Business

Cyprus’ main exports for 2023 included minerals, oil, halloumi cheese, and pharmaceutical products, according to a report by the state’s statistical service (Cystat). The report revealed that Cyprus exported domestically ...

As Europe seeks to hold its ground against economic rivals, politicians think they have a secret weapon: the untapped savings of its citizens. From Italy selling government bonds to households, ...

Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to ...

Australia’s housing shortage may be driving prices higher but is locking out first-time homeowners and migrants needed to fill skills shortages across the country, the CEOs of Australia’s ...

Be warned: Cyprus motorists could be hit with hikes of 25 cents/litre by the end of the year By Charles Ellinas With Cyprus finance minister announcing that he will not ...

Here are the top business stories in Cyprus from the week starting March 25: The European Commission recently released a report highlighting Cyprus’ economy as on a positive trajectory, forecasting growth ...

Global smartphone shipments are expected to rebound 3 per cent this year as easing inflation aids a demand recovery in emerging markets and the integration of generative AI attracts buyers to ...

Top fashion retailers ASOS (ASOS.L), Boohoo (BOOH.L) and George at Asda have signed undertakings to clarify the way they display, describe and promote their environmental credentials, Britain’s ...

H&M (HMb.ST), the world’s second-largest listed fashion retailer, beat first-quarter operating profit expectations on Wednesday, as new CEO Daniel Erver said spring collections were well received ...

South Korean conglomerate LG Group will invest 100 trillion won ($74.42 billion) within the country over the next five years, its holding company LG Corp (003550.KS) said on Wednesday. LG Group aims ...

The fleet of vessels registered under the Cypriot flag has seen a significant increase of approximately 5.5 per cent, equivalent to about 1.1 million tonnes, over the past six months, according to ...

By Maria Demertzis Inflation in the euro area has declined convincingly from the very high levels seen in the past couple of years. The rate is expected to be 2.3 per ...

British businesses trimmed their plans for staffing and wage increases this month, according to a survey published on Wednesday that suggested April’s big increase in the minimum wage is ...

Online trading app Robinhood Markets (HOOD.O) launched a new credit card on Tuesday, in an effort to expand its foothold in the personal finance market and boost subscriptions to ...

Meta’s (META.O) oversight board this week called on the company to end its blanket ban on a common usage of the Arabic word “shaheed,” or “martyr” in English, ...

CBC governor Constantinos Herodotou on Friday addressed the “Digital Financial Literacy: the Way Forward” conference, held by the Central Bank of Cyprus (CBC). The conference aimed to explore the multifaceted ...

The Paphos Regional Tourism Board (Etap) recently completed a survey revealing that the district has a capacity of approximately 20,000 beds, across 6,000 self-catering accommodation units, which includes villas, houses, and apartments. ...

The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical buffer rate at 1 per cent, with effect from June 2, 2024. According to a statement by the CBC, “in accordance ...

The PwC Cyprus Foundation participated for the second consecutive year in an initiative that sought to promote financial literacy among the youth, held during Global Money Week, which took place ...

The fleet of vessels registered under the Cypriot flag has seen a significant increase of approximately 5.5 per cent, equivalent to about 1.1 million tonnes, over the past six months, according to ...

Total deposits in Cyprus saw a significant net increase of €65.4 million in February 2024, rebounding from a substantial decrease of €366 million during the previous month, according to a report on deposits ...

The board of directors of state-owned asset management company Kedipes this week decided to make the largest quarterly cash payment to the state since its establishment in 2018, amounting to €140 million, ...

Cyprus’ Industrial Production Index for January 2024 saw a 4.2 per cent rise compared to the same period in 2023, reaching 99.5 units, with 2021 being the base year with a value of 100 units, according ...

Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the ...