#business

Tourist arrivals in Cyprus reached 3.73 million visitors in the first ten months of 2024, reflecting a 4.6 per cent increase compared to the same period in 2023. This also represents a modest 0.81 per ...

Hellenic Bank on Monday announced a reduction of its key interest rate by 21 basis points, effective from November 14, 2024. This move is expected to positively impact more than 90,000 borrowers across the ...

Cruise ship arrivals at Limassol port have dropped sharply, with 2024 bookings falling from 200 to just 90 due to the conflict in Israel and instability in the Eastern Mediterranean. To address the ...

Inflation in Cyprus has slowed for a third consecutive month, according to the Consumer Protection Service. The service on Monday reported a decrease from 1.5 per cent in August to 0.7 per ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced that the Cyprus-Austria Business Forum is set to take place on November 21, 2024. Kicking off at at 9:30am, the event ...

The Cyprus accountants’ association (Selk) and the University of Cyprus’ Department of Accounting and Finance (AFN) have signed a Memorandum of Understanding (MoU). The move aims to forge closer ties ...

The UK-Cyprus Enterprise Council (UKCEC), a non-profit organisation founded by members of the Cypriot diaspora, has launched its updated website. The council aims to strengthen business ties between the United ...

The total weight of goods transported by road within Cyprus increased by 9.1 per cent during the second quarter of 2024 compared to the same period in 2023, according to a report from ...

The Central Bank of Cyprus (CBC) on Monday announced the release of a silver collector’s coin with a nominal value of €5, minted in proof condition for 2024. According to the ...

To improve living conditions and reduce buildings’ environmental impact, EU-funded researchers are making deep renovations possible across Europe by securing financing, setting strict standards and building trust with residents. By ...

By chiefly focusing on trying to salvage its industry champions, German policymakers may have overlooked the untapped growth potential of the country’s services sector. The German economy, once described ...

Artificial intelligence companies like OpenAI are seeking to overcome unexpected delays and challenges in the pursuit of ever-biggerlarge language models by developing training techniques that use more human-like ways for ...

EU-funded researchers are reclaiming Europe’s space in the online world by developing the infrastructure needed to support a greater diversity of European search engines. By Jack McGovan Megi Sharikadze, ...

SoftBank’s Japanese telecoms unit will receive the first chips using Nvidia’s (NVDA.O) latest Blackwell design for its supercomputer, the California-based chip designer said, as Masayoshi Son looks ...

By Ioannis Sidiropoulos The fall of the Berlin Wall on November 9, 1989, marked a monumental turning point in world history. It symbolized the collapse of communist regimes across Eastern Europe and ...

Here are the top business stories in Cyprus from the week starting November 11: Two in three Cypriots place a high priority on adapting to climate change, according to the European ...

Amazon.com’s (AMZN.O) cloud computing unit this week said it will offer free computing power to researchers who want to use its custom artificial intelligence chips, aiming to ...

British grocery sales growth slowed over the last month as shoppers held back spending in anticipation of upcoming Christmas festivities and Black Friday promotions, industry data showed this week. Market ...

Meta Platforms (META.O) plans to offer Instagram and Facebook users in Europe the option to receive “less personalized ads,” the tech giant has announced, in an effort to allay ...

Investment in Norwegian oil and gas projects will rise to a record this year and may increase further in 2025 as inflation pushes up the costs of development, a national statistics ...

Property prices in Limassol surged in 2024, with apartment prices up by over 20 per cent and house prices rising by 30 per cent, according to a report from Nicosia-based firm Landbank Analytics. ...

Audio-streaming giant Spotify (SPOT.N) forecast fourth-quarter profit above Wall Street estimates this week, betting on cost cuts and strong subscriber growth in the crucial holiday season. Its shares that ...

Netflix (NFLX.O) said this week its ad-supported tier had reached 70 million monthly active users globally, nearly doubling from about six months earlier as customers seek more affordable options. The ...

Shares in Samsung Electronics (005930.KS), the world’s top memory chip maker, fell earlier this week to their lowest level in more than four years amid worries about the impact ...