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.
A court in Turin is set to rule in the coming weeks on an inheritance dispute dividing the Agnelli family, the founders of the Fiat car company and arguably the ...
Big European companies have delivered significantly stronger than expected first-quarter results, defying a challenging economic backdrop that includes surging inflation and rising interest rates.
But European stocks are down from ...
After three years of pandemic travel restrictions and rocketing energy costs, tourism is back with a vengeance to boost the economies of southern Europe as sun-seekers make up for lost ...
Leaders of the world richest democracies agreed on Friday to stiffen sanctions against Russia and pledged financial support for Ukraine as its president, Volodymyr Zelenskiy, prepared to join them in ...
The Cyprus Securities and Exchange Commission (CySEC) on Friday stated that it has recently detected additional cases of fraudulent impersonation of CySEC officers and representatives, following an earlier warning, issued ...
Cypriot firm Ask Wire on Friday released a report examining the age of buildings in the city and suburbs of Limassol, helping to outline the trajectory of residential development over ...
Decentralized applications, also known as DApps, are rapidly gaining traction on the Ethereum blockchain. These applications offer a variety of benefits, including transparency, security, and the ability to operate autonomously ...
In the world of cryptocurrencies, there’s an alchemical pursuit ongoing, a search for the perfect blend of coins to craft a winning portfolio. Crypto experts, the modern-day alchemists, have ...
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, ...