Business

An early Easter boosted food spending in Britain last month, lifting retail sales by the most since August, but the broader picture remained subdued as wet weather dampened demand for ...

Almost 30,000 companies have yet to make updated disclosures about their Ultimate Beneficial Owners (UBOs) and could face hefty fines for non-compliance, MPs said on Tuesday. The House commerce committee again ...

The profitability of the Cyprus banking sector remarkably spiked by an annual 644 per cent in 2023, reaching €1.27 billion. This significant increase was fueled by the high-interest environment, according to data released ...

Euro zone banks lowered the bar on mortgage approvals last quarter for the first time in over two years but demand for credit kept falling amid high borrowing costs and ...

MPs expressed their disappointment at the lack of ATMs available in Cyprus at the House commerce committee on Tuesday. Committee chairman and Disy MP Kyiacos Hadjiyiannis said he had contacted ...

Intership Navigation will be investing in digital ship management solutions following a management buyout which led to a strategic partnership with MariApps Marine Solutions Through this partnership, Limassol-based Internship, which ...

The enrichment of Cyprus’ economic model is of vital importance, said the finance minister, Makis Keravnos, stressing that “the bet is to maintain the investment level” which was objective of ...

The Cyprus Statistical Service (Cystat) on Tuesday released a report showing the total imports and exports of goods in January-February 2024. In February the import was €841.1 million, representing an increase of 9.2 ...

The Cyprus Statistical Service (Cystat) has released a report ‘Registration of Motor Vehicles’ for January-March 2024, highlighting a market where electric and hybrid cars, along with motor coaches, buses, and cargo-carrying ...

Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how authorities will protect Switzerland from the risk of the country’s only ...

The Deputy Ministry of Shipping will participate in the ‘Sea Japan’ international shipping exhibition in Tokyo, from April 10 to 12. In an announcement, it said that ‘Sea Japan’, an international maritime ...

With less than 2 weeks until Bitcoin halving, investors are anticipating significant market growth. Bitcoin has passed $72,000, and altcoins like Solana and Pullix are primed for huge gains. As investors eagerly ...

The Great Sea Interconnector project will offer triple benefits to Cyprus, with better energy security, a ‘green mix’ of power generation and cheaper energy for all consumers, the Greek Independent ...

Britain’s John Lewis Partnership has appointed former Tesco executive Jason Tarry as its next chairman following Sharon White’s decision to step down from the retailer. Tarry, who has 33 ...

Christodoulos Patsalides was sworn in as Central Bank governor in a ceremony at the presidential palace on Tuesday morning. Patsalides was sworn in by President Nikos Christodoulides and described his ...

Web Summit co-founder Paddy Cosgrave on Monday returned as its chief executive officer, six months after resigning from the top job following a backlash over his comments on the Israel-Hamas ...

Minister of Agriculture, Maria Panayiotou, praised the economic value of the wine industry and revealed plans for global promotion through international events and financial support. She highlighted the government’s ...

The European Central Bank (ECB) is expected to keep the cost of borrowing at current levels when it meets on Thursday, as the rate of inflation is on a downward ...

Kedipes has announced a new repayment plan for non-performing loans (NPL) that would be secured by a primary residence, with a market value of up to €350,000. In a detailed statement, ...

The services sector performed very well in 2023 said the Employers and Industiralists Federation (Oev), with significant improvements registered in several key areas. Notably, the indicators for accommodation and catering services ...

In March 2023, total beer shipments experienced a notable increase, rising by 10 per cent year-on-year. This growth was primarily driven by domestic shipments. According to the data from the Cyprus Statistical ...

Minister of Agriculture, Maria Panayiotou praised the economic value of the wine industry and revealed plans for global promotion through international events and financial support. “The determination of the government ...

The fiscal surplus of the General Government significantly exceeded half a billion in the first two months of this year, demonstrating an increase of 34 per cent annually and reaching 1.7 per ...

Microsoft has has announced plans for a new artificial intelligence (AI) hub in London, focused on product development and research. The unit will be led by Mustafa Suleyman, the London-born ...