#business

President of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides on Thursday said that hotels on the island have had a robust tourist season in 2024. This is despite a modest decline ...

Oil prices steadied on Thursday, after two losing sessions as supply concerns over Libya returned, while a smaller-than-expected draw in US crude inventories sapped demand expectations. Brent crude futures had ...

The unemployment rate in Cyprus decreased to 4.6 per cent in the second quarter of 2024, as reported on Thursday by the Cyprus Statistical Service (Cystat). This marks an improvement from the ...

Cyprus’ tourism revenue reached €385.2 million in June 2024, marking a 6.6 per cent rise compared to €361.5 million in the same month of the previous year. According to the Cyprus Statistical Service (Cystat), ...

State-owned asset management company Kedipes on Thursday announced that its mortgage-to-rent scheme, launched in December 2023 to protect vulnerable homeowners, has already attracted over 2,500 applications. Ahead of the scheme’s deadline ...

Delfi Partners director Michalis Loizou on Thursday argued against the notion that short-term rental properties in Cyprus are the primary cause of rising rental costs, suggesting that other factors contribute ...

Brookstreet Equity Partners, a Greek-founded fund management firm, whose investment footprint includes Cyprus, this week launched a new investment platform based in London. According to an official announcement, the new ...

The Finance Ministry is aiming to reduce public debt to below 60 per cent of GDP by 2026, according to Finance Minister Makis Keravnos. Commenting on the latest International Monetary Fund (IMF) ...

British retailers reported a third straight month of falling sales in August and they expect another decline in September, prompting them to lower their hiring and investment plans, the Confederation ...

Jobs in the US clean energy industry in 2023 grew at more than double the rate of the country’s overall jobs, and unionization in clean energy surpassed for the first ...

Britain’s Financial Conduct Authority said on Wednesday it would launch a market study into so-called pure protection insurance product sales, amid fears that the design of some commission structures ...

SAS said on Wednesday it has exited US Chapter 11 bankruptcy proceedings, with the Scandinavian airline’s CEO hailing a “new era” with a stronger balance sheet and new owners. Sweden-based ...

Total deposits in the Cypriot banking system saw a net increase of €164.7 million in July, reversing the €44.1 million decrease from June, according to a report released on Wednesday from the ...

The American University of Beirut – Mediterraneo (AUB Mediterraneo) will inaugurate its new Paphos campus on September 4, a significant milestone for its operations in Cyprus. The inaugural ceremony, scheduled for 7:00 pm ...

Oil prices slipped on Wednesday on persistent concern over Chinese demand and elevated risks of a broader slowdown, though the decline was capped by potential supply losses from the Middle ...

The dollar steadied on Wednesday after a recent run of declines that pushed it to its weakest in more than a year, as traders awaited economic data that could set ...

The Cyprus Agricultural Payments Organisation (Capo) this week announced that it has established a strategic partnership with the Eratosthenes Centre of Excellence (ECoE), which operates within the Cyprus University of ...

The Finance Ministry is aiming to reduce public debt to below 60 per cent of GDP by 2026, according to Finance Minister Makis Keravnos. Commenting on the latest International Monetary Fund (IMF) ...

The Cypriot government is in the process of creating a national strategy for cruise tourism, aimed at transforming the island into a prime destination in the Eastern Mediterranean, it emerged ...

Cyprus witnessed an improvement in its economic sentiment in August 2024, according to the University of Cyprus’ Economics Research Centre (CypERC). In a report released this week, the centre noted that ...

Current Eurobank Cyprus CEO Michalis Louis is expected to become the new chief executive officer of Hellenic Bank, it emerged on Tuesday. This appointment comes as part of a broader ...

US single-family home prices fell in June, leading to the smallest annual increase in nearly a year, as higher mortgage rates pushed buyers to the sidelines and boosted housing supply. ...

Ryanair (RYA.I) will cut 20 per cent of its traffic at Berlin-Brandenburg airport, which will result in a loss of 750,000 seats, after the German government and airport did not address ...

British shop prices fell in annual terms this month for the first time since October 2021, pushed down by summer sales of clothes and household goods, a survey showed this week. ...