#business

Cyprus enters 2025 with optimism for its tourism sector, which is expected to match or surpass that of 2024, itself a record-breaking year, deputy minister Kostas Koumis said on Tuesday. Last year, ...

British grocery price inflation edged higher in March, industry data showed on Tuesday, putting more pressure on consumers’ budgets at a time when they are facing several other cost increases. ...

Gold prices extended their record run on Tuesday, hitting a record high buoyed by safe-haven demand as investors braced for US President Donald Trump’s planned announcement on reciprocal tariffs. ...

Goldman Sachs forecast the US Federal Reserve to deliver three quarter point interest rate cuts this year and expects heightened recession risks amid tariff uncertainty, ahead of clarity on President ...

Bank of England interest rate setter Megan Greene said on Tuesday that she was concerned by increases in the public’s expectations for future inflation, but added that they remained ...

The premium investors enjoy from holding US government debt over that of Germany is set for its biggest quarterly drop in years, with tectonic fiscal policy shifts on both sides ...

Global passenger demand in February 2025 showed modest but important changes, according to recent data from the International Air Transport Association (IATA). Total demand, measured in revenue passenger kilometres (RPK), increased ...

As the Mediterranean’s rising star, Cyprus continues to attract investors looking for high-yield property opportunities.   With a booming economy, a favourable tax regime, and a strategic location bridging Europe, ...

The Cyprus Composite Leading Economic Index (CCLEI), compiled by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-on-year increase of 2.9 per cent in February 2025. This follows ...

Cyprus’ Producer Price Index (PPI) in industry for February 2025 fell by 0.5 per cent year-on-year in February, according a report released this week by the state statistical service. Specifically, the index ...

The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical capital buffer (CCyB) at 1.5 per cent, with the measure set to take effect from January 14, 2026. In an official ...

The Industrial Production Index in Cyprus recorded a significant increase of 4.3 per cent in January 2025 compared to the same month in 2024, according to the state statistical service. This increase pushed ...

The European Commission has identified 47 strategic projects which it hopes will kick-start the region’s critical minerals sector and reduce its dependence on imports. But even as European policy-makers work ...

The year is still young, but Asia has already built up a considerable lead over several European countries and the United States in terms of energy transition progress so far ...

British business confidence held steady this month, matching February’s six-month high and adding to tentative signs of an uptick in the economy in early 2025, a survey showed this week. ...

SOFTSWISS, a leading international technology company specialising in iGaming software development, is set to participate in this year’s Reflect Festival as a Bronze Sponsor. The festival, scheduled to take ...

UK job vacancies saw the fastest month-on-month growth in three years in February, according to data published on Monday that contrasted with a largely gloomy outlook for the economy. Job ...

Cyprus’ hourly labour costs saw a modest increase yet remain below the European average, according to the latest Eurostat data. The average hourly labour cost in Cyprus in 2024 rose to €21, ...

Pharmaceuticals, alongside halloumi cheese, remained key drivers of Cyprus’ exports in 2024, despite a slight downturn, according to the Cyprus Statistical Service (Cystat). Specifically, pharmaceuticals accounted for 14.4 per cent of the ...

Cyprus’ major trade unions, including public servants’ union Pasydy and the trade union Sek, have firmly opposed some of the International Monetary Fund’s (IMF) latest recommendations, following its Article ...

The Cypriot residential real estate market experienced a strong year in 2024, with new home sales exceeding €2 billion, according to a report released on Monday by Landbank Real Estate Analytics. The ...

Oil prices slipped on Monday, heading for a modest quarterly loss, despite a warning from US President Donald Trump that he may impose secondary tariffs on buyers of Russian oil ...

The Crystal Springs Beach Hotel in Protaras is set to undergo an expansion, with Derova Ltd announcing a €13.5 million development project to improve the facility and increase its capacity. This ...

European companies that are spending big on generative artificial intelligence need to start showing returns on their massive outlays by next year, or risk investors losing patience after they paid ...