Business

The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical capital buffer (CCyB) at 1.5 per cent, with the measure set to take effect from January 14, 2026. In an official ...

The Industrial Production Index in Cyprus recorded a significant increase of 4.3 per cent in January 2025 compared to the same month in 2024, according to the state statistical service. This increase pushed ...

The European Commission has identified 47 strategic projects which it hopes will kick-start the region’s critical minerals sector and reduce its dependence on imports. But even as European policy-makers work ...

The year is still young, but Asia has already built up a considerable lead over several European countries and the United States in terms of energy transition progress so far ...

British business confidence held steady this month, matching February’s six-month high and adding to tentative signs of an uptick in the economy in early 2025, a survey showed this week. ...

The government on Monday revealed it is asking for an extra €70 million to complete works at the liquefied natural gas (LNG) terminal at Vasiliko, a project plagued by delays and ...

Crypto investors are always on the lookout for the next breakout token, and Mutuum Finance (MUTM) is making waves as a strong challenger to Ethereum (ETH) rivals like Chainlink (LINK) ...

SOFTSWISS, a leading international technology company specialising in iGaming software development, is set to participate in this year’s Reflect Festival as a Bronze Sponsor. The festival, scheduled to take ...

The recent confirmation of when Ethereum’s Pectra upgrade will be activated — April 30, 2025, to be exact — has gotten people talking about how far over the $10,000 level it might go. Analysts ...

UK job vacancies saw the fastest month-on-month growth in three years in February, according to data published on Monday that contrasted with a largely gloomy outlook for the economy. Job ...

A new task force will be set up to tackle Cyprus’ growing electricity challenges, following a high-level meeting on Monday between Energy Minister George Papanastasiou and representatives of the Cyprus ...

Mutuum Finance (MUTM) is attracting ever more aggressive investor interest, with its staged fourth presale now nearing sell-out. With a price point of $0.025, the token has raised $5.9 million so far ...

Cyprus has achieved a significant milestone in 2024: it reduced its trade deficit to €8.13 billion from €8.47 billion the previous year which is a 3.97% reduction from the previous year. Since global trade ...

Cyprus’ hourly labour costs saw a modest increase yet remain below the European average, according to the latest Eurostat data. The average hourly labour cost in Cyprus in 2024 rose to €21, ...

Pharmaceuticals, alongside halloumi cheese, remained key drivers of Cyprus’ exports in 2024, despite a slight downturn, according to the Cyprus Statistical Service (Cystat). Specifically, pharmaceuticals accounted for 14.4 per cent of the ...

By Yiannis Misirlis The Cyprus real estate sector is in a dynamic phase of growth. Despite significant challenges, the industry continues to demonstrate resilience and adaptability, contributing approximately 15 per cent ...

Cyprus’ major trade unions, including public servants’ union Pasydy and the trade union Sek, have firmly opposed some of the International Monetary Fund’s (IMF) latest recommendations, following its Article ...

The Cypriot residential real estate market experienced a strong year in 2024, with new home sales exceeding €2 billion, according to a report released on Monday by Landbank Real Estate Analytics. The ...

Oil prices slipped on Monday, heading for a modest quarterly loss, despite a warning from US President Donald Trump that he may impose secondary tariffs on buyers of Russian oil ...

The Crystal Springs Beach Hotel in Protaras is set to undergo an expansion, with Derova Ltd announcing a €13.5 million development project to improve the facility and increase its capacity. This ...

The amendment to the legislation that took place on February 24 (Law 9(I)/2024) no longer allows the sale of immovable property located in areas not controlled by the Republic of Cyprus ...

European companies that are spending big on generative artificial intelligence need to start showing returns on their massive outlays by next year, or risk investors losing patience after they paid ...

Mike Vasiliev, CEO of AI-powered property startup Placy, is no stranger to the intersection of real estate and technology. With over two decades of experience in the field, he has ...

As AI continues to evolve and reshape business landscapes, the role of the Chief Information Officer (CIO) is undergoing a significant transformation, according to IDC, a global market intelligence firm. ...