Stay informed with the latest business and economy news from Cyprus and around the globe. This section covers key developments in finance, energy, tourism, technology, entrepreneurship and the corporate sector.
The agriculture ministry this week launched a new price observatory for fruit and vegetable products named ‘e-Kofini’, aimed at ensuring transparency and fair prices in the local market.
The platform ...
Aston Martin (AML.L) posted a bigger-than-expected first-quarter pretax loss earlier this week as the British luxury carmaker made fewer cars and burned more cash than analysts anticipated, sending its ...
British manufacturing fell back into contraction in April and cost pressures escalated, although the pace of decline was a little less marked than first feared, a survey showed on Wednesday.
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Amazon.com reported quarterly results above Wall Street’s expectations this week, as interest in artificial intelligence helped drive cloud-computing growth.
CEO Andy Jassy told analysts that for Amazon “there ...
The Cyprus Securities and Exchange Commission (CySEC) welcomed the findings of a Moneyval report released a day prior regarding progress made in addressing money laundering and terrorism financing.
Moneyval is ...
Apple’s quarterly results and forecast beat modest expectations on Thursday, as the iPhone maker unveiled a record share buyback program, sending its stock up 6 per cent in extended trade.
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With the way the crypto industry is going, we see a lot of hope and enthusiasm in many investors, as the likes of Hougan see Bitcoin as ‘Non-Debt Money’ with ...
Cyprus’ Industrial Turnover Index reached 124.3 units in February 2024, with 2021 being the base year, set at 100 units, marking a 5.2 per cent increase compared to the same month in 2023.
According to a ...
The Research and Innovation Foundation (RIF) this week announced the launch of two new programmes, titled Excellence and Post-Doc respectively, with a total budget of €14.5 million.
According to the announcement, ...
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The Injective team has announced that Injective 3.0 is now live on the mainnet and will help to decrease INJ’s supply in the coming years.
The price of Solana ...
Turkey stopped all exports and imports to and from Israel as of Thursday, the Turkish trade ministry said, citing “worsening humanitarian tragedy” in the Palestinian territories.
“Export and import transactions ...
The Cyprus Statistical Service (Cystat) announced on Thursday that the government’s surplus for the period January-March 2024 reached €523 million, equivalent to 1.7 per cent of the GDP.
This marks an increase ...
Cyprus’ Producer Price Index in Industry reached 121.5 units in March, with 2021 acting as the base year, set at 100 units, marking an annual decrease of 3.9 per cent, marking the ninth consecutive ...
Limassol port has seen a substantial rise in wheeled cargo traffic since DP World Limassol (DPWL) took over its operation, processing around 60,000 multipurpose Ro-Ro units (Roll-on, Roll-off) in 2023 alone, according ...
Moody’s on Thursday beat Wall Street estimates for first-quarter profit, helped by demand for its research and analytics products.
The New York-based company recorded robust sales of its products ...
The global economy is growing faster than expected only a few months ago thanks to resilient US activity while inflation is converging more quickly than expected with central banks’ targets, ...
Cyprus’ retail sector experienced a significant upturn in March 2024, according to a report from the Cyprus Statistical Service (Cystat) released on Thursday.
The report disclosed a 5.5 per cent increase in ...
Inflation soared to its highest level since October 2023 in April of this year, according to a report released on Thursday by the Cyprus Statistical Service (Cystat), reigniting concerns amongst consumers ...
Limassol port has seen a substantial rise in wheeled cargo traffic since DP World Limassol (DPWL) took over its operation, processing around 60,000 multipurpose Ro-Ro units (Roll-on, Roll-off) in 2023 alone, according ...
The acquisition of CNP’s insurance operations in Cyprus and Greece is expected to lead to increased and more varied revenue streams for Hellenic Bank, according to a report released ...
A recently held property conference held in Larnaca expressed great confidence about the city’s real estate prospects, while also providing assurances that the redevelopment of the port and marina ...
Cyprus has rejected the new proposal by consortium Chevron, NewMed Energy, and BG Cyprus (Shell) to develop the ‘Aphrodite’ natural gas field in block 12 of the exclusive economic zone (EEZ), ...
Starting a business always seems like an interesting adventure. After all, you are most likely turning what you love doing into something you want to share with other people. However, ...
Leading PayTech firm payabl., which has offices in Cyprus, Germany, Netherlands and the United Kingdom, on Thursday marked a significant achievement as it commemorated 12 years as a principal member of ...