#business

Alpha Bank Cyprus on Friday announced the launch of a new deposit product, offering a fixed deposit rate of 2.50 per cent annually for twelve-month deposits exceeding €70,000. “With a focus on ...

Cyprus experienced a notable surge in consumer prices in March 2024, with olive oil prices skyrocketing by 61.7 per cent, when compared to March 2023, according to a comparison table of consumer price ...

The Public Debt Management Office (PDMO) this week unveiled the interest rates for six-year nominal government bonds for individual investors, effective from the second series (July) of 2024. An announcement released ...

The Central Bank of Cyprus (CBC) this week completed its annual reassessment of the identification of credit institutions falling within the definition of Other Systemically Important Institutions (O-SII) for the ...

The number of registered unemployed individuals in Cyprus at the end of March 2024 saw a significant decrease of 13.5 per cent, compared to March of the previous year, according to a ...

As CEO of Invest Cyprus, the National Investment Promotion Authority of Cyprus, Marios Tannousis plays a key role in transforming the country into a top choice for international investors. “We ...

More than €8 billion of major developments have been planned to be carried out in Cyprus, the Association of Large Investment Projects’ chairman Andreas Demetriades said on Thursday. Demetriades was speaking ...

Global securities watchdog IOSCO on Thursday proposed detailed guidance on how regulators should supervise stock exchanges more closely to negate risks from changes in business practices. IOSCO, which groups financial ...

US layoff announcements rose 7 per cent in March to the highest since January 2023, led by technology and government-sector job eliminations, though cuts announced year to date are down 5 per cent ...

BBF is widely recognised as a leader among the top three development companies in Cyprus, specialising in high-end residential and commercial developments. Headquartered in Limassol, Cyprus, with additional branches in ...

Cyprus witnessed an increase in house prices during the fourth quarter of 2023, with the House Price Index (HPI) rising by 1.6 per cent during this time, according to a report released ...

Cyprus’ tourism revenue experienced a slight decline in January 2024, when compared to January 2023, while per capita tourist spending saw an increase, according to a report released by the Cyprus Statistical ...

Inflation in Cyprus witnessed a significant deceleration in March 2024, recording the lowest rate of increase in nearly three years, standing at 1.2 per cent year-on-year. This downturn primarily stems from a ...

Cypriot authorities must capitalise on the economy’s robust performance and promote structural changes that will further unlock the country’s potential growth and development outlook, an official of the ...

The Cabinet this week approved a circular economy scheme for small and medium enterprises (SMEs), following a proposal by a proposal by the Minister of Energy, Commerce and Industry George ...

The Central Bank of Cyprus (CBC) on Thursday reported an increase in bounced cheques during the first quarter of 2024, when compared to the same period of the previous year. According ...

The dollar hit a one-week low on Thursday as recent economic data supported expectations for quick rate cuts in the US, while the battered yen was little changed against other ...

Cryptocurrency ether is struggling to keep pace with soaring big brother bitcoin. The no. 2 cryptocurrency, which commands less than a fifth of the $2.7 trillion crypto market, has not done poorly. ...

Cyprus ramps up innovation drive with AI and startup focus and AI finds applications in financial services to prevent fraud and enhance customer experience, while the education sector explores robotics ...

Beneficiaries in the mortgage-to-rent scheme are being extended to further aid the financially vulnerable, cabinet decided on Wednesday. Announcing the decision, Finance Minister Makis Keravnos said the move aims to “...

Western European governments have sought to reduce their energy dependence on Russia since the outbreak of the Ukraine war, but when it comes to gas, they have increasingly substituted the ...

Growth in the United Arab Emirates’ non-oil business sector eased a little in March, a survey showed on Wednesday, with supply constraints from shipping disruption in the Red Sea contributing ...

British supermarket total sales rose by 5.4 per cent year-over-year in the four weeks to March 23 as slowing inflation encouraged shoppers to increase their purchases, industry data showed on Wednesday. The ...

Strong demand helped drive non-oil business activity in Saudi Arabia in March, with output accelerating to a six-month high, a survey showed on Wednesday. The seasonally-adjusted Riyad Bank Saudi Arabia ...