Business

The point of contention has been “overcome” regarding the development of the Aphrodite gas field off the coast of Cyprus, Energy Minister George Papanastasiou said on Wednesday. Speaking after a ...

The Consumer Price Index (CPI) in Cyprus exhibited a yearly growth rate of 1.6 per cent in March, a decline from the 2.1 per cent recorded a month earlier, according to Eurostat’...

Cyprus’ retail trade cycle value index experienced a notable increase of 5.8 per cent in February, compared to the corresponding month in 2023, according to a report released on Wednesday by the ...

Deputy Minister of Tourism Kostas Koumis announced on Wednesday a grant scheme aimed at the revival of rural, mountainous, and remote areas, with a total budget of €4 million. It should ...

Beneficiaries in the mortgage-to-rent scheme are being extended to further aid the financially vulnerable, cabinet decided on Wednesday. Announcing the decision, Finance Minister Makis Keravnos said the move aims to “...

Valentina Georgiadou has been appointed as the new Financial Commissioner, vacating her previous role as Deputy Financial Commissioner, according to an announcement made on Wednesday. Following a cabinet meeting on ...

The Neocleous Tower, an office building located in the centre of Limassol, will set new standards for environment-focused, commercial real estate in Cyprus. ‘Our idea to develop a ‘green’ sustainable ...

Turkey’s annual inflation rate climbed to 68.5 per cent in March, data showed on Wednesday, underscoring a major reason for the massive losses sustained by President Tayyip Erdogan’s party ...

Fitch Ratings maintained Israel’s ‘A+’ sovereign credit rating on Tuesday and removed the country from “rating watch negative” (RWN) but said Israel’s war against Islamist group Hamas in ...

Oil prices extended gains on Wednesday as investors eyed concerns around crude and fuel supplies, following Ukrainian attacks on Russian refineries and the potential for a widening of the Israel-Hamas ...

The Cyprus Association of Nursing Home Owners has decided to become a member of the Cyprus Chamber of Commerce and Industry (Keve), according to a statement released this week. According ...

The Cyprus Chamber of Commerce and Industry (Keve) in collaboration with the Ministry of Energy, Commerce, and Industry this week announced the start of applications for the latest edition of ...

The Cyprus Borrowers Association (Syprodat) this week released a statement expressing appreciation for the government’s third support package aimed at alleviating the burden on vulnerable groups, while also noting ...

The government is moving towards imposing rents on state-owned properties based on usage rather than market value, in an attempt to resolve any discrepancies observed in industrial areas and zones, ...

“At Freedom Finance Europe, we’re not just driven by ESG principles; we’re motivated by a profound respect for Cyprus and its people. Our commitment to promoting Cyprus’ sports, ...

Agriculture Minister Maria Panayiotou on Tuesday said that the ministry’s goal is to increase the sector’s contribution to the country’s GDP, combined with enhancing its sustainability to ...

Serious concerns were raised on Tuesday over whether the company assigned to take on the expansion and restoration of Larnaca port will be able to complete the works. The company, ...

Russia’s Baltika Breweries has sued four Carlsberg subsidiaries for damages amounting to 6.24 billion Danish crowns ($902 million), Russian court filings showed, as the two parties fight over the future of ...

Google agreed to destroy billions of data records to settle a lawsuit claiming it secretly tracked the internet use of people who thought they were browsing privately. Terms of the ...

British house prices rose in March at their fastest annual pace since December 2022, adding to signs of a modest recovery in the market which has been squeezed by high interest ...

UBS (UBSG.S) on Tuesday announced it was launching a new share buyback programme of up to $2 billion, with up to half being completed in 2024. The scheme will begin on ...

The Cyprus Statistical Service (Cystat) on Tuesday released a report showing an increase in the average gross monthly earnings of employees during the fourth quarter of 2023, when compared to the ...

The accommodation and food service sector was the second-largest contributor to both the economy and employment in Cyprus in 2021, according to Eurostat, the EU’s statistical service. Specifically, accommodation and ...

Prices in British shops rose at the slowest pace in more than two years in March, the British Retail Consortium (BRC) said on Tuesday, adding to signs that the country’...