catered towards businesses this week, looking to capitalize on the surge in enterprises adopting generative AI technology. “Granite 3.0” ...

The Cyprus Consumer Protection Service on Friday reported that inflation in September rose by 0.7 per cent year-on-year. Agricultural products saw a month-on-month increase of 3.1 per cent, while a 4.78 per cent ...

As the cryptocurrency market is volatile, trends are changing in the blink of an eye. While established tokens like Dogecoin (DOGE) have enjoyed their time in the spotlight, a new ...

The Cyprus Stock Exchange (CSE) and Invest Cyprus, the country’s official investment promotion agency, signed a Memorandum of Understanding (MoU) on Friday. According to a joint statement from the ...

Cyprus’ Composite Leading Economic Index (CCLEI), maintained by the University of Cyprus’ Economics Research Centre (CypERC), recorded a year-on-year increase of 1.1 per cent in September 2024. This follows annual growth rates ...

Greece’s BBB- economy is set on a positive path, with public debt reduction, banking resilience, and structural reforms driving a forecasted debt-to-GDP decline, according to German-based Scope Ratings. In ...

The Bank of Cyprus’ compliance team has received significant recognition from the Association of Compliance Officers in Greece, according to an announcement released this week. The Compliance Awards ceremony took ...

Cyprus introduced its first zero-emission vessel, Evploia Aphrodite, at Larnaca Marina this week, with the support of Deputy Shipping Minister Marina Hadjimanolis. Evploia Aphrodite, developed by the Cyprus Marine and ...

As Black Friday approaches, the shopping frenzy ramps up. Retailers offer jaw-dropping discounts, and customers flood online stores to score deals. But once the checkout is complete and the excitement ...

The Interior Ministry this week highlighted a rising demand for apartments, linking this trend with the number of people who have utilised housing assistance provided by revised support schemes. This ...