#business

The global economy is growing faster than expected only a few months ago thanks to resilient US activity while inflation is converging more quickly than expected with central banks’ targets, ...

Cyprus’ retail sector experienced a significant upturn in March 2024, according to a report from the Cyprus Statistical Service (Cystat) released on Thursday. The report disclosed a 5.5 per cent increase in ...

Inflation soared to its highest level since October 2023 in April of this year, according to a report released on Thursday by the Cyprus Statistical Service (Cystat), reigniting concerns amongst consumers ...

Limassol port has seen a substantial rise in wheeled cargo traffic since DP World Limassol (DPWL) took over its operation, processing around 60,000 multipurpose Ro-Ro units (Roll-on, Roll-off) in 2023 alone, according ...

The acquisition of CNP’s insurance operations in Cyprus and Greece is expected to lead to increased and more varied revenue streams for Hellenic Bank, according to a report released ...

A recently held property conference held in Larnaca expressed great confidence about the city’s real estate prospects, while also providing assurances that the redevelopment of the port and marina ...

Leading PayTech firm payabl., which has offices in Cyprus, Germany, Netherlands and the United Kingdom, on Thursday marked a significant achievement as it commemorated 12 years as a principal member of ...

Global investors are eyeing European and emerging market assets to protect themselves from further turbulence in US stocks and bonds as stubborn inflation causes bets on the timing of Federal ...

British house prices fell unexpectedly for a second month running during April, figures from mortgage lender Nationwide showed on Wednesday. House prices fell 0.4 per cent month-on-month, after a 0.2 per cent ...

Saudi Arabia’s real gross domestic product (GDP) decreased 1.8 per cent year-on-year in the first quarter, flash estimates by the government’s statistical authority showed on Wednesday, as a decline ...

McDonald’s (MCD.N) missed quarterly profit estimates for the first time in two years as budget-conscious consumers looked past its offers and the Middle East conflict weighed on the ...

Elon Musk’s abrupt decision to lay off employees who ran Tesla’s electric vehicle charging business blindsided automakers gearing up to equip new EVs for customers to use the ...

Coca-Cola raised its annual organic sales forecast on Tuesday after topping first-quarter results as customers in the US and international markets shell out more money for its pricey sodas and ...

The Cyprus Real Estate Agents Registration Council released a statement on Tuesday expressing support for a new government bill related to the frequency of property valuations, saying that this will ...

The number of mortgages approved by British lenders rose to an 18-month high in March, according to Bank of England data on Tuesday that confirmed a recovery in the housing ...

The German economy skirted a recession at the start of the year, growing more than expected thanks to the construction sector and exports, preliminary data showed on Tuesday. The economy ...

A coin called TON has leapt in value in recent months, with investors betting its integration with messenger service Telegram could bring the cryptocurrency to the app’s estimated 900 million ...

The Cyprus general government generated a surplus of €45.1 million during the final quarter of 2023, compared to a surplus of €29.2 million in the same period of 2022, according to a report released ...

Household debt in Cyprus stood at 66 per cent of Gross Domestic Product (GDP) at the end of 2023, while corporate debt reached 133 per cent of GDP, according to the Central Bank ...

Cyprus residents’ spending on travel abroad reached €1.39 billion in 2022, marking a significant bounce-back year for travel compared to 2021, when pandemic restrictions were still heavily impacting global mobility. According to data ...

The Cyprus Real Estate Agents Registration Council released a statement on Tuesday expressing support for a new government bill related to the frequency of property valuations, saying that this will ...

The Public Debt Management Office (PDMO) released its annual report for 2023 on Tuesday, stating that the robust cash reserves of the Republic of Cyprus are expected to support the government ...

Agriculture Minister Maria Panayiotou called for an increase in the de minimis threshold regarding state aid in agriculture to €50,000 per single enterprise during the EU Agriculture and Fisheries Council, which ...

Total sales of petroleum products in Cyprus amounted to 108,200 tonnes in March, marking a decrease of 3.2 per cent compared to the same month of the previous year, according to a ...