#business

The harmonised index of consumer prices in Cyprus (HICP) witnessed a notable increase of 2.1 per cent in February 2024, in comparison to February 2023, according to a report released on Friday by ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday announced its active participation in the annual Global Money Week (GMW2024), a pivotal global campaign dedicated to promoting financial literacy, with ...

Oil prices edged lower on Friday but were on track to gain over 3 per cent for the week, boosted by the International Energy Agency raising its 2024 oil demand forecasts and ...

Real estate platform INDEX on Friday released a report designating Larnaca as Cyprus’ key destination for investors and homebuyers seeking profitable ventures in the real estate market, citing a recently ...

The Bank of England will probably keep investors guessing next week about when it is likely to start cutting interest rates as it waits for clearer signs that inflation pressures ...

The acting head of Europe’s aviation regulator has warned the agency would suspend its indirect approval of Boeing’s (BA.N) jet production if warranted, but told Reuters he ...

The Central Bank of Cyprus (CBC) on Friday announced its coordination of the annual global awareness campaign, Global Money Week, scheduled to take place from March 18 to 24, 2024. This initiative, organised ...

The 16th evaluation of Cyprus’ post-memorandum economic situation is set to commence next Tuesday and conclude on Friday, as confirmed by the island’s lenders. The evaluation will encompass an ...

DP World Limassol recently stated that it is making significant strides in championing gender equality and women’s representation in leadership roles in the maritime industry. The company noted that ...

The Producer Price Index for Industry in Cyprus recorded a decrease of 2.9 per cent in January 2024, mainly due to a decrease in the electricity supply sector. According to a report ...

The Bank of England will start cutting borrowing costs in the third quarter although 40 per cent of economists saw an earlier trim, according to a Reuters poll which showed it ...

UBS’s (UBSG.S) rescue takeover of Credit Suisse a year ago has created “new risks and challenges” for the Swiss economy, the Organisation for Economic Cooperation and Development said ...

Britain’s Financial Conduct Authority “would not stand in the way” of moves to end Britain’s free banking model if lenders chose to offset rising regulation costs by charging ...

The Bank of Cyprus on Thursday announced that it has acquired a restructured loan portfolio, with a total gross accounting value of €58.4 million, as of December 31, 2022, from state-owned asset management ...

Paphos hoteliers are pessimistic about the volume of guests they will see in the coming weeks, citing low visitor numbers, based on the reservations they have recorded so far. President ...

Cyprus Chamber of Commerce and Industry (Keve) president Stavros Stavrou, along with members of the chamber’s executive committee, on Thursday met with the UN Secretary-General’s recently appointed envoy ...

Zara-owner Inditex’s shares rose to a record high after it reported positive early spring sales, boosted by upmarket fashions and continuing the strong momentum that saw its 2023 revenue growth ...

The Consumer Protection Service (CPS) and the Advertising Control Agency (ACA) this week signed a 5-year memorandum of understanding (Mou), aiming to inform consumers about the commercial pursuit of posts ...

Shuna Group, an international investment company, recently hosted a three-day event in Larnaca, showcasing the opportunities for investing in the city’s real estate sector, with this initiative receiving support ...

The Cyprus Shipping Chamber (Kne) this week held a meeting focused on the regulatory framework governing the EU Emissions Trading System (EU ETS), which came into effect on January 1, 2024. The ...

“In the realm of digital and business transformations, the path to success is fraught with challenges, with a startling reality that 70 per cent of these initiatives fail”, said Andreas Papadopoulos, ...

For yet another year, Cablenet has achieved double-digit revenue growth. Specifically, in 2023, it reached €74.3 million compared to €63.9 million in 2022, translating to a 16.2 per cent increase. This growth is largely attributed ...

Methane emissions from the energy sector remained near a record high in 2023 despite a raft of commitments from the oil and gas industry to plug leaking infrastructure, a report by ...

Eurobank has surpassed initial expectations with its financial results for the year 2023, setting the stage for a robust business plan spanning 2024 to 2026, with the aim of positioning the group as ...