Business

Greece’s Independent Power Transmission Operator (Admie) said Monday it has signed a memorandum of understanding with a major asset manager interested in acquiring a direct stake in the company ...

Lawmakers on Monday quibbled on whether Cyprus looks set to face fines from Brussels for failure to transpose into domestic law an EU directive regulating the transfer of loans from ...

Freedom Holding Corp. (FRHC), the parent company of Freedom24, this week reported record-breaking results for the fiscal year ending March 31, 2024. During this period, the holding company’s revenue doubled to $1.6 ...

Tourist arrivals in Cyprus displayed a slight yet steady increase in May 2024, compared to the same month last year, with the primary markets sustaining robust performance levels, the Cyprus Statistical ...

Hourly labour costs (total costs) in Cyprus saw a 4.9 per cent increase during the first quarter of 2024, when compared to the same period during the previous year, according to a ...

The Larnaca regional tourism board (Etap) on Monday announced that Larnaca has clinched the fifth spot in DiscoverCars.com’s survey of Europe’s top 20 most scenic driving destinations. This ...

Employment in Cyprus’ broad public sector exceeded 75,000 people in the first quarter of the year, reflecting an increase of 4.1 per cent, primarily due to a rise in employment within the ...

Cyprus’ general government recorded a surplus of approximately €600 million in the first quarter of 2024, reflecting a 58 per cent increase from the previous year, driven by revenue growth outpacing expenditure, according ...

A defendant has the right to know why they are being brought to court in order to be able to defend themselves It is the fundamental right of every defendant ...

The Finance Ministry is contemplating a return to financial markets in the near future, aiming to capitalise on the Cypriot economy’s positive momentum, which has been further reinforced by ...

Minister of Finance, Makis Keravnos on Monday will take part in the Eurogroup and Ecofin meetings, to be held on June 20-21, as well as annual meetings of European Stability ...

By Ioannis A Pitsillos Navigating the VAT regulations in Cyprus is essential for anyone involved in property transactions or short-term rentals. This article provides a detailed overview of the VAT ...

The EU drive towards green energy is seeking to harness a traditionally clean power source – with some tweaks. By Tom Cassauwers Dr Jeremy Bricker, a hydraulics and coastal engineer, is ...

By Michalis Sarris The euro, a symbol of European unity and economic integration, will soon welcome Bulgaria into its fold. Bulgaria, a “partial” member since the introduction of the currency ...

By Maria Demertzis Last week’s European election results were a mixed bag. The European People’s Party and the Social Democrats, traditionally the biggest parties in Europe, held on ...

Last week, CEO Tim Cook’s Apple (AAPL.O) announced a splashy deal with OpenAI to include its powerful artificial intelligence model as a part of its voice assistant, Siri. ...

Here are the top business stories in Cyprus from the week starting June 10: President of the Famagusta Hoteliers Association (Pasyxe), Panayiotis Constantinou, remains cautiously optimistic about the future of tourist ...

Artificial intelligence and US election have emerged as significant risks to businesses this year with an overwhelming 80 per cent of owners worried their insurance will not cover a specific loss, ...

FedEx (FDX.N) is planning to cut between 1,700 and 2,000 back-office jobs in Europe, in its latest push to cut costs as the parcel delivery giant combats a slump in freight ...

The European Union is proposing to sanction Russia’s oil-shipping giant Sovcomflot PJSC (FLOT.MM) in a move to limit the Kremlin’s ability to finance its war against Ukraine, ...

German carmaker Audi will invest one billion euros ($1.08 billion) in electric vehicle projects in the Mexican state of Puebla, the state’s governor said on this week. The investment will ...

The occupancy rate of the aircraft arriving in Cyprus last month reached around 85 per cent and is on the rise as peak season approaches, Hermes Airports said on Friday. Director ...

Apple once again became the world’s most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial ...

Tech and competition watchdog groups have called on the US Department of Justice to probe YouTube, saying the video-streaming platform could enable Google and its parent company, Alphabet (GOOGL.O), ...