Stay informed with the latest business and economy news from Cyprus and around the globe. This section covers key developments in finance, energy, tourism, technology, entrepreneurship and the corporate sector.
President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the key U.S. ...
XRP (XRP) just rallied 25% in a matter of weeks, giving its loyal holders a much-needed boost. But for investors looking for higher velocity gains and a long-term DeFi play, many ...
Electricity tariffs will rise by three per cent from the next two-month billing period, Energy Minister George Papanastasiou confirmed on Saturday.
Speaking before the the electricity authority’s scientific staff’...
President of the hoteliers association (Pasyxe) Thanos Michaelides on Friday said that Paphos has significant potential to boost visitor numbers.
In addition, he also said that the district can attract ...
British house prices stagnated month-on-month during June, as economists polled by Reuters had expected, figures from Halifax showed this week.
The mortgage lender revised up May’s reading to show ...
Shell (SHEL.L) expects quarterly earnings to be hit by weaker trading in its integrated gas division and losses at its chemicals and products operations, it said this week ahead ...
British luxury carmaker Jaguar Land Rover reported a 10.7 per cent drop in first-quarter sales, its Indian parent Tata Motors (TAMO.NS) said this week, hit by a temporary pause in ...
Bitcoin (BTC) traded at $108,054, up 2.2% last week, with a $2.07T market cap, eyeing a $145K target. Driven by $769.5M in weekly ETF inflows and a golden cross on the daily ...
As Texas’ institutional reserves of Bitcoin (BTC) cross the $1 billion threshold, investor sentiment in crypto markets has surged. However, while Bitcoin (BTC) continues to consolidate, a new DeFi protocol is ...
Oil prices rose by around 1 per cent on Friday as investors weighed a tight prompt market against a potential large surplus this year forecast by the IEA, while US tariffs ...
Ethereum (ETH) has officially crossed the $2,500 mark again, reigniting market confidence across crypto. But while ETH bulls celebrate, experienced investors are already pivoting—seeking underexposed assets with real utility, strong ...
Britain’s economy contracted unexpectedly for a second month running in May, official data showed on Friday, compounding worries at home for finance minister Rachel Reeves as the nation navigates ...
The European Investment Fund (EIF) has retained its top-tier AAA credit rating, with stable outlook, as confirmed by Morningstar DBRS (DBRS Ratings GmbH).
The agency stated that both the long-term ...
As the crypto supercycle gains momentum in 2025–26, Ripple (XRP) is poised to surge 10x to $22.41, driven by speculation about ETFs and institutional adoption of the currency. But because it has ...
Total government employment in Cyprus reached 54,829 in June, marking an increase of 676 persons, a rise of 1.2 per cent compared to the same month in 2024, according to the state statistical service.
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President of the hoteliers association (Pasyxe) Thanos Michaelides on Friday said that Paphos has significant potential to boost visitor numbers.
In addition, he also said that the district can attract ...
By Chrystalleni Loizidou
For policymakers unfamiliar with this space: FLOSS and digital sovereignty are not fringe concerns—they are the building blocks of a more secure, autonomous, and transparent public ...
The Cyprus Statistical Service (Cystat) on Friday announced a reduction of 1.9 per cent in the number of building permits issued during March 2025, when compared to the same month last year.
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PwC Cyprus on Friday released a statement outlining their support for this year’s Invest Cyprus International Investment Awards, with the firm being a platinum sponsor of the event.
The ...
The European Banking Authority (EBA) this week launched a public consultation on proposed revisions to its guidelines on product oversight and governance (POG) arrangements for retail banking products.
The revised ...
The Cyprus Securities and Exchange Commission (CySEC) on Friday issued a formal update to cryptoasset service providers (CASPs) and applicant CASPs regarding new regulatory guidance from the European Banking Authority (...
Cyprus emerged as one of the EU’s most active countries for online cultural engagement in 2024, with 94 per cent of internet users watching TV or videos online.
This placed the ...
With the continuous advancement of cryptocurrency mining technology, by 2025, cloud mining has become one of the most popular ways to earn Bitcoin without the need for expensive hardware investments.
However, ...
The United Arab Emirates could further boost its oil production capacity after 2027 if that is what markets require, its energy minister said on Thursday, signalling a move that could propel ...