Business

There are “no plans” to close the Dhekelia power station, electricity authority (EAC) chairman Giorgos Petrou said on Thursday. He was speaking during a visit to the power station, and ...

President Nikos Christodoulides on Thursday presented the progress of implementing Cyprus’ Strategy for Attracting Investment and Talent, which has been in effect since 2022, along with the new actions designed to ...

TLDR Standard Chartered researcher expects an SEC-approved Ethereum exchange-traded fund in May this year. UK High Court case is underway with controversial Craig Wright aiming to prove he’s the ...

Registrations of saloon vehicles showed a double-digit increase in January 2024, according to a report by the Cyprus Statistical Service (Cystat). Specifically, the report showed that registrations of passenger saloon cars ...

Cypriot real estate analytics firm Ask Wire on Thursday released a report outlining the performance of the local property market for the fourth quarter of 2023, including property sales and rental ...

The Central Bank of Cyprus (CBC) this week released a statement highlighting the importance of the visit by Pablo Hernandez de Cos, the governor of the Central Bank of Spain, ...

Vice President and Senior Analyst at Moody’s risk assessment group Haiko Peters this week praised the Cypriot’s economy steady improvement, referencing both its growth and ability to weather ...

The Cabinet of Ministers, led by Deputy Minister of Shipping Marina Hadjimanoli, this week approved updated green incentives for the Cypriot shipping sector in 2024, in line with the European Green ...

Maersk said on Thursday Red Sea trade disruptions would not be a major boost for the company and an oversupply of vessels would hit its earnings this year, sending its ...

An entity formed of senior Yandex managers will become the Russian internet company’s largest shareholder with a 35 per cent stake should a $5.2 billion cash and share deal go through, ...

Shipping containers are the backbone of global trade, enabling the efficient and secure transport of goods across oceans and continents. These steel boxes have revolutionized logistics, making it possible to ...

Finding the right investment in the fast-paced world of art and cryptocurrency can be tricky. Ethereum, a leading digital currency, has made waves in the unique niche of graffiti art. ...

Big Oil firms are handing shareholders more money than ever and are promising more going forward in an attempt to reassure investors of their discipline and resilience in the face ...

The Cyprus Employers & Industrialists Federation (Oev) this week expressed its satisfaction with the approval of the Grants Scheme for Energy Upgrade and Competitiveness Enhancement for Large Enterprises. The proposal, ...

Britain’s biggest homebuilder Barratt (BDEV.L) will buy Redrow (RDW.L) in an all-stock deal valuing its smaller rival at about 2.52 billion pounds ($3.18 billion), they said on Wednesday, aiming ...

Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), is setting up a $4-5 billion fund to invest in India through a tax-neutral ...

Decentralized finance – DeFi – is getting a second wind. The amount of money deposited in this breed of crypto projects has leapt in recent months, swept up by a rally in ...

The cabinet has authorised the finance minister and the energy minister to make a final investment decision on the Great Sea Interconnector. Following a cabinet meeting on Wednesday, Energy Minister ...

Finance Minister Makis Keravnos on Wednesday announced that the Cabinet has approved the revision of the strategic plan aimed at attracting foreign businesses to Cyprus. The revised strategy, according to ...

Cruise industry giant Royal Caribbean Group announced on Wednesday that it is now hiring members of staff based in Cyprus for its cruise ships, with a diverse set of roles ...

The Association of Large Investment Projects on Wednesday released a statement saying that large-scale projects, with a total value exceeding €8 billion, will take centre stage in Cyprus’ economic development journey ...

Cryptocurrency markets have been undergoing a revolutionary transformation, marked by the unprecedented rise of Bitcoin cash-and-carry trading. This shift goes beyond the conventional ebbs and flows of Bitcoin values; it ...

Diageo’s (DGE.L) attempt to reassure investors about its strategy in Latin America has boosted confidence among some that the world’s top spirits maker can revive its performance ...

Oil prices rose for a third day on Wednesday after US crude inventories grew less than expected and a cut in the forecast for output growth in the US, the ...