Business

The Central Bank of Cyprus (CBC) on Friday slightly revised its forecast for the country’s economic growth in 2024, estimating it to be at a rate of 2.8 per cent. This ...

The annual growth rate of the Composite Leading Economic Index (CPI) of Cyprus continued to slow in February 2024, remaining marginally positive. This trend, according to the Economics Research Centre (CypERC) ...

The Consumer Protection Service on Friday reminded the public that fuel prices are set to rocket at the beginning of April when government subsidies come to an end. Motorists will ...

Deputy Minister of Tourism Kostas Koumis this week said that “a sustainable destination is one that respects both its visitors and its own resources, both natural and human”. Koumis’ comment ...

Oil prices were little changed on Friday, with global benchmark Brent hovering above $85 per barrel, as the possibility of a ceasefire in Gaza gained traction. Brent crude futures were down 2 ...

The US government’s antitrust lawsuit against Apple (AAPL.O) draws on the watershed 1998 case that broke Microsoft’s stranglehold on desktop software, but that may prove to be an ...

The Department of Registrar of Companies this week said that annual fees for companies registered with it are abolished from 2024 onwards, however, annual fees for the years 2011-2023 continue to ...

Some western banks are lobbying against EU proposals to redistribute billions of euros in interest earned on frozen Russian assets, senior industry sources said, fearing it could lead to costly ...

Minister of Labour Yiannis Panayiotou said this week that proficiency in Greek will play a pivotal role in the approval of renewed work permits and for new foreign applicants. Acknowledging ...

The Swiss National Bank cut its main interest rate by 25 basis points to 1.50 per cent on Thursday, a surprise move which made it the first major central bank to dial ...

Norway’s central bank kept its benchmark interest rate unchanged at a 16-year high of 4.50 per cent on Thursday, as unanimously expected by analysts, and signalled it plans a single ...

Brazil is expected to post its third annual increase in coffee production this year, a rare sequence seen only seven times in 144 years of coffee history in the world’s ...

The liquefied natural gas (LNG) terminal in Cyprus is back on track and should be finished by the end of the year, China’s ambassador to Cyprus said on Thursday. “...

The U.S. Department of Justice and 15 states on Thursday sued Apple, alleging it used the powerful demand for its iPhone and other products to drive up prices for its ...

Turkey’s central bank unexpectedly raised interest rates by 500 basis points to 50% on Thursday, citing a deteriorating inflation outlook and pledged to tighten further if significant and persistent deterioration in ...

Telecommunications company Cyta is moving ahead with a study on the creation of a new data centre, amidst interest from a total of ten companies, according to Cyta chairperson Maria ...

The pound fell, while UK government bond prices rallied on Thursday after the Bank of England kept interest rates unchanged but sigalled the economy was moving in the right direction ...

The Cyprus Stock Exchange (CSE) on Thursday announced the introduction of 25,000 new government bonds by the Republic of Cyprus. Specifically, the CSE confirmed its acceptance of the introduction of 25,000 Government ...

In response to the ongoing investigation by the Israel Tax Authority (ITA) into Israeli assets in Cyprus, officials from Cyprus’ finance ministry and accounting associations have both acknowledged that the ...

Federal Reserve Chair Jerome Powell said on Wednesday recent high inflation readings had not changed the underlying “story” of slowly easing price pressures in the US as the central bank ...

The Central Bank of Cyprus (CBC) on Thursday reported that a total of 16 bounced cheques, worth €19,388 overall, were issued in February. This resulted in 9 individuals (7 legal entities and 2 natural persons) ...

Holidaymakers in Cyprus are increasingly turning to travel agents for their vacation needs, according to the chairman of the Association of Cyprus Travel Agents (Acta) Charis Papacharalambous. Speaking to state ...

The recent surge in cryptocurrency prices has been driven by retail investors, but institutions are starting to join in, Goldman Sachs’ head of digital assets Mathew McDermott said earlier this ...

British house prices fell by 0.6 per cent on an annual basis in January, after a revised 2.2 per cent decrease in December, the Office for National Statistics (ONS) said. Wednesday’s ...