Business

The Governor of the Central Bank of Cyprus, Constantinos Herodotou, does not side with the hawks in the design of monetary policy in the eurozone and expects that in the ...

The Cyprus Chamber of Commerce and Industry (Keve) and the Cyprus International Institute of Management (CIIM) on Wednesday signed a Memorandum of Cooperation, seeking to deepen their partnership, promote sustainable ...

The coronavirus pandemic resulted in a nationwide decline in turnover, profits and liquidity of small-to-medium-sized businesses (SMEs), but without a commensurate reduction in employee numbers, according to a collaborative study ...

Despite the recent improvement across a number of economic performance indicators, Association of Large Investment Projects president Andreas Demetriades on Tuesday called for a concerted response and an immediate course ...

The purchasing power of the average salary in Cyprus is currently 6.8 per cent below 2006 levels, with real wages still on a downward trajectory, according to a report by the Cyprus ...

Residents of Limassol’s Ayios Athanasios municipality protested on Wednesday against a Hellenic Bank decision to close its last branch in the area. Mayor Marinos Kyriakou said residents were frustrated ...

As traditional automakers prepare to churn out electric vans and trucks, startups are focused more than ever on finding a competitive or technological edge to stay on the road once ...

Tesla chief executive Elon Musk donated a total of 5,044,000 shares in the world’s most valuable automaker to a charity from Nov. 19 to Nov. 29 last year, its filing with the ...

Although the pandemic caused delays in plans for the state’s complete modernisation, we are now facing a new reality that acts as a springboard in our drive to reactivate ...

Cyprus Energy Ministry’s Permanent Secretary Marios Panayides chaired the 17th Summit of the Executive Council of East Mediterranean Gas Forum (EMGF) which unanimously approved its work programme for 2022, including ...

The Cyprus Development Bank (CDB) on Monday announced the launch of a new business loan scheme that takes into account environmental aspects for business and other professional facilities. The scheme ...

Britain’s labour market is flashing some warning signs for a central bank on guard against a wage-inflation spiral, economists said on Tuesday after official data showed a shrinking workforce ...

Facebook agreed to pay $90 million to settle a decade-old privacy lawsuit accusing it of tracking users’ internet activity even after they logged out of the social media website. A proposed ...

Intel Corp is buying Israeli chipmaker Tower Semiconductor (TSEM.TA) for $5.4 billion, the companies said on Tuesday, giving it access to more specialised production as it positions to take advantage ...

Finance Minister Constantinos Petrides on Tuesday said that the performance of the Cypriot economy is a testament to its resilience and positive momentum, while also stressing the importance of reducing ...

The European Commission has announced that it has approved an estimated two million euro Cypriot scheme to support private investments into innovative small and medium-sized enterprises (SMEs), which will contribute ...

Energy Minister Natasa Pilides travelled to Egypt earlier this week to attend the Egypt Petroleum Show (EGYPS) in Cairo, an oil, gas and energy conference in which Cyprus is participating ...

Semiconductor designer Advanced Micro Devices Inc (AMD)(AMD.O) said on Monday it has finalized the purchase of Xilinx Inc (XLNX.O) in a record chip industry deal valued at ...

A Johnson & Johnson (JNJ.N) subsidiary on Monday kicked off a courtroom battle that aims to use the bankruptcy process to resolve tens of thousands of claims that the ...

Tourism in Turkey is set to return to near pre-pandemic levels this year, boosting the crisis-hit economy with the help of a recent currency crash that has made it a ...

Prosecutors began a US corruption trial on Monday by accusing a former Goldman Sachs (GS.N) banker of seeking to make millions of dollars laundering money looted from Malaysia’s 1...

British tax authorities said on Monday they had made their first seizure of non-fungible tokens in a crackdown on suspected criminal activity to hide money. Her Majesty’s Revenue & ...

Opposition parties on Monday stayed unsatisfied with tweaks to a government bill regulating the access to borrowers’ data by companies buying loan portfolios and debt administrators. Although the bill will ...

The government and the opposition traded barbs on Monday over whose fault it is that Cyprus has come under the European Commission’s scrutiny over its VAT policy on primary ...