#business

Here are the top business stories in Cyprus from the week starting December 25: The long-anticipated completion of bids for the Paphos marina is set for late 2024, according to George Mais, ...

Tesla (TSLA.O) is expected to post another record quarter for electric vehicle (EV) deliveries, likely shy of an ambitious 2 million annual internal target that CEO Elon Musk touted at ...

OpenAI is in early talks to raise a fresh round of funding at a valuation at or above $100 billion, Bloomberg News reported on Friday, citing people with knowledge of the ...

Chinese electric vehicle giant BYD (002594.SZ), said on Wednesday it has obtained a conditional testing license for level 3 (L3) autonomous driving on high-speed roads. BYD was granted the first such ...

The Cypriot government recorded a surplus of €1 billion, equivalent to 3.4 per cent of the Gross Domestic Product (GDP), between January and November 2023, according to a report released on Friday by ...

Senior Recruitment Consultant at GRS Recruitment Agency, Eleni Kyriacou, spoke to SOUZANA PSARA about the talent acquisition and recruitment sector in Cyprus, sharing insightful perspectives on the country’s economic ...

The latest figures published by the Cyprus Statistical Service on Friday revealed that there were no significant fluctuations in the Producer Price Index in Industry for November 2023. The index stood ...

Cyprus saw a significant surge in the Industrial Production Index in October 2023, reaching 138.6 units, with 2025 being the base year, marking a 5.4 per cent increase, according to a report released this ...

Turkey’s central bank said on Friday it would maintain a reserve “build-up strategy” in 2024 in order to continue an uptrend in its international foreign currency reserves, adding that a ...

Employers and Industrialists Federation (Oev) president Antonis Antoniou has stated that only through strong competitiveness can Cyprus ensure the prosperity of its people, strengthen the social safety net for the ...

Oil prices are set to end 2023 about 10 per cent lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered ...

Activity in Russia’s manufacturing sector expanded at its fastest pace in almost seven years in December, a business survey showed on Friday, though new export orders contracted for the ...

Theophanis Theophanous has been working for Barclays in the United Kingdom since 2011 when he joined as Managing Director in the UHNW and Family Offices team. Prior to that, he worked ...

The Cyprus Composite Leading Economic Index (CCLEI), compiled by the University of Cyprus’ Economic Research Centre (CypERC), registered an annual increase of 1.8 per cent in November 2023, according to a report ...

The long-anticipated completion of bids for the Paphos marina is set for late 2024, according to George Mais, president of the Paphos Chamber of Commerce and Industry. Mais told the Cyprus ...

British shopper numbers at stores on Boxing Day rose from a year earlier, especially in London, research data showed on Wednesday, marking a strong start to the post-Christmas bargain-hunting spree. ...

Qatar has agreed to supply Shell (SHEL.L) in Singapore with up to 18 million barrels of oil a year for five years in what the Gulf state’s energy company ...

Hellenic Bank announced on Thursday that it has established a Sustainable Bond Framework, aiming to contribute to the sustainable transition of the Cypriot economy and striving to create a long-term ...

Many Cypriots are choosing to fly abroad for New Year’s celebrations, with Greece, the United Kingdom, and Central European countries being the top picks, according to Charis Papacharalambous, president ...

A huge two-month rally in bond prices, powered by expectations that central banks will soon be cutting interest rates, has rescued fixed income markets from an almost unheard-of third straight ...

Marios Tannousis has been proudly leading Invest Cyprus as its CEO. As the investment authority of the Government of Cyprus, Invest Cyprus plays a pivotal role in the nation’s ...

Oil prices steadied on Thursday after falling sharply in the previous session, as concerns eased about shipping disruptions along the Red Sea route even as tensions in the Middle East ...

Deputy Minister of Shipping Marina Hadjimanoli on Wednesday said that Cyprus’ role as a prominent, internationally recognised maritime centre will be further enhanced in the coming year. Speaking to the ...

Consulting and advisory firm PwC Cyprus recently announced that it successfully organised an event entitled “A New Reporting Obligation on VAT” at its state-of-the-art experience centre. The event focused on ...