#business

Cyprus’ economic climate strengthened in October, driven by a boost in the services sector, according to the University of Cyprus’ Economics Research Centre (CypERC). The centre also reported that economic ...

International trade in electric and hybrid vehicles between the EU and third countries has surged, with Eurostat data revealing that electric and hybrid cars represented 43 per cent of EU car ...

Cyprus recorded its highest-ever tourism revenue for the month of August this year, reaching €511.4 million. This marks a 5.9 per cent increase compared to August 2023, which saw €483 million in revenue, according ...

Industrial production in Cyprus increased by 1.2 per cent in August 2024 compared to August 2023, according to a report released this week by the Cyprus Statistical Service (Cystat). According to the report, ...

The government announced a series of measures on Wednesday to combat rising energy costs, including subsidies, VAT reductions and housing policies designed to support vulnerable groups. The decisions were taken ...

The US economy maintained a solid pace of growth in the third quarter as ebbing inflation and strong wage gains powered consumer spending ahead of a contentious presidential election set ...

Kraft Heinz (KHC.O) on Wednesday tempered its annual forecasts for organic sales and profit as repeated price hikes hurt demand for the packaged food giant’s branded products including ...

Lieutenant General Osama Rabie, head of the Suez Canal Authority, met Cyprus’ Deputy Shipping Minister, Marina Hadjimanolis, in Ismailia on Tuesday to discuss collaboration on sustainable maritime practices and the ...

The Energy Ministry announced on Wednesday that it led Cyprus’ presence at GITEX Global 2024 in Dubai. Cyprus’ participation at the event, the ministry explained, showcased the country’s advancements in ...

British Chancellor Rachel Reeves announced her budget plans to parliament on Wednesday, seeking to shore up public services and plug a funding gap, without damaging a promise to promote growth ...

Cyprus tourism saw a solid October with rising hotel occupancy, president of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides said on Wednesday. In addition, Michaelides said that November bookings are ...

Empowering businesses in Cyprus with the latest digital marketing trends is no small task, but as the digital landscape evolves, it has become essential for businesses aiming to stay ahead ...

PwC Cyprus celebrated the achievements of its top-performing trainee accountants in the recent ACCA exams at a ceremony on October 23, 2024, at the PwC Experience Centre.  Attended by CEO Philippos Soseilos ...

Ford Motor (F.N) shares fell 6.6 per cent premarket on Tuesday after the automaker tempered its full-year profit forecast, blaming supplier disruptions and warranty costs amid a global price war ...

Total sales of oil products in Cyprus reached 130,124 tonnes in September 2024, marking a marginal decrease of 0.4 per cent compared to September 2023, according to a report from the Cyprus Statistical Service (...

Cyprus’ refinancing needs will remain within manageable levels for the coming years, well below the ten per cent of GDP threshold. Projections estimate requirements at around three per cent of ...

Royal Caribbean (RCL.N) boosted its annual profit forecast on Tuesday for the fourth time this year, driven by high demand for private destinations and cooler cruise travel spots, as ...

This past summer, leads for Brian Brown’s landscaping business near Lake Tahoe were drying up. “We’d put together bids, call clients, and they were like, ‘well, we’re ...

Abu Dhabi-based investment vehicle CYVN Holdings has entered a non-binding agreement to buy 100 per cent of carmaker McLaren’s automotive business from Mumtalakat, the sovereign wealth fund of Bahrain, the ...

Cyprus recorded a negative annual net financial position of -€29.12 billion in 2023, according to a report released on Tuesday by the state’s statistical service. As of December 31, 2023, the total ...

McDonald’s (MCD.N) posted a steeper-than-expected drop in quarterly global sales, hurt by muted demand across key markets, including Europe and the United States where it is expected to ...

The Ministry of Energy, Commerce, and Industry on Tuesday approved changes to the “conserve and upgrade for businesses and other entities” grant scheme. The scheme aims to provide support for ...

Limassol led Cyprus’ high-value real estate market in September, driving €29.8 million in top property sales, according to real estate analytics firm Ask Wire. The district accounted for six of the ...

The Deputy Ministry of Tourism is set to launch a series of initiatives in 2025 to support, promote, and enhance Cyprus as a tourist destination, according to the budget it submitted ...