#business

New loans in Cyprus rose in October, mainly due to increased corporate borrowing over €1 million, which experienced the sharpest drop in lending rates, according to the Central Bank of Cyprus (...

The turnover value index for transport and storage in Cyprus grew by 2 per cent in the third quarter of 2024, reaching 145.1 units, according to the Cyprus Statistical Service (Cystat). Annual growth ...

Administrative, support, and real estate services in Cyprus performed well during the third quarter of 2024, according to the latest services turnover value index report.  Specifically, according to the Cyprus Statistical ...

The number of registered unemployed individuals in Cyprus dropped by 12.4 per cent in November 2024, compared to the same month a year earlier, according to the Cyprus Statistical Service (Cystat). Data ...

Invest Cyprus on Wednesday announced that it has concluded a successful mission to Saudi Arabia. The mission, the agency said, will help facilitate future collaborations, supporting the country’s objective ...

Cyprus on Wednesday showcased its advantages as a tax destination during a gathering in London, highlighting benefits for high-net-worth individuals amid UK tax reforms. The event, titled ‘Non-Doms: The Cyprus ...

Cyprus achieved record-breaking tourism results in 2024, according to Deputy Minister of Tourism Costas Koumis. Speaking at the annual general assembly of the Association of Cyprus Travel and Tourism Agents (ACTA), ...

Oil prices firmed on Wednesday as market participants weighed up geopolitical tensions and the prospect of OPEC+ extending supply cuts against weaker demand. Brent crude futures rose 23 cents, or 0.3 per ...

Turkish workers pushing for a solid minimum wage hike to cope with a persistent cost-of-living crisis face a battle in looming wage talks as the government seeks to prove its ...

Cypriot businesses have accelerated their digital transformation efforts in 2024, according a study on the use of information and communication technologies (ICT) and e-commerce. Conducted by the Cyprus Statistical Service (Cystat), ...

British retailers reported lacklustre sales in November, according to industry data on Tuesday affected by the timing of the Black Friday sales, although it still pointed to weakening consumer confidence. ...

Germany’s manufacturing sector remained firmly entrenched in contraction territory in November as firms struggle with weak demand and competitive pressure, highlighting ongoing challenges for Europe’s largest economy, a ...

Playgama, a game tech platform with a presence in Cyprus, announced on Tuesday that it raised $3 million in a funding round led by The Open Platform and s16vc. The ...

Cypriot businesses have accelerated their digital transformation efforts in 2024, according a study on the use of information and communication technologies (ICT) and e-commerce. Conducted by the Cyprus Statistical Service (Cystat), ...

GDEV Inc., a global gaming company based in Limassol, reported a 5 per cent quarter-on-quarter revenue increase for Q3 2024, reaching $111 million. However, revenue was down 9 per cent compared to the same ...

The European Commission is considering extending state-owned Cyprus asset management company Kedipes’ business plan until 2030, as outlined in the EU’s 17th Post-Programme Surveillance Report. The extension reflects recent performance ...

The global payments landscape is poised for transformative growth in 2025, driven by a surge in digital wallets and open banking adoption, according to a survey by payabl., a European financial ...

Anymaster founder Diana Verkhoturova recently gave an interview to Forbes magazine, detailing the Cypriot start-up’s ambitious plans to establish a strong presence in Greece. Founded in 2023 in Limassol, Anymaster ...

The Cyprus Real Estate Agents Registration Council has voiced strong opposition to a proposed amendment to the Lawyers’ Law of 2024. If passed, the amendment would grant lawyers exclusive authority to ...

By Jean Burgess After Elon Musk bought Twitter (now rebranded X) in 2022, disaffected users began to seek alternatives. Alongside Meta’s Threads and the open source project Mastodon, Bluesky was ...

The unemployment rate in Cyprus decreased to 4.5 per cent of the workforce in the third quarter of 2024, according to a report published on Monday by the state’s statistical service. ...

British house prices rose at their fastest annual pace in two years in November, adding to signs of resilience in the property market despite high borrowing costs, data from mortgage ...

Eurozone manufacturing activity fell sharply last month and a further decline in demand likely dashed any hopes for an imminent recovery after the sector had showed some signs of stabilisation ...

Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices ...