Business

Electricity prices are unlikely to drop over the next two years, given the absence of natural gas and the lack of storage for energy generated by renewables, the head of ...

The Central Bank of Cyprus (CBC) has issued a warning regarding the risks associated with investing in crypto-assets, stressing the need to safeguard financial stability and protect consumers. In a ...

Vehicle registrations in Cyprus fell by 3.9 per cent in January 2025, reaching 4,077 compared to 4,243 in the same month last year, according to a report from the statistical service. Passenger saloon car ...

Cyprus’ trade deficit for 2024 stood at €8.13 billion, improving from €8.47 billion in 2023, according to provisional data from the statistical service. This came despite a sharp increase in total imports of goods ...

Stories of little deposits becoming life-changing riches abound in the crypto industry. Although Ripple (XRP) has taken the front stage lately, it is not the only reasonably priced altcoin with ...

British house prices rose by more than expected last month as some buyers rushed to complete sales before an increase in property purchase taxes at the start of April, according ...

Activity among British construction firms shrank sharply in January, marking the first contraction in almost a year, according to a survey, that also showed cost pressures escalating. The S&...

Maersk announced that it expects to grow its business to track an expected 4 per cent growth in global container shipping this year, even as profits are set to decline and ...

The Rent Control Law, depending on the case, sets specific conditions for the issuance of an eviction order for a statutory tenant, which are set cumulatively and not alternatively. The ...

Corporate treasurers are ramping up efforts to guard company earnings against more dollar strength, a move that some analysts said points to increased conviction that President Donald Trump’s tariff ...

S&P Global Ratings has upgraded the long-term issuer credit rating of Bank of Cyprus Public Co. Ltd. (BoC) to ‘BBB-’ from ‘BB+’, reflecting improvements in the Cypriot banking ...

Europe’s battery storage capacity is expected to grow around five-fold by 2030, bringing with it increasing returns for energy majors, project developers and traders, as the cost of new projects ...

Cypriot banks have lowered their key interest rates, with expectations of further reductions throughout 2025, in response to decisions made by the European Central Bank (ECB), according to a report from ...

The European Central Bank hopes US President Donald Trump’s plan to support cryptocurrencies pegged to the US dollar will speed up legislative backing for the digital euro, ECB board ...

Britain is under pressure from bond dealers and investors to sell fewer long-dated government bonds – which briefly slumped in value earlier this year – as it seeks to finance around 300 billion ...

European Central Bank interest rates have room to fall further as inflation moderates, ECB board member Piero Cipollone said, warning that the US administration’s trade war with China could ...

Here are the top business stories in Cyprus from the week starting February 3: Non-profit social venture and think tank CyprusInno, powered by SocialTech Lab, has successfully concluded the 2024 Academy for ...

European data centres will expand capacity by 22 per cent this year and yet struggle to meet demand, raising the risk Europe will be left be further behind in the race ...

Alphabet has announced that it will spend $75 billion on its AI buildout this year, 29 per cent more than Wall Street expected, and investors signaled disappointment at a missed cloud revenue ...

British investors yanked a net 640 million pounds ($799 million) from equity funds in January, ending a long run of inflows, as UK-focused funds suffered their sixth-biggest monthly net withdrawals on record, ...

Registrations for new electric vehicles in the UK rose in January but their market share remained short of the 28 per cent mandate for the year, industry data showed. The Society ...

Spain’s services sector continued to expand in January, although at a slower pace than in December, as new business volumes rose sharply, according to a survey by S&...

Cyprus Stock Exchange (CSE) president Marinos Christodoulides, has called for greater state support for the exchange, saying that it has a critical role as a tool for economic and corporate ...

Following the publication by the EU of ‘Justice-focused approach key to effective energy poverty solutions’, energy poverty in Europe was again in the news last week. This is based on ...