#business

Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al Ghais said at the ...

Cyprus is positioning itself to become a high-quality, year-round tourist destination that balances sustainability, environmental friendliness, and economic growth, according to the president of the Association of Cyprus Tourist Enterprises (...

Cypriot tourism has recovered from the challenges of the previous three years, including the pandemic and the loss of the Russian market, according to president Nikos Christodoulides. Speaking during the ...

Cyprus is not immediately affected by the tariffs imposed by US president Donald Trump, but the risk of inflationary pressures on the country remains, Finance Minister Makis Keravnos said on ...

Limassol continued to lead Cyprus’ high-value real estate market in 2024, accounting for eight of the ten most expensive property transactions, with a total value of €176.8 million, according to real estate ...

Greek retail chain Jumbo Group has reported a 3 per cent increase in January sales for its stores in Cyprus, according to recent data shared by the company. This growth comes ...

Eurobank announced on Tuesday that it has completed the acquisition of an additional 37.5 per cent stake in Hellenic Bank, bringing its total shareholding to 93.47 per cent. The bank has also ...

European Commission President Ursula von der Leyen on Tuesday vowed “firm and proportionate countermeasures” in response to US President Donald Trump’s decision to impose tariffs on all steel and ...

The society for the promotion of cooperative banks in Cyprus has expressed its support for the efforts of Finance Minister Makis Keravnos to spark growth in the sector. This is ...

Freedom Holding Corp. (FRHC), the parent company of Freedom24, on Tuesday reported strong third quarter results for the 2025 fiscal year, as well as a record market capitalisation of $9 billion. “These ...

S&P Global Ratings has upgraded the long-term issuer credit rating of Bank of Cyprus Public Co. Ltd. (BoC) to ‘BBB-’ from ‘BB+’, reflecting improvements in the Cypriot banking ...

Central banks safeguard financial stability and inflation while also driving Europe’s innovation, according to Costas Papadopoulos, executive director at Cypriot fintech Moneygate. He explained that “by ensuring a stable ...

The Cyprus Institute of Certified Management Consultants (CICMC) and the University of Limassol (UoL) this week announced that they have formalised their collaboration by signing a Memorandum of Understanding (MoU). ...

Logicom Public Limited has announced the completion of the sale of 13,729,704 shares, representing a 3.326 per cent stake in Hellenic Bank, held by its subsidiary Logicom Services, to Eurobank S.A. ...

The Central Bank of Cyprus (CBC) has issued a warning regarding the risks associated with investing in crypto-assets, stressing the need to safeguard financial stability and protect consumers. In a ...

Vehicle registrations in Cyprus fell by 3.9 per cent in January 2025, reaching 4,077 compared to 4,243 in the same month last year, according to a report from the statistical service. Passenger saloon car ...

Cyprus’ trade deficit for 2024 stood at €8.13 billion, improving from €8.47 billion in 2023, according to provisional data from the statistical service. This came despite a sharp increase in total imports of goods ...

British house prices rose by more than expected last month as some buyers rushed to complete sales before an increase in property purchase taxes at the start of April, according ...

Activity among British construction firms shrank sharply in January, marking the first contraction in almost a year, according to a survey, that also showed cost pressures escalating. The S&...

Maersk announced that it expects to grow its business to track an expected 4 per cent growth in global container shipping this year, even as profits are set to decline and ...

Corporate treasurers are ramping up efforts to guard company earnings against more dollar strength, a move that some analysts said points to increased conviction that President Donald Trump’s tariff ...

S&P Global Ratings has upgraded the long-term issuer credit rating of Bank of Cyprus Public Co. Ltd. (BoC) to ‘BBB-’ from ‘BB+’, reflecting improvements in the Cypriot banking ...

Europe’s battery storage capacity is expected to grow around five-fold by 2030, bringing with it increasing returns for energy majors, project developers and traders, as the cost of new projects ...

Cypriot banks have lowered their key interest rates, with expectations of further reductions throughout 2025, in response to decisions made by the European Central Bank (ECB), according to a report from ...