#business

By Theodoros Zachariadis The European Union adopted the European Climate Law (Regulation (EU) 2021/1119) in 2021, which requires the EU to reach net zero emissions in 2050 – that is, if emissions still exist, ...

European Central Bank policymakers on Friday lined up in support of an interest rate cut in the coming months as inflation in the eurozone falls faster than they had anticipated. ...

The Cyprus general government recorded a surplus of €455.9 million in January 2024, equivalent to 1.4 per cent of the GDP, according to the preliminary fiscal results released on Friday by the Statistical ...

Cyprus has been ranked at a lowly 37th place in terms of the best EU Countries for women’s career progression, according to a study conducted by analysts at Claims....

The unemployment rate in Cyprus fell to 5.9 per cent of the labour force during the fourth quarter of 2023, marking a significant decrease from 6.9 per cent in the same period of 2022, ...

The price of fresh vegetables saw a substantial increase of 26.5 per cent in February, when compared to the previous month, according to a report by the Cyprus Consumer Association released ...

Minister of Energy, Commerce, and Industry George Papanastasiou on Friday addressed the ‘Cyprus Conference on Competition Law‘, which sought to examine the key trends and developments in this area. During ...

In commemoration of International Women’s Day 2024, consulting and advisory firm PwC Cyprus shared two studies, the Women in Work Index and Inclusion Matters, shedding light on the persistently sluggish ...

Eurobank Cyprus on Friday released its financial results for the year 2023, posting an after-tax profit of €199.4 million, reflecting a significant increase of 111 per cent over the previous year. In addition, ...

The Cyprus Registry marked its 60th anniversary of participation in global shipping activities earlier this week, highlighting its journey towards becoming a key player through a strategy focused on responsible ...

Cyprus’ Deputy Minister of Tourism Kostas Koumis on Thursday expressed optimism about the German tourist market, despite the ongoing challenges in the aviation sector, and the overall negative economic climate ...

Google, Apple, Amazon, Microsoft, Meta and TikTok owner ByteDance have scrambled over the last six months to comply with landmark EU tech rules that come into force on Thursday, from ...

British house prices rose for a fifth month in a row in February, climbing by 0.4 per cent from January, according to data from mortgage lender Halifax on Thursday that echoed ...

Business associations have stated on Thursday that implementing a price cap on items sold at various locations would distort the market, following a cabinet decision to propose a bill to ...

The European Central Bank kept borrowing costs at record highs on Thursday but took a first, small step towards lowering them, saying inflation was easing faster than it anticipated only ...

Apple (AAPL.O) has been asked to explain why it prevented Fortnite video-game maker Epic Games from launching its own online marketplace on iPhones and iPads in Europe and whether ...

Cyprus saw a modest inflation increase of 1.8 per cent in February 2024, a development primarily driven by the services sector, according to a report released on Thursday by the Cyprus Statistical ...

Cyprus’ Deputy Minister of Tourism Kostas Koumis on Thursday expressed optimism about the German tourist market, despite the ongoing challenges in the aviation sector, and the overall negative economic climate ...

Egypt secured an expanded $8 billion deal on Wednesday with the International Monetary Fund, hours after the central bank unshackled its currency and delivered a 600 basis points rate hike in a ...

The Cyprus Chamber of Commerce & Industry (Keve) announced on Thursday that it is set to host a seminar on “Managing Diversity and Conflict Negotiation”, in what is being described ...

The Paphos Regional Tourism Board (Etap), along with several hoteliers from the district, actively took part in the ITB Berlin International Tourism Exhibition from March 4 to March 7, 2024, according to an ...

Cyprus’ flagship technology event is returning to Limassol for the 7th time, with a string of new features and a brand-new location. Reflect Festival will take place on May 30-31 ...

Oil prices held steady on Thursday, holding onto overnight gains after upbeat Chinese trade data and after US data showed a smaller-than-expected rise in crude inventories and large draws in ...

Once hurt by crises and deflation, the euro is gaining popularity among central bank reserve managers thanks to a return to positive rates and geopolitics challenging king dollar’s appeal. ...