#business

Cyprus’ real estate market continued its robust growth into February, with property sales increasing by 7 per cent year-on-year. Developments in Limassol and Larnaca were the primary driver behind this surge. ...

The Cyprus Hoteliers Association (Pasyxe) has expressed optimism about the upcoming tourism season, particularly due to an increase in bookings from Germany and Poland. Preliminary data from the association indicates ...

Cyprus’ trade deficit decreased by €213 million in 2024, reaching €8.25 billion, compared to €8.47 billion in 2023 and €7.12 billion in 2022. However, the trade deficit for January 2025 increased by €127.5 million, reaching €682.7 million, up from €555.2 million ...

The Cyprus Financial Literacy and Education Committee (CyFLEC) on Thursday announced that it is intensifying its efforts to promote financial literacy among young people and the broader society as part ...

Alpha Bank’s senior leadership met with state officials and key business figures in Cyprus this week, in order to outline its growth strategy and expansion plans. According to an ...

Ukraine may import large volumes of US gas this year via terminals in Germany, Greece, Lithuania and Poland, its state gas operator said, as Kyiv struggles with the impact of ...

Makers of goods from sportswear to luxury cars and chemicals painted a gloomy picture on Wednesday of consumer and industrial health, adding to concerns about the damage from US President ...

The number of building permits issued in Cyprus during October 2024 fell to 470, marking a 25.6 per cent decline compared to the 632 permits issued in October 2023, according to data released by the ...

Investors are wary about worrisome market signs, after a steep US stocks selloff that has wiped out more than $4 trillion in value and all of the gains notched following President ...

Britain’s payments regulator will be abolished and its remit absorbed by another financial regulator, the government said this week, as it aims to cut red tape in favour of ...

Zara owner Inditex (ITX.MC) this week reported a slower start to its first quarter starting February 1, raising questions around its ability to keep building on rapid recent growth and ...

The Bank of England (BoE) said on Wednesday it appointed Sarah John, the central bank’s current Chief Cashier, as its new Chief Operating Officer. John will be replaced by ...

The euro zone economy is facing exceptional shocks from trade, defence and climate issues, possibly amplifying inflation volatility and raising the risk that price growth becomes more persistent, ECB President ...

Paphos and Famagusta have experienced the steepest increases in house prices in Cyprus, according to the Central Bank of Cyprus’ third-quarter report for 2024. In contrast, Limassol and Nicosia are experiencing ...

The Research and Innovation Foundation (RIF) on Wednesday announced that the submission process for two key funding programmes is currently underway. According to the announcement, the two programmes “aim at ...

Popular mobile strategy RPG Ludus: Merge Arena has surpassed five million players worldwide and is generating nearly $3 million in monthly revenue, according to an announcement released on Wednesday. The game ...

Cyprus has one of the lowest rates of online shopping complaints in the European Union, as only 14.7 per cent of its consumers reported issues, according to data released by Eurostat ...

The number of employees who chose to leave Hellenic Bank under its latest voluntary exit scheme fell significantly short of the target of 400 departures. The plan, introduced amid the bank’...

There is about a 40 per cent chance of a US recession this year and a risk of lasting damage to the country’s standing as an investment destination if the ...

Cyprus’ tourism ministry this week launched the application process for a grant scheme aiming to enhance the qualitative and aesthetic appeal of Cyprus’ beaches. This initiative, according to the ministry, ...

Bernhard Schulte Shipmanagement (BSM), a third-party ship manager headquartered in Limassol, has successfully completed the Diversity@Sea project after a 10-month project phase. This initiative, a global effort by the ‘...

Eurobank has set out its strategic objectives following the full acquisition of Hellenic Bank, as detailed in its public offer document outlining the acquisition process. As part of its plan, ...

The number of building permits issued in Cyprus during October 2024 fell to 470, marking a 25.6 per cent decline compared to the 632 permits issued in October 2023, according to data released by the ...

Hong Kong investor Balram Chainrai has increased his stake in Agros Development Company ‘Proodos’ Public Ltd to 87.85 per cent, the owner of Rodon Hotel, following the successful completion of his ...