Cyprus Business Now
Alpha Bank Cyprus this week announced that it conducted a special event on Tuesday, November 14, at its headquarters in Nicosia, in support of Men’s Health Awareness Month, in order ...
IMF chief urges more proactive push for central bank digital currencies
The head of the International Monetary Fund has urged countries to make a more proactive push to develop central bank digital currencies (CBDC).
Eleven countries, including a number in the ...
UK house prices post first annual drop since 2012
British house prices fell in annual terms in September for the first time since 2012 and rents rose sharply last month, official data showed earlier this week, underlining the weak state ...
Cyprus construction sector key to island’s economic growth, association president says
Construction sector described as the engine of the Cypriot economy
Cyprus Land and Building Developers Association (LBDA) president Michalis Hadjipanayiotou on Thursday lauded the local property sector’s robustness, reflected ...
Cyprus economy resilient amid global uncertainty, Finance Ministry says
The Finance Ministry on Thursday said that the European Commission’s autumn forecast has underlined the resilience of the Cypriot economy, along with its flexibility and adaptability to challenging economic ...
Europe’s problems are far bigger than a shallow recession
The euro zone appears to be in the middle of another recession but worries about whether definitive growth figures due early next year will have a plus or minus sign ...
Dollar holds ground as macro data hints at later Fed rate cut
The dollar held its ground on Thursday after a volatile two days that saw sharp declines followed by a rebound as traders took incoming economic data as signalling the Federal ...
Regional conflict has not affected gas production, Energean CEO says
Energean plc, a prominent gas-focused independent exploration and production company operating in the Mediterranean and UK North Sea, on Thursday released an update for the nine months ending September 30, 2023, reporting ...
Oil prices fall due to higher US supply, falling demand elsewhere
Oil prices fell on Thursday, extending losses from the previous session, as signals of higher supply from the United States met worries about lacklustre energy demand from China.
Brent futures ...
In wartime Russia, soaring prices bite as election looms
For Darya Stepanova, a mother of two who lives in a small town on the eastern side of the Ural mountains, soaring prices for everything from baby food to nappies ...
Inflation in the US is improving, the public mood is still sour
As families in the US prepare to gather for their Thanksgiving dinners next week, food prices have largely flatlined for months, gasoline prices are about 10 per cent lower than a ...
Larnaca economic revival well underway — regional instability may dampen growth
Larnaca Chamber of Commerce & Industry (Evel) president Stavros Stavrou used his speech at this year’s annual assembly to highlight the city and district of Larnaca’s substantial strides ...
Cyprus Business Now
The Cyprus Stock Exchange (CSE) this week announced the implementation of a new Regulatory Decision and an updated Securities Accounts System (SAS), applicable as of November 13, 2023.
According to the announcement, ...
Volkswagen CEO: 20,000-euro EV could come in second half of decade
Volkswagen (VOWG_p.DE) has not made a decision on producing a 20,000-euro ($21,714.00) electric car yet, but Chief Executive Oliver Blume is convinced that the company can get there by ...
New partnership aims to boost youth entrepreneurship in Cyprus
Cypriot startup accelerator ARIS, short for A Really Inspiring Space, and Frederick University this week announced that they have signed a memorandum of understanding to facilitate the growth of youth ...
Gulf Air bolsters Cyprus routes with more Larnaca flights
The national carrier of the Kingdom of Bahrain, Gulf Air, on Wednesday announced that it has increased the number of flights to Larnaca and Athens, aiming to bolster its operations ...
Cyprus cabinet approves new law in boost to investment fund sector
The Cabinet has greenlit a pivotal legislative draft titled ‘The Establishment and Operation of Collective Investment Organisation Management Companies Law of 2023’, which aims to regulate the operations of Fund Managers ...
Siemens Energy reviews wind unit set-up after $5 billion loss
Siemens Energy (ENR1n.DE) is reviewing the structure of Siemens Gamesa, it said on Wednesday, in a bid to return to profit the struggling wind division that caused a 4.6 ...
German drug regulator considering export ban on Ozempic
The head of Germany’s drug regulator BfArM is considering an export ban on Novo Nordisk’s (NOVOb.CO) diabetes drug Ozempic, which is in high demand for its weight-loss ...
UK inflation slows sharply, boosting BoE and PM Sunak
British inflation cooled by more than expected in October as household energy prices dropped from a year ago while stubbornly high services sector price growth also eased, offering some relief ...
Limassol port sees record cruise visits in October — global mix of passengers welcomed
Port management company DP World Limassol on Wednesday announced that Limassol port saw record cruise ship calls in October 2023, welcoming 31 cruises and around 48,000 passengers to the island.
According to the ...
Cyprus economy grows by 2.5 per cent year-on-year in third quarter
The Cypriot economy witnessed a growth rate of 2.5 per cent during the third quarter of 2023, compared to the same period in 2022, reflecting a higher annual increase than the 2.2 per cent ...
Cyprus Business Now
The University of Cyprus (UCY) this week announced that it is set to host a two-day event on artificial intelligence, called AI Days, on November 27-28.
In its announcement, the ...
Global EV sales stay strong
Electric-vehicle sales are seeing continued strength globally with China reporting record monthly sales in October despite the end of subsidies, according to market research firm Rho Motion.
China ended an 11...