#business

PwC Cyprus celebrated the achievements of its top-performing trainee accountants in the recent ACCA exams at a ceremony on October 23, 2024, at the PwC Experience Centre.  Attended by CEO Philippos Soseilos ...

Ford Motor (F.N) shares fell 6.6 per cent premarket on Tuesday after the automaker tempered its full-year profit forecast, blaming supplier disruptions and warranty costs amid a global price war ...

Total sales of oil products in Cyprus reached 130,124 tonnes in September 2024, marking a marginal decrease of 0.4 per cent compared to September 2023, according to a report from the Cyprus Statistical Service (...

Cyprus’ refinancing needs will remain within manageable levels for the coming years, well below the ten per cent of GDP threshold. Projections estimate requirements at around three per cent of ...

Royal Caribbean (RCL.N) boosted its annual profit forecast on Tuesday for the fourth time this year, driven by high demand for private destinations and cooler cruise travel spots, as ...

This past summer, leads for Brian Brown’s landscaping business near Lake Tahoe were drying up. “We’d put together bids, call clients, and they were like, ‘well, we’re ...

Abu Dhabi-based investment vehicle CYVN Holdings has entered a non-binding agreement to buy 100 per cent of carmaker McLaren’s automotive business from Mumtalakat, the sovereign wealth fund of Bahrain, the ...

Cyprus recorded a negative annual net financial position of -€29.12 billion in 2023, according to a report released on Tuesday by the state’s statistical service. As of December 31, 2023, the total ...

McDonald’s (MCD.N) posted a steeper-than-expected drop in quarterly global sales, hurt by muted demand across key markets, including Europe and the United States where it is expected to ...

The Ministry of Energy, Commerce, and Industry on Tuesday approved changes to the “conserve and upgrade for businesses and other entities” grant scheme. The scheme aims to provide support for ...

Limassol led Cyprus’ high-value real estate market in September, driving €29.8 million in top property sales, according to real estate analytics firm Ask Wire. The district accounted for six of the ...

The Deputy Ministry of Tourism is set to launch a series of initiatives in 2025 to support, promote, and enhance Cyprus as a tourist destination, according to the budget it submitted ...

By Alexandros Clappas Sustainable finance has recently emerged as a key area of interest for modern investors and market participants. The term sustainable finance more broadly encompasses environmental, social, and ...

Cyprus Deputy Shipping Minister Marina Hadjimanolis is in Egypt to strengthen maritime cooperation between the two countries. Invited by Egypt’s Minister of Transport, the Cypriot minister will engage in ...

With the EU’s FuelEU Maritime regulation set to take effect in January 2025, Cyprus and Europe’s shipping sector face stringent emissions oversight, aiming to push the industry toward net ...

Cyprus’ refinancing needs will remain within manageable levels for the coming years, well below the ten per cent of GDP threshold. Projections estimate requirements at around three per cent of ...

There is no urgency for the European Central Bank to cut interest rates quicker and it could even live with a small, temporary undershoot of its inflation target, Belgian central ...

Abu Dhabi is emerging from Dubai’s shadow as it attracts its own share of asset managers’ and billionaires wealth, helping cement United Arab Emirates’ role as an alternative to ...

British business confidence sank to a four-month low in October ahead of the first budget plan from the country’s new government, a survey showed on Monday, echoing other signs ...

The Bank of England is reluctantly pressing on with work to create a form of digital money accessible to the general public, as commercial banks risk failing to keep up ...

Tesla (TSLA.O) CEO Elon Musk stunned investors and analysts with plans to grow vehicle sales by 30 per cent next year, buoyed by a new, cheaper model and enthusiasm for ...

Financial support and advisory services are essential for Cyprus’ small and medium-sized enterprises (SMEs) to enhance resource efficiency, according to a Eurobarometer survey. The survey, published by the European Commission, ...

Cyprus has made significant progress in attracting established tech companies to relocate their headquarters to the island, but there’s a critical aspect that needs improvement – the nurturing of early-stage ...

Cyprus recorded a 9.83 per cent enterprise birth rate and a 5.8 per cent business closure rate, positioning it moderately among EU countries for business growth and stability, according to a Eurostat ...