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.
By Patricia Jordan
‘High summer’ in the garden here brings out the amazing flowers of tropical and semi-tropical trees. If you live along the coastline then you will be able ...
Small and medium-sized enterprises (SMEs) represent 99% of all businesses in Cyprus and employ almost 85% of all employees. This rightfully identifies SMEs as key players in the Cypriot economy.
At a ...
Here are the top business stories in Cyprus from the week starting June 26:
Bars and restaurants across Cyprus experienced a notable decline in occupancy rates, with the drop in guests ...
Staking cryptocurrency is a great way to generate a passive income in 2023. Average returns can be significantly higher than traditional savings accounts, with some projects offering returns rates of up ...
Exxon Mobil (XOM.N) has agreed to develop more than 6,100 lithium-rich acres in Arkansas with Tetra Technologies Inc (TTI.N), the second move this year by the oil giant for ...
Oracle Corp (ORCL.N) is spending “billions” of dollars on chips from Nvidia Corp (NVDA.O) as it expands a cloud computing service targeting a new wave of artificial intelligence (...
The Asian Development Bank approved on Thursday a $1 billion loan to help one of Philippines’ largest cities procure a fleet of more than 1,000 electric buses, in an important step towards ...
TIME Magazine recently named Polygon (MATIC) one of the most influential cryptocurrency projects around. Meanwhile, InQubeta (QUBE) gets the honor of being the most promising crypto platform linked to artificial ...
Cyprus tourism sector expects full recovery by 2024, with industry stakeholders cautiously optimistic as they navigate the current set of challenges
By Kyriacos Nicolaou
The recovery of the Cyprus tourism sector ...
In the exciting world of crypto, TMS Network (TMSN) emerges as an electrifying force, surging ahead of established players like Monero (XMR) and Stacks (STX). With its innovative approach to ...
Elevate Digital, a Paphos-based digital marketing agency, this week announced the launch of its first incubated startup, beincyprus.
According to the announcement, the platform aims to make the transition to ...
The Economic Policy Uncertainty (EPU) Index in Cyprus has returned to more normal levels in spring 2023, indicating a significant decline in uncertainty one year after the start of the Russia-Ukraine ...
More than three-quarters of the population in Lombardy, Italy’s largest and most industrialized region, banked online last year, compared with the national average of 63 per cent, the Bank of ...
The leaders of Microsoft (MSFT.O) and Activision Blizzard (ATVI.O) on Wednesday sought to allay antitrust concerns that a proposed $69 billion merger of the two companies would unlawfully concentrate ...
Total gross revenue (pay-in) from class A and class B bookmakers amounted to 267.6 million in the first quarter of 2023 marking an increase of 21% compared with the respective quarter of last ...
The highly polluting Dhekelia power plant must be upgraded because it is “very important” for the state, Energy Minister Giorgos Papanastasiou said on Friday.
His statements are in line with ...
The first Israeli cruise ship of the summer, named the Crown Iris, arrived in Larnaca on Friday with a total of 1,600 tourists on board.
The boat left the Israeli port ...
Borderless payments, sustainability and inclusion, as well as the exponential increase in payment options, are just three of the trends defining the upcoming economy, which will be more technologically advanced, ...
Inflation in the eurozone extended its decline in June as the cost of fuel tumbled, more than offsetting an acceleration in prices for services, a preliminary reading showed on Friday.
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Invest Cyprus, the investment promotion agency of Cyprus, is focused on identifying and resolving the challenges faced by investors operating in Cyprus, in order to bolster efforts in transforming the ...
Decentralization is the secret to achieving better service in the crypto ecosystem, and this is a technique that Golteum (GLTM) has hacked. Through its decentralized multi-asset trading platform, Golteum (GLTM) ...
Tesla (TSLA.O) is set to report record vehicle deliveries, after the top electric vehicle maker increased discounts and other incentives to boost sales in the face of economic uncertainty ...
Bit2Me (B2M) recently rounded up some big investors and raised $15 million in an attempt to grow its position and solidify itself as the leading cryptocurrency exchange in Spain. ...
Britain’s economy made a lacklustre start to 2023 as inflation ate into households’ disposable income, official figures showed on Friday, and economists see a risk of recession ahead as higher ...