Business

Cyprus’ state budget deficit for 2023 increased by €80 million, compared to the deficit recorded in 2022, according to the state’s fiscal report submitted to the House of Representatives this week. Specifically, ...

DP World, a global logistics company, hosted Transport Minister Alexis Vafeades and Shipping Deputy Minister Marina Hadjimanolis, at its Dubai Headquarters on March 25-26, according to a statement released this ...

Interior Minister Constantinos Ioannou addressed the 18th Real Estate, Land Development, Planning, and Construction Conference on Wednesday, outlining recent developments in the real estate sector, as well as the government’...

The total sales of petroleum products in Cyprus reached 115,421 tons in February, marking a 7.1 per cent increase compared to February 2023, according to a report released on Wednesday by the Cyprus ...

Britain’s financial watchdog set out guidelines earlier this week to stop misleading adverts on social media, and warned “influencers” that promoting a financial product without regulatory approval could be ...

Renault (RENA.PA), opens new tab plans to sell a stake of about 2.5 per cent in Nissan (7201.T), opens new tab shares to the Japanese carmaker in a deal that ...

Japan’s finance minister issued his strongest warning to date on Wednesday about yen weakness as it fell to a 34-year low against the dollar, saying authorities could take “decisive ...

Cyprus Securities and Exchange Commission (CySEC) revealed on Wednesday it would go tough on scrutinising the cross-border activities of Cypriot Investment Firms (CIFs) involved in distributing complex financial products. In ...

The Cyprus Chamber of Commerce & Industry (Keve) on Wednesday successfully held its ‘Cyprus-Estonia: Promoting Bilateral Collaborations‘ event, as part of the official visit of the President of Estonia Alar ...

Cyprus saw a decrease in net demand for new business loans in the final quarter of 2023, continuing a downward trend observed since the first quarter of 2022, albeit to a lesser ...

Real estate investment has long been heralded as a cornerstone of wealth building, offering both immediate income through rental yields and long-term capital appreciation. Its tangible nature, combined with the ...

The Bank of Cyprus’ appeal against a €950,000 fine levied against them in 2014 was accepted by the Supreme Court on Wednesday. The fine had been levied by the Cyprus Securities and ...

Are you thinking of starting your trading journey? Well, Osson Trust Group gets you covered. Newbies track down the financial trade or unfamiliar trade irksome and test to pick the ...

International rating agency, Morningstar DBRS this week slightly downgraded its estimates for Cyprus’ economic growth in 2024 to 2.4 per cent, compared to the 2.5 per cent forecasted in December. However, it significantly ...

The Finance Ministry on Wednesday released a statement welcoming the outcomes of the European Commission’s recent in-depth review, highlighting that they “demonstrate the government’s sound economic policies and ...

The Chartered Financial Analyst (CFA) Society Cyprus recently held an educational interactive day focused on private equity and investment funds. The event involved the presence of members of the association, ...

Cyprus took part in the International Food and Drink Event (IFE) this week, promoting a number of products at the three-day international food and beverage event, that opened its doors ...

The electricity authority (EAC) has been left in the lurch and smart meter installation has again fallen into a state of limbo, after the administrative court’s decision to forbid ...

Interior Minister Constantinos Ioannou addressed the 18th Real Estate, Land Development, Planning, and Construction Conference on Wednesday, outlining recent developments in the real estate sector, as well as the government’...

Energy Minister George Papanastasiou travelled to Israel on Wednesday to meet his Israeli counterpart Eli Cohen. The pair are set to discuss the planned electrical interconnector which, if constructed, will ...

Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates (UAE) become more ...

The Federal Reserve said on Tuesday that it officially saw a net negative income of $114.3 billion in 2023, a record loss tied to expenses related to managing the US central bank’...

The European Commission this week released a report noting that Cyprus’ economy is on a healthy trajectory, expecting both GDP to grow and inflation to decrease. However, it added that ...

Visa (V.N) and Mastercard (MA.N) reached an estimated $30 billion settlement to limit credit and debit card fees for merchants, with some savings likely to be passed on to ...