#business

Volvo Cars sold 70,737 cars in March, down 10 per cent from a year earlier as sales of fully electric cars tumbled, the Sweden-based company said on Wednesday, sending its shares down. ...

Cyprus’ cruise season began on Wednesday with the arrival of Marella Discovery II at the port of Limassol, according to an announcement by operator DP World Limassol. This marks the ...

The labour ministry’s inspection department announced on Wednesday that it will carry out a targeted inspection campaign targeting hotels, restaurants, and ready-to-eat food outlets in April and September 2025. According ...

Nintendo (7974.T) is set to reveal details of its Switch 2 this week with investors looking for the pricing and launch date of the successor to the home-portable Switch gaming device. ...

The percentage of non-performing loans (NPLs) in Cyprus decreased to 6.2 per cent by the end of December 2024, down from 6.5 per cent at the end of September. This is according to ...

The retail trade sector in Cyprus exhibited strong growth in February 2025, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). Specifically, the turnover value index rose ...

Ryanair (RYA.I) flew 200.2 million passengers in its fiscal year to the end of March, largely as forecast, making it the first European airline to carry 200 million passengers in one ...

The number of building permits issued in Cyprus during November 2024 fell by 28.1 per cent compared to the same month in 2023, according to a report released on Wednesday by the state ...

The Bank of Cyprus on Wednesday provided an update on its total voting rights, share capital, and the progress of its share buyback programme. Specifically, the bank reported that 28 per ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a warning to investors regarding multiple online platforms that are operating without the necessary authorisation to provide investment services or perform ...

The European Commission has launched a new EU Sanctions Helpdesk aimed at assisting small and medium-sized enterprises (SMEs) in navigating the complex landscape of sanctions compliance. According to the commission, ...

Inflation in Cyprus eased to 2.1 per cent in March, down from 2.3 per cent in February, according to the latest flash estimate from Eurostat. However, this marks a slight increase from ...

Tesla’s sales in key European markets fell again in March, data showed this week, adding to signs that drivers are shunning Elon Musk’s electric car brand as competition ...

Cyprus enters 2025 with optimism for its tourism sector, which is expected to match or surpass that of 2024, itself a record-breaking year, deputy minister Kostas Koumis said on Tuesday. Last year, ...

British grocery price inflation edged higher in March, industry data showed on Tuesday, putting more pressure on consumers’ budgets at a time when they are facing several other cost increases. ...

Gold prices extended their record run on Tuesday, hitting a record high buoyed by safe-haven demand as investors braced for US President Donald Trump’s planned announcement on reciprocal tariffs. ...

Goldman Sachs forecast the US Federal Reserve to deliver three quarter point interest rate cuts this year and expects heightened recession risks amid tariff uncertainty, ahead of clarity on President ...

Bank of England interest rate setter Megan Greene said on Tuesday that she was concerned by increases in the public’s expectations for future inflation, but added that they remained ...

The premium investors enjoy from holding US government debt over that of Germany is set for its biggest quarterly drop in years, with tectonic fiscal policy shifts on both sides ...

Global passenger demand in February 2025 showed modest but important changes, according to recent data from the International Air Transport Association (IATA). Total demand, measured in revenue passenger kilometres (RPK), increased ...

As the Mediterranean’s rising star, Cyprus continues to attract investors looking for high-yield property opportunities.   With a booming economy, a favourable tax regime, and a strategic location bridging Europe, ...

The Cyprus Composite Leading Economic Index (CCLEI), compiled by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-on-year increase of 2.9 per cent in February 2025. This follows ...

Cyprus’ Producer Price Index (PPI) in industry for February 2025 fell by 0.5 per cent year-on-year in February, according a report released this week by the state statistical service. Specifically, the index ...

The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical capital buffer (CCyB) at 1.5 per cent, with the measure set to take effect from January 14, 2026. In an official ...