Business

The government and Chevron have agreed on the terms for developing the ‘Aphrodite’ gas field in block 12 of Cyprus’ exclusive economic zone (EEZ), the energy ministry announced on Friday. Negotiations ...

Deputy Minister of Tourism Kostas Koumis on Friday said that tourist arrivals from Poland are expected to exceed 300,000 in 2024, after having conducted a number of meetings with tourism stakeholders in ...

Southeastern Mediterranean countries, including Cyprus, “can pioneer the hydrogen economy”, Cyprus Energy Regulatory Authority (Cera) chairman Andreas Poullikkas said. Poullikkas was speaking at a conference on the subject of energy ...

Real estate market sees €1.4 billion in property transfers, while sales documents hit €3.3 billion The Cyprus real estate market showcased remarkable resilience amid prevailing challenges, marking impressive achievements from January to ...

A mix of global economic unease and geopolitical uncertainty means optimism is in short supply among bankers from the City of London to Frankfurt’s ‘Mainhattan’ financial district. Even rainmakers ...

A stellar rally in equities and bonds suggests market confidence is high for the world economy to reach a soft landing after a run of aggressive interest rate hikes. Yet ...

Low occupancy rates will be observed at hotels in December, the head of the Cyprus Hotels’ Association (Pasyxe) Thanos Michaelides said on Friday. He said that hotels that will operate ...

Despite the recent halving, Bitcoin’s price doesn’t seem to have a bad prediction. Ethereum, on the other hand, is steadily going up and is projected to rise by ...

Oil prices pared losses on Friday, after falling sharply in early trade and by over 2 per cent on Thursday on perceptions that the voluntary oil output cuts agreed by OPEC+ ...

Goldman Sachs on Friday said it now expects the European Central Bank (ECB) to deliver its first interest rate cut in the second quarter of 2024, compared to an earlier forecast ...

Dive into this week’s thrilling crypto landscape where the resilient Terra Classic (LUNC) makes a surprising 60% leap, defying odds and expectations. In the same arena, VC Spectra (SPCT) emerges ...

Investors from established platforms like Uniswap (UNI) and Filecoin (FIL) are increasingly being drawn to VC Spectra (SPCT), a promising blockchain ICO. UNI’s UniswapX protocol surpassed $1 billion in trading ...

As a renewed bearish force ravages the crypto market, top crypto coins like Bitcoin Cash (BCH) and Stellar (XLM) have started bleeding. Meanwhile, Rebel Satoshi ($RBLZ), an upcoming meme coin, ...

Cyprus-based maritime technology firm Tototheo Maritime has broadened its services, announcing a substantial expansion into the land enterprise market, according to a statement released on Thursday. The move sees the ...

Kaspa (KAS) And Ethereum Classic (ETC) are two alt-L1s vying to become the number one smart contract platform. However, could Pullix (PLX) outperform both in terms of gains during ...

The leadership of the Cyprus Hoteliers Association (Pasyxe) had the opportunity to gather insights into contemporary challenges faced by the Greek hotel industry, as well as upcoming international trends and ...

The Industrial Production Index in Cyprus reached 142.9 units in September, with 2015 having been designated as the base year, reflecting a 2.5 per cent annual increase. According to a report released this ...

Eurobank Cyprus has successfully completed the certification process for its Environmental Management System, adhering to the principles of the international standard ISO 14001:2015, according to an announcement released on Thursday. This ...

The Cyprus Securities and Exchange Commission (CySEC) has seen a significant increase of 12 per cent in entities under its supervision over the last four years, according to George Karatzias, the ...

Billionaires increased in numbers and overall wealth last year, Swiss bank UBS (UBSG.S) said on Thursday, with the fortunes inherited by the newly-minted super-rich exceeding cash generated by self-made ...

Metro Bank (MTRO.L) on Thursday announced sweeping cost-cutting plans aimed at bolstering its finances, which could see the embattled British lender lay off 20 per cent of its staff and ...

A Limassol court this week found in favour of a group of depositors with now-defunct Laiki (Popular) Bank who saw their savings wiped out in the March 2013 ‘haircut’, awarding them €5.7 ...

OPEC+ oil producers are likely to agree output cuts of at least 1 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its voluntary additional ...

In a move set to propel the technology sector’s momentum further, Cyprus expects significant growth from the proposed modernisation of the legislative framework governing citizenships. According to InBusiness News, ...