#business

Net new loans in Cyprus increased by €20.9 million in April 2024, according to a report released this week by the Central Bank of Cyprus (CBC). Specifically, according to the report, net ...

The Central Bank of Cyprus released a report this week indicating a decline in deposit rates for April, while loan interest rates fluctuated across categories during the same period of ...

The Industrial Turnover Index in Cyprus decreased by 4.4 per cent in March of this year, when compared to March 2023, dropping to 132 units, with 2021 acting as the base year set at 100 ...

President of the Larnaca Hoteliers Association Marios Polyviou on Wednesday reported a slight decrease in tourist bookings in Larnaca compared to last year, noting that arrivals to the island are ...

Eurozone business activity expanded at its quickest rate in a year in May as growth in the bloc’s dominant services industry outpaced contraction in manufacturing, according to a private ...

Britain’s markets regulator is expected to narrow down plans to name companies under investigation, four lawyers told Reuters, after a government and industry backlash labelled the proposals misjudged and ...

Zara owner Inditex (ITX.MC) reported a pick-up in recent sales from its Spring/Summer collections, boosting its shares on Wednesday as the world’s top fashion retailer delivered quarterly ...

The latest figures from the Cyprus Statistical Service (Cystat) reveal a significant decrease in the number of registered unemployed individuals in May 2024. Seasonally adjusted data shows a reduction of 2,198 people, ...

German software firm SAP (SAPG.DE) said on Wednesday it will acquire WalkMe (WKME.O), a Saas company headquartered in Tel Aviv. Shares in the latter were up 42 per cent ...

Turkey has almost finalised work on imposing a transaction tax on the purchase and sale of stocks and crypto assets, an economy official said on Wednesday. The move is part ...

President of the Larnaca Hoteliers Association Marios Polyviou on Wednesday reported a slight decrease in tourist bookings in Larnaca compared to last year, noting that arrivals to the island are ...

Eurobank S.A. on Tuesday, June 4, announced the acquisition of 31,959 shares of Hellenic Bank Public Company Ltd from investment funds managed by Senvest Management LLC. According to the announcement, the ...

The first annual Golden Boomerang Awards 2024 took place in Cyprus over the weekend, celebrating the significant contributions to the iGaming industry by awarding heavyweight golden statuettes to eleven key participants. ...

The Cyprus Research and Innovation Foundation (RIF), Cyprus’ national funding agency for research, technological development, and innovation, continues to be a cornerstone in developing the country’s growing ecosystem. RIF ...

Consulting and advisory firm Deloitte Cyprus this week announced that it has expanded its leadership team with the appointment of three new partners effective from June 1, 2024. According to the announcement, ...

Cypriot firm Ask Wire, a real estate data analytics company, this week announced the successful completion of its equity extension round, securing funding to support its expansion into key European ...

Eurobank S.A. has announced that it now holds 55.3 per cent of the total issued share capital of Hellenic Bank. The bank revealed that it has submitted a Mandatory Public ...

An outage affecting Norway’s gas exports to Britain that sent prices soaring on Monday will likely be repaired by Friday, easing supply crunch concerns but still serving as a ...

Oil prices fell more than $1 a barrel on Tuesday on scepticism about an OPEC+ decision at the weekend to boost supply later this year into a global market where demand ...

The Cyprus Research and Innovation Foundation (RIF) on Tuesday announced a new funding initiative totalling €300,000, aimed at strengthening innovation support structures, including incubators and accelerators for start-ups. According to the ...

Eurobank S.A. has announced that it now holds 55.3 per cent of the total issued share capital of Hellenic Bank. The bank revealed that it has submitted a Mandatory Public ...

The capital markets team of Elias Neocleous & Co LLC has successfully assisted Premier Energy PLC in relation to the initial public offering (IPO) and listing on the Bucharest Stock ...

Cyprus’ flagship tech & startup festival, Reflect Festival, returned to Limassol, welcoming 9,000 entrepreneurs, investors, and tech enthusiasts in an ambitious new venue. Reflect Festival successfully wrapped up another edition fueled ...

The Cyprus Chamber of Commerce & Industry (Keve) on Tuesday announced the completion of the works aiming to upgrade its headquarters in Nicosia into a green building. This initiative aligns ...