#business

Here are the top business stories in Cyprus from the week starting February 26: The Cyprus Marine Club (CMC), a renowned non-profit organisation that plays a pivotal role in bringing together ...

Alphabet’s (GOOGL.O) Google Cloud has ramped up its criticism of Microsoft’s cloud computing practices, saying its rival is seeking a monopoly that would harm the development of ...

Online travel platform Expedia (EXPE.O) said on Monday it was cutting about 1,500 jobs globally, or about 9 per cent of its total workforce, as part of its “organizational and technological ...

Zoom Video Communications (ZM.O) on Monday posted better-than-expected quarterly results helped by strong demand for its expanding product portfolio as more employers embrace hybrid work models, sending its shares ...

The Research & Innovation Foundation (RIF) this week released a statement highlighting Cyprus’ impact at the “Mobile World Congress Barcelona 2024” and “4 Years from Now” (4YFN), the world’s largest exhibitions ...

The Central Bank of Cyprus (CBC) and the Bank of Greece (BoG) on Friday signed a Memorandum of Cooperation during a ceremony held in Nicosia. The signing ceremony took place ...

By Charles Ellinas That’s what the findings of the Economist Intelligence Unit’s (EIU) 2023 edition of its annual ‘Democracy Index’, released mid-February, show. In contrast to Cyprus, Greece improved ...

Cypriot telecommunications company Cyta this week presented its 2024 budget to the House Finance Committee, underlining its commitment to strategic planning, innovation, and societal impact. Maria Tsiakka, President of Cyta, addressed ...

Eurostat’s latest data reveals a compelling shift in the landscape of Renewable Energy Sources (RES) for heating and cooling within the European Union. The year 2022 witnessed a substantial surge, ...

The Central Bank of Cyprus (CBC) and the Bank of Greece (BoG) on Friday signed a Memorandum of Cooperation during a ceremony held in Nicosia. The signing ceremony took place ...

Cyprus’ Business Cycle Index recorded an increase in accommodation and food services during the fourth quarter of 2023, along with a decline in professional activities, according to a report released this ...

The Ministry of Energy, Commerce, and Industry this week announced the extension of the deadline by six months, for approved applicants, to fully implement their investment proposals under the first ...

In a marathon session that extended into the early hours of Friday, the House unanimously approved the budget of the Cyprus Stock Exchange (CSE) for 2024. At the same time, the ...

The Central Bank of Cyprus (CBC) announced this week that it expects a 2.2 per cent increase in the country’s Gross Domestic Product (GDP) for the year 2023, following a substantial 5.1 ...

The House of Representatives in the early hours of Friday morning approved a number of important pieces of legislation, during a session that lasted over nine hours, among which was ...

The Deputy Ministry of Tourism and the Cyprus Hospitality Association this week held the Cyprus Hospitality Awards, an event that sought to honour exceptional people and businesses from the tourism ...

Artificial intelligence offers a growing and potentially lucrative opportunity for Intel’s (INTC.O) freshly standalone programmable chip unit, its CEO Sandra Rivera said. Intel’s programmable chip unit began ...

Cyprus’ tourism revenue amounted to €74.3 million in December 2023, compared to €57.6m in the corresponding month of the previous year, marking an increase of 29 per cent, according to a report released ...

The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in February and January, according to a Reuters ...

Inflation fell in six economically important German states in February, preliminary data showed on Thursday, suggesting that German inflation is continuing on its downward trajectory. The inflation rate in North ...

German sports apparel company Puma (PUMG.DE) plans to return up to 50 per cent of its net income to shareholders, it said on Thursday The company will now return between 25...

Consulting and advisory firm Deloitte Cyprus on Thursday announced the release of the organisation’s Global Human Capital Trends report for 2024, which examines the most important issues for organisations, leaders ...

The vice president of the European Investment Bank (EIB) Kyriacos Kakouris on Thursday confirmed that the EIB’s stance on the Great Sea Interconnector, the electrical interconnection project between Cyprus, ...

Cyprus’ tourism revenue amounted to €74.3 million in December 2023, compared to €57.6m in the corresponding month of the previous year, marking an increase of 29 per cent, according to a report released ...