Business

Worries also raised about ecosystem near the private facility that would create electricity from natural gas Construction at the first private power station in Cyprus has come to a halt, ...

Micron Technology (MU.O) on Wednesday forecast a wider than expected first-quarter loss, and its shares sank 2.4 per cent even as it prepares to ramp up production of new product ...

Here are the top business stories in Cyprus from the week starting September 25: National flag carrier Cyprus Airways on Thursday announced a strong performance for the month of August 2023, reporting ...

Norway’s data regulator will refer the ongoing fine it has imposed on Meta Platforms (META.O) to the European data authority, it said on Thursday, a move that could ...

Meta Platforms (META.O) Chief Executive Mark Zuckerberg this week rolled out new AI products for consumers, including bots that create photo-realistic images and smart glasses that answer questions, as ...

Sony Group (6758.T) is increasing its focus on the virtual production business where it is seeing market-beating growth, a company executive said, riding on the strength of the Japanese entertainment ...

Former Finance Minister Constantinos Petrides on Saturday urged the current government to “modestly read the reasons” for the upgrade of Cyprus’ credit score by Moody’s. He added that the ...

There are growing concerns about the recent weakening of economic activity, the persistence of inflation, and the deterioration in the government finances in Cyprus that come on top of underlying ...

President Nikos Christodoulides said on Saturday he was “deeply satisfied” after investment service Moody’s upgraded Cyprus’ credit rating to “investment level”, putting the success down to the success of ...

Cyprus meets all the necessary requirements to become a global business and investment hub, according to the Cyprus Association of Major Developments , which represents 15 members overseeing some of the largest ...

Innovation in the tourism sector and strategies for promoting tourism in the digital age and digital marketing took centre stage in discussions at a workshop organised by the Association of ...

The Cyprus Shipping Chamber (CSC) discussed the impact of EU policies, with a focus on the challenges of decarbonising ships, during its monthly board meeting which took place in Limassol ...

By Ioannis Tirkides Liberal democracy has long been in retreat, and more so in the last ten years as widely documented in multiple studies and reports. Two examples are the ...

German retail sales unexpectedly fell in August, as persistently high inflation took its toll on consumption in the euro zone’s largest economy. German retail sales fell by 1.2 per cent ...

The north’s gross domestic product (GDP) grew by 13.3 per cent in 2022, according to the north’s statistics agency. The total GDP stood just shy of 73.9 billion TL (€2.6 billion), which ...

Giorgos Lakkotrypis on Friday was announced as the Consul of Kazakhstan in Cyprus, with the confirmation taking place in the presence of the Cypriot Minister of Foreign Affairs, the Deputy ...

Cypriot beverage maker KEO, a leading company in the field of winemaking, brewing, juice production, and bottling of natural mineral water, has released its financial results for the first half ...

The Central Bank of Cyprus has concluded the competition for a new digital platform for customer compliance, CBC governor Constantinos Herodotou explained during an event held on Thursday evening. The ...

Russia’s central bank has extended restrictions on transferring funds abroad for another six months, the regulator said on Friday. Until March 31, 2024, Russian citizens and non-residents from “friendly countries” will ...

Unseasonably warm autumn weather from the United States to Europe is denting sales of heavy sweaters and coats as the critical holiday shopping period approaches, executives at major retailers including ...

CoinShares’ extensive report offers valuable perspectives on the surging enthusiasm for cryptocurrency in Europe. While the United States has historically held a dominant position in the cryptocurrency market, it’s ...

Financial institutions, especially fintech companies, are the most vulnerable businesses to data theft and cyberattacks. Since these institutions function solely on the web without physical presence, criminals use the anonymity ...

Fiscal concerns and worries over a prolonged period of elevated interest rates sent government bonds tumbling in the third quarter, and some investors believe more weakness is in store. US ...

A delegation of the Paphos tourism promotion company (Etap) on Friday announced by a project to further underwater archaeology. The project in aims to strengthen marine archaeology as part of ...