#business

British bankers should be able to spend their bonuses sooner, the Bank of England and Britain’s Financial Conduct Authority announced this week, relaxing rules put in place after the ...

Cyberattacks have cost British businesses around 44 billion pounds ($55.08 billion) in lost revenue in the past five years, with 52 per cent of private sector companies reporting at least one attack in ...

Tourism revenue in Cyprus reached €454.1 million in September 2024, according to the statistical service’s passenger survey. This marks a 6 per cent increase compared to September 2023, when tourism revenue stood at €428.4 ...

Cyprus recorded a general government surplus of €1.43 billion, equivalent to 4.2 per cent of GDP, between January and October 2024, according to a report from the statistical service. This was more than ...

The Finance Ministry on Friday launched the a new support scheme for print media, inviting eligible applicants to submit their applications either in person or by registered post by December 13, 2024. ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced that a business delegation, forums, and B2B meetings were held in Bratislava and Prague on November 26 and 28,respectively. ...

Energy Minister George Papanastasiou this week announced that €363 million in funding schemes are being implemented to support small and medium-sized enterprises (SMEs) in Cyprus. “The development of small and medium-sized ...

Cyprus’ average monthly earnings rose by 7.3 per cent in 2023, however, there were stark differences across sectors, according to the Cyprus Statistical Service. While agricultural workers earned an average of €924 per ...

Deputy Shipping Minister Marina Hadjimanolis attended the Global Shipping and Trade Summit in Hong Kong, as part of the overall efforts to bolster the island’s global maritime profile and ...

Industrial production in Cyprus increased by 4.1 per cent in the first nine months of 2024 compared to the same period in 2023. This was supported by growth in manufacturing, mining, and water ...

Lending to eurozone companies and households continued to accelerate last month, supporting the arguments from some that the bloc’s economy has bottomed out and a “soft landing” was underway, ...

Total loans in Cyprus fell by €213 million in October 2024 compared to the previous month, according to a report from the Central Bank of Cyprus (CBC). The report also showed that ...

Petrolina (Holdings) Public Limited (PHL) has announced the completion of a €48.6 million deal to acquire ExxonMobil Cyprus. According to the announcement, this includes the company’s 68 Esso-branded service stations, marking ...

The US Federal Trade Commission has opened a broad antitrust investigation into Microsoft (MSFT.O), including of its software licensing and cloud computing businesses, a source familiar with the matter ...

Buying a new home in Britain became a little more affordable this year as average wages rose faster than house prices and mortgage costs, the country’s largest mortgage lender ...

Most major stock markets will fail to even repeat this year’s lacklustre performance in 2025 based on the prospect of global trade tensions and a worsening inflation outlook holding back ...

US holiday shoppers have big plans to use small screens for a head start this year on Thanksgiving Day, and retailers have spent weeks priming them, touting pre-Black Friday online ...

Ratings agency Moody’s this week upgraded the rating of the Bank of Cyprus’ covered bonds to Aaa from Aa2. This follows a revision of Cyprus’ local-currency bond ceiling to ...

President Nikos Christodoulides on Thursday said there was an urgent need to link education with the labour market, in order to equip Cyprus’ youth for the demands of the modern ...

Britain on Thursday set out stronger sanctions against employers who exploit foreign workers, following research showing abuses particularly in the social care sector. Businesses that repeatedly flout visa rules or ...

Petrolina (Holdings) Public Limited (PHL) has announced the completion of a €48.6 million deal to acquire ExxonMobil Cyprus. According to the announcement, this includes the company’s 68 Esso-branded service stations, marking ...

The Cyprus Computer Society (CCS) on Thursday announced the passing of its president Costas Agrotis. The announcement described Agrotis as a pioneer, visionary, and cornerstone of the Cypriot IT community. “...

Hellenic Bank on Thursday announced that the Commission for the Protection of Competition has approved its acquisition of CNP Cyprus Insurance Holdings. This represents a major step forward in the ...

Sweden’s embassy in Cyprus is set to host an event on ‘Sustainable Tourism for the Future’ today, according to an official statement. The event will highlight innovative green solutions ...