#business

Finance Minister Makis Keravnos welcomed the release of the International Monetary Fund’s (IMF) Fiscal Monitor, which expects that Cyprus’ public debt ratio will decline to the Maastricht Treaty limit (60 ...

The price index of construction materials in Cyprus reached 117.19 units in March, with 2021 serving as the base year with a default value of 100 units, marking a slight increase of 0.21 per ...

Developments in the Middle East are indeed worrying, however, for the time being, they do not appear to have had any significant impact on tourist arrivals in Cyprus, with the ...

The Finance Ministry, in collaboration with SIX, a financial market infrastructure company, and the Cyprus Stock Exchange (CSE), on Thursday announced the successful activation, referred to as going live, of ...

A decade ago, Greece was in the throes of a devastating debt crisis marked by years of austerity, hardship and unrest. Now, officials and investors say 2024 could be the year ...

Ryanair expects Boeing to deliver 40 new jets by mid-July, Chief Executive Michael O’Leary said on Wednesday, broadly in line with a revised schedule it has previously announced. Speaking at ...

President of the association of Hotel Professionals of Cyprus (Pasydixe) Christos Angelides has called for more agility in the local tourism sector, saying that any long-term strategy remains vulnerable to ...

Oil prices are up around 16 per cent so far this year near $90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy infrastructure between ...

British house prices fell by the least in eight months in February when they edged down by 0.2 per cent on an annual basis after a revised 1.3 per cent decrease in ...

In the ever-evolving landscape of the tech industry, prioritising employee well-being has emerged as a strategic imperative. To address this pressing need, a local series of the Women in Tech ...

The Mediterranean Shipping Company (MSC), a global shipping giant with offices in Limassol, on Wednesday issued an update regarding the seizure of the MSC Aries in the Strait of Hormuz ...

The annual inflation rate of the Harmonised Consumer Price Index in Cyprus dropped to 1.6 per cent in March, mainly driven downward by a decrease in energy prices, according to a ...

Cyprus tourism experienced growth during the first quarter of 2024, marking a recovery after a previous period of decline, according to the Cyprus Statistical Service (Cystat), which released the relevant report ...

President of the association of Hotel Professionals of Cyprus (Pasydixe) Christos Angelides has called for more agility in the local tourism sector, saying that any long-term strategy remains vulnerable to ...

Britain’s labour market lost a bit more of its inflationary heat, data showed this week, offering some relief to the Bank of England, but stubborn underlying problems continued with ...

The University of Cyprus and Boltzmann Research, a team of scientists seeking to tackle the challenge of predicting financial markets, have signed a Memorandum of Understanding (MoU), according to a ...

Agrotourism in Cyprus is on the rise, according to statements made by Deputy Minister of Tourism Kostas Koumis at the 18th Annual General Assembly of the Cyprus Agrotourism Society held ...

Morgan Stanley’s first-quarter profit beat estimates on Tuesday, fueled by a resurgence in investment banking and growth in wealth management, sending shares up 3.7 per cent. Investment banking revenue climbed 16 ...

AstroBank on Tuesday released its financial results for the year ending December 31, 2023, reporting a profit after tax of €30.4 million, while also marking a Return on Equity (RoE) of 13.9 per cent, ...

Venture capital investment in UK companies fell in the first three months of 2024, in the worst quarter for UK fundraising since the early months of the COVID pandemic, a report ...

Boeing said this week that it has not found fatigue cracks on in-service 787 jets that have gone through heavy maintenance, as the planemaker defended the twin-aisle aircraft program ahead of ...

The Cyprus Shipping Chamber (CSC) this week joined forces with other international and regional maritime organisations in demanding the immediate release of 25 innocent seafarers. The crew, aboard the Portuguese-flagged container ...

Deputy Minister of Tourism Kostas Koumis and Ambassador Khaled Yusuf Ahmed Al Jalahma from the Kingdom of Bahrain, who is based in Tel Aviv, held a meeting on Tuesday in ...

Chief Scientist Demetris Skourides recently concluded a series of meetings in Tokyo, seeking to bolster cooperation between Cyprus and Japan in the fields of research and innovation. According to an ...