Business

Here are the top business stories in Cyprus from the week starting October 2: The Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou on Friday used his keynote address ...

European Union antitrust regulators have commissioned a study into mobile ecosystems to help them counter any pushback from Apple (AAPL.O) and Alphabet’s (GOOGL.O) Google in complying with ...

Monthly US ad revenue at social media platform X has declined at least 55 per cent year-over-year each month since billionaire Elon Musk bought the company formerly known as Twitter in ...

Social media giant Meta Platforms (META.O) said on Wednesday that it has started rolling out generative artificial intelligence (AI) tools that can create content like image backgrounds and variations ...

Energy Minister George Papanastasiou praised on Saturday the development surrounding EuroAsia Interconnector that has seen Greece’s Independent Power Transmission Operator (IPTO) appointed as the implementation body and project promoter. ...

In an era in which sustainability has become the objective, the shipping industry is investing in eco-friendly technologies, cleaner fuels, and energy-efficient ship designs By Souzana Psaras In 2024, the Cyprus ...

DP World Limassol, the port management company of Limassol port, is positioning itself as the ideal service centre for the region’s burgeoning oil and gas operations, according to CEO ...

For the second consecutive month, Cyprus saw a surge in inflation in September, primarily due to an increase in food prices, pushing the annual inflation rate to 4 per cent, according ...

A recent consumer behaviour study conducted by the Consumer Protection Service reveals that 83 per cent of consumers visit more than one supermarket each month to make their purchases. The primary ...

TUS Airways conducted its first-ever flight from Larnaca to Dubai last Sunday, as stated in a press release issued by the airline. Flight U8 684, operated by TUS Airways, utilised a ...

In a recorded speech aired during the opening ceremony of the 2nd Financial Markets Forum hosted by Freedom Finance Europe, Cyprus’ Minister of Finance, Makis Keravnos, affirmed the government’s ...

Alphabet’s Google (GOOGL.O) on Wednesday launched Pixel 8 smartphones and a new smartwatch that integrate its artificial intelligence (AI) technology more deeply into the company’s consumer gadgets. Google’...

Finance Minister Makis Keravnos said on Friday he is “in favour of targeted measures to help mostly vulnerable groups from the wave of rising costs and inflation.” He made the ...

Private Russian oil producer Lukoil will lend Azeri state oil firm Socar $1.5 billion as part of a broader deal that will allow Socar’s 200,000-barrel-per-day Turkish STAR refinery to process ...

The Laona foundation said on Friday it was completely opposed to a tyre burning facility in Ypsonas, or anywhere else in the country, citing a negative footprint on the energy ...

Andreas Papadopoulos has served as Chairman of the Cyprus Shipping Association since 2021, representing the owners/operators of chartered/liner vessels that call at the island’s ports and port establishments ...

Minister of Energy, Commerce, and Industry George Papastasiou on Friday, while speaking at the Limassol Economic Forum, highlighted the significant issues facing the energy sector in Cyprus, considering both the ...

At least two Egyptian banks have suspended the use of Egyptian pound debit cards outside the country to stop a drain on foreign currency as the country’s currency shortage ...

Rocketing US government bond yields that have led to a global jump in borrowing costs are raising new risks for economic policymakers hoping to lower inflation without triggering a major ...

Russia’s government said on Friday it had lifted a ban on pipeline diesel exports via ports, removing the bulk of restrictions installed on Sept. 21. The restrictions for gasoline exports ...

The Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou on Friday used his keynote address at the 14th Limassol Economic Forum to provide insights into the economic outlook ...

YoungShip Cyprus was founded in 2011 as a youth organisation focusing on shipping and aims to promote the voice of young people in decision-making centres nationally and internationally Our role is ...

The announcement of their collaboration and also for the grand final of the European NASCAR championship, was made by Vladimiros Tziortzis and the Cypriot airline TUS Airways. By virtue of ...

Cyprus’ robust shipping registry is bolstering the nation’s maritime prominence, positioning it as a key player in shaping maritime policy while delivering a clear message that illicit restrictive measures ...