#business

The proposed offer of €1.55 per share from Logicom to the shareholders of Demetra Holdings is neither fair nor reasonable, according to the report of an independent expert. As a result, ...

Major banks in Cyprus and Greece significantly expanded their bond portfolios over the past year, increasing their holdings in both domestic and European bond markets. According to a report from ...

The independent expert commissioned to evaluate Eurobank’s public offer for the remaining shares of Hellenic Bank has deemed the proposed exchange of €4.843 per share as fair and reasonable. This ...

Sales of oil products at service stations in Cyprus saw a 2.5 per cent increase in February, reaching 57,326 tonnes, compared to 55,909 tonnes in February 2024, according to a report from the statistical ...

The Bank of Cyprus on Thursday announced its final financial results for 2024, confirming profits of €508 million, as previously indicated in its preliminary results. In its announcement, the bank underlined its ...

The Cyprus Research and Innovation Foundation (RIF) hosted its Cyprus Research Awards 2024 this week in a ceremony honouring the nation’s distinguished scientists. The event took place on Wednesday afternoon ...

A delegation from the International Monetary Fund (IMF), led by Alex Pienkowski, will present its key findings from a recent visit to Cyprus at a press conference in Nicosia on ...

Deputy Tourism Minister Kostas Koumis used his participation in a professional symposium to highlight Larnaca’s appeal as a tourist destination. The minister outlined Larnaca’s recent progress in terms ...

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 Cyprus Bar Association has expressed strong concerns over the proposed tax reform put forward by the University of Cyprus’ Economics Research Centre (CypERC). The association has argued that it ...

Tesla will start sales in Saudi Arabia next month, the electric carmaker said on its website, signalling CEO Elon Musk and the kingdom have healed a rift that dates back ...

US videogame retailer GameStop (GME.N) said this week it would include bitcoin as a treasury reserve asset to diversify its corporate holdings, betting on the world’s biggest cryptocurrency ...

British inflation slowed more than expected in February, bringing some relief to consumers ahead of a likely new pick-up in price growth and to finance minister Rachel Reeves before her ...

Chevron (CVX.N) has expressed an interest in hydrocarbon exploration off the island of Crete in the Mediterranean Sea, the second such expression for Greek energy by the US oil ...

The migration department on Wednesday announced the start of applications for residence permits under the Cyprus Digital Nomad Visa scheme. According to the announcement, the scheme “aims to attract nationals ...

Credit rating agency Morningstar DBRS on Wednesday revised its economic growth and unemployment projections for Cyprus, reflecting a more optimistic outlook for the country’s economy. In its report, the ...

Consulting and advisory firm PwC Cyprus on Wednesday released a statement detailing the various initiatives implemented by its foundation to “strengthen financial literacy and foster an entrepreneurial mindset among young ...

The Ministry of Energy, Commerce and Industry, in collaboration with the Cyprus Trade Centre in Berlin, participated in the PROWEIN 2025 international wine and spirits exhibition for the fourth consecutive year. ...

Cypriot businesses have significantly progressed with the integration of digital technologies into how they operate, according to the Cyprus Statistical Service (Cystat). This was evident in Cystat’s latest report ...

The Cyprus Bar Association has expressed strong concerns over the proposed tax reform put forward by the University of Cyprus’ Economics Research Centre (CypERC). The association has argued that it ...

Recent economic projections from Federal Reserve officials had shades of “Stagflation-lite,” in the words of one economist, a sentiment increasingly echoed among other observers of the US economy and central ...

Britain’s Financial Conduct Authority will reassess its attitude towards financial firms’ risk-taking in order to spur growth, the watchdog said on Tuesday, as it set out its next five-year ...

Russia’s central bank has warned the Kremlin’s policy makers the United States and OPEC have the capacity to flood the oil market and cause a repeat of the ...

Klarna’s upcoming US initial public offering could help unlock a pipeline of British fintech flotations after a barren period for new technology listings, investors, lawyers and an executive told ...