#business

PwC Cyprus’ Michael Solon Kassinis has outlined the critical importance of the European Union’s updated Network and Information Security Directive (NIS2), set to take effect on October 17, 2024. Kassinis, who ...

The Bank of Cyprus on Tuesday announced that it has begun informing 20,000 eligible borrowers about its latest loyalty reward scheme. According to the announcement, the Bank of Cyprus’ new Pronomia ...

UK grocery inflation edged lower in the four weeks to Sept. 1, data from market researcher Kantar showed this week, after rising for the first time in 18 months in last month’...

The Bank of London has paid all its taxes, a spokesperson said this week, after British media reported that the clearing bank had been hit with a so-called winding-up petition ...

Investor morale in the eurozone fell for a third consecutive month in September, a survey showed this week, dropping to its lowest level since January amid dissatisfaction over the state ...

Leading European financial services provider payabl. announced on Tuesday the launch of its innovative payment accounts solution. This cloud-based, API-first solution is designed to help businesses of all sizes manage ...

Chairman of Agros Development Company Antonis Pissarides has highlighted the urgent need for support and compensation for mountain hotels, saying that they are at risk of permanent closure. Pissarides warned ...

The Bank of Cyprus on Tuesday announced that it has begun informing 20,000 eligible borrowers about its latest loyalty reward scheme. According to the announcement, the Bank of Cyprus’ new Pronomia ...

The value of bounced cheques recorded in Cyprus reached €57,129 in August 2024, according to a report released this week by the Central Bank of Cyprus (CBC). This figure comes from a ...

Cypriot lawmakers this week called for major revisions or the withdrawal of a bill proposing to raise the current 1.5 per cent allocation of sports betting profits to football clubs to 3 ...

Cyprus’ trade deficit narrowed in the first seven months of 2024, reaching €4.31 billion compared to €5.19 billion during the same period in 2023, according to a report by the Cyprus Statistical Service (Cystat). ...

Britain needs an additional one trillion pounds ($1.3 trillion) in investment in the next decade to grow the economy, according to a lobby group report. New British Prime Minister Keir Starmer ...

Britain’s antitrust regulator announced that it had provisionally found Alphabet’s (GOOGL.O) Google had abused its dominant position in digital advertising to restrict competition. The Competition and Markets ...

British house prices rose last month at the fastest annual pace since late 2022, according to data from mortgage lender Halifax, adding to signs of renewed momentum in the property market ...

Europe’s auto industry could face fines of 15 billion euros ($17.4 billion) for carbon emissions due to slowing demand for electric vehicles, according to Renault CEO Luca de Meo. Automakers face ...

Cyprus’ trade deficit narrowed in the first seven months of 2024, reaching €4.31 billion compared to €5.19 billion during the same period in 2023, according to a report by the Cyprus Statistical Service (Cystat). ...

Cyprus saw an increase of 15.9 per cent in the total number of motor vehicle registrations during the first eight months of the year, totalling 34,391, up from 29,673 in the same period ...

Director General of the Research and Innovation Foundation (RIF) Theodoros Loukaidis recently met with Henrietta Egerth, who leads Austria’s national R&D funding agency, FFG. According to an ...

Women in Tech Cyprus and TechIsland are joining forces to host the first-ever Women in STEM Cyprus Forum, set for October 8, 2024, at the Kolla Culture Factory in Limassol.   The event, ...

Artificial intelligence is pushing companies towards flatter hierarchies, allowing them to focus on advanced education and skills, according to Fivos Tsountas, Principal at KPMG Cyprus. “Artificial intelligence (AI) technologies are ...

Influencers in Cyprus face increased scrutiny as authorities step up checks on tax compliance and transparency in advertising. This move, aimed at protecting consumers, follows new EU regulations requiring influencers ...

Britain’s labour market cooled noticeably last month as job placements fell sharply and pay growth slowed, according to a survey of recruiters on Monday that could bolster the case ...

Oil futures jumped in Asian trading on Monday as a potential hurricane system approached the US Gulf Coast, and as markets recovered from a selloff following weaker-than-expected US jobs data ...

Cyprus has recorded the third highest annual growth rate within the European Union and the second highest in the Eurozone during the second quarter of 2024, according to data released by ...