Business

The Bank of Cyprus on Thursday announced that it has acquired a restructured loan portfolio, with a total gross accounting value of €58.4 million, as of December 31, 2022, from state-owned asset management ...

Paphos hoteliers are pessimistic about the volume of guests they will see in the coming weeks, citing low visitor numbers, based on the reservations they have recorded so far. President ...

Cyprus Chamber of Commerce and Industry (Keve) president Stavros Stavrou, along with members of the chamber’s executive committee, on Thursday met with the UN Secretary-General’s recently appointed envoy ...

Zara-owner Inditex’s shares rose to a record high after it reported positive early spring sales, boosted by upmarket fashions and continuing the strong momentum that saw its 2023 revenue growth ...

The Consumer Protection Service (CPS) and the Advertising Control Agency (ACA) this week signed a 5-year memorandum of understanding (Mou), aiming to inform consumers about the commercial pursuit of posts ...

Shuna Group, an international investment company, recently hosted a three-day event in Larnaca, showcasing the opportunities for investing in the city’s real estate sector, with this initiative receiving support ...

The Cyprus Shipping Chamber (Kne) this week held a meeting focused on the regulatory framework governing the EU Emissions Trading System (EU ETS), which came into effect on January 1, 2024. The ...

“In the realm of digital and business transformations, the path to success is fraught with challenges, with a startling reality that 70 per cent of these initiatives fail”, said Andreas Papadopoulos, ...

For yet another year, Cablenet has achieved double-digit revenue growth. Specifically, in 2023, it reached €74.3 million compared to €63.9 million in 2022, translating to a 16.2 per cent increase. This growth is largely attributed ...

Methane emissions from the energy sector remained near a record high in 2023 despite a raft of commitments from the oil and gas industry to plug leaking infrastructure, a report by ...

Eurobank has surpassed initial expectations with its financial results for the year 2023, setting the stage for a robust business plan spanning 2024 to 2026, with the aim of positioning the group as ...

A U.N.-backed banking climate coalition on Wednesday released updated guidance for members requiring them to disclose more about how they plan to cut carbon emissions, including for the ...

The Council of Ministers has greenlit a forward-thinking budget aimed at facilitating the installation of electric car chargers in businesses. “This initiative is strategically designed to address the burgeoning demand ...

Corporate dividends globally hit an all-time high of $1.66 trillion in 2023, with record payouts by banks making up half of the growth, a report showed on Wednesday. On a worldwide basis, 86 ...

German sportswear giant Adidas posted its first annual loss in more than 30 years on Wednesday and warned sales in North America would fall again as sportswear retailers in the U....

The Council of Ministers on Wednesday approved a budget of €25 million for the creation, modernisation, and digital upgrade of processing units for the marketing of agricultural products. The plan is ...

The introduction of a reliable tool for assessing the degree of compliance with ESG (Environmental, Social, Governance) criteria that companies must meet to ensure their sustainable development, will be introduced ...

TLDR Shiba Inu has surged 235% thus far in 2024, and experts foresee more growth. Arbitrum has gained 37% thus far in 2024, and analysts believe bulls will persist. Rebel Satoshi promises a 525% presale ...

Italy plans to set up an investment fund with an initial endowment of 1 billion euros ($1.09 billion) to promote Artificial Intelligence (AI) projects, Prime Minister Giorgia Meloni said on Tuesday. Backed ...

High-level officials from the Chinese-led consortium responsible for constructing the liquefied natural gas (LNG) terminal at Vasiliko are expected to visit within the week, according to Energy Minister George Papanastasiou. ...

A statutory tenancy relates to the premises, presupposing a tenancy and is connected with the right of the statutory tenant to remain in possession and not be evicted as long ...

TLDR Details of Sei’s upcoming upgrades could boost its performance. Optimism’s (OP) market capitalization has grown by $1.7 billion since late February as its bullish momentum increases. NuggetRush (NUGX) ...

Cyprus has signed an Enterprise Agreement with tech giant Microsoft to enhance the island’s digital transformation and improve the public sector’s efficiency. The €8 million agreement was signed by ...

The crypto market took a break from people investing in BTC ETFs after Solana posted a new record. On March 9, 2024, Solana’s (SOL) price rose to $150, buoyed by the increase ...