#business

Studio 42, a Cyprus-based mobile game development studio founded by veterans of the global casual games industry, has announced that it has secured $3.6 million in seed funding. According to an announcement ...

Major foreign business chambers in Romania, including the US, UK and Germany, have voiced concern about what they described as a rapid deterioration of the investment climate and the credibility ...

Consulting and advisory firm PwC Cyprus has teamed up with CIM-Cyprus Business School to launch a joint work-study programme, according to an announcement released on Thursday. The programme aims to ...

Cyprus’ economic growth accelerated to 3 per cent in the first quarter of 2025, outperforming both the eurozone and EU averages, according to a preliminary estimate by the state statistical service. In ...

The only way for the tourism sector to continue its upward trajectory and its significant contribution to the Cypriot economy is through collective effort, according to Deputy Minister of Tourism ...

Cyprus has once again been recognised as the fastest-growing startup ecosystem in the European Union, following the release of the 2025 StartupBlink Global Startup Ecosystem Index. According to a report published ...

Cruise company Celestyal has further reinforced its collaboration with Qatar Tourism, Visit Qatar and Mwani Qatar. The agreement was announced during the Arabian Travel Market exhibition, which took place from ...

Bank of England interest rate-setter Catherine Mann said she voted to keep borrowing costs on hold last week – having sought a big 50-basis point cut in February – because Britain’s ...

European Central Bank supervisors are asking some of the region’s lenders to assess their need for US dollars in times of stress, as they game out scenarios in which ...

Greece had the longest average weekly working hours in the European Union in 2024, according to data published this week by Eurostat. Greek workers spent an average of 39.8 hours per week ...

Cyprus is stepping up efforts to position itself as a gateway for Indian businesses expanding into Europe, a vision that is starting to take shape both strategically and on the ...

Cyprus has emerged as one of the standout performers in European tourism at the start of 2025, recording a 15.4 per cent increase in international arrivals compared to the same period last ...

Hellenic Bank on Wednesday announced a reduction in its base interest rate by 0.33 percentage points, from 1.75 per cent to 1.42 per cent, effective from May 16, 2025. “This move will benefit the majority ...

The Cyprus Securities and Exchange Commission (CySEC) this week issued two separate announcements relating to regulatory action and fund liquidation. In a decision made during its meeting on February 2025, the ...

Global asset managers held their biggest underweight position in the dollar in 19 years in May, as President Donald Trump’s chaotic trade policy cut investor appetite for US assets, Bank ...

The Cyprus Investment Funds Association (CIFA) on Wednesday welcomed the latest results from the Cyprus Securities and Exchange Commission’s (CySEC) quarterly bulletin for the country’s funds sector for ...

Transport Minister Alexis Vafeades on Wednesday said that the evaluation of bids for the deepening of the Larnaca marina is currently under way, with work expected to begin soon. He ...

Cyta marked World Telecommunications Day with a dedicated conference on women in science, technology, engineering, arts and mathematics (STEAM), aligning this year’s global theme — Gender Equality in Digital Transformation — ...

Plans are under consultation to rebuild a restaurant at Lady’s Mile beach, demolished in 2012, as part of broader updates to the planning framework for the British Bases. The proposal, ...

Cyprus’ environment department has rejected plans for a 33-turbine wind farm near two protected Natura 2000 zones, citing irreversible damage to wildlife habitats and increased threats to vulnerable species. The proposed 49.5...

The Nicosia tourism board (Etap) on Wednesday announced its participation in the IndusTour project under the Interreg Europe programme, a new European initiative aimed at promoting industrial tourism across six ...

Real estate is evolving fast, with blockchain at the centre of this transformation, as highlighted during a panel discussion at the recently-held REALTYon 2025 expo in Limassol. During the discussion, we ...

Ermes Department Stores Plc on Wednesday provided additional details regarding its strategic direction and ongoing operations, following the transfer of its ERA department store activity to Gencom Ltd. The company’...

Hellenic Bank on Wednesday announced a reduction in its base interest rate by 0.33 percentage points, from 1.75 per cent to 1.42 per cent, effective from May 16, 2025. “This move will benefit the majority ...