Business

Eurostat’s latest data reveals significant developments in European tourism for the year 2023. Among the notable findings is Cyprus’s anticipated 20 per cent growth in tourism, securing the second-highest increase ...

EU Finance Ministers, including Cypriot minister Makis Keravnos, have said that gradual recovery is expected in 2024, but have warned that this will be in an environment of heightened uncertainty and ...

A Turkish Cypriot lawyer arrested in Italy over selling property in the north filed an objection to Cyprus’ extradition request on Tuesday, arguing the central prisons would not be safe ...

Toy makers grappling with surging costs in China are finding no easy options when it comes to shifting production to cheaper centres elsewhere. Six years ago, monopoly maker Hasbro (HAS....

Tempers flared in parliament on Tuesday when MPs piled on Commerce Minister George Papanastasiou, berating him for the fact that thousands of companies face hefty fines for not having registered ...

Business chief executives have expressed greater optimism about the economic prospects in 2024 than they had done for the previous year, with a many having plans to expand their workforce in ...

The government will decide by the end of the month whether the Cypriot state will invest in the mooted Great Sea Interconnector project, Energy Minister George Papanastasiou said on Tuesday. ...

Japanese shipping operator Nippon Yusen suspended sailings through the Red Sea on Tuesday after Yemen’s Houthi movement vowed to step up attacks on vessels in the region. The Iran-allied ...

Commissioner of the Environment, Antonia Theodosiou, said it was critical for businesses to align with the newly established framework of the European Green Deal. At a workshop titled “How do ...

Finance Minister Makis Keravnos expressed concerns that the tensions in the Red Sea could fuel more inflation. Speaking to CNA from Brussels, where he attended sessions of the Eurozone Finance ...

Energy Minister, George Papanastasiou, said that integrating RES into conventional power generation was vital for reducing energy costs. “The way ahead is now green,” said Papanastasiou explaining that “the cost ...

Toyota Motor (7203.T) plans to produce about 10.3 million vehicles globally in 2024, renewing its record annual production for the second consecutive year, the Nikkei reported on Monday. Toyota is preparing to ...

We’ve all been there. A sudden unexpected expense pops up, or perhaps a layoff or illness has drastically reduced your income. During these stressful times, it can be tempting ...

Cyprus ranked sixth among the most searched travel destinations for Britons in 2023, according to data released by Google. Topping the list is Greece, followed by Spain, Italy, Portugal and Croatia ...

Global banks could boost their valuations by a combined $7 trillion in the next five years if they take major steps to promote growth and boost productivity, the Boston Consulting Group ...

Greece has begun preparations for the sale of 30 per cent stake in Athens International Airport through an initial public offering (IPO) and separate agreements with shareholders AviaAlliance and the Copelouzos ...

Cyprus Statistical Service (Cystat) reported a 1.5 per cent annual increase in total beer sales for 2023, on Monday, January 15. The total beer deliveries for the year reached 42.13 million litres, a slight ...

Despite the challenges posed by the ongoing conflict in Gaza and in Ukraine, the number of foreign tourists expected to visit Cyprus in 2024 will be very similar to 2023, if not ...

Mafia on both sides of the divide in Cyprus seem to be cooperating in selling off Greek Cypriot properties in the north to foreigners, HP party leader Kudret Ozersay said ...

Two newly-built Japanese cargo ships that will fly the Cyprus flag were officially named by Deputy Shipping Minister Marina Hadjimanoli during her recent trip to Japan, while more are expected ...

Banks in Cyprus and Hungary are the most profitable for shareholders, the European Banking Authority (EBA) said on Friday, regarding the risk of Eurozone banks. As of the end of ...

Microsoft (MSFT.O) on Thursday briefly overtook Apple (AAPL.O) as the world’s most valuable company for the first time since 2021 after the iPhone maker’s shares made a ...

A notable upswing in the adoption of eco-friendly vehicles was seen in 2023 Cyprus, the Cyprus Statistical Service (CSS) said on Monday. In total, passenger saloon registrations reached 36,608, a slight dip ...

Fuel prices saw a marginal decrease over the past week, contrary to expectations that accompanied the reduction in the consumption tax rates for motor fuels. The reduced tax rates, effective ...