#business

The ongoing tax reform process, the first in over twenty years, was the focal point of a conference organised this week by FMW. The event saw participation from technocrats from ...

The London-based independent exploration and production company Energean, which specialises in developing resources across the Mediterranean, on Thursday announced the discovery of new gas findings, in the context of disclosing ...

The total assets of investment funds in Cyprus increased by approximately €293 million in March of this year, representing a rise of 4.5 per cent compared to December 2023, reaching €6.78 billion. According to ...

The Bank of Cyprus on Thursday announced the introduction of electronic dividend payments, following the European Central Bank’s approval for a cash dividend payout. Shareholders now have several options ...

The pound held steady on Thursday near multi-month highs a day after British Prime Minister Rishi Sunak called a national election and data showed inflation did not slow as much ...

European low-cost airline Wizz Air (WIZZ.L) forecast a higher annual profit on Thursday on the back of a strong summer and robust travel demand, after swinging to an annual ...

Belgium’s finance ministry has refused Russian state-owned bank VTB’s (VTBR.MM) request for licences to unblock customer assets held through its brokerage accounts, the bank said on Wednesday. ...

Despite a rise in fuel prices contributing to an uptick in inflation from 1.2 per cent in March to 2.4 per cent in April, due to geopolitical developments, food inflation has continued ...

Shell (SHEL.L) expects its Australian supplies of liquefied natural gas (LNG) to help meet demand from emerging markets in south and southeast Asia, which are tipped to absorb some ...

Britain’s regulators lack the mindset to boost growth and the financial sector’s global competitiveness, and need parliamentary backing to accept more risk when applying rules, the City of ...

The total weight of goods transported by road within Cyprus in the fourth quarter of 2023 saw an 11.4 per cent increase, compared to the same period in 2022, according to a report ...

The Cyprus University of Technology (Tepak) and the Polemidia municipality announced on Wednesday that they have agreed to jointly develop a photovoltaic (PV) park with a total capacity of approximately 9 ...

Despite a rise in fuel prices contributing to an uptick in inflation from 1.2 per cent in March to 2.4 per cent in April, due to geopolitical developments, food inflation has continued ...

Sectors that are heavily exposed to AI are witnessing a surge in productivity, while AI jobs are also experiencing notable growth, according to a recent report shared by PwC Cyprus ...

Deputy Minister of Shipping Marina Hadjimanolis this week met with Greece’s Minister of Shipping and Island Policy Christos Stylianides, with the discussion focusing on the competitiveness of European shipping, ...

International investors are skirting German property deals as they dial back on a market in its worst crisis in a generation, potentially deepening the scars on Europe’s biggest economy. ...

Astrobank announced this week that it is opening a new branch in the Dali area in Nicosia, bucking the trend of shrinking branch networks, noting that this is an underserved ...

President Nicos Christodoulides on Tuesday stressed the need for a unified approach and solid public-private cooperation to address the challenges currently facing the shipping industry. Speaking at the 35th annual ...

Alphabet-owned Google will invest a further 1 billion euros ($1.1 billion) into the expansion of its data centre campus in Finland to drive its artificial intelligence (AI) business growth in Europe. In ...

The Limassol Boat Show 2024 will take place in May, from 23 to 26 at Limassol Marina, and once again, the largest nautical exhibition in the Eastern Mediterranean is expected to impress and ...

President Nicos Christodoulides on Tuesday stressed the need for a unified approach and solid public-private cooperation to address the challenges currently facing the shipping industry. Speaking at the 35th annual ...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday welcomed the signing of a Memorandum of Understanding (MoU) between the Enterprise Europe Network (EEN) Cyprus and the European Digital ...

One in two Cypriots feel confident about starting a business, while more than half believe they possess the necessary skills to be successful in business, according to the results of ...

Tesla is working to appease some European leasing companies after the automaker’s repeated retail price cuts tanked their fleets’ value and its slow service and expensive repairs alienated their ...