#business

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 ...

The Industrial Production Index in Cyprus recorded a significant increase of 4.3 per cent in January 2025 compared to the same month in 2024, according to the state statistical service. This increase pushed ...

The European Commission has identified 47 strategic projects which it hopes will kick-start the region’s critical minerals sector and reduce its dependence on imports. But even as European policy-makers work ...

The year is still young, but Asia has already built up a considerable lead over several European countries and the United States in terms of energy transition progress so far ...

British business confidence held steady this month, matching February’s six-month high and adding to tentative signs of an uptick in the economy in early 2025, a survey showed this week. ...

SOFTSWISS, a leading international technology company specialising in iGaming software development, is set to participate in this year’s Reflect Festival as a Bronze Sponsor. The festival, scheduled to take ...