#business

The average gross monthly earnings of employees in Cyprus saw a 5.7 per cent increase during the first quarter of 2024, reaching €2,378 compared to €2,251 in the same period of 2023, according to a ...

Energy Minister George Papanastasiou highlighted Egypt as an essential partner for Cyprus during an interview with the Cyprus News Agency (CNA) on Sunday, in the context of the EU-Egypt Investment ...

Cyprus’ Industrial Producer Prices Index experienced a 2.5 per cent decrease in May 2024 compared to the same month in 2023, according to a report by the state’s statistical service. For the ...

By Maria Demertzis The European Union’s fiscal framework, the European Commission’s attempt to coordinate the fiscal positions of member countries, will be reinstated in September for the first ...

EU-funded researchers are taking technologies known as “smart wearables” to the next level. By Jessica Berthereau What do cycling, showering and making love have in common? All three activities prove ...

Data centres and electric vehicles are expected to ramp up US power demand by about 300 terawatt-hours (TWh), equivalent to the electricity consumed annually by Turkey, by the end of the ...

Here are the top business stories in Cyprus from the week starting June 24: Deputy Minister of Shipping Marina Hadjimanolis recently embarked on a series of important meetings in Geneva, according ...

In 2024, Cyprus stands out in the European real estate landscape, marked by stability and growth despite the broader challenges of inflation and rising interest rates. While other countries tread cautiously, ...

US oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of ...

Google will showcase artificial intelligence features, and updates to its Pixel devices and the Android platform at a special event on Aug. 13, according to invites shared online by the Verge ...

A delegation from the International Monetary Fund (IMF) on Friday held informal discussions with members of the House Finance Committee during their technical assistance mission to Cyprus. The visit was ...

Social media platform Reddit said this week that it will update a web standard used by the platform to block automated data scraping from its website, following reports that AI ...

OkSeven content-licensing sellers of music, image, video and other datasets for use in training artificial intelligence systems have formed the sector’s first trade group, they said this week. The ...

A union representing Hollywood film and television crew said on Tuesday it has reached a tentative three-year deal with major studios that includes agreed-on pay hikes and guardrails against the ...

A delegation from the International Monetary Fund (IMF) on Friday held informal discussions with members of the House Finance Committee during their technical assistance mission to Cyprus. The visit was ...

Maritime firm Prevention at Sea, based in Cyprus, has recently been honoured with a feature in the GreenTech and Decarbonisation category on the newly updated Global Maritime Tech Startup Map ...

Seven innovative Cypriot small and medium-sized enterprises (SMEs), members of the Cyprus Association of Research & Innovation Enterprises (CARIE), part of the Cyprus Chamber of Commerce and Industry (Keve), participated ...

Eurobank has been awarded a prestigious distinction in the field of post-custodial services, being named “Best Sub-Custodian Bank 2024” in Cyprus and Greece by the esteemed Global Finance magazine. This accolade ...

State-owned asset management company Kedipes announced on Friday that a €60 million cash payment was made on June 26, as previously mentioned in the company’s most recent operational management progress report ...

Richa Tandon is a name synonymous with innovation in the realm of soft skills training. Skill Boosters caters to the diverse needs of children by integrating components like emotional intelligence ...

Industrial production in Cyprus recorded an 8.2 per cent increase year-on-year during April 2024, according to a report released this week by the Cyprus Statistical Service (Cystat). The Industrial Production Index for ...

The economic climate in Cyprus improved slightly in June, with the Economic Sentiment Indicator (ESI) rising by 0.6 points compared to May 2024, according to a report released this week by the ...

With third country nationals receiving their work permits earlier through expedited procedures, the tourism industry is fully staffed and ready for the summer wave of tourists. Labour Minister Yiannis Panayiotou ...

Demetra Holdings’ annual general meeting on Thursday saw chairman George Kourris reaffirming the company’s significant position in Hellenic Bank, describing it as a strategic choice amidst ongoing financial successes. ...