Business

Here are the top business stories in Cyprus from the week starting August 28: Hellenic Bank announced on Wednesday that it posted a profit of €160.2 million during the first half of 2023, ...

“Do something not only for yourself but also for others”: an interview with Mariusz Gasiewski, founder of GameCamp by Google, about the future of communities and the tech industry, and ...

Microsoft (MSFT.O) said this week it would unbundle its chat and video app Teams from its Office product and make it easier for competing products to work with its ...

Advocacy group Noyb on Thursday filed complaints against Google-owned Fitbit in Austria, the Netherlands and Italy accusing the fitness tracking company of violating the European Union’s General Data Protection ...

International credit rating agency Standard and Poor’s Global Ratings has upgraded the prospects of the Cypriot economy from stable to positive, citing the ongoing macroeconomic stabilisation. At the same ...

Net new loans in Cyprus showed a modest recovery in July 2023, reaching €300.5 million compared to €240 million in the previous month. For the period from January to July, net new loans ...

Washington has weighed into a dispute between Cyprus and international companies led by Chevron over how to develop a giant offshore gas field, backing the US company’s plan to ...

The Paphos Regional Tourism Board (Etap) this week reported that it expects increased flight activity during the winter season of 2023-2024. In an official statement, Etap executive director Nasos Hadjigeorgiou ...

Cyprus’ industrial producer prices saw a 3 per cent decline in July 2023 compared to the same month in 2022, according to data provided by the Cyprus Statistical Service. However, the year-to-date figures ...

Cyprus has witnessed a significant increase in the turnover of services during the second quarter of 2023 when compared to the same period in 2022. This growth has been noted across all ...

By Ioannis Tirkides The economic environment has been relatively fluid in recent weeks and months. Headline inflation has declined, while core inflation has remained uncomfortably high. In Europe, economic activity ...

Alphabet’s (GOOGL.O) Google said on Wednesday it introduced generative artificial intelligence to its Search tool for users in India and Japan that will show text or visual results ...

Cyprus’ national Fiscal Council this week called for immediate planning to gradually address the government’s debt to the Social Security Fund, amidst ongoing surplus reports in the general government ...

Cyprus experienced a decrease in acceptance deposit rates (for new placements) within its banking system during the month of July, despite consecutive increases in the European Central Bank’s (ECB) ...

The Cypriot economy experienced a notable deceleration in its growth rate during the second quarter of 2023, with GDP growth slowing to 2.1 per cent compared to the same period in 2022. This ...

Cyprus has submitted to the European Commission the revised Recovery and Resilience Plan, incorporating the REPower EU chapter with additional funds of €104 million, as well as revised timeline of landmarks, ...

By Andrey Afanasiev Embedded finance changes the way people interact with financial services. Nowadays, financial companies are the points of contact for financial services customers. For example, when we purchase ...

The European Central Bank may need to raise interest rates further, Austrian central bank chief Robert Holzmann said on Thursday, just as fresh figures showed euro zone inflation steadied in ...

A court ruling siding with Grayscale Investments is a big boost for the cryptocurrency industry’s decade-long effort to launch an exchange-traded fund that tracks bitcoin, even if it does ...

To buy back, or not to buy back. The highest US interest rates in over 20 years coupled with Wall Street’s remarkable resilience has brought an old boardroom dilemma into ...

The European Central Bank needs to measure the impact of the digital euro on the euro zone’s banking system before any final decision on its potential launch, Spain’s ...

Turkey’s economy grew by a more-than-expected 3.8 per cent in the second quarter due to strong household spending, data showed on Thursday, but activity should slow through year-end as election-related ...

Britain’s financial watchdog has stopped short of referring parts of the financial data market to the competition authority for now despite concerns over the power of large companies, it ...

Artificial Intelligence (AI) has revolutionized various industries, and debt management is no exception. With its ability to analyze massive amounts of data and make complex decisions in real-time, AI is ...