#business

Cyprus’ general government recorded a surplus of approximately €600 million in the first quarter of 2024, reflecting a 58 per cent increase from the previous year, driven by revenue growth outpacing expenditure, according ...

The Finance Ministry is contemplating a return to financial markets in the near future, aiming to capitalise on the Cypriot economy’s positive momentum, which has been further reinforced by ...

The EU drive towards green energy is seeking to harness a traditionally clean power source – with some tweaks. By Tom Cassauwers Dr Jeremy Bricker, a hydraulics and coastal engineer, is ...

By Michalis Sarris The euro, a symbol of European unity and economic integration, will soon welcome Bulgaria into its fold. Bulgaria, a “partial” member since the introduction of the currency ...

By Maria Demertzis Last week’s European election results were a mixed bag. The European People’s Party and the Social Democrats, traditionally the biggest parties in Europe, held on ...

Last week, CEO Tim Cook’s Apple (AAPL.O) announced a splashy deal with OpenAI to include its powerful artificial intelligence model as a part of its voice assistant, Siri. ...

Here are the top business stories in Cyprus from the week starting June 10: President of the Famagusta Hoteliers Association (Pasyxe), Panayiotis Constantinou, remains cautiously optimistic about the future of tourist ...

Artificial intelligence and US election have emerged as significant risks to businesses this year with an overwhelming 80 per cent of owners worried their insurance will not cover a specific loss, ...

FedEx (FDX.N) is planning to cut between 1,700 and 2,000 back-office jobs in Europe, in its latest push to cut costs as the parcel delivery giant combats a slump in freight ...

The European Union is proposing to sanction Russia’s oil-shipping giant Sovcomflot PJSC (FLOT.MM) in a move to limit the Kremlin’s ability to finance its war against Ukraine, ...

German carmaker Audi will invest one billion euros ($1.08 billion) in electric vehicle projects in the Mexican state of Puebla, the state’s governor said on this week. The investment will ...

The occupancy rate of the aircraft arriving in Cyprus last month reached around 85 per cent and is on the rise as peak season approaches, Hermes Airports said on Friday. Director ...

Apple once again became the world’s most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial ...

Tech and competition watchdog groups have called on the US Department of Justice to probe YouTube, saying the video-streaming platform could enable Google and its parent company, Alphabet (GOOGL.O), ...

The number of job vacancies in Cyprus rose by 7.3 per cent on an annual basis in the first quarter of the year, with the increase accelerating to 9.9 per cent compared ...

Invest Cyprus, the agency tasked with promoting investments in Cyprus, on Friday announced that it has successfully concluded a three-day programme titled ‘The Marketing and Partnerships Academy’, which was held ...

The East Mediterranean Gas Forum (EMGF), based in Cairo, has announced a recruitment process for two vacant positions, according to an announcement by Cyprus’ Ministry of Energy, Commerce, and Industry. ...

In celebrating Cyprus’ maritime heritage and the bonds forged between education and shipping, the Ship Adoption training programme for the 2023-2024 academic year came to a ceremonious conclusion this week ...

Over the past five years, 275,000 individuals participated in 30,500 training programmes by the Human Resource Development Authority of Cyprus (Anad), with a total expenditure of €102.3 million, according to chairman Demetris Kittenis. ...

Deputy Minister of Tourism Kostas Koumis this week confirmed that there have been no flight cancellations to Cyprus due to the recent fires that ravaged parts of the island, which ...

State-owned asset management company Kedipes on Thursday announced cash inflows of €144 million for the first quarter of 2024, with the company also making a record payment of €140 million to the state, ...

China-based suppliers, which buck traditional manufacturing processes by taking small initial orders and scaling up based on demand. Most of the clothing Shein sells is made in Guangzhou, China, by ...

Apple’s developer conference was about more than infusing its software with the latest artificial intelligence technology, including from ChatGPT. It was also about selling more iPhones. Facing choppy consumer ...

A Czech billionaire who turned a regional energy company into a global business empire after the fall of the Berlin Wall is now betting on selling lottery tickets in places ...