Stay informed with the latest business and economy news from Cyprus and around the globe. This section covers key developments in finance, energy, tourism, technology, entrepreneurship and the corporate sector.
As the world of decentralized finance (DeFi) continues to evolve and expand, more and more investors are turning to Aave as a potential investment opportunity. Aave is a decentralized lending ...
Europe’s growing dependence on imported critical raw materials (CRMs) should be viewed as a major concern, according to recent comments by Mark Rachovides, chairman of Cyprus mining company Venus ...
Registrar of Companies Irini Mylona on Friday morning said her office has been greenlighted to proceed with examination of applications for personnel replacements received from companies caught up in the ...
The vice-president of the Cyprus Chamber of Commerce and Industry (Keve), Andreas Demetriades, this week highlighted the concerning issue of soaring rental costs, which, in many cases, exceed the means ...
Construction Price Index
The Construction Price Index in Cyprus experienced a deceleration for the third consecutive quarter in April, indicating a slight alleviation of inflationary pressures within the sector.
The ...
Aston Martin’s (AML.L) stock popped nearly 22 per cent on Thursday, after the luxury carmaker announced a 234 million pound investment by China’s Geely (0715.HK), that will see the ...
Sony Group Corp (6758.T) on Thursday said it is examining a partial spin-off of its financial business just three years after taking full control, as the conglomerate doubles down on ...
Investing in cryptocurrency has become increasingly popular in recent years, and Binance Coin (BNB) is one of the top coins attracting investors’ attention. BNB is a token that powers the ...
Investing in Bitcoin has become increasingly popular over the years, with many people seeing it as a way to make a quick profit. However, there are both pros and cons ...
BT Group (BT.L), Britain’s biggest broadband and mobile provider, will cut up to 55,000 jobs including contractors by 2030 – potentially over 40 per cent of its workforce – as it completes its ...
Bankers are beefing up risk management, monitoring and emergency procedures around the use of social media after an internet-fueled run toppled Silicon Valley Bank two months ago and sparked turmoil ...
If investors agree on one thing this year, it’s that the dollar is going to fall. That’s made the greenback’s 2 per cent bounce over the last month ...
The cryptocurrency market is known for its volatility, with coins like Cosmos (ATOM) and Filecoin (FIL) experiencing recent stumbling blocks. However, amidst the turbulence, TMS Network (TMSN) stands out with ...
Deutsche Bank AG (DBKGn.DE) has agreed to pay $75 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein, and accused the ...
Global economic uncertainty, stress in the banking sector, and geo-political factors have massively impacted the financial markets over the past few months. Amidst the market uncertainty, the cryptocurrency industry has ...
The Central Bank of Cyprus (CBC) on Wednesday reported a decrease in non-performing loans (NPLs) at the end of February 2023.
NPLs decreased by approximately €60 million compared to the previous month, ...
The Ministry of Finance this week stated that while the Cypriot economy is facing a period of increased uncertainty, its growth rate remains relatively high compared to other EU countries, ...
Euro zone inflation accelerated last month, Eurostat said on Wednesday, confirming preliminary data pointing to increasingly stubborn price growth among the 20 nations sharing the euro.
Overall price growth accelerated to 7.0 ...
Bitcoin, ether and other cryptocurrencies should be regulated as gambling given the significant risks they pose to consumers, a panel of UK lawmakers said in a report on Wednesday.
Britain, ...
As Cyprus braces for an almost inevitable new wave of sanctions to hit soon, the government conceded on Wednesday the effect on Cyprus’ services sector has been detrimental.
The impact ...
British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated, Stellantis (STLAM.MI) has told the UK parliament, the latest in ...
The Cyprus Statistical Service (Cystat) on Wednesday reported a notable deceleration in harmonised inflation for the month of April.
According to the report, the Harmonised Index of Consumer Prices (HICP) ...
Tradecurve (TCRV) appears to be the cream of the crop as it brings innovation to an established market and is currently in Stage 1 of its presale! Even though prominent tokens ...
Robust growth in tourist arrivals in Cyprus reaffirms post-pandemic recovery
Tourist arrivals in Cyprus experienced an increase of 18.5 per cent in April 2023, compared to the same period last year, according ...