#business

The first investments from the Cyprus Equity Fund, established by the Cypriot government in collaboration with the European Investment Fund (EIF), are expected to commence in the autumn, it emerged ...

The Central Bank of Cyprus (CBC) on Thursday published its monetary and financial institutions (MFIs) report for June 2024, detailing deposits and loan statistics for the month under review. According to ...

Four high street banks, HSBC, Lloyds, TSB and Allied Irish Bank (AIB), broke Britain’s competition rules, the Competition and Markets Authority said in a statement on Thursday. It did ...

Money management app Plum, which has offices in Nicosia, Athens and London, announced this week that it raised more than £16 million in its Series B round. Series B financing is ...

Loan disbursements from international financial institutions have reached €92.75 million so far in 2024, according to a statement released on Thursday by the Public Debt Management Office (PDMO). The office explained that ...

The Paphos Regional Tourism Board (Etap) this week introduced a new application that brings the myth of Aphrodite to life using audiovisual means, after it had previously identified a need ...

“We all need to be cautious when discussing our country’s tourism sector, which is vital to the daily lives of tens of thousands of our fellow citizens,” according to ...

Barcelona cannot absorb an ongoing, unbridled growth in the number of tourists and has to impose restrictions so as not to become a “theme park” without residents, the mayor of ...

Recent reports in the Daily Express about a supposed “panic” in Cyprus’ tourism industry due to a “huge drop” in bookings have been deemed outdated and sensationalist by local industry ...

Shares in French luxury giant LVMH (LVMH.PA) fell more than 6 per cent on Wednesday and were on track for their biggest one-day drop since October 2023 after its second-quarter sales ...

A week of hot summer weather at the end of June, England reaching the final of the Euro 2024 soccer championship and promotions on branded goods drove UK grocery sales over ...

The Russian government is considering a ban on exports of diesel due to rising domestic prices, the Kommersant daily reported on Wednesday, citing several unnamed sources. Russia is the world’...

Growth in eurozone business activity stalled this month as a tepid expansion in the bloc’s dominant services industry failed to offset a deeper downturn among manufacturers, a survey showed ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced important updates related to its anti-money laundering (AML) exams for certified persons. The exams are designed to confirm that individuals ...

The Bank of Cyprus has received two accolades recognising its corporate responsibility at the Boussias Cyprus Responsible Awards 2023, according to a statement released on Wednesday by the bank. Specifically, the ...

Recent reports in the Daily Express about a supposed “panic” in Cyprus’ tourism industry due to a “huge drop” in bookings have been deemed outdated and sensationalist by local industry ...

Tesla (TSLA.O) on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle maker ...

Grid Telecom, a wholly-owned subsidiary of Greece’s Independent Power Transmission Operator (IPTO), and Dawiyat Integrated, a telecommunications arm of Saudi Electricity Company (SEC), this week signed a Memorandum of ...

Alphabet (GOOGL.O) beat second-quarter revenue and profit estimates on Tuesday, driven by a rise in digital advertising sales and healthy demand for its cloud computing services, but flagged that ...

The Cyprus Borrowers Association (Syprodat) this week said that it has initiated discussions with various political parties, aiming to explore the possibility of proposing a law to address the issue ...

Non-performing loans (NPLs) in the Cypriot banking sector remained virtually unchanged in May, totalling €1.77 billion compared to €1.80 billion the previous month, according to a report released this week by the ...

Despite numerous challenges, the Cyprus real estate market has shown resilience in the first half of 2024, with a notable increase in activity, according to the Cyprus Real Estate Agents Registration ...

A jump in British household savings since the COVID-19 pandemic appears here to stay and cannot be fully explained by higher interest rates or unemployment fears, according to the country’...

Israeli cybersecurity startup Wiz has ended talks with Google-parent Alphabet (GOOGL.O) on a reported $23 billion deal in which it would have become the US tech giant’s largest-ever acquisition, ...