#business

Inflation in Cyprus dropped to a three-year low of 0.6 per cent in October, mainly due to falling petroleum prices, according to a report from the Cyprus Statistical Service (Cystat). Still, ...

Eurobank’s third-quarter results mark a significant milestone as the bank fully integrates Cyprus’ Hellenic Bank for the first time since acquiring a majority stake, said Eurobank CEO Fokion Karavias. “...

Alpha Bank (ACBr.AT), Greece’s fourth-largest lender by market value, reported higher net earnings in the January-September period compared to the same period in 2023, on lower provisions and strong ...

Passenger traffic at Cyprus’ Larnaca and Paphos airports increased by 7.14 per cent in October 2024 compared to October 2023, according to the Transport Ministry. The ministry said this resulted in record traffic ...

Eurozone firms expect their turnover to keep rising this quarter but their margins remain under pressure with wage growth outpacing selling price increases, the European Central Bank said in a ...

Hellenic Bank and the union representing its employees, Etyk, have finalised a new collective agreement, based on the preliminary accord reached in April 2023 with the mediation of the Labour Minister. ...

German software developer TeamViewer (TMV.DE) raised its outlook for adjusted core profit margin for the full year after better-than-expected profitability in the third quarter following a reduced sponsorship deal ...

The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after ...

Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis on Thursday. Tannousis addressed an international audience at the 10th ...

Hellenic Bank and the union representing its employees, Etyk, have finalised a new collective agreement, based on the preliminary accord reached in April 2023 with the mediation of the Labour Minister. ...

Greek retail chain Jumbo Group reported robust sales growth for the first ten months of 2024 at its recent shareholder briefing. This was driven by strong demand in key markets and ...

Association of Cyprus Banks head Michalis Kammas met with six organisations representing elderly people this week, according to an official announcement. The meeting allowed them to discuss the challenges elderly ...

Oil prices ticked up on Thursday following a sell-off triggered by the US presidential election, as risks to oil supply from a Trump presidency and a hurricane building in the ...

Hellenic Bank has announced its intention to repurchase existing Convertible Capital Securities 1 and 2 (CCS 1, CCS 2) valued at nearly €130 million. The buyback, expected to save the bank approximately €13 million in annual ...

The Cyprus government recorded a reduced deficit of €39 million in the second quarter of 2024, marking a sharp improvement from the €260.8 million deficit reported for the same period last year. This ...

Cyprus saw a significant rise in beer deliveries from local factories in October, both in the domestic market and especially in exports. According to a report from the Cyprus Statistical ...

Hellenic Bank on Wednesday reported a profit after tax of €284 million for the first nine months of 2024, marking a 28 per cent increase from the same period last year. “During the ...

Sklavenitis Cyprus has finalised its acquisition of Papantoniou Supermarkets, following approval from the Commission for the Protection of Competition. The deal solidifies Sklavenitis’ position as a major supermarket chain on ...

The average gross monthly salary for employees in Cyprus reached €2,363 in 2023, reflecting a 7.3 per cent increase from 2022, according to the Cyprus Statistical Service. This follows a 7.1 per cent increase in 2022, ...

The Central Bank of Cyprus (CBC) hosted a special session on Wednesday with various local business associations, according to an official announcement. The session focused on the digital euro’s ...

Passenger traffic at Cyprus’ Larnaca and Paphos airports rose by 7.14 per cent in October 2024 compared to the same month in 2023, according to the Transport Ministry. This increase supports projections that 2024 ...

Apartments remained the driving force behind Cyprus’ real estate market during the third quarter, despite overall signs of stabilisation, according to the RICS Cyprus property price index. The index, created ...

Hellenic Bank on Wednesday reported a profit after tax of €284 million for the first nine months of 2024, marking a 28 per cent increase from the same period last year. “During the ...

Cyprus is participating in the World Travel Market (WTM) conference in London this week, joined by nearly 55 co-exhibitors at the ExCel exhibition centre. According to an announcement by the Deputy ...