#business

Rating’s agency Moody’s on Saturday upgraded the outlook on the government of Cyprus to positive from stable. The decision to improve the outlook reflects Moody’s confidence in ...

Hellenic Bank on Friday released its financial results for the first quarter of 2024, recording an after-tax profit of €93.3 million, with interim CEO Antonis Rouvas saying that the year “started on ...

OpenAI’s efforts to produce less factually false output from its ChatGPT chatbot are not enough to ensure full compliance with European Union data rules, a task force at the ...

Stellantis (STLAM.MI) expects a major battle with Chinese rivals in the European market for electric vehicles, warning of significant consequences for jobs and production as a result, the group’...

Artificial intelligence models can produce apparently brilliant responses to human queries which on closer examination reveal bits of possibly regurgitated nonsense. A similar dynamic may be at work in the ...

There was a slight increase in the absolute numbers of non-performing loans (NPLs) in Cyprus in January of this year, with the ratio of NPLs to total loans remaining stable ...

Property values in Cyprus marked an increase during the first quarter of 2024, compared to the same period during the previous year, according to a report released on Friday by real ...

The European Commission this week issued reasoned opinions, the final step before referring cases to the European Court of Justice (ECJ), to Cyprus and other member states for failing to ...

Eurobank Cyprus recently clinched the Digital Transformation Award at the Temenos Community Forum conference in Dublin, which took place from May 14-16. This accolade celebrates the bank’s successful execution ...

Hellenic Bank on Friday released its financial results for the first quarter of 2024, recording an after-tax profit of €93.3 million, with interim CEO Antonis Rouvas saying that the year “started on ...

The Limassol Boat Show was officially inaugurated on Thursday evening at the Limassol Marina by Deputy Minister of Tourism Kostas Koumis. In a brief address, Koumis highlighted that the Limassol ...

Frederick University and port management company DP World Limassol signed a Memorandum of Understanding (MoU) this week, seeking to “further strengthen their strategic partnership in fields of common interest”, according ...

CEOs are currently expressing a renewed sense of optimism regarding future growth investments, despite a number of challenges, with short-term returns being high on their priority list, according to the ...

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 ...

Google parent Alphabet’s (GOOGL.O) potential acquisition of HubSpot (HUBS.N), a US marketing software maker with a market value of $31 billion, would boost its ability to compete against ...

The winners of Britain’s election on July 4 will have to tackle an economy that looks stuck in a rut of slow growth with high levels of debt limiting the ...

The United Arab Emirates’ (UAE) economy grew 4.3 per cent year-on-year in the fourth quarter of 2023, preliminary government data showed, with non-oil economic growth vastly outperforming overall GDP. Non-oil GDP surged 6.7 ...

Oil prices crept up on Thursday, clawing back some of the previous three days’ losses despite the US Federal Reserve entertaining further tightening of interest rates if inflation remains sticky, ...

The unemployment rate in Cyprus decreased to 6 per cent in the first quarter of 2024, according to a report released on Thursday by the Cyprus Statistical Service (Cystat). The total workforce ...

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 ...