#business

Credit rating agency Fitch Ratings this week upgraded Hellenic Bank’s long-term Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BB+’, with a stable outlook, and its Viability Rating (VR) to ‘...

At the forefront of elevating Cyprus, real estate is Blackbook Agency, led by Managing Director Eleftheria Voskaridou. The real estate market in Cyprus is an ever-evolving landscape, shaped by a ...

Eurobank has revealed its intention to gain full control of Hellenic Bank’s share capital and voting rights, while also sharing details about the company’s future operations, according to ...

Qatar Airways posted a 39 per cent jump in annual net profit to a record 6.1 billion Qatari riyals ($1.67 billion) on Tuesday. Revenue grew by 6 per cent to 81 billion riyals in the ...

British house prices showed a small gain in June from May but the impact of higher borrowing costs is still weighing on the property market, according to mortgage lender Nationwide. ...

Economic council makes number of recommendations to update long-term economic strategy, seeks EU funding The long-term strategy for the sustainable development of the Cypriot economy, known as Vision 2035, is set ...

Oil prices extended gains to two-month highs on Tuesday on expectations of rising demand during the summer driving season and possible supply disruptions from Hurricane Beryl. Brent crude futures rose 70 ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced its intention to explore the establishment of the Cyprus – Baltic States Business Association, aimed at enhancing economic and trade ...

The Association of Large Investment Projects on Tuesday highlighted the untapped potential of golf tourism in Cyprus, referencing the efforts being made to remove barriers blocking the development of new ...

Eurobank has revealed its intention to gain full control of Hellenic Bank’s share capital and voting rights, while also sharing details about the company’s future operations, according to ...

Eurobank on Monday announced that it now holds shares representing 55.48 per cent of the total issued share capital and voting rights of Hellenic Bank. Specifically, Eurobank S.A., a subsidiary ...

With presence in 75 countries, Leptos Estates promotes internationally the modern image of our ever evolving island In the 64 years of it’s entrepreneurship path the Leptos Group has been established ...

The Cyprus Investment Funds Association (CIFA) has called for the swift passage of the bill governing the establishment and operation of management companies for collective investment organisations. This piece of ...

Retail trade in Cyprus saw an uptick in May 2024, with the turnover value index increasing by 4.5 per cent compared to the same month in the previous year, according to a ...

Tourism revenue in Cyprus saw a modest rise of 5.5 per cent in the first quarter of 2024, compared to the same period in 2023, while April remained essentially the same, according to ...

British consumers increased their borrowing in May by the most in four months after a dip in April, Bank of England data showed on Monday, adding to signs of recovering ...

The euro climbed on Monday after a convincing and historic win by the French far right in the first round of parliamentary elections fell slightly short of some expectations, leaving ...

The Cyprus government saw its surplus climbing to 1.9 per cent of the country’s Gross Domestic Product (GDP) between January and May 2024, up from 1.1 per cent in the same period ...

Tourism revenue in Cyprus saw a modest rise of 5.5 per cent in the first quarter of 2024, compared to the same period in 2023, while April remained essentially the same, according to ...

The House is expected to discuss legislation concerning the establishment and operation of collective investment organisations in September, following the end of the summer recess, according to statements made on ...

The top ten most expensive property sales in Cyprus exceeded €39 million in May of this year, with Limassol continuing to dominate the high end of the market, according to a ...

Cyprus saw a 20.1 per cent increase in tourist arrivals during 2023, reaching 3,845,652 compared to 3,201,080 in 2022, with over one-third of visitors staying in Paphos, according to a report by the state’s ...

The average gross monthly earnings of employees in Cyprus saw a 5.7 per cent increase during the first quarter of 2024, reaching €2,378 compared to €2,251 in the same period of 2023, according to a ...

Energy Minister George Papanastasiou highlighted Egypt as an essential partner for Cyprus during an interview with the Cyprus News Agency (CNA) on Sunday, in the context of the EU-Egypt Investment ...