#business

Deposits and loans in Cyprus experienced a net decrease in January 2023, according to a report released this week by the Central Bank of Cyprus (CBC). Based on the report, total ...

The Institute of Certified Public Accountants of Cyprus (Selk) this week released a statement congratulating newly-elected president Nikos Christodoulides for his recent election victory. “We also extend our congratulations to ...

The Cyprus Ports Authority this week told the House Finance Committee that its budget for 2023 will generate a slight surplus, while also referring to the upgraded role it has now ...

On Friday, the Nicosia Chamber of Commerce and Industry (Evel) announced that its director Socratis Heracleous met with his French counterpart, the director general of MEDEF Paris, Marie-Sophie Ngo Ky ...

By Maria Demertzis When Russia invaded Ukraine on February 24 of last year, the hope was that this unnecessary and brutal war would last only a few weeks. We are now ...

Brazil’s central bank on Thursday approved Meta Platforms’ (META.O) payments launch for small and medium-sized businesses in Brazil via its messaging application WhatsApp, building on the app’s ...

Microsoft Corp (MSFT.O) is expected to secure EU antitrust approval for its $69 billion acquisition of Activision (ATVI.O) with its offer of licensing deals to rivals, three people familiar ...

Oil prices slipped in early trade on Friday but were on track to post gains of nearly 2 per cent for the week as a rebound in China’s factory activity ...

The recovery in euro zone business activity gathered pace last month as growth accelerated in the bloc’s dominant services industry, a survey showed, providing the latest piece of evidence ...

Growth in the United Arab Emirates’ (UAE) non-oil private sector in February accelerated slightly from the previous month, supported by a pick up in output growth, although the overall outlook ...

British chip technology firm Arm Ltd, owned by Japan’s SoftBank (9984.T), said on Friday it would pursue a US-only listing this year, dashing the hopes of the British government ...

Cyprus Airways this week announced the launch of a strategic partnership with software solutions firm Atarev, in order to facilitate the Cypriot airline’s objective of offering the lowest available ...

The Cyprus Investment Funds Association (CIFA) on Thursday announced that it has signed a memorandum of understanding with the University of Nicosia, with the two parties seeking to bolster their ...

Cyprus’ Gross Domestic Product (GDP) is estimated to have reached €27 billion at the end of 2022, compared to €24 billion in 2021, at current prices, according to a report released this week by ...

Thousands of Australians who used do-it-yourself (DIY) pension funds to bet on cryptocurrencies face hundreds of millions of dollars in losses, jeopardising their savings in a scheme originally set up ...

Sales of passenger cars and light commercial vehicles in Turkey rose 63.4 per cent year-on-year in January to 81,148 units, the Automotive Distributors and Mobility Association said on Thursday. In the January-February ...

The non-profit organisation TechIsland has previously rebuilt the Regional Primary School in Arakapas, which suffered from a terrible wildfire. The organisation has invested more than €200,000 in renovating the school. TechIsland ...

The new Deputy Minister of Research, Innovation and Digital Policy Philippos Hadjizacharias took over the portfolio of the Deputy Ministry of Research, Innovation and Digital Policy during a brief ceremony ...

Higher margins not wages driving inflation, data shows ECB policymakers debated issue at Arctic retreat – sources Data may help case against more rate rises – analysts Huddled in a retreat in ...

Tesla Inc (TSLA.O) will cut assembly costs by half in future generations of cars, engineers told investors on Wednesday, but Chief Executive Elon Musk did not unveil when it ...

Goldman Sachs has warned of the potential for foreign exchange market instability in the run up to Turkey’s elections following years of currency reserve depletion and other costly measures. ...

Egypt will again use daylight saving time this summer after a seven-year gap, the cabinet said on Wednesday, the latest in a series of government efforts to save energy. Last ...

Cyprus is among the top ten countries for people to retire to, with a focus on affordability, according to a study released on Wednesday by one of the UK’s ...

Strong investor inflows into bond markets this year mean traders and bankers are confident the European Central Bank will have a smooth start to unwinding its huge bond holdings, but ...