#business

Cyprus recorded a substantial improvement in its current account balance in the second quarter of 2024, with the deficit narrowing from €285.4 million in Q2 2023 to €52.9 million, according to preliminary data from ...

Cyprus’ government recorded a €1.4 billion surplus for the January–September 2024 period, representing 4.2 per cent of GDP, according to preliminary data from the Cyprus Statistical Service. This marks a more than ...

Non-profit organisation Cyprus Seeds led a session on commercialising research within the energy sector during its participation at the Synergy Med conference in Limassol. According to an announcement released this ...

European families are sitting on an ever-growing pile of savings, confounding hopes that consumer largesse can boost the region’s economy as it falls yet further behind that of the ...

The prices within Cyprus’ industrial sector and manufacturing industry have recorded a new decrease, according to a report released this week by the Cyprus Statistical Service (Cystat). Specifically, the Producer ...

Rental prices across Cyprus have surged, impacting not only upscale areas but also more affordable neighbourhoods, prompting the Interior Ministry to take action. The ministry will use data from the ...

German plant and equipment makers’ orders fell in September, after a one-off rise in August, the VDMA association said on Thursday, as a double-digit fall in domestic contracts were cushioned ...

The cryptocurrency industry has spent years clashing with Democratic President Joe Biden’s administration over regulatory issues, but executives expect an easier ride from Washington, regardless of who wins the ...

October saw high visitor numbers at restaurants, cafes and bars in Cyprus, with occupancy rates reaching 80 to 90 per cent, according to Neophytos Thrasyvoulou, president of the Federation of Leisure Centre ...

President of the Association of Cyprus Banks Aristides Vourakis on Thursday expressed optimism over continued economic growth in Cyprus, driven by recent interest rate cuts from the European Central Bank (...

Higher inflation fuelled by Britain’s new big-spending budget plans is likely to prevent the Bank of England from cutting interest rates over the next year by as much as ...

The adoption of generative AI in workplaces has surged worldwide, reaching 75 per cent in 2024, according to EY’s latest global survey. This represents a significant jump from 22 per cent in 2023, ...

In this exclusive interview with the Cyprus Mail, Dionysios Manganis, Executive Producer at Green Olive Films, and Simos Manganis, Founder and CEO, delve into the rise of Cyprus as a ...

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 ...