#business

The European Commission on Monday endorsed a positive preliminary assessment of Cyprus’ fourth payment request under the Recovery and Resilience Facility (RRF), the central pillar of the European Union’s ...

Britain’s economy grew at its fastest pace in a year in the first three months of 2025 as homebuyers rushed to beat a deadline on property purchases and manufacturers sped ...

The Cyprus Stock Exchange (CSE) on Monday released a statement formally welcoming Eurobank Group’s intention to pursue a dual listing of its shares on the CSE. The CSE described ...

Cyprus posted a general government surplus of €551.2 million for the period of January to May 2025, representing 1.6 per cent of GDP, according to preliminary data released by the Statistical Service of ...

The Columbia Group is set to acquire the Secret Valley resort from Bank of Cyprus’ real estate management unit (REMU) in a deal valued at over €130 million, it emerged on ...

Cyprus ranked among the top household consumers in the EU, with per capita expenditure reaching 21,879 PPS in 2024, according to a recent Eurostat survey that compared household consumption across member states ...

Cyprus has been ranked among the 15 European countries most affected by digital payment fraud, despite recording one of the lowest overall loss totals and fraud case counts, according to new ...

Cyprus must urgently decouple renewable energy prices from volatile fossil fuel costs to ensure stability and fairness in its electricity market, according to energy systems expert and former Cyprus Energy ...

By Maria Demertzis Surging geopolitical risk and growing global conflicts, along with a concomitant search for economic security, are combining to challenge what has long been a pillar of the ...

Tesla (TSLA.O) finally has a robotaxi. Now comes the hard part. The electric-vehicle maker deployed its first-ever driverless cabs in Austin, Texas, on Sunday in a small-scale test of ...

Andy Russick, who sells canned fruit and tomatoes to top US grocers like Kroger (KR.N), hospitals and schools, shares the stated aim behind US President Donald Trump’s trade ...

Renewable energy developer Invenergy and social media giant Meta Platforms (META.O) have signed four deals to supply 791 megawatts (MW) more of solar and wind power to operate data centers, ...

Here are the top business stories in Cyprus from the week starting June 23: Paphos has emerged as the strongest performer for high-end houses in Cyprus’ residential property market, according to ...

The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China’s yuan as the splintering ...

More than 40 per cent of agentic artificial intelligence projects will be canceled by the end of 2027 due to escalating costs and unclear business value, according to a report by Gartner. ...

Amazon has deepened its commitment to Britain, with the e-commerce giant saying it plans to invest 40 billion pounds ($54 billion) over the next three years, a move the UK government hailed ...

On a purchasing power basis Malta had the lowest electricity price in Europe in 2024, in contrast to Cyprus that had the second highest price. Both are small island states within ...

Eurobank on Friday announced its intention to explore a parallel listing of its shares on the main market of the Cyprus Stock Exchange (CSE), following the successful completion of its ...

The European Commission this week put forward the EU Space Act, a long-awaited overhaul of regulations affecting its fast-growing space industry. The legislation aims to create a single market for ...

Britain’s competition regulator said it may force Google to rank businesses more fairly in search results and offer alternative services to consumers, marking the first use of expanded powers ...

The Bank for International Settlements issued its starkest warning yet on the risks posed by stablecoins and urged countries to move rapidly towards the tokenisation of their currencies. The BIS, ...

UBS Global Wealth Management raised its year-end target for the S&P 500 index (.SPX) to 6,200 from its prior forecast of 6,000, banking on softening trade tensions and expectations of resilient ...

Britain’s statistics office will split its leadership and invest more money as part of a push to fix problems with its economic data that have hampered the Bank of ...

Cyprus’ industrial production index rose by 3 per cent year-on-year in April 2025, reaching 110.3 units, according to data released by the state statistical service on Friday. The April performance contributed to a 3.8 ...