Business

The economic climate in Cyprus worsened in December 2023, accompanied by increased economic uncertainty, according to a report released this week by the University of Cyprus’ Economic Research Centre (CypERC). According ...

Cyprus witnessed a significant surge in retail trade during November 2023, indicating promising growth within the sector, according to a report released this week by the Cyprus Statistical Service (Cystat). According ...

South Korea’s Hyundai Motor Co (005380.KS) and affiliate Kia Corp (000270.KS) forecast on Wednesday that their combined global sales will rise about 2 per cent in 2024, even as last year’...

Precisely when the Federal Reserve will start cutting interest rates stands as the big unknown for markets and economists as 2024 kicks off, and fresh details about its pivot in that ...

The economic sentiment in Cyprus deteriorated in December 2023, decreased by 4.6 points compared to the previous month, the Economic Sentiment Indicator (ESI-CypERC) revealed on Wednesday. According to the Economics Research Center ...

Hellenic Bank has rolled out a Sustainable Financing Framework, as part of its commitment to support the economy’s transition to sustainability, seeking to bring a long-term positive impact for ...

Restaurants and bars in the Larnaca district are content with the business they received during the Christmas and New Year holidays, according to Tony Konnaris, the district secretary of Pasika, ...

International credit rating agencies have confirmed the exact dates upon which they will announce the results of their evaluation of Cyprus’ economic standing in the coming year. It should be ...

The crypto landscape is changing as Pullix (PLX), Cosmos (ATOM), and Synthetix (SNX) emerge as formidable altcoins. While you may be familiar with ATOM and SNX, PLX is a new ...

Paphos hotels experienced a moderate occupancy rate in December, ranging between 35 and 40 per cent, according to Evripides Loizides, president of the Paphos Hoteliers’ Association (Pasyxe). Loizides also said that the ...

British business leaders have turned more pessimistic about the outlook for the country’s economy and they are holding back on investment decisions, according to a survey published on Wednesday. ...

TLDR Aave (AAVE) is set to recover from its early December dip. NuggetRush (NUGX) is among the few meme coins that offer great real-world utility. The fourth quarter of the ...

Global stock markets were lacklustre on Wednesday, while the dollar stayed strong, as market optimism about early US interest rate cuts ebbed and the latest escalation of hostilities in the ...

Every day sees an evolution in crypto, in some way, because the market is constantly shifting. Staying up to date with new headlines that come out is key to knowing ...

The dollar eased slightly on Wednesday though it stayed near a two-week high, underpinned by a confluence of factors including elevated US Treasury yields and a cautious turn in risk ...

Oil prices were little changed in Asian trade on Wednesday after sharp moves earlier in the week, as markets weighed concerns about the US economy against potential supply disruptions from ...

Workers at the Cyprus Telecommunications Authority (Cyta) on Wednesday said they would ramp up industrial action this month, calling a 24-hour strike for January 16. The announcement was made jointly by ...

Cypriot banks saw a rise in deposits and loans during November 2023, according to the Monetary and Financial Statistics report, valid as of December 2023, released by the Central Bank of Cyprus (...

Consulting and advisory firm PwC Cyprus on Tuesday released its tax guide for 2024, providing a valuable source of information on the tax framework of Cyprus for 2024. According to the announcement, ...

Eurozone factories ended 2023 on the back foot, with activity contracting in December for an 18th straight month, according to a survey which gave scant signs of any imminent strong bounceback ...

OpenAI’s annualized revenue recently topped $1.6 billion on strong growth from its ChatGPT product, up from $1.3 billion as of mid-October. This was first reported by the Information last week, citing ...

Cyprus’ electronics and appliance market is expected to experience additional growth in 2024, according to John Vasilakos, Vice President and CEO of Kotsovolos – Dixons South East Europe. Speaking to local news ...

Hotels in the Famagusta district are expected to see occupancy rates ranging between 20 and 30 per cent during January and February, according to Panayiotis Constantinou, president of the Famagusta Hoteliers Association (...

Cyprus University of Technology (Tepak) rector Panayiotis Zaphiris this week announced the successful completion of the study outlining the potential establishment of a School of Marine Sciences, Technology, and Sustainable ...