#business

The Cyprus government recorded a fiscal surplus of €918.7 million in 2023, constituting 3.1 per cent of the Gross Domestic Product (GDP), with government debt reaching €23.03 billion, accounting for 77.3 per cent of GDP, ...

Travel Expo Cyprus 2024, organised by the Association of Cyprus Travel and Tourism Agents (ACTA), kicked off during the weekend, April 19 to 21, with a wave of optimism for the new tourist ...

The Cyprus Employers and Industrialists Federation (Oev) has highlighted some of the key labour issues it addressed during 2023, ahead of its annual general assembly scheduled for Tuesday, April 23, an event ...

Former Cyprus Airways CEO Paul Sies has joined travel-tech company Journey Mentor as president and chief executive officer, according to an announcement released on Monday. Journey Mentor, which is based ...

Cyprus’ Composite Leading Economic Index (CCLEI) fell by 0.9 per cent in March 2024, when compared to the same month from the previous year, according to a report released on Monday by ...

Oil prices fell by more than 1 per cent on Monday, as the market focus switched to fundamentals after Israel and Iran played down the risk of an escalation of hostilities ...

Investors should get a clearer picture this week of whether higher interest rates are still boosting European bank profits or if a year-long share price rally will run out of ...

By Saeed Azhar and Matt Tracy US regional banks are expected to set aside more money to cover potential commercial real estate (CRE) losses and sell more property loans as ...

Waste from the production of aluminium, nickel and other industrial materials offers the EU an opportunity to advance its recycling goals. By Michael Allen In the western Irish city of ...

Taiwan’s Foxconn (2317.TW) has this month started a rotating chief executive system in an overhaul of its management designed to nurture successors of the world’s largest contract electronics ...

SiTime (SITM.O) has introduced a chip that it says is designed to help data centres built for artificial intelligence applications run more efficiently. SiTime makes what are known as ...

The Telegram messaging app, one of the most popular social media platforms, will likely cross one billion active monthly users within a year as it is spreading like “forest fire”, ...

Leaders of the UK’s financial technology industry are urging the British government to increase tax relief and help them raise more investment, as some executives warn a shortage of ...

Take-Two Interactive Software (TTWO.O) will lay off about 5 per cent of its workforce, or around 600 employees, the publisher of the “Grand Theft Auto” franchise said this week, as the ...

Advanced Micro Devices (AMD.O) unveiled a new series of semiconductors for artificial intelligence-enabled business laptops and desktops on Tuesday as the chip designer looks to expand its share of ...

Hellenic Bank and bank workers’ union (Etyk) clinched a deal over collective agreements on Friday, after a government-supported mediation process. Labour Minister Yiannis Panayiotou heralded the development “after a long ...

By Maria Demertzis For the next five years, economic security will undoubtedly be one of the top priorities for the leadership of the European Commission. To ensure its economic security, ...

The European Central Bank has made it “crystal clear” that interest rates could be cut in June but has also been firm that policy decisions beyond that remain up in ...

Global financial companies are falling behind on the monitoring and archiving of all business-related communications using personal messaging apps, a survey released this week showed, potentially running the risk of ...

Netflix shares fell on Friday, as its surprise move to stop sharing subscriber additions and average revenue per member from 2025 sowed doubts in investor minds about growth peaking in some ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday announced a decision to impose fines amounting to €360,000 on the Cyprus Investment Firm (CIF) MCA Intelifunds. “The Board of CySEC reached ...

The Commonwealth and the Republic of Cyprus have taken a significant step forward by signing a three-year Memorandum of Understanding (MoU) for the establishment of a Commonwealth Blue Charter Centre ...

Deputy Minister of Research Nicodemos Damianou on Friday stated that the public can expect to see concrete progress in the digital transition within the year, referring to specific timelines for ...

The Cyprus Chamber of Commerce & Industry (Keve), in collaboration with the Ministry of Energy, Commerce, and Industry, has announced a call for proposals for the EENergy project, offering grants ...