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.
The cabinet on Wednesday approved a bill proposing tax rebates for energy upgrades to businesses, as well as an extension of the tax deadline for individuals to October 2 and the ...
Energy Minister George Papanastasiou dismissed media reports on Wednesday which downplayed the government’s reorientation on energy as “wrong”, stating that energy companies and the government are on the same ...
A total of 1,929 apartments and 864 houses were sold during the previous year
Cypriot firm Ask Wire on Wednesday released a report detailing real estate sales, including houses and apartments, in ...
TMS Network (TMSN) records a massive surge of 2000% token gain despite being in stage 4 of its presale event. It has already raised a remarkable $6 million in its seed funding event, ...
In 2022, the unemployment rate of people aged 15-74 in Cyprus was 6.8 per cent, a little higher than the EU average (6.2 per cent), according to data released by Eurostat, the statistical ...
National flag carrier Cyprus Airways this week announced the launch of a new route between Larnaca and Preveza, which is set to begin on June 29 with two weekly flights.
The ...
With its unwavering commitment to user empowerment, TMS Network (TMSN) is paving the way for a new era of diversified and informed trading. The past weeks have been a novel ...
Cryptocurrency trading is a new but profitable way of investing in the financial markets. The trading of cryptocurrencies has also become significantly popular in recent times. As crypto trading is ...
The passenger ferry Daleela lifts anchor at noon on Wednesday from Limassol port for its first route of the season to Piraeus, carrying 156 passengers.
Deputy Minister of Shipping Marina Hatzimanoli ...
The euro zone’s top banks may take a hit if their financial clients, such as funds, insurers and clearing houses, withdrew their deposits or otherwise ran into trouble, the ...
Tradecurve (TCRV) has exploded onto the cryptocurrency scene during a token presale that is proving incredibly popular during its early stages. The TCRV presale is in Phase 2, and crypto investors ...
The Turkish economy is in a difficult situation, with record levels of foreign currency sales to support the Turkish lira, which no longer accurately reflects the economy, according to professor ...
The Central Bank of Cyprus (CBC) on Tuesday reported that total deposits in April 2023 recorded a net decrease of €173.3 million, compared to a net increase of €59.8 million in March 2023.
The ...
European University Cyprus on Tuesday announced that its school of medicine has joined the VERDI project, a “Horizon Europe” project that prioritises vulnerable populations, including pregnant women, children and other ...
Nvidia Corp (NVDA.O) is close to breaching $1 trillion in market capitalization, making it the first U.S. chipmaker to join the trillion-dollar club.
The gaming and AI chip company, ...
NewMed Energy, a partner in the Aphrodite gas prospect, will officially announce delivery of their modified development and production plan on Wednesday, the energy minister said on Tuesday.
George Papanastasiou ...
Akel general secretary Stefanos Stefanou on Tuesday addressed the pressing issue of housing affordability in Limassol, noting that the city’s homeownership and rental costs are much more pronounced compared ...
Bitcoin prices on the Australian arm of Binance, the world’s largest crypto-currency exchange, were at a 20 per cent discount to rival exchanges on Tuesday, in a sign customers were ...
The market sentiment surrounding SOL has been predominantly bearish, with no clear signs of a reversal on the horizon. In the midst of Solana’s struggles, Tradecurve emerges as a ...
Oil fell by nearly 2 per cent on Tuesday as concerns about the US debt ceiling pact cooled the market’s risk-on sentiment and mixed messages from major producers clouded the ...
Artificial intelligence means everyone can now be a computer programmer as all they need to do is speak to the computer, Nvidia Corp (NVDA.O) CEO Jensen Huang said on ...
TANAS Development, an upcoming player in the Cypriot real-estate sector, recently unveiled plans for its new project, “TANAS One”. Nestled in Livadia, an area gaining popularity as Larnaca’s top ...
Syprodat said that borrowers are willing to renegotiate their loans but are finding it difficult
The Association for the Protection of Borrowers (Syprodat) this week said that the key to ...
The association of coastal vessels on Tuesday in a strongly worded letter appealed to the mayor of Paralimni to not to create unnecessary problems for coastal tourism.
The letter addressed ...