Business

The Cyprus Chamber of Commerce and Industry (Keve) and the Cyprus Bank Association this week reached a preliminary agreement to collaborate on joint initiatives and public outreach concerning matters of ...

Cyprus experienced a modest uptick in inflation in January 2024, with a 1.7 per cent increase compared to a 1.64 per cent rise in December 2023. The annual inflation rate for January 2023 had reached 7.11 ...

Cyprus’ retail sector experienced a notable surge during 2023, with a remarkable 8.9 per cent increase in the value of turnover, according to a report released this week by the state’s ...

The launch of US exchange-traded funds (ETFs) tracking bitcoin deepens ties between the volatile world of cryptocurrencies and the traditional financial system, potentially creating unforeseen new risks, some experts say. ...

Japan’s industry ministry said on Tuesday it will offer around 45.2 billion yen ($307 million) in subsidies in an initiative to develop optical technology for use in chips to help boost ...

The Commission for the Protection of Competition (CPC) approved on Friday Eurobank’s bid to acquire Hellenic Bank’s share capital. The decision was taken with a majority vote in ...

The Cyprus Shipping Chamber (CSC) on Friday expressed its appreciation for the re-appointment of Deputy Director General Alexandros Iosifidis as a Goodwill Maritime Ambassador at the International Maritime Organisation (IMO), ...

The Association of Cyprus Tourist Enterprises (Stek) this week met with Labour Minister Yiannis Panayiotou and Deputy Minister of Tourism Kostas Koumis, discussing both the positive prospects and lingering uncertainty ...

New lending in Cyprus remained stable during 2023, a reflection of an economic environment dominated by high interest rates, which also pushed loan restructurings to historically unprecedented levels. According to a ...

The Central Bank of Cyprus issued a warning on Friday regarding an entity by the name of “Neo Business Bank”, saying it does not hold the relevant licences to operate ...

The bull market is back, and as global liquidity levels swell and faith in the dollar crumbles investors tend to chase risk assets. Cryptos are the longtail of risk assets ...

Greece will extend a special tax rebate on agricultural diesel by a year, to support protesting farmers who demand lower energy costs and fast compensation for crops and livestock lost ...

Elon Musk suffered one of the biggest legal losses in US history this week when the Tesla CEO was stripped of his $56 billion pay package in a case brought by ...

With recent observations and headlines in many crypto news sites, the spot Bitcoin ETF has brought a significant change in the crypto community. Recently, the United States crypto funds lost ...

The Cyprus Real Estate Agents Registration Council on Friday said that the local property market performed robustly during the fourth quarter of 2023, despite inflationary pressures, high interest rates, and soaring ...

Ryanair (RYA.I) flights were emptier in January than the same month a year ago after a number of online travel agents (OTAs) stopped selling its flights in early December, ...

Bitcoin (BTC), or digital gold if you prefer, was launched in 2009, and what a journey it has been. Since its inception, it has evolved from a “fad” to now forming ...

The Bank of Cyprus on Friday announced that it has successfully returned a total of €2.2 million to up-to-date mortgage borrowers, as part of their ongoing reward plan. According to the ...

Eurozone inflation eased as expected last month but underlying price pressures fell less than forecast, likely boosting the European Central Bank’s argument that rate cuts should not be rushed, ...

The Central Bank of Cyprus (CBC) this week released a quarterly report showing that the interest rate on household deposits with a maturity of up to one year increased to 2.29 ...

Cyprus-based ship management company Intership Navigation, founded 35 years ago by German ship owner Alfred Hartmann, recently announced its separation from the Hartmann Group through a management buyout by its long-term ...

Technology giant Google (GOOGL.O) has signed its largest ever power purchase agreement (PPA) with offshore wind projects off the coast of the Netherlands as part of efforts to green ...

Deutsche Bank (DBKGn.DE) said on Thursday it would cut 3,500 jobs, buy back shares and pay dividends, in its latest pitch to investors that its turnaround remains on track. The ...

The downturn in Germany’s manufacturing sector, which accounts for about a fifth of the country’s economy, eased in January, a survey showed on Thursday. The HCOB final Purchasing ...