Business

The Central Bank of Cyprus (CBC) on Friday announced that the reference interest rate for loan transactions has been set at 11.42 per cent. This reference rate serves as a legal ...

The Republic of Cyprus significantly narrowed its fiscal deficit in the fourth quarter of 2024, according to preliminary figures published by the Cyprus Statistical Service (Cystat) on Friday. The general government ...

As global aviation sails past its pre-pandemic levels, with over 5.2 billion passengers expected to fly by the end of 2025, the industry’s climate pledges are fast being grounded by reality. ...

Logicom Public Ltd has announced that its board of directors has approved the company’s annual financial report for the year 2024. This includes the group’s and the parent company’...

The Bank of Cyprus Holdings Public Limited Company announced on Friday that it has repurchased a total of 227,383 of its own ordinary shares between April 17 and April 24, 2025, as part of ...

A global greenhouse gas pricing mechanism, approved at MEPC 83 this week, marks a turning point for international shipping. For the first time, emissions will come at a cost, starting at $100 ...

The Cyprus property market has recorded a robust performance in the first quarter of 2025, with both transaction volumes and sales values reflecting strong momentum, according to a report by the ...

Larnaca has been ranked the number one European destination for baby boomers, according to a new survey released this week by global travel operator TUI. In addition, two Greek islands ...

Girls aged 16 to 19 in the EU showed stronger digital content creation skills than the general population in 2023, a trend also seen in Cyprus, according to Eurostat. However, the percentage of ...

The future of maritime transport depends on suppliers and service firms, especially amid the shift to green and digital solutions, according to Deputy Shipping Minister Marina Hadjimanolis. Speaking at the ...

Cyprus, long known for its stunning Mediterranean landscapes and robust financial services sector, is rapidly carving out a new identity as a burgeoning hub for technology and innovation. Within this ...

Cyprus has been riding a five-year wave of growth in startups, innovation, and tech. Everyone’s clapping. But scratch beneath the surface and the cracks are hard to ignore. Yes, ...

Nestle (NESN.S) on Thursday said the indirect impact of US tariffs was “unclear” and posted better-than-expected first-quarter organic sales growth, as the world’s biggest packaged food company hiked ...

The Mall of Cyprus (MC) Plc this week reported a strong financial performance for the year ended December 31, 2024, with net profit after tax reaching €10.46 million, up from €9.67 million in 2023. The ...

The world’s leading startup pitch competition, Startup World Cup, is returning to Cyprus for the second year in a row, organisers confirmed in an announcement issued on Thursday. Presented ...

Global ratings agency S&P Global downgraded Bahrain’s outlook to “negative” from “stable”, citing ongoing market volatility and weaker financing conditions that could increase the government’s interest ...

The Cyprus association of renewable energy companies (Seapek) on Thursday expressed its “deep and growing concern” over what it described as a “lack of planning” by the energy ministry, during ...

Mutuum Finance (MUTM) has managed to draw substantial interest among investors through its presale phase which generated $7 million as 418 million tokens found buyers from 8,400 holders. Phase 4 of the project exists ...

Ripple’s XRP maintains a position at $2.05 while market forces consolidate the price even though institutional investors increase their involvement. Market indicators show both optimistic and conservative attitudes towards XRP ...

Investors continue to actively participate in Mutuum Finance (MUTM) pre-sale activities which has resulted in $7 million funding and surpassing 418 million token sales. The Mutuum Finance project has reached its phase 4 ...

Britain’s government borrowed almost 15 billion pounds more in the financial year that just ended than official budget forecasters had estimated a month ago, according to data that heaped more ...

Maritime firm Safe Bulkers, led by Cypriot shipowner Polys Hajioannou, recently took delivery of the 82,000 dwt Kamsarmax-class bulk carrier ‘EFROSSINI’, built by Japan’s Oshima Shipbuilding. The vessel, which flies ...

Cyprus’ Construction Materials Price Index rose by 1.09 per cent year-on-year during the first quarter of 2025, according to data released on Thursday by the Cyprus Statistical Service (Cystat). The index reached 118.81 ...

The Association of Cyprus Electronic Money and Payment Institutions (ACEMPI), part of the Cyprus Chamber of Commerce and Industry (Keve), held its annual general meeting earlier this month in Nicosia. ...