#business

Cypriot food manufacturer Mitsides Public Company Ltd has announced that its board of directors will meet on Thursday, November 6, 2025. “The board will examine, among others, the progress of the group’...

Household real consumption per capita increased by 0.3 per cent in the euro area in the second quarter of 2025, after a decrease of 0.1 per cent in the previous quarter, according to ...

Finance Minister Makis Keravnos on Wednesday announced the extension of the zero VAT rate on certain basic goods until December 2026, following a Cabinet meeting that approved a related proposal. The ...

Domestic production accounted for €33.71 trillion (91.5 per cent of the total supply of goods and services in the EU) in 2023, while imports contributed €3.14 trillion (8.5 per cent), according to Eurostat. This marked ...

Demetra Holdings Plc has repurchased 7,700 of its own shares at a price of 1.635 cents, the company announced on Wednesday. The buyback was carried out through the Cyprus Investment and Securities ...

Cyprus recorded one of the largest decreases in household electricity prices across the European Union in the first half of 2025, with costs falling by 9.5 per cent compared with the same ...

Average monthly earnings in Cyprus continued to rise during the second quarter of 2025, with gross salaries increasing by 4.2 per cent compared to the same period last year, according to provisional ...

Cyprus is gearing up for another strong tourism year, setting out a €74.6 million budget for 2026 that puts sustainability and year-round growth at the heart of government policy. Presenting the figures ...

Cyprus’ long-standing ambition to transform into a year-round tourist destination is gradually taking shape, with recent developments indicating growing momentum as hotel operators and tourism authorities align behind a shared ...

PayPal (PYPL.O) said on Tuesday it entered into a deal with OpenAI that will allow ChatGPT users to buy products using the payment firm’s platform, sending its shares ...

Oracle CEO Mike Sicilia said on Tuesday that he is not concerned about an “AI bubble,” adding that there is real value in artificial intelligence as demand far outpaces supply. ...

The European Central Bank (ECB) announced this week that the net saving of the euro area economy increased in the four quarters leading up to the second quarter of 2025, while ...

Approximately four in ten (17.4 per cent) of all households in the EU experienced difficulty or great difficulty to make ends meet in 2024, according to a report from Eurostat. At the ...

Bank of America (BofA) Securities confirmed its positive stance on the Greek banking sector this week, stating the banks are undergoing a transitional period as markets focus on the trough ...

Foreign-controlled companies were responsible for the majority of Cyprus’ service exports to countries outside the European Union in 2023, according to new Eurostat data on services trade by enterprise characteristics (STEC). ...

Cyprus’ property market has entered 2025 with renewed confidence and a sense of maturity. What began as a post-pandemic recovery has evolved into a steady, data-driven expansion fuelled by foreign investment, ...

Euro area banks reported a small net tightening of credit standards for loans or credit lines to enterprises in the third quarter of 2025, with a net percentage of 4 per cent, ...

Median inflation expectations for the next 12 months decreased slightly in September compared with August 2025, according to the European Central Bank (ECB). Compared with the previous month, median consumer perceptions of ...

As Wall Street’s expectations have rapidly shifted toward an imminent end to the Federal Reserve’s effort to shrink its bond holdings, some analysts also anticipate a return to ...

Barclays will buy US personal loan originator Best Egg for $800 million, the British bank said on Tuesday, as it tries to add scale in its personal banking business in the ...

Britain’s financial markets watchdog on Tuesday confirmed that it will stop publishing the identity of stock market short sellers, as it set out details of a revised framework aimed ...

Amazon (AMZN.O) is planning to cut as many as 30,000 corporate jobs beginning yesterday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, ...

British retailers cut their prices in October, led by the biggest drop for food in almost five years, industry figures showed, offering a bit of relief to households before Halloween ...

Oil prices fell 2 per cent on Tuesday, marking their third day of declines as investors assessed the effect of US sanctions on Russia’s two biggest oil companies along with ...