Business

Cyprus’ trade deficit for the period of January to August 2023 reached €5.8 billion, compared to €5.2 billion during the same period in 2022, according to a report released this week by the state’...

Cyprus has witnessed a notable increase in bounced cheques, with 26 such incidents totalling €276,202 reported in September 2023 alone. This concerning trend has landed 15 individuals (comprising 12 legal entities and 3 individuals) on the ...

Limassol port management company DP World recently concluded a three-month internship programme for students specialising in shipping and related fields, in a bid to strengthen its ties with the local ...

Toyota Motor (7203.T) and Idemitsu Kosan (5019.T) have formed an alliance to develop and mass-produce all-solid-state batteries for electric vehicles, the companies said on Thursday. The partnership follows an announcement ...

Birkenstock’s (BIRK.N) stock ended more than 12 per cent below its initial public offering (IPO) price on Wednesday in an underwhelming Wall Street debut that signaled investors remain cautious ...

No agreement has been reached on the extension of a concession contract for the airport management company’s obligations regarding management and development of Larnaca and Paphos airports, the finance ...

MiCA (Markets in Crypto Assets) is Europe’s all-encompassing crypto regulation set for December 2024. This policy recently gained more consultative changes around areas like sustainability indicators for blockchains and technical ...

The total amount of sales conducted across Cyprus’ divide within the scope of the Green Line regulation increased by almost 13 per cent in the first six months of 2023, compared with ...

Cyprus’ construction sector has seen significant developments in the third quarter of 2023, with both price indices and production on the rise, according to a report released this week by the ...

Ex-Formula One boss Bernie Ecclestone was spared an immediate prison sentence on Thursday after he pleaded guilty to misleading Britain’s tax authority about overseas assets worth more than 400 million ...

Dogecoin (DOGE) has announced to honor the Shiba Inu dog that is behind the famous internet meme. Meanwhile, TRON (TRX) announced a new exciting partnership with GT Protocol. On the ...

Cyprus’ tourism sector is jittery as concerns are mounting that the conflict in neighbouring Israel could see its second largest market dwindle. President Nikos Christodoulides held a meeting on Thursday ...

The Cyprus Chamber of Commerce & Industry (Keve) on Thursday announced that it has partnered with the EU-Georgia Business Council and received support from the Cyprus-Georgia Business Association, in a ...

OpenAI plans to introduce major updates for developers next month to make it cheaper and faster to build software applications based on its artificial intelligence models, as the ChatGPT maker ...

A group of Japanese firms will issue a digital currency by July 2024 for the transaction and settlement of clean energy certificates, cryptocurrency exchange DeCurret said on Thursday. GMO Aozora Net ...

Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou is participating in the annual meetings of the World Bank and the International Monetary Fund (IMF), taking place this week ...

British airline easyJet (EZJ.L) said on Thursday it had reached a proposed deal with Airbus to expand its fleet by up to 257 additional aircraft, plotting its growth beyond 2028, with ...

Cyprus has reported a government surplus of €881.9 million, equivalent to 3.1 per cent of the Gross Domestic Product (GDP), according to preliminary fiscal results released by the state’s statistical service ...

Cyprus experienced a substantial improvement in its current account deficit during the second quarter of the year, which narrowed to €346.1 million from €1.04 billion in the same period last year, according ...

Exxon Mobil (XOM.N) is expected to say on Wednesday it will buy US rival Pioneer Natural Resources (PXD.N) for about $60 billion, a deal that puts it atop the ...

British employers cut their job vacancies for the first time in more than two-and-a-half years in September and reduced their hiring again, a recruiters’ industry body said on Wednesday, adding ...

The International Monetary Fund (IMF) has painted a positive picture of Cyprus’ fiscal outlook, predicting significant primary surpluses and a substantial reduction in public debt, expected to dip below the ...

Cyprus has experienced a 3.85 per cent reduction in ship management revenues for the first half of 2023, according to a survey on ship management conducted by the Central Bank of Cyprus (...

The interior ministry on Wednesday announced it will be simplifying the application process for low-risk developments through changes in the legislation. The legislation will abolish the obligation to secure a ...