#business

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 ...

Cyprus’ general government recorded a surplus of €876.3 million during the entirety of 2023, according to the preliminary financial results released on Thursday by the Cyprus Statistical Service (Cystat). In terms of ...

The Cyprus Real Estate Agents Registration Council on Thursday announced that it successfully conducted a training seminar on February 28, in collaboration with the Tax Department. According to the announcement, the ...

The Central Bank of Cyprus (CBC) and the Bank of Greece are set to sign a Memorandum of Cooperation, formalising collaboration in specific areas such as resilience exercises, as well ...

Limassol’s annual carnival is a celebrated event that adds vibrancy and excitement to the city. It has become a significant part of the local culture, drawing participants and visitors ...

The Minister of Finance, Makis Keravnos, and the Deputy Minister of Research, Innovation, and Digital Policy, Nikodemos Damianou, met at the Ministry of Finance this week to discuss effective collaboration ...

The Cyprus Securities and Exchange Commission (CySEC) this week held an event with the Hellenic Capital Market Commission (HCMC), during which they discussed the challenges facing European markets. The event, ...

The European Central Bank will continue putting a “floor” under market interest rates in the years to come, but banks will play a greater role in deciding how much liquidity ...

Energean, a prominent gas-focused independent exploration and production company operating in the Mediterranean and UK North Sea, on Thursday announced that it has achieved the first gas from Karish North, ...

The Cyprus Research and Innovation Centre (CyRIC) this week announced that it is spearheading the EU-funded dAIry 4.0 project, focusing on advanced artificial intelligence (AI) and data solutions for individualised automated ...

Hellenic Bank on Thursday announced the launch of a specialised account designed for individuals aged 18 to 25, acknowledging the specific financial needs of the youth. The bank explained that the account, ...

In a strategic collaboration with the Ministry of Energy, Commerce, and Industry, the Cyprus Chamber of Commerce and Industry (Keve) is set to host a presentation on a funding scheme ...

American Airlines (AAL.O) is nearing a deal for about 100 narrowbody jets split between Airbus SE (AIR.PA) and Boeing (BA.N), with the European planemaker likely to win a ...

The US economy grew at a solid clip in the fourth quarter amid strong consumer spending, the government confirmed on Wednesday, but it appears to have lost some speed early ...

Britain’s market regulator plans to announce corporate investigations earlier, publish updates and close inquiries more quickly in an effort to prioritise cases with the most impact and reassure the ...

The Treasury on Wednesday announced that the rate of implementation of the development costs of the state budget in January 2024 stands at 1 per cent, equivalent to €17.86 million, remaining consistent with ...