#business

The European Central Bank’s (ECB) governing council announced on Thursday that it has decided to keep the three key ECB interest rates unchanged, with inflation currently at the ECB’...

A recent study by the University of Cyprus’ Economics Research Centre (CypERC) has explored the relationship between changes in global commodity prices and domestic inflation in Cyprus. According to the ...

The environmental authority has approved the demolition of the former Nemitsas foundry in Limassol, paving the way for the construction of a new building for the Deputy Ministry of Shipping. ...

The Russian rouble’s 45 per cent rise against the US dollar since the start of the year has made it one of the world’s best performing currencies – but the ...

Tesla (TSLA.O) shares fell nearly 6 per cent in early trading in Europe on Thursday, after Elon Musk’s electric vehicle maker posted its worst quarterly decline in sales in ...

Britain and India are set to formally sign a free trade agreement on Thursday during Prime Minister Narendra Modi’s UK visit, following three years of negotiations. The deal then ...

The European Union collected more than €33 billion in VAT revenue during 2024 through its e-commerce VAT systems, according to new data published this week, underscoring the impact of its 2021 VAT reform ...

Limassol has emerged as the strongest performer for high-end house rentals in Cyprus’ residential property market, while Nicosia recorded the lowest average rents, according to a report released on Wednesday ...

Industrial production in the European Union grew at an average annual rate of 0.6 per cent between 2000 and 2024, according to new data highlighting the modest long-term performance of the sector. In ...

The Deputy Ministry of Tourism this week announced the launch of the nomination process for the Cyprus Hospitality Awards 2025, a national initiative that recognises and rewards excellence in the tourism ...

Ratings agency Moody’s reported a rise in second quarter profit on Wednesday, driven by robust gains in its data and analytics unit and an increase in government borrowing. Demand ...

Pay settlements by British private-sector employers held at 3 per cent in the three months to June, representing a pay cut in inflation-adjusted terms for many workers, according to a survey ...

Aspiring entrepreneurs in Cyprus now have the chance to launch their startup dreams with support from the Research and Innovation Foundation (RIF), which on Wednesday launched its Future Founders Academy, ...

J D Wetherspoon (JDW.L) reported a rise in sales in recent weeks since May as people flocked to pubs for beers and sparkling wines amid hot weather in Britain. ...

Japan’s trade agreement with the US could serve as the benchmark for many other deals currently being negotiated with Washington, and the global economy could just about support the 15 ...

Non-EU citizens in the European Union were more likely to work part-time in 2024 than EU nationals, underlining persistent disparities in employment patterns across citizenship groups, Eurostat data showed on Wednesday. ...

Limassol has emerged as the strongest performer for high-end house rentals in Cyprus’ residential property market, while Nicosia recorded the lowest average rents, according to a report released on Wednesday ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a warning to investors regarding two online platforms that are not authorised to provide investment services or perform investment activities under ...

The Bank of Cyprus (BoC) on Wednesday announced that it has issued 8,573 new shares to members of its general management under its short-term incentive plan, according to a formal information ...

Cypriot businessmen Costas Cleanthous and Charalambos Panayiotou, shareholders of fintech trading platform XM, have applied to the Central Bank of Cyprus (CBC) to acquire a majority stake in Ancoria Bank, ...

The official launch of the Smart Cyprus project took place this week at the amphitheatre of Cyta’s headquarters in Nicosia. According to an official announcement, the event marked the ...

Cypriot businesses are bracing for potential fallout from a trade war between the United States and the European Union, as Brussels readies retaliatory tariffs in response to threats by US ...

Alphabet (GOOGL.O), faced with unprecedented threats from AI rivals, will be keen to assure investors this week that the company’s own spending on the technology is helping it ...

A key driver of Tesla’s (TSLA.O) profit is disappearing fast as the US government changes policies on an environmental asset known as regulatory credits. Investors are likely to ...