Business

The European Central Bank (ECB) has scope to further cut its key interest rates as inflation moves closer to its target, but it should remain vigilant about potential upside risks, ...

TechIsland, the largest tech association in Cyprus, on Wednesday announced PwC Cyprus as the latest addition to its esteemed group of donors. “This partnership underscores a shared vision of fostering ...

The Paphos Regional Tourism Board (Etap) on Wednesday announced that up to €25,000 in funding is available for small and medium-sized enterprises (SMEs). The funding is being made available in the ...

Cyprus’ fiscal balance has made a remarkable recovery from recent shocks, with current fiscal surpluses exceeding pre-pandemic levels, according to rating agency Morningstar DBRS. The agency attributed this improvement to ...

Cyprus needs bold solutions to address its housing crisis, according to Yiannis Misirlis, president of the Cyprus Land and Building Developers Association (LBDA). Speaking at a conference titled “Housing Policy: ...

Oil prices fell on Wednesday after industry data showed US crude inventories swelled more than expected, though declines were capped as the market watched diplomatic efforts in the Middle East ...

By John Ioannou ‘Where have all the seafarers gone?’ is a familiar lament heard in the crewing departments of ship management companies all around the world. The Baltic and International ...

Cyprus recorded a fiscal surplus of €631.80 million in 2023, corresponding to 2 per cent of its GDP, according to a report from the state’s statistical service. Meanwhile, the public debt for ...

There are not yet enough indications that the eurozone’s inflation could drift further down or up to change the European Central Bank’s central scenario for further rate cuts, ...

A sharp fall in British consumer price inflation in September was driven by more volatile components, Bank of England rate-setter member Megan Greene said on Tuesday when asked how it ...

The International Monetary Fund’s revised outlook for Cyprus’ GDP growth for 2024 is “a vote of confidence” in the island, government spokesman Konstantinos Letymbiotis said on Tuesday. He was commenting ...

Cyprus recorded a fiscal surplus of €631.80 million in 2023, corresponding to 2 per cent of its GDP, according to a report from the state’s statistical service. Meanwhile, the public debt for ...

Cardano short term price predictions In the short term Cardano (ADA) is volatile. Analysts are saying Cardano (ADA) could go between $0.266 and $0.445 in 2024, with an average price of $0.355​. That’s ...

The ongoing conflict in the Red Sea, marked by frequent Houthi rebel attacks, poses a grave threat to global shipping and international trade, according to the Cyprus Shipping Chamber. In ...

Cyprus’ gross government debt-to-GDP ratio stood at 70.5 per cent at the end of the second quarter, reflecting a drop both on an annual and quarterly basis. In contrast, the eurozone’...

Energy regulators in the EU have raised concerns that the slow rollout of smart meters is hindering the electricity system’s flexibility, according to Andreas Poullikas, chairman of the Cyprus ...

European Union lawmakers on Tuesday approved the bloc’s plan to use frozen Russian central bank assets to loan up to 35 billion euros to its ally Ukraine. The European Parliament ...

Have the Houthi attacks significantly affected the Cyprus shipping industry? What are the measures that have been taken in order to preserve freedom of navigation? In the Red Sea, freedom ...

Hellenic Bank has announced the launch of new and upgraded service points designed to bring innovation to banking transactions. The new branches, equipped exclusively with advanced ATMs, will be located ...

Cyta this week unveiled its new corporate identity, emphasising technological innovation and a customer-centric approach. During an event at the Cyprus Planetarium on October 21, the company showcased its renewed philosophy, ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday released a statement requiring Cyprus Investment Firms (CIFs) to adopt the European Banking Authority (EBA) guidelines on the application of the ...

The Republic of Cyprus is expected to secure a new loan in 2025 to repay the first instalment of a €6.3 billion loan received from the European Stability Mechanism (ESM). This projection ...

A deal regarding the delivery of the floating storage and re-gasification unit (Fsru) that is part of the liquefied natural gas (LNG) project at Vasiliko has been reached by the ...

The International Air Transport Association (IATA) has reported a significant increase in global passenger demand, with its chief, Willie Walsh, cautioning that this surge could soon lead to an infrastructure ...