#business

Finance Minister Makis Keravnos has ruled out the prospect of raising the tax-free income threshold beyond €20,500, signalling a firm stance as the government moves ahead with its new tax reform. ...

Cyprus MPs are set to vote today on a proposal to exempt casinos from a nationwide cash transaction limit of €10,000, passed by Parliament last December. The exemption would apply until ...

AstroBank Public Company Limited on Thursday announced the appointment of Charis Kynigou as an executive bember of its board of directors, effective from March 31, 2025. The bank noted that the appointment ...

The dollar slid broadly on Thursday and the euro firmed after President Donald Trump announced harsher-than-expected tariffs against US trading partners, jolting the markets as investors sought safe havens such ...

Oil prices fell by as much as 3 per cent on Thursday after US President Donald Trump announced sweeping new tariffs that investors worry will enflame a global trade war that ...

The Paphos regional tourism board (Etap) announced on Thursday that it is boosting its promotional efforts in Poland as part of its 2025 action plan. According to the announcement, the board ...

Turkish inflation is expected to end the year a bit higher than previously expected, a Reuters poll showed on Wednesday, reflecting fallout from a currency selloff after authorities detained and ...

The volume of new loans in Cyprus fell by 22.8 per cent in February 2025, reaching €246.1 million, compared to €318.7 million in January. According to a report released this week by the Central ...

Inflation in Cyprus eased to 2.1 per cent in March, down from 2.3 per cent in February, according to the latest flash estimate from Eurostat. However, this marks a slight increase from ...

Israel’s economy looks to rebound over the next two years should geopolitical tensions ease, although the country needs a host of structural reforms to support government finances and sustain ...

Turkey’s manufacturing sector contracted further in March, with output and new orders continuing to ease amid difficult market conditions both domestically and internationally, a survey showed on Wednesday. The ...

Volvo Cars sold 70,737 cars in March, down 10 per cent from a year earlier as sales of fully electric cars tumbled, the Sweden-based company said on Wednesday, sending its shares down. ...

Cyprus’ cruise season began on Wednesday with the arrival of Marella Discovery II at the port of Limassol, according to an announcement by operator DP World Limassol. This marks the ...

The labour ministry’s inspection department announced on Wednesday that it will carry out a targeted inspection campaign targeting hotels, restaurants, and ready-to-eat food outlets in April and September 2025. According ...

Nintendo (7974.T) is set to reveal details of its Switch 2 this week with investors looking for the pricing and launch date of the successor to the home-portable Switch gaming device. ...

The percentage of non-performing loans (NPLs) in Cyprus decreased to 6.2 per cent by the end of December 2024, down from 6.5 per cent at the end of September. This is according to ...

The retail trade sector in Cyprus exhibited strong growth in February 2025, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). Specifically, the turnover value index rose ...

Ryanair (RYA.I) flew 200.2 million passengers in its fiscal year to the end of March, largely as forecast, making it the first European airline to carry 200 million passengers in one ...

The number of building permits issued in Cyprus during November 2024 fell by 28.1 per cent compared to the same month in 2023, according to a report released on Wednesday by the state ...

The Bank of Cyprus on Wednesday provided an update on its total voting rights, share capital, and the progress of its share buyback programme. Specifically, the bank reported that 28 per ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a warning to investors regarding multiple online platforms that are operating without the necessary authorisation to provide investment services or perform ...

The European Commission has launched a new EU Sanctions Helpdesk aimed at assisting small and medium-sized enterprises (SMEs) in navigating the complex landscape of sanctions compliance. According to the commission, ...

Inflation in Cyprus eased to 2.1 per cent in March, down from 2.3 per cent in February, according to the latest flash estimate from Eurostat. However, this marks a slight increase from ...

Tesla’s sales in key European markets fell again in March, data showed this week, adding to signs that drivers are shunning Elon Musk’s electric car brand as competition ...