#business

The Deputy Ministry of Tourism recently revised the inventory of hotels and tourist accommodations in Cyprus, with the majority of these not meeting the necessary compliance criteria. The latest data ...

The Bank of Cyprus on Thursday released its financial results for the first quarter of 2024, posting a profit after tax of €133 million. While this figure represents a 4 per cent drop ...

The Cypriot economy exhibited its highest growth rate in the last five quarters during the first quarter of 2024, with Gross Domestic Product (GDP) increasing by 3.5 per cent compared to the ...

President of the Cyprus Hotel Association (Pasyxe) Thanos Michaelides this week raised concerns about a slowdown in summer bookings, indicating that 2024 may see a downturn compared to previous years. Michaelides ...

At least one Mondelez (MDLZ.O) investor, Swedish pension fund AP7, will back a resolution calling for the Oreo cookie maker to conduct an independent study of the risks of ...

El Salvador has mined nearly 474 bitcoins since 2021 thanks to a volcano-fueled geothermal power plant, official data showed this week, bringing the government’s total bitcoin portfolio to nearly $354 million at ...

The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, and the Cyprus Fiduciary Association (CYFA) inked a memorandum of understanding (MoU) on Wednesday, aiming to bolster their ties and ...

The inaugural Cyprus Forum London commenced on Wednesday morning, at the Cyprus High Commission’s premises in central London, organised by the non-governmental organisation ‘Oxygen for Democracy’, in collaboration with ...

President Nikos Christodoulides praised the Cyprus Association of Large Investment Projects for its contribution to the economy, while also stressing the importance of public-private sector collaboration in order to address ...

The Deputy Ministry of Tourism announced on Wednesday that the license renewal process for self-catering accommodation units, including villas, houses, and apartments, has started. This process will solely be conducted ...

The GB-CY International Investment Conference 2024, which took place on May 9, was a resounding success, according to an announcement released by the organisers on Wednesday. Hosted by the Great Britain-Cyprus Business ...

President of the Cyprus Hotel Association (Pasyxe) Thanos Michaelides this week raised concerns about a slowdown in summer bookings, indicating that 2024 may see a downturn compared to previous years. Michaelides ...

The Cyprus Property Developers Association (LBDA) marked its 40th anniversary this week, stating that during this time it has emerged as a “dynamic advocate and representative of the land and ...

Google parent Alphabet on Tuesday showed how it is building on artificial intelligence across its businesses, including a beefed-up Gemini chatbot and improvements to its prized search engine as it ...

The value of bounced cheques recorded in Cyprus reached €252,988 during the first four months of 2024, according to a report released this week by the Central Bank of Cyprus (CBC). These ...

Cyprus’ construction sector has shown significant growth, as evidenced by the increase in building permits issued by the municipal authorities and the district administration offices in the early months of 2024. ...

Oil company Chevron (CVX.N) was the most shorted US stock in April, overtaking long-standing top target Tesla (TSLA.O) as short-sellers up their bets on weaker energy prices, according ...

OPEC stuck to its forecast for strong growth in global oil demand in 2024 on Tuesday and said it would switch to focus on projected demand for OPEC+ crude, reflecting that ...

British wages grew by more than expected, according to data published this week, but other figures suggested the labour market is losing some of its inflationary heat, keeping the Bank ...

Deputy Tourism Minister Kostas Koumis on Tuesday said that the total seat capacity airlines expect to offer for trips to Cyprus in the coming months will be similar to last ...

Cyprus’ construction sector has shown significant growth, as evidenced by the increase in building permits issued by the municipal authorities and the district administration offices in the early months of 2024. ...

Global Finance, one of the leading international publications focused on banking and finance, has named Bank of Cyprus the Best Bank and the Best Investment Bank in Cyprus in its 2024 ...

If financial markets are right, interest rates won’t just stay high this year, but possibly forever. The return of inflation means ultra-low rates are history. And markets now reflect ...

Shipping Deputy Minister Marina Hadjimanolis is making an official visit to London to participate in the International Maritime Organisation’s (IMO) celebrations for the International Day for Women in Maritime, ...