#business

Mortgage interest rates for new housing loans in Cyprus remained high during September 2024, despite the declining trend in rates set by the European Central Bank (ECB). According to a report ...

The downward trend of non-performing loans (NPLs) in Cyprus continued in August 2024, with an additional €15 million decrease. According to a report released on Tuesday from the Central Bank of Cyprus (...

Cyprus is gaining momentum as a filming destination, supported by strategic efforts from Invest Cyprus to draw high-profile productions to the island. According to the investment promotion agency, the are 13 ...

The Bank of Cyprus (BoC) on Tuesday reported a profit after tax of €401 million for the first nine months of 2024, representing a 15 per cent increase year-on-year. According to the bank’...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday released a public invitation to professional trainers who want to participate in EULEP’s Train-the-Trainers (TtT) sessions. EULEP refers to ...

British public-sector employers now expect to raise pay faster than their private-sector counterparts for the first time since late 2020, after the new Labour government approved big public-sector pay rises funded ...

Hellenic Bank and bankers’ union Etyk have signed a new collective agreement, according to an official announcement released on Monday. “This agreement brings to an end a prolonged period of ...

Within weeks of Donald Trump’s 2016 election, US Federal Reserve policymakers began mulling the impact of expected tax cuts and tariffs on the economy, penciling in rough estimates of what ...

QatarEnergy will buy a 23 per cent stake from Chevron (CVX.N) in an offshore exploration block in Egyptian waters, it said on Monday. QatarEnergy has in recent years acquired stakes ...

Lisbon will this week play host to Europe’s biggest annual tech conference, Web Summit, where industry leaders and lawmakers will weigh the pros and cons of Donald Trump’s ...

Cyprus on Monday showcased its prospects as an investment destination at the 8th annual investment conference organised by the UK-Cyprus Enterprise Council in London. The conference also examined the opportunities ...

Cyprus’ trade deficit narrowed to €5.6 billion for the first nine months of 2024, down from €6.78 billion in the same period of 2023, according to a report from the Cyprus Statistical Service (Cystat). ...

The total number of government employees in Cyprus reached 54,884 in October 2024, according to a statistical service report released on Monday. This figure marks a significant year-on-year increase, largely due to ...

Hellenic Bank and bankers’ union Etyk have signed a new collective agreement, according to an official announcement released on Monday. “This agreement brings to an end a prolonged period of ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced that it will host a Ugandan delegation, in the context of Agritrade Uganda’s visit to Cyprus, for a ...

Two in three Cypriots place a high priority on adapting to climate change, according to the European Investment Bank’s (EIB) annual climate survey. “Climate change is an undeniable reality ...

The total number of registered vehicles in Cyprus increased by 11.5 per cent during the January-October period of 2024, reaching 42,930, compared to 38,503 in the same period of 2023, according to a report from ...

There is a disconnect between the perceived and actual cyber readiness among global enterprises, according to a survey by IT services firm Kyndryl. The survey, titled ‘Cyber Gauge 2024: Navigating the ...

German sportswear maker Puma’s (PUMG.DE) third-quarter sales missed expectations due to sluggish demand and as weaker currencies in markets like Mexico, Argentina and Japan weighed on its revenue ...

Swiss bank UBS (UBSG.S) announced that it has successfully piloted a blockchain-based payment system it has developed to improve the efficiency of cross-border transactions known as UBS Digital Cash. ...

New car registrations in the UK fell for the second time this year, dropping 6 per cent to 144,288 in October, according to a report based on industry data. The Society of ...

The UK’s financial regulator has laid out plans to ensure investors in bonds and derivatives markets have access to more information and that firms lower costs by making investment ...

Here are the top business stories in Cyprus from the week starting November 4: Cyprus and Egypt are set to deepen maritime collaboration through a joint commission established during Deputy Shipping ...

By Maria Demertzis The private sector can cover at least half of the investment gap identified in Mario Draghi’s competitiveness report but will only do so if the EU’...